Tinplate Company of India Limited (TCIL) and the Government of Jharkhand forge path for industrial advancement

~ Company to invest Rs 1,787 crore for setting up a 300,000 Tons per Annum (TPA) manufacturing facility in Jamshedpur ~

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 Government of Jharkhand.

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 Shri Jitendra Kumar Singh, IAS, Secretary-Industries, Government of Jharkhand.

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. 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.

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.”

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 & 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.

Additionally, approximately 25% of TCIL's sales contribute to its global presence in South-East Asia, the Middle East, and select regions of Europe. Established in 1920, TCIL continues to evolve, aligning its growth strategy with Tata Steel's vision for sustainable development and environmental stewardship.

Disclaimer

Statements in this press release describing the Company’s performance may be “forward-looking statements” within the meaning of applicable securities laws and regulations. Actual results may differ materially from those directly or indirectly expressed, inferred or implied. Important factors that could make a difference to the Company’s operations include, among others, economic conditions affecting demand/ supply and price conditions in the domestic and overseas markets in which the Company operates, changes in or due to the environment, Government regulations, laws, statutes, judicial pronouncements and/ or other incidental factors.

For queries and information

Sarvesh Kumar,

Chief Corporate Communications - Tata Steel,

E-mail : sarvesh.kumar@tatasteel.com

About Tata Steel

• Tata Steel group is among the top global steel companies with an annual crude steel capacity of 35 million tonnes per annum.
• It is one of the world's most geographically diversified steel producers, with operations and commercial presence across the world.
• The group recorded a consolidated turnover of ~US$30.3 billion in the financial year ending March 31, 2023.
• A Great Place to Work-Certified^TM organisation, Tata Steel Limited, together with its subsidiaries, associates, and joint ventures, is spread across five continents with an employee base of over 77,000.
• Tata Steel has announced its major sustainability objectives including Net Zero Carbon by 2045, Net Zero Water consumption by 2030, improving Ambient Air Quality and No Net loss in Biodiversity by 2030.
• The Company has been on a multi-year digital-enabled business transformation journey intending to be the leader in ‘Digital Steel making by 2025’. The Company has received the World Economic Forum’s Global Lighthouse recognition for its Jamshedpur, Kalinganagar and IJmuiden Plants.
• Tata Steel aspires to have 25% diverse workforce by 2025. The Company has been recognised with the World Economic Forum’s Global Diversity Equity & Inclusion Lighthouse 2023.
• The Company has been a part of the DJSI Emerging Markets Index since 2012 and has been consistently ranked amongst top 10 steel companies in the DJSI Corporate Sustainability Assessment since 2016.
• Tata Steel’s Jamshedpur Plant is India’s first site to receive ResponsibleSteel^TM Certification.
• Received Prime Minister’s Trophy for the best performing integrated steel plant for 2016-17, 2023 Steel Sustainability Champion recognition from worldsteel for six years in a row, 2022 ‘Supplier Engagement Leader’ recognition by CDP, Top performer in Iron and Steel sector in Dun & Bradstreet's India's top 500 companies 2022, No. 1 brand in India in the Mining and Metals industry in Top 100 brand rankings for 2023 by Brand Finance, and ‘Most Ethical Company’ award 2021 from Ethisphere Institute.
• Received 2023 ERM (Enterprise Risk Management) Award of Distinction at the RIMS ERM Conference 2023, ‘Masters of Risk’ - Metals & Mining Sector recognition at The India Risk Management Awards for the seventh consecutive year, and Award for Excellence in Financial Reporting FY20 from ICAI, among several others.

Photographs: Management and Plant facilities

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Website: www.tatasteel.com and www.wealsomaketomorrow.com

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