"Such companies are likely to have reduced cost of steel production by around Rs 1,800 per tonne YoY in 2HFY21, supported by the reduced cost of coking coal per tonne of around Rs 7,300," Ind-Ra said in a report.
The company’s revenue for the first half of the fiscal went up to Rs 2,113 crore, up 67 per cent Y-o-Y, while net profit jumped 475 per cent to Rs 414 crore Y-o-Y.