Tata Sponge Iron has reported results for fourth quarter ended March 31, 2012
The Company has posted a fall of 65.79% in its net profit at Rs 14.65 crore for the quarter ended March 31, 2012 as compared to Rs 42.82 crore for the same quarter in the previous year. Total income has decreased by 5.67% at Rs 183.77 crore for quarter under review as compared to Rs 194.82 crore for the quarter ended March 31, 2011.
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.
