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Last Updated : Jan 25, 2017 08:56 AM IST | Source: PTI

Tata Sponge Iron Dec quarter net jumps 2-fold at Rs 11 cr

The company had posted a net profit of Rs 5.25 crore in the year-ago period, Tata Sponge Iron said in a filing to BSE.

 
 
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Tata Sponge Iron, an associate firm of Tata Steel, consolidated net profit doubled at Rs 10.9 crore for the quarter ended December 31, 2016.


The company had posted a net profit of Rs 5.25 crore in the year-ago period, Tata Sponge Iron said in a filing to BSE.


Total income from operations rose marginally by 1.9 percent to Rs 157.5 crore, over Rs 154.5 crore in the corresponding quarter of the previous fiscal.

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Tata Sponge produces high-grade sponge iron that is consistent in quality. The company has an annual manufacturing capacity of 3,90,000 tonnes of sponge iron from its 3 kilns.



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First Published on Jan 24, 2017 10:48 pm
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