Tinplate Company of India to Add 300KT Line at Jamshedpur
Tata Steel group company Tinplate Company of India Limited has approved an expansion plan to put up additional 300,000 tonnes per annum capacity at its mill at Jamshedpur in eastern India entailing an investment of USD 243 million. The expansion project would be funded through internal accruals, external debt including financial support from company promoter. The expansion has been scheduled for completion within the next three years. The time period of about three years is based on the assumption that the company would be able to obtain expeditiously all regulatory approvals from appropriate authorities concerned. Any delay in obtaining regulatory approvals or events like the Covid might impact project timeliness.
TCIL’s existing capacity 379,000 tonnes per annum are currently operating at 90% percent utilization.
The company manufactured various grades of electrolytic tinplate, tin-free steel sheets and full hard cold rolled sheets. Tinplate finds usage across a wide range of industries including edible oil, fats processed fruits & vegetables, paints & chemicals, aerosol sprays, battery and beverages. Increasing urbanisation and a change in lifestyle is expected to promote increased consumption of ready-to-eat and ready-to-drink products thereby increasing demand for tinplate packaging. The per capita consumption of tinplate in India is low 0.42 kg as compared to countries like China at 4.75 kg, Thailand at 7.25 kg and Malaysia at9 kg and this is expected to provide ample opportunity for growth.