What is Tinplate Company Of India . - (Amalgamated) share price return in the past 10 years?

Tinplate Company Of India Ltd. - (Amalgamated) share price has appreciated 19.6% annually (CAGR) over the past ten years.

What is the P/E ratio of Tinplate Company Of India . - (Amalgamated)?

The latest standalone P/E ratio of Tinplate Company Of India . - (Amalgamated) as of 18-Jan-2024 is 48.30.

What is the P/B ratio of Tinplate Company Of India . - (Amalgamated)?

The latest standalone P/B ratio of Tinplate Company Of India . - (Amalgamated) as of 18-Jan-2024 is 3.66.

What is the 52-week high and low of Tinplate Company Of India . - (Amalgamated)?

The 52-week high of Tinplate Company Of India . - (Amalgamated) is Rs. 460.75 and the 52-week low is Rs. 403.00.

What is the TTM revenue of Tinplate Company Of India . - (Amalgamated)?

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Tinplate Company Of India . - (Amalgamated) is Rs. 3458.14 (Cr.).

Tinplate Company Of India Ltd. - (Amalgamated) - Stock Valuation and Financial Performance

Name: Tinplate Company Of India . - (Amalgamated)
Brand: Tinplate Company Of India . - (Amalgamated)

BSE: 504966 | NSE: TINPLATE | Steel & Iron Products | Small Cap

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Tinplate Co-Amalgama Share Price

₹430.45 0.00 0.00%
as on 18-Jan'24 16:59

DeciZen - make an informed investing decision on Tinplate Co-Amalgama

Based on:

Data

M-Cap below 100cr DeciZen not available

Tinplate Company Of India Ltd. - (Amalgamated) stock performance -

PE Chart Key Ratios

P/E Ratio (SA):

48.30

Market Cap:

4,505.4 Cr.

52-wk low:

403

52-wk high:

460.8

Is an attractive stock to invest in?

1. Is a good quality company?

Past 10 year's financial track record analysis by Moneyworks4me indicates that Tinplate Company Of India Ltd. - (Amalgamated) is a average quality company.

2. Is undervalued or overvalued?

The key valuation ratios of Tinplate Company Of India Ltd. - (Amalgamated)'s currently when compared to its past seem to suggest it is in the Somewhat overvalued zone.

3. Is a good buy now?

No data found

10 Year X-Ray of Tinplate Co-Amalgama:

Analysis of Financial Track Record

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Standalone Basis ^P Consolidated Basis

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Value Creation ⓘ

Value Creation Index Colour Code Guide ⓘ

	Mar'14	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	TTM
ROCE % ⓘ	15.7%	12.7%	18.5%	7%	18.3%	14.3%	15.6%	17.4%	47.5%	16.9%	-
Value Creation Index ⓘ	0.1	-0.1	0.3	-0.5	0.3	0.0	0.1	0.2	2.4	0.2	-
Growth Parameters ⓘ Growth Parameters Colour Code Guide ⓘ
Sales ⓘ	1,059	911	836	831	1,919	2,585	2,106	2,281	4,250	3,959	3,458
Sales YoY Gr.	-	-14%	-8.3%	-0.5%	130.8%	34.7%	-18.5%	8.3%	86.3%	-6.8%	-
Adj EPS ⓘ	6	4.2	6.4	2.7	6.8	5.7	8.9	9.3	33.4	12.9	8.9
YoY Gr.	-	-29.5%	52.3%	-58.5%	155.1%	-16.5%	55.5%	4.5%	261.5%	-61.5%	-
BVPS (₹) ⓘ	51	52.4	59.5	59.4	64.6	67.9	72.7	80.8	111.9	120.7	117.6
Adj Net Profit ⓘ	62.8	44.3	67.4	28	71.3	59.6	92.6	96.8	350	135	93
Cash Flow from Ops. ⓘ	199	170	114	90.6	108	124	52.9	252	454	215	-
Debt/CF from Ops. ⓘ	0.5	0.3	0	0	0	0	0	0	0	0	-

CAGR ⓘ

CAGR Colour Code Guide ⓘ

	9 Years	5 Years	3 Years	1 Years
Sales ⓘ	15.8%	15.6%	23.4%	-6.8%
Adj EPS ⓘ	8.9%	13.6%	13.3%	-61.5%
BVPSⓘ	10.1%	13.3%	18.4%	7.9%
Share Price	19.6%	24.1%	13.1%	6.3%

