In an interview to CNBC-TV18, Sandeep Kumar, MD of Tata Metaliks spoke about the latest happenings in the company and the sector.
Tata Metaliks has followed up a weak Q1 with strong numbers this time around. Topline has expanded nearly 40 percent and profits are up 55 percent. Lower other expenses too have boosted earnings.
Tata Metaliks is a stock in focus with the stock up 20 percent odd this month alone. In an interview to CNBC-TV18, Sandeep Kumar, MD of Tata Metaliks spoke about the latest happenings in the company and his outlook going ahead.
Tata Metaliks is in focus on the back of weak Q1 results. In an interview to CNBC-TV18, Sandeep Kumar, MD of the company spoke about the results and gave his outlook for the company.
Sanjiv Paul, MD, Tata Metaliks said spike in coal and coke prices, comprising 55 percent of the total costs, combined with demonetisation impacted the numbers negatively.
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.
Merger with Tata Steel fell through due to inordinate delays, says Tata Metaliks Managing Director Sanjiv Paul. He hopes that the application for merger with its subsidiary Tata Metaliks DI Pipes will get approval soon.
Sanjiv Paul, Managing Director at Tata Metaliks said, the company hopes that the spreads, that have narrowed down significantly, remain steady if not improve in the coming quarters
Sanjiv Paul, MD of Tata Metaliks says that lack of structural changes, like new projects, is dragging the demand.
"Private investment comes when you have infrastructure development," Mitra says in an interview to CNBC-TV18, adding that capital expenditure has risen more than six-fold to Rs 13,325 crore since the time Trinamool Congress came to power in 2011
In an interview to CNBC-TV18, Mitra discussed a whole host of issues: the state's economy, policy and well as the TMC government's stand on contentious issues such as the land bill.
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 to CNBC-TV18, Sanjiv Paul, MD of Tata Metaliks spoke about company's Q4 earnings with Ekta Batra and Anuj Singhal.
"There has been a substantial improvement in the ductile business. There is considerable efficiency improvements that we have brought in with respect to cost," Sanjiv Paul, MD, Tata Metaliks said.
In an interview with CNBC-TV18, Subhra Sen Gupta, chief financial officer of Tata Metaliks, spoke about the company's results and the road ahead.