The Telegraph reported that Tata Steel’s subsidiary Tinplate Company India Ltd is embarking on a massive expansion program to expand the tinplate capacity by 300,000 tonnes at a capital expenditure of INR 2,254 crores with the support of its parent, in line with Tata Steel’s stated strategy to increase the share of value added products in the sales mix. After the completion of a three-year project starting this fiscal, TCIL’s capacity in Jamshedpur will go up to 679,000 tonnes from the present level of 379,000 tonnes.Used mostly in the food processing industry and beverages as a packaging material, the expansion comes on the back of strong demand from these sectors. Apart from the demand push coming out of urbanization, tinplate demand is going up after the import of low grade tinplate, which can cause health hazards, was stopped. Apart from TCIL, JSW Steel is the other major player in India that produces tinplate. As of now, TCIL is the domestic leader in the business with a market share of around 39% and has set a target of 1 million tonnes tinplate capacity by 2030
The Telegraph reported that Tata Steel’s subsidiary Tinplate Company India Ltd is embarking on a massive expansion program to expand the tinplate capacity by 300,000 tonnes at a capital expenditure of INR 2,254 crores with the support of its parent, in line with Tata Steel’s stated strategy to increase the share of value added products in the sales mix. After the completion of a three-year project starting this fiscal, TCIL’s capacity in Jamshedpur will go up to 679,000 tonnes from the present level of 379,000 tonnes.Used mostly in the food processing industry and beverages as a packaging material, the expansion comes on the back of strong demand from these sectors. Apart from the demand push coming out of urbanization, tinplate demand is going up after the import of low grade tinplate, which can cause health hazards, was stopped. Apart from TCIL, JSW Steel is the other major player in India that produces tinplate. As of now, TCIL is the domestic leader in the business with a market share of around 39% and has set a target of 1 million tonnes tinplate capacity by 2030
