This Rs 600 crore expansion project will take company’s ductile iron pipe plant capacity to over 4 lakh tonnes per annum in two phases.
Mamata Banerjee, chief minister of West Bengal on Thursday (15 September) inaugurated Phase-I of expansion project of Ductile Iron (DI) Pipe plant of Tata Metaliks at Kharagpur.
The new plant is one of the most advanced DI pipe plants with high levels of automation & robotics to make the operations safe and efficient. This new plant will help the company expand its product range and enhance its presence in the fast-growing water infrastructure space that is witnessing a major thrust by the Govt of India through its Jal Jeevan Mission scheme.
Tata Metaliks, a subsidiary of Tata Steel, has its manufacturing facilities at Kharagpur, West Bengal, India which produces pig iron and ductile iron pipes.
Tata Metaliks’ net profit dropped 98.7% to Rs 1.22 crore on 10.5% increase in net sales to Rs 666.37 crore in Q1 FY23 over Q1 FY22.
Shares of Tata Metaliks rose 0.19% to Rs 812.25 on Thursday, 15 September 2022.
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(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)
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