Tata Metaliks announced that one of the company's blast furnaces and its associated facilities in Kharagpur plant is undergoing a planned shutdown, in phases, for repair & maintenance including hearth profilingfrom today i.e. 19 September 2020. The operations are expected to be back on stream in 2nd half of October, 2020.

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Net sales during the quarter declined 57.9% on a year-on-year basis (YoY) to Rs 209.94 crore. On the segmental front, Pig Iron revenue was at Rs 138.14 crore (down 64% YoY) while the Ductile Iron Pipe revenues came in at Rs 120.73 crore (down 53% YoY) in the first quarter of the financial year 2020-21.

Pre-tax loss stood at Rs 16.63 crore in Q1 June 2020 compared with pre-tax profit of Rs 27.31 crore in Q1 June 2019.

Tata Metaliks manufactures pig iron and ductile iron pipes.

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Tata Metaliks announced that the 30th Annual General Meeting (AGM) of the company will be held on 7 September 2020.

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Net loss of Tata Metaliks reported to Rs 12.36 crore in the quarter ended June 2020 as against net profit of Rs 19.62 crore during the previous quarter ended June 2019. Sales declined 57.93% to Rs 209.94 crore in the quarter ended June 2020 as against Rs 499.03 crore during the previous quarter ended June 2019.

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