Tata Metaliks has reported results for first quarter ended June 30, 2014.
The company’s net profit jumped 42 fold at Rs 32.38 crore as compared to Rs 0.77 crore for the quarter ended June 30, 2013. Its total income from operations has increased marginally by 1.38% to Rs 284.75 crore for the quarter under review from Rs 280.87 crore for the corresponding quarter of the previous year.
Tata Metaliks was set up as a joint venture between Tata Steel and WBIDC (West Bengal Industrial Development Corporation) to manufacture pig iron at its plant at Kharagpur, West Bengal. It has two plants at present, one located at Kharagpur (West Bengal) and the other at Redi (Maharashtra).
