Cost-saving initiatives, capacity expansion and merger with ISMT will create value for shareholders
Cost-saving initiatives, along with capacity expansion in castings and pig iron, will lead to higher profitability. The recovery path for ISMT is likely to be longer, given the various initiatives
Investors need to watch out for ordering activity in ductile iron pipes and the merger with Tata Steel Long Products
Merger with Tata Steel Long Products, ordering activity in ductile iron pipes remain critical areas to watch out for
Investors need to watch out for the ordering activity of Tata Metaliks in ductile iron pipes and timeline on the merger with Tata Steel Long Products
After the steep rise in the KFIL stock price, investors can wait on the sidelines for a better entry point
Investors tracking Tata Metaliks should watch out for government orders for ductile iron pipes
Investors tracking Kirloskar Ferro should watch out for the pig iron price trajectory
Investors should watch out for order inflows in the ductile iron pipe space for Tata Metaliks
Investors should watch out for the increasing orders in the pipeline segment for Tata Metaliks
From the December quarter results, we expect March 2021 results of Kirloskar Ferrous to be better on the back of volume growth in castings
In order to play the water infrastructure theme, Tata Metaliks is one of the preferred stocks though its December quarter results may witness some pressure
Despite investing heavily on the cost side, Kirloskar Ferro Industries has stuck to good financial discipline and made the right capital allocation
Kirloskar Ferro: Triggers like own iron ore mines and acquisition of VSL asset can further improve financials
Dispatches in September quarter to be impacted by monsoon
The Kalinga Nagar-based integrated steel plant, with production of 2,965 ton of hot metal on the same day, also recorded its highest ever single-day hot metal production since its inception in 2002, a company release said.
Tata Metaliks has amalgamated Tata Metaliks DI Pipes with itself. Last month Calcutta High Court had approved the scheme of amalgamation. Speaking to CNBC-TV18, Sanjiv Paul, company's chief said the DI Pipe merger will benefit the bottom line and also result in operational and taxation benefits.
The company's board has granted its in-principle approval for acquisition of movable and immovable assets relating to the pig iron plant of VSL Steels for a cash consideration of Rs 155 crore payable in instalments.
Loading of Iron Ore was to the tune of 21.33 million tones, which witnessed a growth of 17.39 percent compared to the same period of last year, according to a SER press release here today.
In an interview with CNBC-TV18, Sanjiv Paul, managing director of Tata Metaliks said low raw material prices and government policy initiatives are needed to ensure better margin growth.
In an interview with CNBC-TV18‘s Nigel D‘Souza and Reema Tendulkar, Shrinivas V Dempo, Chairman, Goa Carbon, discussed the company‘s third quarter earnings and the outlook going forward.
Pig iron manufacturer, Tata Metaliks has terminated its joint venture-Tata Metaliks Kubota Pipes (TMKPL) with the Japanese company Kubota Corporation, to strengthen JV‘s operations.
Tata Metaliks is going to divest its 3 lakh ton pig iron making facility in Maharashtra to Fomento resources for Rs 180 crore, reports CNBC-TV18. It touched an intraday high of Rs 90 and an intraday low of Rs 85.25. At 09:22 hrs the share was quoting at Rs 87.80, up Rs 5.40, or 6.55%.
Pig iron maker Tata Metaliks today reported Rs 31.76 crore net loss for the quarter ended June 30, 2011.