Construction Industry News
Tin Company India embarks on a massive development program with the help of his parent company – Tata Steel. In line with Tata Steel's strategy to increase its share of value-added products in the sales mix, the capacity of TCIL expanded by 300,000 tons (t) at an investment expenditure of about Rs 200 billion.
After the completion of a three-year project starting this fiscal year will expand TCIL's capacity in Jamshedpur rise to 6,79,000 t from the current level of 3,79,000 t. Usually used in the food processing industry and beverages as packaging material, the expansion is due to the strong demand from these sectors.
Apart from the question push out of urbanization, cans demand rises after imports of low-grade tin, which can cause health risks, was discontinued. Separate from TCIL, JSW Steel is the other major player in India producing tinplate.
While the new rule will To be ready by 2024-25, Tata Steel has set a target of 1 mt Can Capacity by: 2030, along with its own target to double primary steel production capacity. Tata Steel plans to reach 40 million tons of output by the end of the decade and that would be needed improved downstream facilities to produce value-added products.
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