TCIL Narrows Q2 Net Loss
The Tin Plate Company of India Ltd (TCIL) announced a narrower net loss of Rs 22.9 million for the September quarter, a significant improvement compared to the Rs 351 million loss in the same period last year, as disclosed in a regulatory filing. The company's total income saw a slight decline from Rs 9.7177 billion to Rs 9.5995 billion in the year-on-year comparison.
During the first quarter of the current fiscal year, TCIL managed to reduce its expenses from Rs 10.1 billion in the previous year to Rs 9.63 billion. TCIL, headquartered in Kolkata and a prominent tinplate producer, is primarily under the ownership of Tata Steel, a major player in the Indian steel industry.
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