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Tata Metaliks third quarter net profit up 55 per cent to Rs 75 crore


Higher margins boosted the pig iron and ductile pipe maker Tata Metaliks Ltd s net profit to Rs 75.18 crore for the third quarter ended December 2020, a jump of 55 per cent over the corresponding quarter of last year, the company said on Tuesday.
Revenue from operations was Rs 526 crore for the quarter, marginally higher from Rs 518 crore registered in the corresponding period of FY20.
Tata Metaliks Limited, a subsidiary of Tata Steel has its manufacturing facilities at Kharagpur, West Bengal. It produces pig iron and DI pipes. The plant annually produces around 550,000 tonne of hot metal, of which over 200,000 tonne is converted into DI Pipes and the rest into Pig Iron. ....

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