Tinplate Company Of India

TCIL's current capacity is 415,000 tonnes; first phase of expansion, which involves an investment of Rs 2,000 crore, would add another 300,000 tonnes

'Move would also drive synergies' and increase value for shareholders, says company

Shares of the to-be merged subsidiaries, Tata Steel Long Products, Tinplate Company of India, Tata Metaliks, and TRF declined 2 - 9 per cent each.

Infosys is scheduled to announce results today, while HDFC Bank shall be reporting its Q4 numbers on Saturday.

NBFCs may be in focus today on reports of 17 per cent YoY growth in sanctioned loans in Q2FY22

JSW Coated and JSW Vallabh Tinplate, the wholly owned subsidiaries of JSW Steel, are increasing capacity from 350,000 tonnes to 620,000 tonnes

Tinplate, a packaging medium, is one of the highest value adding downstream products in the flat steel segment.

The stock hit a 52-week high of Rs 125, rallied 30% in past two trading days from Rs 93 on June 30.

Although exports will continue in the range of 15-20% of total sales, the company, this year is focussing on building long-term client partnerships domestically