Business Line reported that Tata Steel’s subsidiary Tata Metaliks Ltd is looking to double the production of ductile iron pipe to 400,000 tonnes per annum from the current 200,000 tonnes. The company is also installing a new 15-MW power plant. The estimated investment on the project is INR 620 crore. According to Mr Koushik Chatterjee, Chairman, Tata Metaliks, the brownfield expansion at its existing plant at Kharagpur is expected to be complete in the next 18-24 months.
He told “The share of DI pipes to our total turnover is around 55 per cent while that of pig iron is around 45 per cent. Once this expansion is complete, we expect the share of DI pipes to go up.”
The company, which had started as one of the leading pig iron producers, is now looking to realign its strategy and focus more on DI pipes that is used for diverse applications including distribution of potable water, transportation of sewage and waste water, agricultural applications including irrigation and industrial usage in power plants among others.
Source of information