Tinplate Company to invest Rupees 500 mio
According to recent news in the market Indian Tata Group firm Tinplate Company plans to invest Rupees 500 million ($10.8 million) to establish a new plant by 2008 in order to increase its production capacity. With the new plant, annual production capacity of Tinplate Company will double and reach 300'000 tons. However, due to rising steel prices, the company expects its profit to decrease in the coming two quarters.