You are here: Home >> English News & Features >> BUSINESS & ECONOMY

‘Many iron ore mines will be auctioned in Mar 2020’

DNMUM439652 | 7/22/2019 | Author : Swati Khandelwal | WC :911

Q & A Sandeep Kumar managing director, Tata Metaliks

Sandeep Kumar, managing director, Tata Metaliks, speaks about the quarterly performance of the company, impact of iron ore prices on the margins and availability of coking coal during an interview with Swati Khandelwal.
Tata Metaliks has posted reported a decline of 35% in its Profit After Tax (PAT). What was the reason for this?
The operational performance of the first quarter of this fiscal was good in all aspects. There is an 8% increase in hot-metal production and a 14% increase in the sales of our major pipe business, including pig iron and ductile iron pipe business. Operational performance and coke rate are better, but the major reason that dragged down the profitability is the market sprea
Read full story



Copyright restricted. Under license from www.dnasyndication.com   
Add To Lightbox
Calculate Price

More on BUSINESS & ECONOMY

Home loan: Pick HFCs over banks
DNMUM441441 | 8/19/2019 12:00:00 AM | Author : Abeer Ray | WC :903

Customers looking to borrow home loans either apply from banks or non-banking housing finance companies (NBFCs). However, seeking loans from any of them involves myriad factors that one must know. Choosing between banks and NBFCs for home loans
Add To LightboxCalculate Price

‘It’s not a doomsday scenario for FMCG cos’
DNMUM441442 | 8/19/2019 12:00:00 AM | Author : Ashish K Tiwari | WC :1622

One of the things that the top executive of the fast-moving consumer goods (FMCG) firm Marico drives is ‘boringly consistent’ in terms of growth in volumes and profitability. Saugata Gupta, managing director and chief executive officer, M
Add To LightboxCalculate Price

Over 4 lakh affordable houses unsold
DNMUM441446 | 8/19/2019 12:00:00 AM | Author : DNA Correspondent | WC :180

Mumbai: The inventory pile-up is not restricted to luxury apartments only as there are over four lakh apartments in the affordable segment still lying unsold across nine cities in the country. However, there is some good news for the latter. Th
Add To LightboxCalculate Price

St may stabilise as FPI exodus slows
DNMUM441447 | 8/19/2019 12:00:00 AM | Author : DNA Correspondent | WC :269

Mumbai: As the volatility has started showing signs of reversal on the back of reduced selling by foreign portfolio investors (FPIs), Nifty may see consolidation around 11000 this week, according to market experts.Dharmesh Shah, head – techn

Add To LightboxCalculate Price