Tata Sponge has reported 8% increase in production of sponge iron to record 3.9 lakh tonnes in 2016-2017 compared to 3.6 lakh tonnes in the preceding fiscal. Besides, the company’s sponge iron sales increased by 7.4% to 3.93 lakh tonnes as against 3.66 lakh tonnes in the previous year.
Tata Sponge Iron produces and sells sponge iron in India. The company offers sponge iron to secondary steel sector for the production of steel. It also operates two power plants with a combined generation capacity of 26 MW that generate power from waste heat.
