Adhunik Metaliks (AML)
reported a consolidated net sales of Rs 483 cr. Increase in pig iron and rolled
steel sales volumes pushed the company's standalone revenue by 11% yoy to
Rs 380 cr (Rs 342 cr).
Pig iron sales increases
by 90% yoy and rolled steel by 4% yoy. However, there was decrease in volume of
billets by 24% yoy and ferro alloys by 85% yoy
Orissa
Manganese & Minerals Limited (OMML) a 100 per cent subsidiary
of Adhunik Metaliks Limited however posted a lower revenue growth of 6% yoy
largely due to decline in iron ore and manganese ore realisation. Manganese ore
operations continued to be impacted by mining issues in Orissa.
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