TATA Metaliks Pig iron & Pipe sales drop in FY21

Tata Metaliks Limited (TML) – a subsidiary of Tata Steel, has registered a slight drop in pig iron sales by 8.5% y-o-y to 2,87,000 t in FY21. It has also reported 11% y-o-y fall in DI Pipe sales 1,94,000 t in FY21. However the company’s PAT registered sharp growth to INR 219.81 Cr in FY21 against INR 165.96 Cr during FY20. Market demand remained robust which along with stable blast furnace operations, raw materials cost optimization, lower fuel rates & higher coal injection have helped the company achieve its best ever quarterly profits. TML has an annual production capacity of around 550,000 t of hot metal, out of which over 200,000 t is converted into DI Pipes and the rest into Pig Iron.