Tata Steel Ltd.

Tata Steel has introduced branded silico-manganese products on August 22, 2012, in order to tap the estimated Rs 3,000-crore unorganized silico manganese market. Silico manganese is widely used in long-steel products, which are used for construction purposes.

The company aims to gain 18 to 20% market share in the first year for this product. It will be launching the products in Raipur, Kanpur and other parts of the country in the next six months.

The company has reported a fall of 38.88% in its net profit at Rs 1356.56 crore for first quarter ended June 30, 2012 as compared to a net profit of Rs 2219.43 crore for the same quarter in the previous year. However, the total income from operation of the company has increased by 11.62% at Rs 9059.92 crore for Q1FY13 as compared Rs 8116.61 crore for the corresponding quarter previous year.