February 7, 2017 / 11:51 AM / 7 months ago

BRIEF-Tata Steel posts Dec-qtr consol profit

Feb 7 (Reuters) - Tata Steel Ltd :

* Dec quarter consol net profit 2.32 billion rupees

* Dec quarter consol total income from operations 293.92 billion rupees

* Consensus forecast for Dec quarter consol net profit was 1.74 billion rupees

* Consol net loss in Dec quarter last year was 27.48 billion rupees as per Ind-AS; consol total income from operations was 257.67 billion rupees

* Says elected N Chandrasekaran as chairman of board

* Says appointed Peter Blauwhoff as additional independent director

* Says retirement of Jacobus Schraven as independent director

* Says financial performance in quarter reflects strong underlying operating performance across group inspite of easonally slow quarter in Europe

* Says strategic initiatives in the UK on the pensions continue to be an important priority for the company

* Kalinganagar facility continues to ramp up smoothly; well positioned to serve increase in demand due to expected thrust on infra in FY'18

* Continue to be engaged with British Steel Pension Trustees and regulator for developing structural solution for UK pensions in coming months Source text: bit.ly/2jXALMG Further company coverage:

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