OREANDA-NEWS. February 10, 2015. Shares in India's Tata Steel Ltd fell 3.2 percent in pre-open trade after the company reported a 69 percent drop in its December quarter profits.

Tata Steel's consolidated net profit fell to 1.57 billion rupees (\\$25 million) in the three months through Dec. 31, the lowest since the second quarter of 2013, from 5.03 billion a year earlier.

Shares in Tata Steel, part of the \\$100 billion Tata conglomerate, fell 5.9 percent in 2014, compared to a 31.4 percent gain in the broader NSE index.