New Delhi, Apr 14 (PTI) Tata Metaliks Ltd on Wednesday posted Rs 74.99 crore net profit for the quarter ended March 31, 2021, a fall of 2.66 per cent.

The company's profit for the corresponding period in 2019-20 was at Rs 77.04 crore, Tata Metaliks Ltd said in a BSE filing. 

During the period under review, its total income was at Rs 663.64 crore, up from Rs 524.25 crore in the year-ago quarter. 

Its total expenses rose to Rs 539.71 crore from Rs 427.75 crore a year ago.  

A subsidiary of Tata Steel, Tata Metaliks has its manufacturing plant at Kharagpur, West Bengal, which produces the pig iron and ductile iron pipes in India. 

The plant's annual hot metal production capacity is 5,00,000 tonnes, out of which 2,00,000 tonnes is converted into Ductile Iron (DI) pipes and 3,00,000 tonnes into pig iron.

(The above story is verified and authored by Press Trust of India (PTI) staff. PTI, India’s premier news agency, employs more than 400 journalists and 500 stringers to cover almost every district and small town in India.. The views appearing in the above post do not reflect the opinions of LatestLY)