1.20 (0.64%) Tata Pigments, a wholly owned subsidiary of Tata Steel, has surpassed the previous records of production and sales in the financial year 2014-15 and created new records. Besides, this is the first time Tata Pigments has crossed a total turnover figure of Rs 100 crore.
Tata Pigments has produced prime pigments of 3,653 tonnes during the financial year 2014-15 as against 3,529 tonnes in the previous year, registering a growth of 3.51 percent. Total sales - pigments & paints is 18,904 tonnes during the financial year 2014-15 as against 17,586 tonnes for the previous year, registering a growth of 7.50 percent. In the industrial decorative & coating services (IDCS) business, the company has achieved a business of Rs 20 crore by registering a growth of 20 percent over the last year.
During the last six years, the company’s turnover has gone up from Rs 32 crore in FY2009 to Rs 100 crore in FY2015, a growth of 212 percent over FY2009.
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.