Tinplate Company of India Ltd share Price

Incorporated in Jan.`20 as a private limited company, Tinplate Company of India (TCIL) became a public limited company in Dec.`68. TCIL`s existing plant was established in 1922 and employed the technology available at that time. Production commenced in Dec.`22. In 1973, it was decided to establish a new electrolytic tinning-cum-tin free steel combination coating line on the surplus land at the existing plant to produce tinplate and tin-free steel (chromium-coated plates). It was decided to use the Ferrostan process to manufacture tinplate using phenol sulphonic acid electrolyte system and the TFS-III process to manufacture tin-free steel using chromic acid as electrolyte. During 1999-2000, with the help of specialists from Tata Steel a major productivity programme called " Total Operational Performance" (TOP) was taken, the benefits of which will be evident in future years. In 200-2001 the company received the First Prize for achieving excellence in productivity and Certificate for safety,from Confederation of Indian Industry,Eastern Region for the year.A suitable initiative for ensuring an effective enforcement of statutory regulations in regard to import of Seconds and Waste will be taken by the company in the near future. The company has upgraded one of its facilities-One additional Annealing base at CRM at a cost of Rs.9 crores. The project was executed as per schedule and was financed by way of internal generations. It has also signed a Technical agreement with Japanese Steel major,Nippon Steel Corporation for support. The company has a similar arrangement with French Steel major Usinor. It is planning to increase the capacity in another 2 years to 1.45 lakh tonnes. The estimated outlay of the expansion would be Rs.36 crore.