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03 May
13:49

Tata Tinplate profit dips in latest fiscal year

Tata Steel India’s packaging arm, The Tinplate Company of India Limited (TCIL), saw its profit fall year-on-year in the fourth quarter of its 2018-2019 financial year ending 31 March 2019, Kallanish notes. A surge in sales over the full fiscal could not prevent a similar fall in profit over the full year as the cost of materials consumed exploded y-o-y. As with other Tata Steel Indian subsidiaries TCIL has a separate listing on the Indian stock e…
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