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Tata Steel’s arm to invest Rs 1,787 crore for setting up manufacturing facility in Jamshedpur

30 Dec 2023 Evaluate

Tata Steel’s subsidiary -- Tinplate Company of India (TCIL) is all set to invest Rs 1,787 crore for setting up a 3-lakh-tonnes-per-annum manufacturing facility in Jharkhand's Jamshedpur. The facility, an expansion project, is scheduled for commissioning in 2026. The facility will not only enhance Tinplate's manufacturing capabilities with advanced technology and automation, but also contribute significantly to both domestic and export markets, bolstering the state's industrial growth.

Tata Steel, the flagship company of the Tata group, is the first integrated steel plant in Asia and is now the world’s second most geographically diversified steel producer and a Fortune 500 company.

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