Vardhman Industries’ arm installs second largest integrated manufacturing facility

Vardhman Industries - subsidiary - Vallabh Tinplate has setup the second largest integrated manufacturing facility of tinplate and tin mill black plate in the state of Punjab with a capacity of 100,000 TPA. The company has installed latest state of the art plant imported from Germany, South Korea, USA and China. The project has already started commercial operations in the second quarter of financial year 2012-13.

Besides, the project has already been approved as mega project and is eligible for incentives as per Mega Project Scheme of Punjab Government. The company has already inked an MOU with Punjab Government for grant of incentives. The company has already started catering to the demands of oil can sector of domestic market and has future plans to enter in non oil can segments with value added products.

The present size of tinplate market in India is approx 5 lakh TPA, 60% of which is met through domestic production (mainly TCIL) and rest is imported. The company’s products shall be import substitute for Indian Tinplate Market.