Di pipe merger to benefit bottom-line profits_ tata metaliks md – moneycontrol. com

Speaking to CNBC-TV18, Sanjiv Paul, company’s Chief said the DI Pipe merger will benefit the bottom-line profits and also result in operational and taxation benefits.

On the pig iron front, he said the quarter three has been the worst. Housing benefit new claim Rising coking coal prices have hurt the profitability of pig iron business.

Nigel: The news that we got yesterday was that the DI Pipes subsidiary will be merged with itself.

Housing benefit law Could you tell us what are the benefits in terms of operations and in terms of taxation and also if you could give us a number in terms of bottomline, what can it add?

A: DI Pipes subsidiary was Tata Metaliks and Kubota Pipes of Japan had formed a 51:41 joint venture in 2008-2009 and in 2013 Kubota had bought up and this became 100 percent subsidiary of Tata Metaliks.

Therefore, we have now amalgamated it back into the main company and there will surely be synergies in terms of cost, in terms of management bandwidth that we will get out of this amalgamation. Housing and council tax benefit The biggest synergy primarily would be the tax savings that will happen on account of the excise incidence that happened. What do you need to claim housing benefit When we sell hot metal from Tata Metaliks to Tata Metaliks DI Pipes, which was the subsidiary, for which hot metal becomes a raw material and DI Pipes being tax exempt, excise exempt, this was getting lost, this would be a saving instance. Housing benefit how to claim And there are other cost advantages also in terms of Tata Metaliks produces power, Tata Metaliks DI Pipes consumes power, being two different legal entities, we were not in a position to transfer that power directly. Housing benefit for single mum Now we would be. Dual housing benefit So there would be some other advantages also.

Reema: To your bottomline, what could be the benefit of these cost synergies and tax savings etc? How much can it add to the company’s profitability?

Reema: Coming on to the pig iron business, could you tell us how this quarter has shaped up for you. Housing benefit eligibility criteria Currently what the realisations are and what is the trend on the volumes?

A: On the pig iron front, this quarter has been one of the worst that there could be. Online housing benefit form Plus, for pig iron, 55-60 percent of the cost is the cost of coke that we buy, metallurgical coke. Single parent housing benefit rules That coke lasts maybe 2-2.5 months has risen by 200 percent maybe more. Can i get housing benefit with no income And with not enough of a demand pull, we have not been able to pass through this cost to the customer. Savings housing benefit So, margins have been under tremendous pressure. How is housing benefit worked out In fact we have had to put down one of our furnaces. Housing benefit payments But that was part of a larger plan itself. Housing benefit online calculator We have put down one of the furnaces and it will come back by the middle of February. Housing benefit in uk It will be a bigger, more efficient furnace. Housing benefit department But this quarter, in terms of pig iron business has not really been very hot.

Nigel: Then let us talk about the other business, the DI Pipes business. Can i claim housing benefit online Pig iron, unfortunate because it was improving in the last couple of quarters. Calculate my housing benefit Coke prices clearly are hurting. Housing benefit application form online What about the ductile pipes business? What is the current capacity utilisation in that business? Post demonetisation has there been any kind of impact? How are things shaping up over there because I remember on your quarterly basis, for your ductile you used to do around Rs 15-25 crore, that has been gradually coming down so give us some guidance on that front.

A: This ductile iron pipe is slightly longer term business in the sense that we get contracts for longer period. How long does a housing benefit claim take It has remained steady but there is a cash crunch in the market so offtake, dispatches have been a bit slow because transporters have issues. Housing benefit and council tax benefit Customers are having issues. Emergency housing benefit payment People who are laying down these pipes, they are having problems in paying their labourers etc. Housing benefit age So, it has slowed down a bit, but I do not think it should continue for long. Housing benefit when working This should pick up. Who can apply for housing benefit This quarter has been okay and the next quarter would be better.

Reema: Your finance costs were also lower in the quarter gone by. Apply for jsa and housing benefit If you could give us an update on the company’s debt situation and any plans to further bring down the debt?

A: We have been on this effort to continuously bring down the debt and it is because of that that the finance cost is low. How do i get housing benefit And we will stay on course with this effort and ultimately bring the debt equity to 1:1. Eligibility for housing benefit So, that effort will remain on.

Nigel: Could you tell us what is the capacity utilisation of your ductile pipes business, that is question number one. Housing benefit number derby You were doing some expansion as well, when will that come about and what is your order book?

A: The expansion that we were talking about has happened. Entitled to housing benefit We commissioned that in August this year. Housing benefit on low income And capacity utilisation is 100 percent, so we are doing fine there.