Highlights
Tata Steel is supplying up to 300 tonnes of oxygen to hospitals every day
It is helping hospitals in Jharkhand and other states like UP, Bihar, Odisha and West Bengal
New Delhi: In trying times such as the present owing to the COVID-19 pandemic, Tata Steel is supplying up to 300 tonnes of medical oxygen every day to hospitals across Jharkhand and other states.
The company is providing liquid medical oxygen which is crucial in the treatment of the patients infected by the virus.
“Medical oxygen is critical to the treatment of COVID-19 patients. Responding to the National urgency, we re supplying 200-300 tons of Liquid Medical Oxygen daily to various State governments & hospitals. We are in this fight together & will surely win it!” Tata Steel said a statement on Twitter.
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Results: Tata Steel posts Rs 4,010 crore profit in October-December quarter
Tata Steel swung back into black in the October-December quarter posting a consolidated profit of Rs 4,010.94 crore for the quarter on the back of increased income.
The company had clocked a loss of Rs 1,228.53 crore in the year ago quarter, Tata Steel said in a BSE filing on Tuesday.
The company s total income rose to Rs 39,809.05 crore in the third quarter of 2020-21 from Rs 35,613.34 crore in the year-ago period. Its expenses were at Rs 34,183.18 crore, lower from Rs 35,849.92 crore in October-December 2019-20.
In a statement, the company said it produced 4.60 million tonne of crude steel during the third quarter, registering a 3 per cent rise over the year ago quarter. Sales in the domestic market rose by 4 per cent to 4.16 MT compared to the year-ago period.