Key Financial Parameters ⓘ

Performance Ratio Colour Code Guide ⓘ

	Mar'14	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	TTM
Return on Equity % ⓘ	10.6	7.8	11.5	4.5	11	8.6	12.6	12.1	34.7	11.1	7.5
Op. Profit Mgn % ⓘ	14	13.6	20	11	8.4	5.3	7.2	7.7	11.7	5.4	4.1
Net Profit Mgn % ⓘ	5.9	4.9	8.1	3.4	3.7	2.3	4.4	4.2	8.2	3.4	2.7
Debt to Equity ⓘ	0.2	0.1	0	0	0	0	0	0	0	0	0
Working Cap Days ⓘ	84	104	120	134	84	85	118	119	82	97	62
Cash Conv. Cycle ⓘ	23	13	17	30	17	15	28	19	5	2	37

Recent Performance Summary

No data to display

Return on Equity has declined versus last 3 years average to %

Sales growth has been subdued in last 3 years %

Net Profit has been subdued in last 3 years %

Sales growth is not so good in last 4 quarters at %

Latest Financials - Tinplate Company Of India Ltd. - (Amalgamated)

	Standalone	Consolidated
TTM EPS (₹)	8.9	-
TTM Sales (₹ Cr.)	3,458	-
BVPS (₹.) ⓘ	117.6	-
Reserves (₹ Cr.) ⓘ	1,126	-
P/BV ⓘ	3.66	-
PE ⓘ	48.30	-

From the Market
52 Week Low / High (₹)	403.00 / 460.75
All Time Low / High (₹)	3.19 / 460.75
Market Cap (₹ Cr.)	4,505
Equity (₹ Cr.)	104.7
Face Value (₹)	10
Industry PE ⓘ	22

Management X-Ray of Tinplate Co-Amalgama:

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged ^*

0.00

* Pledged shares as % of Promoter's holding (%)

Valuation of Tinplate Co-Amalgama

Analyst's Notes

This is a premium feature, Please click here to check our solutions.

Key Ratios of Tinplate Co-Amalgama

Standalone Basis Consolidated Basis

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)

Standalone Basis Consolidated Basis

PARTICULARS	Mar'14	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23
Sales	1,059.07	911.16	836	831.49	1,918.69	2,584.50	2,105.71	2,281.37	4,249.51	3,958.87
Operating Expenses ⓘ	911.39	788.06	669.20	740.76	1,757.46	2,451.24	1,957.61	2,107.94	3,752.30	3,746.07
Manufacturing Costs	291.41	290.41	288.69	272.89	304.86	324.58	324.37	299.43	417.69	508.35
Material Costs	434.63	309.92	203.57	281.49	1,230.58	1,889.41	1,387.75	1,562	2,946.06	2,810.82
Employee Cost	118.26	122.56	115.75	121.61	111.86	126.22	135	127.87	145.52	155.27
Other Costs ⓘ	67.09	65.17	61.20	64.77	110.16	111.02	110.49	118.64	243.03	271.62
Operating Profit ⓘ	147.68	123.10	166.80	90.73	161.23	133.26	148.10	173.43	497.21	212.80
Operating Profit Margin (%)	13.9%	13.5%	20.0%	10.9%	8.4%	5.2%	7.0%	7.6%	11.7%	5.4%
Other Income ⓘ	25.36	28.30	18.72	18.81	19.21	29.19	27.75	27.90	42.98	56.80
Interest ⓘ	21.15	12.21	6.05	3.09	3.30	7.15	10.48	7.76	8.20	12.21
Depreciation ⓘ	61.19	71.37	73.17	65.79	61.93	63.52	61.22	61.66	60.80	64.47
Exceptional Items ⓘ	0	0	0	0	0	0	0	0	0	0
Profit Before Tax ⓘ	90.69	67.82	106.30	40.66	115.22	91.77	104.15	131.91	471.19	192.91
Tax ⓘ	27.90	23.23	38.46	12.80	42.05	33.78	9.12	33.76	118.27	50.09
Profit After Tax	62.80	44.60	67.84	27.86	73.16	58	95.03	98.15	352.91	142.82
PAT Margin (%)	5.9%	4.9%	8.1%	3.4%	3.8%	2.2%	4.5%	4.3%	8.3%	3.6%
Adjusted EPS (₹)	5.2	3.9	6.5	2.7	7.0	5.5	9.1	9.4	33.7	13.7
Dividend Payout Ratio (%)	31%	41%	31%	60%	29%	36%	11%	21%	12%	22%

Balance Sheet

(All Figures are in Crores.)

