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Incorporated in 1976 as a private limited company TMT (I) (TMTL) was converted into a public limited company on 7 Sep.'92. It was promoted by managing director T G Veera Prasad. It came out with a Rs 240-lac public issue in Sep.'93 to part-finance the setting up of facilities for manufacturing machinery for the pulp and paper industry and for chemical recovery systems.TMTL's products include raw material handling equipment batch / continuous cooking plants paper machines etc. The company's major clients are Mahy Knoory & Company Dubai; West Coast Paper Mills Ballarpur Industries etc. It has tied-up with Young II Iron Works South Korea for tissue paper machinery; Warburton Holgate UK for speciality papers; Degremont India a subsidiary of Degremont France for pollution control systems and other companies for bio-mithonisation systems heat exchangers etc. The company exports to Australia the UK CIS countries etc. It plans to diversify into floriculture in collaboration with a Dutch Company Agro Advies Buro. It has received the ISO 9001 certification from BVQI in the areas of pulp and paper machinery LPG cylinder manufacture etc. It has also diversified into distillery units and entered into a joint venture with Demerara Distillers Guyana for setting up a 100% EOU in India.
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