Interest outflow declined from Rs 14.31 Cr in 2002-03 to Rs 5.03 Cr, a 64.85 percent drop mainly on account of net of derivative gains. As a result, interest cover improved from 10.68 in 2002-03 to 27.10 in 2003-04.

DI pipe production increased from 159,307 tonnes in 2002-03 to 164,370 tonnes.

Pig iron production increased from 178,367 tonnes in 2002-03 to 179,461 tonnes.

Turnover of turnkey projects increased from rs 69.19 Cr in 2002-03 to rs 121.33 Cr.

Profit after tax increased by 15.19 per cent to Rs. 97.46 cr. ($ 21.66 million, approx. * )

Exports increased from Rs. 82.64 cr ($ 18.36 million, approx. * ) in the previous year to Rs. 121.10 cr ($ 26.91 million, approx. * ) in the year 2002 - 03.

Production of ductile iron pipes increased from 127,510 tonnes in 2001-02 to 159,307 tonnes in the year 2002-03.

Pig iron production increased from 165924 tonnes in 2001-02 to 178367 tonnes during the year under review.

There has been a substantial reduction in the use of LDO as a fuel in the mini-blast furnace, which has been substituted by surplus blast furnace gas.

An uninterrupted seven-day production week was introduced from the fourth quarter of the current year, which has reduced the energy consumption.

Revenues from the turnkey projects increased by 44.93 per cent to Rs. 63.19 cr. ($ 14.04 million, approx. * )

The company completed and handed over projects worth Rs. 100 crores ($ 22.22 million, approx. * ), including the Rs. 65 crore ($ 14.44 million, approx. * ) project of Bangalore Water Supply and Sewerage Board.