December 03, 2008

Tayo Rolls to start operation of Jharkhand unit by 2008 end

It is reported that Tayo Rolls' forged rolls manufacturing facility at Adityapur Complex in Jharkhand is expected to go on stream by end of 2008.

For the proposed INR 142.5 crore project, Tayo Rolls has forged a technology tie up with Sheffield Forgemasters International of UK for technology transfer for manufacture of forging quality ingots, including round ingots, forged bars, engineering forgings and forged rolls.

TATA Steel and TATA Group companies hold 39% of the equity stake in Tayo Rolls while Yodogawa holds 10%. Sojitz Corporation has 2% of the equity stake in Tayo Rolls while the balance is held by the public.