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Tata Metaliks Ltd.

BSE: 513434 Sector: Metals & Mining
NSE: TATAMETALI ISIN Code: INE056C01010
BSE LIVE 15:45 | 14 Dec 790.60 -3.90
(-0.49%)
OPEN

803.95

HIGH

807.00

LOW

785.80

NSE 15:57 | 14 Dec 790.65 -5.05
(-0.63%)
OPEN

800.00

HIGH

807.50

LOW

785.00

OPEN 803.95
PREVIOUS CLOSE 794.50
VOLUME 11911
52-Week high 853.35
52-Week low 311.00
P/E 16.57
Mkt Cap.(Rs cr) 1,999
Buy Price 0.00
Buy Qty 0.00
Sell Price 790.60
Sell Qty 7.00
OPEN 803.95
CLOSE 794.50
VOLUME 11911
52-Week high 853.35
52-Week low 311.00
P/E 16.57
Mkt Cap.(Rs cr) 1,999
Buy Price 0.00
Buy Qty 0.00
Sell Price 790.60
Sell Qty 7.00

Tata Metaliks Ltd. (TATAMETALI) - Company History

Tata Metaliks, promoted by The Tata Iron and Steel Company Ltd. and assisted by The West Bengal Industrial Development Corporation, was set up together with Tata Korf Engineering Services as the technology consultant and KTS, Brazil as the technology supplier. The company was incorporated on 10th October 1990 as Tata Korf Metal, West Bengal and the name was changed to Tata Metaliks on 16th January 1992. The companies Promoters and its subsidiaries hold 47.64% stake in the Company. Tata Metaliks is engaged in the business of manufacturing and selling Foundry Grade pig iron. Its plant, located at Kharagpur in the state of West Bengal and Redi in Maharashtra , consists of five Mini Blast Furnaces and related facilities including Captive Power Plants. The company commenced production in 1994 with an installed capacity of 90,000 tonnes of hot metal per annum. Since, then the company with the help of regular technological upgradation, increased its installed capacity with the same Mini Blast Furnance (MBF). In the year 2000, the capacity was increased to 140000 tonnes of hot metal per annum and to 163000 tonnes in 2004. In 2005 company has successfully installed its second MBF of similar capacity i.e 162000 tonnes of hot metal per annum, taking the total capacity of the Company to 325000 tonnes of hot metal per annum. At present during 2005-2006 the the company has an production capacity of 425500 TPA of Pig Iron. The company has an agreement with Tata Korf Engineering Services for technical know-how and consultancy. The company came out with a public issue in May '93 to part-finance the project to manufacture 90,000 tpa of foundry grade pig iron. Tata Consultancy Services was employed by the company for carrying out an environmental audit study. It installed a power plant using blast furnace gas, to reduce the cost of power. The company has programmed the first relining of its Blast Furnace during the year 2000-01 with an estimated cost of the project Rs.3.43 crores, which was financed from internal accurals. The campaign life of the Blast Furnace has exceeded six years, the highest ever achieved by any Korf Blast Furnace in the country. In June 1999, the Total Productive Maintenance movement, or TPM as it is popularly called, was launched in the company with the objective of improving Overall Equipment Effectiveness, or OEE, and thereby improving machine availability, performance and product quality levels by minimising losses. At Kharagpur the company's administrative building was constructed with modern amenities during 2001-2002. An enterprise wide integrated information system SAP was implemented in partnership with Tata Technologies Ltd and the implementation of mysap.com was kicked off on 14th September,2001. The company is certified with ISO 9001-2000 (Quality Management), ISO 14001 (environment management) and OHSAS 18001 (operational activity), OHSAS 18001 : 1999 (Occupational Health and Safty Management System). The company is awarded with Golden Peacock Awards, Environment Management Award 2003, National Quality Award, West Bengal Pollution Control Board Environment Excellence Award 2002, CII-HR Award for the years 2002,2003,2004, Udyog Ratan Award from the Institute of Economic Studies, New Delhi for the years 2003 and 2004, Greentech Environment Award and Pollution Control Award by the Government of West Bengal for the year 2003, Active Promotion Award in Tata Business Excellence Model for the year 2003, Highest Delta Award in Tata Business Excellence Model for the year 2003 During 2005-2006, the Company acquired the pig iron plant of Usha Ispat Ltd at Redi in Maharashtra. The Plant consists of Three Mini Blast Furnance taking the total Blast Furnance of the company to 5. The First furnance started operations on 10th February 2006. The second started operations in April 2006. The third furnance would require investments to make it operational. Once all 3 furnances become operational, the total production capacity of the company will reach 650000 TPA, which will be highest in the world. The oxygen enrichment plant was set up in the Kharagpur unit on 2nd December 2005 at a project cost of 1.98 crores. The Board of the company has further approved the relining of MBF #1 at Kharagpur.