Moneycontrol Be a Pro
Get App
Last Updated : Jul 24, 2017 05:56 PM IST | Source: CNBC-TV18

Overall demand picked up, see better FY18: Tata Sponge

Tata Sponge Iron posted a strong set of first quarter earnings. In an interview to CNBC-TV18, Sanjay Pattnaik, MD of the company spoke about the results and gave his outlook for the company.

Tata Sponge Iron posted a strong set of first quarter earnings. In an interview to CNBC-TV18, Sanjay Pattnaik, MD of the company spoke about the results and gave his outlook for the company.

Sponge prices have been fluctuating but overall demand has picked up and therefore the average yearly net realisation of FY18 would be better than FY17, said Pattnaik.

"I am happy to report that Q1 was the best ever quarter as far as sponge iron production is concerned and we produced 113,000 tonne," he added.

Close
Watch accompanying video for more details.

Get access to India's fastest growing financial subscriptions service Moneycontrol Pro for as little as Rs 599 for first year. Use the code "GETPRO". Moneycontrol Pro offers you all the information you need for wealth creation including actionable investment ideas, independent research and insights & analysis For more information, check out the Moneycontrol website or mobile app.
First Published on Jul 24, 2017 02:46 pm
Loading...
Sections
Follow us on
Available On