Tinplate Company of India Ltd

Tinplate Company of India Ltd (TINPLATE)


Key Stats

Day's Price Range
52-Week Price Range
1 Month Return-23.6 %
3 Month Return0.69 %
1 Year Return56.11 %

Company Financials

  • Annual
Value in ₹ crore

Peer Comparsion

Rank 14
Rank 15
Rank 13
Dividend Yield
Rank 9
Rank 4
Price To Book Ratio
Rank 10
Debt To Asset
Rank 13

Company Information

Incorporated in Jan.20 as a private limited company Tinplate Company of India TCIL became a public limited company in Dec.68. TCILs existing plant was established in 1922 and employed the technology available at that time. Production commenced in Dec.22.In 1973 it was decided to establish a new electrolytic tinningcumtin free steel combination coating line on the surplus land at the existing plant to produce tinplate and tinfree steel chromiumcoated plates. It was decided to use the Ferrostan process to manufacture tinplate using phenol sulphonic acid electrolyte system and the TFSIII process to manufacture tinfree steel using chromic acid as electrolyte.During 19992000 with the help of specialists from Tata Steel a major productivity programme called Total Operational Performance TOP was taken the benefits of which will be evident in future years. In 2002001 the company received the First Prize for achieving excellence in productivity and Certificate for safetyfrom Confederation of Indian IndustryEastern Region for the year.A suitable initiative for ensuring an effective enforcement of statutory regulations in regard to import of Seconds and Waste will be taken by the company in the near future.The company has upgraded one of its facilitiesOne additional Annealing base at CRM at a cost of Rs.9 crores. The project was executed as per schedule and was financed by way of internal generations. It has also signed a Technical agreement with Japanese Steel majorNippon Steel Corporation for support. The company has a similar arrangement with French Steel major Usinor.It is planning to increase the capacity in another 2 years to 1.45 lakh tonnes. The estimated outlay of the expansion would be Rs.36 crore.
OrganisationTinplate Company of India Ltd
IndustryNon Ferrous Metals