TCIL plans increasing its tinplate production

TCIL plans increasing its tinplate production

The Tinplate Company of India is planning to escalate its annual electrolytic tinplate capacity to 145'000 tons in two years' time for Rs360million ($7.8million), which corresponds to an increase of 16%. The company obtained a net profit of Rs20.1million on Rs2.64 billion of income during 2002-03 period and compared to the Q2 of last year's profit of Rs3million, it has obtained a net profit of Rs30.2million on Rs802.3million sales income in Q2 of 2003. Being a part of Tata Steel Group, the company has signed an agreement with Japan's Nippon Steel and Europe's Arcelor for the growth of plant's efficiency.