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Below are Quote on Tata Steel - 4QFY21 by Mr. Yash Gupta Equity Research Associate, Angel Broking Ltd   

Tata steel limited reported a very good set of numbers, Tata steel limited reported total revenue from operations at ₹21,202 up by 49.2% as compared to ₹14,211 crores in Q4FY20. Company reported PAT of ₹7162 Crores as compared to loss of ₹1615 crores in Q4FY20 along with this company net debt has decreased by ₹29,390 crores to ₹75389 crores during the quarter. Company has announced that the Kalinganagar unit is under construction, overall 5 MTPA capacity expansion. Company achieved its highest ever quarterly crude steel production of 4.75 mn tons registered a growth of 3% QoQ. Steel deliveries grew by 16% to 4.67 mn tones in Q4FY21 on back of very strong demand. We have a neutral view on the stock as stock has already delivered very good returns after the covid 19 fall in march 2020.

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