Premium
This is an archive article published on July 20, 2012

Tata Sponge Iron Q1 net profit up 32%

Tata Sponge Iron's total production capacity now stands at 3.9 lakh tonne a year.

google-preferred-btn

Tata Sponge Iron on Friday reported 32 per cent rise in net profit at Rs 29.71 crore for the quarter ended June 30 on higher sales.

The company,a Tata Steel associate firm,had clocked Rs 22.52 crore net profit in the corresponding period a year ago,it said in a BSE filing.

Income of the company rose to Rs 189 crore during the quarter under review compared to Rs 146 crore in the April- June period of the last fiscal.

Story continues below this ad

Tata Sponge Iron’s total expenses increased to Rs 152 crore in the June quarter against Rs 117 crore in the year-ago period.

Tata Sponge Iron has manufacturing facility at Bilaipada in Odisha. It was initially set up as a joint venture company between Tata Steel and the Industrial Promotion and Investment Corporation of Orissa Limited (IPICOL).

However,in 1991,Tata Steel bought out IPICOL’s stake and made it an associate firm.

Tata Sponge Iron’s total production capacity now stands at 3.9 lakh tonne a year and a 26 MW power generation

Latest Comment
Post Comment
Read Comments
Advertisement
Live Blog
PHOTOS
In pics: From concept supercars to electronic SUV's: Bharat Mobility Global Expo 2025 was all about innovation
In Pics: From Concept Supercars to Electric SUVs – Innovation at Bharat Mobility Global Expo 2025
Top Stories
Truth about stampede will come out soon, says actor Vijay. PTI JSP JSP ROH
In first message since deadly Karur stampede, Vijay says 'truth will come out soon'
Bihar SIR
Bihar SIR: Election Commission releases final electoral roll ahead of assembly election
Avika Gor Milind Chandwani first wedding photos
EntertainmentBalika Vadhu actress Avika Gor marries Milind Chandwani on national TV: See first photos
Vijay
EntertainmentVijay's Karur rally stampede: The problem of star worship and celebrity obsession is at the heart of the tragedy
Although no action was taken on the spot due to the late hour, instructions were later issued to the Madhav Nagar police to initiate legal proceedings against the man (Image source: @tyagivinit/X)
Trending‘Cancel his licence’: MP man 'dangles' his 9-year-old son outside moving car for ‘fun’, apologises later
Indian woman gets fired in 2 days after relocating to Munich for internship
TrendingIndian woman relocates to Munich for internship, gets fired in just 2 days; shares experience on Instagram: ‘The mental toll it takes on you’
India Women vs Sri Lanka Women Live: India start their World Cup campaign in Colombo against the co-hosts.
SportsIndia-W vs Sri Lanka-W Live Cricket Score, ICC Women's World Cup 2025: IND to bat first as SL win toss
Suryakumar
Sports'Trophy leke bhaag gaye woh': Suryakumar Yadav on the bizarre Asia Cup award presentation
By treating cricket as war, India and Pakistan do the game a disservice
OpinionBy treating cricket as war, India and Pakistan do the game a disservice
Indian Ocean
India wins second mineral exploration contract in the Indian Ocean: What is this, why it matters
Parmeet Sethi
LifestyleParmeet Sethi shares health tip with Yogita Bihani: 'Jab bhi koi salad ho...'
A hydrogen fuel cell car refueling - quick like petrol, but clean like renewables. (Image: FreePik)
TechnologyHydrogen revolution: How the clean fuel could power our future
Advertisement
Must Read
SportsIndia-W vs Sri Lanka-W Live Cricket Score, ICC Women's World Cup 2025: IND to bat first as SL win toss
India Women vs Sri Lanka Women Live: India start their World Cup campaign in Colombo against the co-hosts.
Sports'Trophy leke bhaag gaye woh': Suryakumar Yadav on the bizarre Asia Cup award presentation
Suryakumar
SportsSuryakumar Yadav interview: 'It was very important to take a stand (against Pakistan)... Everyone in the team thought the same'
Suryakumar
TechnologyHydrogen revolution: How the clean fuel could power our future
A hydrogen fuel cell car refueling - quick like petrol, but clean like renewables. (Image: FreePik)
TechnologyiPhone 17 review: Apple finally brings Pro-level power to its regular phone
Sage-green iPhone 17 shown outdoors, highlighting its sleek dual-camera design and pastel finish. (Image: Bijin Jose/The Indian Express)
TechnologyChatGPT unveils ‘Instant Checkout’ feature, simplifying purchases within chats
OpenAI mentioned in a blog post that the product outcomes it presents are “natural and unsponsored, ranked solely on user relevance,” and it plans to impose a “small fee” on merchants for completed purchases.(Express Photo)
LifestyleParmeet Sethi shares health tip with Yogita Bihani: 'Jab bhi koi salad ho...'
Parmeet Sethi
Advertisement
Buzzing Now
Trending‘Cancel his licence’: MP man 'dangles' his 9-year-old son outside moving car for ‘fun’, apologises later
Although no action was taken on the spot due to the late hour, instructions were later issued to the Madhav Nagar police to initiate legal proceedings against the man (Image source: @tyagivinit/X)
TrendingIndian woman relocates to Munich for internship, gets fired in just 2 days; shares experience on Instagram: ‘The mental toll it takes on you’
Indian woman gets fired in 2 days after relocating to Munich for internship
Trending‘When you don’t have infrastructure’: Bihar teacher conducts mock test on Ganga river bank, video sparks debate
Several social media users backed the teacher, calling it an "innovative" way of learning for students (Image source: @iAnkurSingh/X)
Trending‘Giving bad name to our country’: Author slams fellow Indians for talking loudly on phone in premium lounge at Nairobi airport
A recent incident captures a scene from Nairobi Airport, Kenya, showing two Indians talking loudly on their respective mobile phones at the premium lounge (Image source: @TopDriverIndia/X)
Trending‘Welcome to pothole city’: Bengaluru infra in spotlight again after ‘repaired’ road crumbles in 48 hours, sparks outrage
Bengaluru repaired road crumbles in 48 hours
Advertisement