Monnet Ispat & Energy (MIEL) has reported unaudited results for the second quarter ended September 30, 2011.
The company has reported 17% rise in its second quarter’s net profit at Rs 76.94 crore against Rs 65.60 for the same period last year. Its total income during the quarter also rose by 27.14% to Rs 458.55 crore against Rs 360.65 crore in the corresponding quarter of last fiscal.
Monnet Ispat is the flagship company of the well diversified Monnet Group. The group currently manages manufacturing units for sponge iron, steel melting and rolling mill, ferro-alloys plant, power generation units, mining and mineral beneficiation of coal, iron ore and other minerals.
