Tata Steel Fiscal Year 2009 net drops 60 per cent

UPDATED ON JUN 26, 2009 10:04 PM IST
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India's Tata Steel Ltd, on Thursday missed forecasts with a 60 per cent drop in consolidated net profit for the fiscal year ended March and said 2,045 jobs in Europe units were at risk. It said its Anglo-Dutch Corus Unit was starting consultations on job cuts due to the continued deterioration in market conditions and falling demand.

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