In an interview to CNBC-TV18, Sanjay Pattnaik, MD of Tata Sponge said that the company received environment nod to raise capacity to 425,000 tonne per annum from 390,000 tonne per annum.

Rise in sponge iron prices to benefit Tata's EBITDA show in Q2

Sponge iron prices have risen sharply over the last three weeks or so due to demand improvement and likely some supply shortages arising out of higher exports, says Tata Sponge's Managing Director DP Deshpande.

Sponge iron ore price rise to reflect in EBITDA: Tata Sponge

Deshpande says 50-60 percent of the price hike will reflect directly in the company's operating profits. Operating profit per tonne should improve to Rs 1,300-1,400 over the longer term and Rs 900 in the medium term

Coal India allots coal linkages to Tata Sponge

DP Deshpande, Managing Director of Tata Sponge, said that coal linkages secures the company for the next five years at 24,000 tonnes per year.

Budget 2016: Will pass on 80% of additional clean energy cess: Tata Sponge

Tata Sponge is likely to absorb only 10-20 percent of the added cost and the rest will passed-on to the customers, said Managing Director DP Deshpande.