Tata Engineering back in black in 02/03

Newswire

By Rosemary Arackaparambil BOMBAY, May 27 (Reuters) - Tata Engineering and Locomotive Company Ltd, India's largest truckmaker, said on Tuesday that aggressive cost-cutting and higher sales had helped it bounce back into the black from two loss-making years. The company, part of the Tata conglomerate, India's No 2 group by sales, posted a net profit of 2.99 billion rupees ($63.8 million) in the past year to March, against a loss of 1.07 billion rupees the preceding year. Revenue rose 22 ...

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