Tata Steel has reported that net profit in the September quarter increased more than four times at ₹3,183 crore, against ₹759 crore logged in the same period last year, due largely to better realisation and higher sales volume.

Revenue was up at ₹58,689 crore (₹53,905 crore).

The company has signed an agreement to buy out its joint venture partner’s stake in Tata BlueScope Steel for ₹1,100 crore.

Subsequently, Tata Steel Downstream Products has signed a share purchase agreement with BlueScope Steel and its holding companies to acquire 50 per cent stake in Tata BlueScope Steel, subject to regulatory approvals. Once the deal is executed, Tata BlueScope Steel will become an indirect subsidiary of Tata Steel .

Tata Steel has reported a 62 per cent increase in EBITDA at ₹8,968 crore (₹5,5

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