Achieves the milestone of lowest cost pig iron producer The record high injection of pulverised coal has led to a structural reduction in Tata Metalik's (TML) upstream cost thereby making it the lowest cost producer of pig iron in India. Multiple price hikes for foundry grade pig iron and low coking coal cost further led to record high pig iron spreads and highest quarterly profit in 2QFY21. The partial repayment of debt has strengthened TML's balance sheet making it net cash. With robust outlook on long term demand for DI pipes, lowest production cost, impeccable capital allocation and superior corporate governance, we maintain our...