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Tata Metaliks to double production of ductile iron pipe, install new power plant

Wednesday, 28 Aug 2019
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Tata Metaliks, a subsidiary of Tata Steel, is looking forward to double the production of ductile iron (DI) pipe.

The company is planning to raise the production from the current two lakh tpa to four tpa. It is also installing a new 15 MW power plant.

The estimated investment on the project is Rs 620 crore. The brownfield expansion at its existing plant at Kharagpur, West Bengal is expected to be complete in the next 18-24 months.

The company had received shareholders’ approval to finance the project expansion by way of issuance of equity shares and convertible warrants to the promoter, Tata Steel, on a preferential basis.

The share of DI pipes to the company’s total turnover is around 55 percent while that of pig iron is around 45 percent.

The share of DI pipes to Tata Metalik’s total turnover can raise to 70 percent from the current 55 percent gradually once the expansion is done and capacities are ramped up in coming years.

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