Tata Steel has posted great results. With acquisition of Corus, Tata Steel became world's sixth biggest steel maker. Tata Steel is among low cost steel producers. The company celebrated its 100 years on August 26, 2007. The stock price was trading with a gain of Rs. 36 at 642 levels registering a 6.4% jump over previous close.

The company has posted six times increase in its consolidated profit after tax at Rs 6,388 crore for First Quarter of Current Financial Year. During the same quarter last year, the company had posted a Net Income of Rs 1,014 crore.

The company has a capacity of over 23 million tonne per year. In an official statement, the company announced its plans for the next quarters. The main focus of the company is to make sure that the acquisition of Corus undergoes smoothly. The turnover was up five times at Rs 31,155 crore during the same period compared to Rs 5,748 crore last year.

Technical analysts have welcomed the results of the company. The results are in line with the expectations. The company figures included Rs 4,121 crore as actuarial gains due to increase in the income from Bonds held by various pension funds of Corus.