Tata Sponge Iron Ltd has posted a 77.43 per cent increase in net profit at Rs 29.33 crore for the quarter ended June 2008, as compared to Rs 16.53 crore posted in the corresponding quarter last year (2007-2008).


</p><tr><td><p class='TableClas'></p><P class='TableClas'> <DIV CLASS=rightDiv><script language="JavaScript">
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		<script type="text/javascript" src="http://pagead2.googlesyndication.com/pagead/show_ads.js">
		</script> </DIV><p class='TableClas'>Total income of the company has increased 11 per cent at Rs 114.56 crore, as compared to Rs 103.20 crore posted in the first quarter last year.</P>
</p><p class='TableClas'>The Orissa based company is a joint venture of Tata Steel and the Industrial Promotion and Investment Corporation of Orissa Ltd (IPICOL).<BR></P></p></table>


Tata Sponge net up 77% to Rs 29.3 cr

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