Tata Sponge Iron has reported results for first quarter ended June 30, 2012.
The company has registered a surge of 31.93% in its net profit at Rs 29.71 crore for the quarter under review as compared to Rs 22.52 crore for the same quarter in the previous year. Total income from operation of the company has increased by 29.74% at Rs 189.02 crore for Q1FY13 as compared to Rs 145.69 crore for the corresponding quarter previous year.
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.
