high quality of life: Tata Metal arm TCIL Q2 web loss narrows to Rs 2.29 crore

The Tin Plate Firm of India Ltd (TCIL) on Monday mentioned its web loss had narrowed to Rs 2.29 crore within the September quarter. It had clocked a web lack of Rs 35.10 crore in the course of the July-September interval of the previous monetary yr, TCIL mentioned in a regulatory submitting.

The corporate earned a complete earnings of Rs 959.95 crore, down from Rs 971.77 crore within the year-ago interval.

Its bills declined to Rs 963.07 crore within the first quarter of the present fiscal from Rs 1,018.27 crore final yr.

Home metal main Tata Metal owns a majority stake within the Kolkata-headquartered TCIL, a tinplate producer. From its plant in Jamshedpur (Jharkhand), TCIL caters to 40 per cent of the general home market and exports 15-20 per cent of its gross sales to completely different nations.

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