Tata Steel Ltd.

Tata Steel is planning to invest 400 million pounds in its European unit in the current financial year in order to fulfill demand in the European continent. With this investment, company aims to improve performance of the operations in Europe and in areas which can provide quick returns. The company will partly fund this investment from internal resources.

The company has reported a fall of 38.88% in its net profit at Rs 1356.56 crore for first quarter ended June 30, 2012 as compared to a net profit of Rs 2219.43 crore for the same quarter in the previous year. However, the total income from operation of the company has increased by 11.62% at Rs 9059.92 crore for Q1FY13 as compared Rs 8116.61 crore for the corresponding quarter previous year.