At 48-50 percent, TCIL is a dominant player; the expansion will help keep up with the industry growth of 6-7 percent, the company said.
Short-term benefits from proposed amalgamation is likely to be neutralised with the issuance of new shares of Tata Steel.
GNFC reported excellent traction in its earnings (PAT: 241% YoY) aided by 40 percent topline growth, EBITDA margin expansion (+906 bps) and lower interest expense. This was mainly led by Chemicals division
Tinplate Company of India has reported a sales total income from operations of Rs 199.71 crore and a net profit of Rs 22.33 crore for the quarter ended Dec '15
Tinplate Company of India has reported a sales total income from operations of Rs 228.64 crore and a net profit of Rs 21.08 crore for the quarter ended Sep '15