Tata Steel has acquired seven crore and forty lakh Non-cumulative, Non-convertible, Non-participating, Redeemable Preference Shares of face value INR10 each of TRF Limited, a listed associate company of Tata Steel, aggregating to INR 74 crore, on private placement basis. The NCRPS are being acquired to assist TRF in meeting its additional working capital requirements, repayment or prepayment of the whole or a part of the existing indebtedness of TRF and for other general corporate purposes.TRF has been engaged in the business of designing and manufacturing of bulk material handling systems and equipment for core sector industries such as power, ports, steel, mining, and cement for projects undertaken on Turnkey basis. The equipment includes Crushers, Screens, Feeders, Conveying equipment, Mining equipment, Wagon tippler systems and Stacker reclaimer. TRF primary operates in the following areas⦁ Electromechanical jobs⦁ Industrial structure and fabrication⦁ Life Cycle Services and allied servicesElectro-mechanical jobs and Industrial fabrication specialize in design, manufacture, erection and commissioning of units or equipment, Life cycle services helps meet the post commissioning requirement of customerThe manufacturing facility of TRF is located at Jamshedpur works on a 21-acre area at Burmamines locality. The revenue of TRF FY2021-22 was INR 127.14 crore
Tata Steel has acquired seven crore and forty lakh Non-cumulative, Non-convertible, Non-participating, Redeemable Preference Shares of face value INR10 each of TRF Limited, a listed associate company of Tata Steel, aggregating to INR 74 crore, on private placement basis. The NCRPS are being acquired to assist TRF in meeting its additional working capital requirements, repayment or prepayment of the whole or a part of the existing indebtedness of TRF and for other general corporate purposes.TRF has been engaged in the business of designing and manufacturing of bulk material handling systems and equipment for core sector industries such as power, ports, steel, mining, and cement for projects undertaken on Turnkey basis. The equipment includes Crushers, Screens, Feeders, Conveying equipment, Mining equipment, Wagon tippler systems and Stacker reclaimer. TRF primary operates in the following areas⦁ Electromechanical jobs⦁ Industrial structure and fabrication⦁ Life Cycle Services and allied servicesElectro-mechanical jobs and Industrial fabrication specialize in design, manufacture, erection and commissioning of units or equipment, Life cycle services helps meet the post commissioning requirement of customerThe manufacturing facility of TRF is located at Jamshedpur works on a 21-acre area at Burmamines locality. The revenue of TRF FY2021-22 was INR 127.14 crore
