ISSN (Print) - 0012-9976 | ISSN (Online) - 2349-8846

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TATA IRON AND STEEL COMPANY-Back to Steel

EPW Research Foundation TATA IRON AND STEEL COMPANY Back to Steel THE year 1994-95 was a rewarding one for Tata Steel. The total income of the company grew by 22 per cent to Rs 4,627 crore, operating profit by 45 per cent to Rs 762 crore and profit after tax at Rs 281 crore was the highest ever achieved. Interest and depreciation charges rose by 28 percent and 40 per cent, respectively, this being attributed to the fact that during the year additional fixed assets of Rs 1,186 crore became operational leading to an increase in depreciation provision and reduction in interest capitalised.

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