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TATASTEEL/
RTX7D70
June 26, 2008
B Muthuraman (L), Managing Director of Tata Steel, speaks as Philippe Varin, CEO of Corus Group, looks...
Mumbai, India
Muthuraman, Managing Director of Tata Steel speaks as Varin, CEO of Corus Group looks in Mumbai
B Muthuraman (L), Managing Director of Tata Steel, speaks as Philippe Varin, CEO of Corus Group, looks on during a press conference to announce annual financial results of Tata Steel in Mumbai June 26, 2008. Tata Steel, the world's sixth-largest steelmaker, on Thursday reported a tripling in consolidated net profit for the 2007/08 financial year largely due to its purchase of Corus Group. Tata Steel, which completed a $13 billion deal to buy Corus in April 2007 in India's biggest foreign takeover, said consolidated net profit rose to 123.22 billion rupees ($2.9 billion) for the year to March 31 from 41.66 billion in 2006/07, which did not include Corus. REUTERS/Arko Datta (INDIA)
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