In India, the companys Brass Radiator Valve Manufacturers business model helped counter the slowdown as it successfully penetrated new markets and expanded customer universe."During the quarter, NatSteel Holdings Pte Ltd, a wholly-owned indirect subsidiary of the company, disposed of its entire stake in Nat Steel Vina Co.Its gross sales fell to Rs 34,774 crore in October-December 2019 from Rs 38,086 crore in the year-ago period.75 billion external borrowings.Tata Steel on Friday reported a consolidated net loss of Rs 1,228.4 MT as compared to 4.The company said during the third quarter global economic growth further slowed down amidst heightened concerns of US-China trade war and regional steel prices were down as steel demand was affected by weaker industrial output in key markets. This helped us reduce our net debt during the quarter by Rs 2,324 crore.

Koushik Chatterjee, Executive Director and CFO said, "Economic conditions remained very challenging during the quarter which impacted the overall business performance. This adversely affected our consolidated performance. The company was also able to maintain sales to the auto segment despite the sluggishness faced by the auto industry.Tata Steel said the phase II expansion at Kalinganagar is progressing well, civil and structural construction work for pickling line and tandem cold rolling mill at cold rolled mill complex has progressed substantially.3 per cent and EBITDA/tonne was Rs 8,484. The loss on disposal of the subsidiary is included within profit/(loss) from discontinued operations," Tata Steel said in a statement.38 MT in October-December 2018. EBITDA was Rs 4,111 crore and EBITDA margin stood at 19.99 million tonne (MT) as compared to 6."During the quarter, we succeeded in delivering working capital improvements which helped in generating cash flows in excess of Rs 6,000 crore.53 crore for the quarter ended on December 31, 2019, mainly due to lower sales and impairment provisions for its European operations.

The refinancing was at more flexible terms and better pricing, and has also improved the debt maturity profile," the company said. Its expenses were at Rs 35,849 crore as compared to Rs 35,930 crore in the preceding fiscal.Tata Steel's consolidated steel production during the December quarter was at 6.07 crore during the same quarter a year ago, the company said in a BSE filing.71 MT in the same quarter a year ago."India revenue from operations stood at Rs 21,299 crore for the quarter.In India, Tata Steel said the Indian economy remained weak during the quarter and domestic steel prices reached a nadir in October 2019. Ltd."Tata Steel Europe has refinanced its euros 1.83 crore in the quarter from Rs 2,456. Coronavirus does pose a risk and we are closely monitoring the fallout," he said.

"However, our European operations made a loss as it felt the brunt of the overall slowdown and the consequent shrinking of spreads."Tata Steel's standalone profit dropped to Rs 1,803.The company said consolidated financial results included a provision for impairment in respect of non-current assets and restructuring provisions within the European operations.09 crore in the year-ago period due to exceptional items such as high employee separation compensation and provision for demands and claims. Steel demand in India is expected to improve on the back of increasing government spending and a revival in the broader economy."Both our acquisitions, Tata Steel BSL and Tata Steel Long Products, continue to deliver operational improvements and achieve milestones in the market place.Tata Steel had posted a consolidated net profit of Rs 1,753.Tata Steel CEO & Managing Director T V Narendran said the company delivered strong growth in volumes despite poor macroeconomic conditions in India as well as globally.On Europe operations, he said Tata Steel Europe reported a loss of Rs 956 crores at EBITDA level primarily due to GBP 75/tonne decline in realisations, which weighed down the company's consolidated performance.

In Europe, the overall slowdown was more pronounced due to seasonal weakness and elevated levels of unfairly priced imports. Our liquidity remains robust at Rs 14,027 crore comprising of cash and cash equivalents of Rs 5,239 crore and undrawn bank lines," he said. Besides equipment erection for the mill and entry section has also commenced.In India, the company produced 4..Revenue from operations decreased to Rs 13,821 crore during the quarter under review primarily due to sharp decline in European steel prices, resulting in loss of Rs 956 crore at EBITDA (earnings before interest, taxes, depreciation, and amortization) level. However, steel prices are on an upward trend since November with inventory rationalization and an increase in government spending.