“Pig Iron demand and prices in domestic market might be stable in Quarter 3 and low prices of coke and coal has added as an advantage”, said Mr. Harsh Jha, Managing Director at Tata Metaliks Ltd.
“One of the furnaces at Kharagpur plant was unoperational during Q2, resulting in 50% production cut. It resumed operations on the 30th of September”, he added.
TML posted a loss of Rs 8.41 crore in Q3 and Rs 16 crore in April to Sep 12. Sales was down by 45.37% in Q2.
Its production from Maharashtra plant is on hold currently due on availability of iron ore.
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