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Tata Sponge Iron has reported results for third quarter ended December 31, 2012.

The company has reported 22.57% rise in its net profit at Rs 20.58 crore for the quarter as compared to Rs 16.79 crore for the same quarter in the previous year.  Total income of the company has increased by 52.78% at Rs 199.78 crore for quarter under review as compared to Rs 130.76 crore for the quarter ended December 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.

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