Tata Steel Long Products shares decline after it reports losses
Updated: 15 Jul 2022, 01:24 PM IST
TL;DR.The company has witnessed losses due to higher expenses. Its expenses almost doubled to ₹2,489.58 crore in the mentioned quarter. Last year, it was at ₹1,282.59 crore, the company said in a regulatory filing to stock exchanges.
FILE PHOTO: A company logo is seen outside the Tata steelworks near Rotherham in Britain, March 30, 2016. REUTERS/Phil Noble