Tata Sponge Update by Epic Research

Tata Sponge Iron is set to increase its product prices in the coming days following a revision of mining royalty rates. Royalty rates for iron-ore mining have been revised to 15% from 10%. The upward revision in royalty charges will lead to increased production costs for sponge iron units. This, in turn, is expected to lead to a price rise.



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Posted in: Indian Market Tips