The TCIL, which produces tinplate in
cut sheets, coil form and Tin Free Steel (TFS) in sheet form has a production capacity of
3,79,000 MT per annum. ISWP produces galvanized wires, TMT rebars, among other commercial items.
The MD said the company would invest in the
expansion of its downstream companies in the coming years. “The proposed
investment will push up construction activity, bring jobs, and benefit the
local economy,” he said while speaking at an interaction programme organised by
the Singhbhum Chamber of Commerce and Industry (SCCI) at Chamber Bhavan on
Monday.
Stating that there’s not much scope for the
expansion at the company’s Jamshedpur plant, the MD said the focus is on
augmenting the production at the greenfield Kalinganagar plant and the acquired companies — Tata
Steel Bhushan Steel Ltd (TS BSL) and Neelachal Ispat Nigam Ltd (NINL). All
three companies are located in
Odisha. Further, the MD said the focus
is on promoting MSMEs and vendors around the areas of the company’s operations.