May 16, 2018 / 12:49 PM / 2 months ago

BRIEF-India's Tata Steel Posts March Qtr Consol Profit

May 16 (Reuters) - Tata Steel Ltd:

* MARCH QUARTER CONSOL NET PROFIT 146.88 BILLION RUPEES VERSUS LOSS OF 11.68 BILLION RUPEES LAST YEAR

* MARCH QUARTER CONSOL INCOME FROM OPERATIONS 357.37 BILLION RUPEES VERSUS 348.33 BILLION RUPEES LAST YEAR

* RECOMMENDED DIVIDEND OF 10 RUPEES PER SHARE

* MARCH QUARTER TOTAL EXCEPTIONAL ITEM OF 113.76 BILLION RUPEES

* SAYS EXCEPTIONAL GAIN INCLUDES A NON-CASH GAIN OF 140.77 BILLION RUPEES ON ACCOUNT OF RESTRUCTURING OF UK PENSION SCHEME IN Q4

* TATA STEEL - NET DEBT DECLINED TO 692.15 BILLION RUPEES AS OF MARCH 31, 2018

* TATA STEEL - 50:50 JV DISCUSSION WITH THYSSENKRUPP IS PROGRESSING WELL Source text: bit.ly/2IqzF9p Further company coverage:

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