Tayo Rolls has deposited Rs 63.81 crore towards dues to the banks. Recently, the company had received an approval to allot 3,80,000 7.17% Non-cumulative Redeemable Preference Shares of Rs 100 each aggregating to Rs 3.80 crore to Tata Steel, the Promoter on Preferential basis. The Committee of the Board at its meeting held on June 22, 2017 had approved for the same.
Tayo Rolls is a metal fabrication and processing company headquartered in Jamshedpur, India and a subsidiary of Tata Steel. Tayo Rolls’ products are primarily cast rolls, forged rolls, special castings and pig iron.