Standalone Basis Consolidated Basis

PARTICULARS	Mar'14	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23
Equity and Liabilities
Shareholders Fund	579.69	548.96	622.90	622.29	676.72	711.11	760.74	846.09	1,170.97	1,263.08
Share Capital ⓘ	151.10	104.80	104.80	104.80	104.80	104.80	104.80	104.80	104.80	104.80
Reserves ⓘ	428.59	444.16	518.10	517.49	571.92	606.31	655.95	741.30	1,066.17	1,158.28
Minority Interest	0	0	0	0	0	0	0	0	0	0
Debt	52.52	8.18	0	0	0	0	0	0	0	0
Long Term Debt	36.98	0.33	0	0	0	0	0	0	0	0
Short Term Debt	15.54	7.85	0	0	0	0	0	0	0	0
Trade Payables	71.80	75.72	62.62	68.96	178.77	212.59	202.28	240.35	402.28	377.77
Others Liabilities ⓘ	309.42	322.39	290.04	301.42	418.90	452.59	469.59	540.47	836.24	762.42
Total Liabilities ⓘ	1,013.43	955.24	975.56	992.67	1,274.38	1,376.29	1,432.62	1,626.92	2,409.49	2,403.27
Fixed Assets
Gross Block	1,200.60	1,230.19	701.22	742.57	767.56	826.18	902.17	924.87	966.58	1,069.17
Accumulated Depreciation	477.22	549.88	73.17	138.78	200.50	262.79	323.73	379.88	411.07	472.99
Net Fixed Assetsⓘ	723.38	680.31	628.05	603.78	567.06	563.39	578.44	544.99	555.50	596.18
CWIP ⓘ	26.11	17.34	43.45	24.23	43.44	42.47	23.19	15.36	54.47	33.39
Investmentsⓘ	0.23	0.23	5.01	38.22	51.22	96.96	93.10	72.19	213.45	252.45
Inventories	65.92	67.28	82.82	64.92	193.71	211.22	322.78	269.08	428.16	369.61
Trade Receivables	59.48	35.20	50.90	82.35	97.94	125.15	69.66	75.60	52.91	20.85
Cash Equivalents	0.81	1.79	4.76	10.33	46.07	32.78	20.56	218.33	462.68	533.69
Others Assetsⓘ	137.50	153.10	160.56	168.84	274.95	304.32	324.90	431.38	642.32	597.09
Total Assets ⓘ	1,013.43	955.24	975.56	992.67	1,274.38	1,376.29	1,432.62	1,626.92	2,409.49	2,403.27

Cash Flow

(All Figures are in Crores.)

Standalone Basis Consolidated Basis

PARTICULARS	Mar'14	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23
Cash Flow From Operating Activity ⓘ	198.63	170.05	113.96	90.63	108.42	124.47	52.94	252.48	453.88	215.26
PBT ⓘ	90.69	67.82	106.30	40.66	115.22	91.77	104.15	131.91	471.19	192.91
Adjustment ⓘ	76.40	78.43	77.46	70.65	63.51	60.88	65.15	60.50	50.09	43.35
Changes in Working Capital ⓘ	49.49	40.44	-45.44	-9.45	-20.35	4.62	-78.28	99.02	59.45	27.99
Tax Paid ⓘ	-17.96	-16.64	-24.36	-11.23	-49.95	-32.81	-38.08	-38.95	-126.85	-48.99
Cash Flow From Investing Activity ⓘ	-35.32	-35.48	-35.99	-56.89	-50.65	-104.09	-32.39	-162.06	-373.43	-269
Capex	-39.13	-38.62	-40.61	-24.88	-39.53	-62.22	-40.95	-29.59	-85.54	-80.65
Net Investments	0	0	3.14	-33.21	-14.42	-43.82	6.88	-137.37	-298.73	-203.75
Others ⓘ	3.81	3.14	1.48	1.20	3.30	1.95	1.67	4.90	10.84	15.41
Cash Flow From Financing Activityⓘ	-164.08	-133.74	-75.13	-28.29	-23.46	-32.40	-32.80	-17.87	-30.69	-55.56
Net Proceeds from Shares ⓘ	0	0	0	0	0	0	0	0	0	0
Net Proceeds from Borrowing ⓘ	-40.60	-38.40	-36.29	0	0	0	0	0	0	0
Interest Paid ⓘ	-21.14	-12.21	-10.04	-3.10	-3.30	-7.16	-4.01	-5.54	-8.23	-11.98
Dividend Paid ⓘ	-19.46	-24.90	-16.75	-20.93	-16.75	-20.93	-20.93	-10.47	-20.93	-41.87
Others ⓘ	-82.88	-58.23	-12.06	-4.26	-3.41	-4.30	-7.86	-1.86	-1.53	-1.71
Net Cash Flow ⓘ	-0.77	0.84	2.84	5.45	34.31	-12.01	-12.25	72.55	49.76	-109.29

