Jharkhand: Tinplate to invest Rs 1,787 crore for setting up 3 lakh ton manufacturing facility in Jamshedpur
PINAKI MAJUMDAR Advertisement Jamshedpur, Dec 29: The Tinplate Company of India Limited (TCIL), a unit of Tata Steel, solidifies its commitment…
PINAKI MAJUMDAR
Jamshedpur, Dec 29: The Tinplate Company of India Limited (TCIL), a unit of Tata Steel, solidifies its commitment to Jharkhand’s economic development by signing a Memorandum of Understanding (MoU) with the state government.
This landmark MoU heralds the establishment of a cutting-edge 300,000 Tons per Annum (TPA) manufacturing facility in Jamshedpur, backed by an investment of approximately Rs 1,787 crore.
In alignment with the state’s emphasis on job creation through the Jharkhand Industrial and Investment Promotion Policy 2021, the MoU was officially executed at an event in Ranchi between R N Murthy, Managing Director of TCIL, and Jitendra Kumar Singh, Secretary-Industries, Jharkhand government.
Also read: Jharkhand CM Hemant Soren: Old age pension for tribals will be available in 50 years
Scheduled for commissioning in 2026, this expansion project is anticipated to generate over 600 direct and indirect employment opportunities.
The state-of-the-art facility will not only enhance Tinplate’s manufacturing capabilities with advanced technology and automation but also contribute significantly to both domestic and export markets, bolstering the state’s industrial growth.
Also Read: Jharkhand CM Hemant Soren: Old age pension for tribals will be available in 50 years
Skill development for locals
R N Murthy, Managing Director of TCIL, expressed pride in the expansion, emphasizing the company’s dedication to the economic and social development of Jamshedpur and Jharkhand.
Murthy stated, “We are committed to partnering with the Jharkhand government and local communities to promote economic and social development, including job creation, increased revenue, and skill development opportunities for the local workforce. We are thankful to the Jharkhand Government for providing full support to us.”
Packaging substrates
Tinplate and Tin Free Steel, TCIL’s key product offerings, serve as versatile packaging substrates for a range of industries.
Catering to diverse segments such as edible oils, paints and pesticides, processed foods, battery, aerosols, and bottle crowns manufacturers, TCIL plays a pivotal role in India’s domestic tinplate market, currently holding over 45% share.
Established in 1920, TCIL continues to evolve, aligning its growth strategy with Tata Steel’s vision for sustainable development and environmental stewardship.
