Tata Steel, the flagship company of the Tata Group is likely to introduce a exclusive railway track laying technology called ‘SilentTrack' which will minimize noise in the vicinity of tracks by up to 50%. The company’s European arm has successfully laid ‘SilentTrack' in the UK. It has installed the tracks at Blackfriars station in London.
On standalone basis, the company has posted a fall of 8.62% in its net profit at Rs 1560.51 crore for the quarter ended March 31, 2012 as compared to Rs 1707.71 crore for the same quarter in the previous year. However, total income has increased by 13.68% at Rs 9662.36 crore for quarter under review as compared to Rs 8499.73 crore for the quarter ended March 31, 2011.
