Kolkata: Tata Metaliks Limited (“TML”) on July 25, 2017, declared its Financial Results for the first quarter of FY 2018 (Q1 FY’18). The company recorded deliveries of 52,731 tonnes of Pig Iron and 49,036 tonnes of DI Pipe for the quarter. Turnover for the quarter was Rs.408 crores.
(Figures in Rs. crores unless specified)
Managing Director’s Comments
Mr Sandeep Kumar, Managing Director of Tata Metaliks Limited said: “The Company’s DI pipe division’s operational and market performance is expected to raise Company’s performance year on year despite some operational issues in closing the deliveries in Q1 FY’18 due to GST-related issues. Company’s order book in DI pipes is comfortable and is expected to improve further in view of robust market demand in water and irrigation sectors. However, volatility in coal and coke prices and rather muted demand of pig iron are areas of concern for the Company. Various growth and efficiency-related capital projects commissioned in FY’17 would provide necessary support in the current financial year in making the Company competitive at the marketplace and delivering the desired financial targets.”
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