Tata Sponge Iron has reported results for third quarter ended December 31, 2013.
The company has reported 18.12% rise in its net profit at Rs 24.31 crore for the quarter as compared to Rs 20.58 crore for the same quarter in the previous year. However, total income from operation of the company has decreased by 0.68% at Rs 198.42 crore for quarter under review as compared to Rs 199.78 crore for the quarter ended December 31, 2012.
Tata Sponge Iron is engaged in business of manufacturing high-grade sponge iron that is consistent in quality. The company has an annual manufacturing capacity of 390,000 tonnes of sponge iron from its three kilns. Its production plant is situated at Bilaipada in Orissa.
The company has reported 18.12% rise in its net profit at Rs 24.31 crore for the quarter as compared to Rs 20.58 crore for the same quarter in the previous year. However, total income from operation of the company has decreased by 0.68% at Rs 198.42 crore for quarter under review as compared to Rs 199.78 crore for the quarter ended December 31, 2012.
Tata Sponge Iron is engaged in business of manufacturing high-grade sponge iron that is consistent in quality. The company has an annual manufacturing capacity of 390,000 tonnes of sponge iron from its three kilns. Its production plant is situated at Bilaipada in Orissa.
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