Finance Ratio

Standalone Basis Consolidated Basis

PARTICULARS	Mar'14	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23
Ratios
ROE (%)	12.16	8.24	11.58	4.48	11.27	8.36	12.92	12.22	35	11.74
ROCE (%)	15.65	12.65	18.46	7.03	18.25	14.26	15.58	17.38	47.53	16.85
Asset Turnover Ratio	1.05	0.93	0.87	0.84	1.69	1.95	1.5	1.49	2.11	1.65
PAT to CFO Conversion(x)	3.16	3.81	1.68	3.25	1.48	2.15	0.56	2.57	1.29	1.51
Working Capital Days
Receivable Days	25	19	19	29	17	16	17	12	6	3
Inventory Days	22	27	33	32	25	29	46	47	30	37
Payable Days	53	87	124	85	37	38	55	52	40	51

Tinplate Company Of India Ltd. - (Amalgamated) Stock News

Tinplate Company Of India Ltd. - (Amalgamated) FAQs

What is the share price of Tinplate Co-Amalgama?

Company share prices are keep on changing according to the market conditions. The closing price of Tinplate Co-Amalgama on 18-Jan-2024 16:59 is ₹430.4.

What is the market cap of Tinplate Co-Amalgama?

Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 18-Jan-2024 16:59 the market cap of Tinplate Co-Amalgama stood at ₹4,505.4.

What is the P/E ratio of Tinplate Co-Amalgama?

The latest P/E ratio of Tinplate Co-Amalgama as of 18-Jan-2024 16:59 is 48.30.

What is the P/B ratio of Tinplate Co-Amalgama?

The latest P/B ratio of Tinplate Co-Amalgama as of 18-Jan-2024 16:59 is 3.66.

What is the 52-week high and low of Tinplate Co-Amalgama?

The 52-week high of Tinplate Co-Amalgama is ₹460.8 and the 52-week low is ₹403.0.

What is the TTM revenue of Tinplate Co-Amalgama?

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Tinplate Co-Amalgama is ₹3,458 ( Cr.) .

About Tinplate Company Of India Ltd. - (Amalgamated)

Tinplate Company of India Limited (TCIL) is a subsidiary of Tata Steel Ltd, which has a 74.96 per cent stake in it. India’s leading tinplate producer, TCIL offers its customers consistently high quality of products that meet the most stringent requirements of customers. The country’s first tinplate manufacturer, TCIL is at the cusp of marking a century since inception in the year 1920.

Product and service improvements in the last decade have given TCIL a larger share of the domestic tinplate market. It caters to around 74 per cent of the prime tinplate market and 43 percent of the overall domestic market. TCIL exports 20-25% of its produce to different geographies across the world, of which South East Asia, Middle East and select regions of Europe are key export markets.

The Company has a pan India presence, with its headquarters in Kolkata, eight Marketing & Sales offices and 18 stocking points across the country. Its single manufacturing facility, located in Jamshedpur, Jharkhand, has Cold Rolling Mills (CRMs), Electrolytic Tinning Lines (ETLs) and world-class Printing & Lacquering Lines.

Tinplate and Tin Free Steel (TFS), the two key product offerings of TCIL, are among the most versatile packaging substrates for packaging processed foods. The Company caters to the needs of extremely diverse segments, including Edible Oils, Paints & Pesticides, Processed Foods, Battery & Aerosols, and manufacturers of bottle crowns. TCIL offers Tinplate in cut sheet & coil form, and TFS in sheet form.

Business area of the company

The company is the producer of tin coated and tin free steel sheets in India having its headquarter in Kolkata, West Bengal and works located at Jamshedpur, Jharkhand. The company’s product basket includes Tinplate and Tin Free Steel in Single Reduced (SR) and Double Reduced (DR) forms which meet varying packaging needs of edible oils, processed foods, paints & chemicals, aerosols, batteries, crowns and other nonfood categories.

Awards and recognitions

2008-09

1st Position in 8th CII (Eastern Region) Skills Competition held at Kolkata
TCIL wins CII-EXIM Bank Prize for Business Excellence
Tinplate Hospital: ISO 9001:2000 Accreditation
2nd Position in TURNER trade - 21st Regional Workskills Competition, organized by CII Eastern Region
TCIL won the CII - Sustained High Overall Productivity Award 2007-08
TCIL bagged the 2nd position among Institutional Donors in Jharkhand during 2007-08

2009-10

1st position in Regional '22nd CII CONVENTION ON QC CIRCLES' held ON 22.12.2009.
Certificate of appreciation for its sustained and unquestionable commitment to excellence - 17th Dec 2009. New Delhi
3rd Position in Operation & Production Group - CII-9th Supervisory Skills Competition held at Kolkata
3rd Position in Turner Trade - CII- 22nd Work skills Competition held at Kolkata
2nd position in 22nd CONVENTION ON QC CIRCLES held on 8 December 2009 at Hotel Green Horizon, Ranchi.
MSD- TCIL certified under ISO/IEC 27001:2005
Recognition to 'SUDHAR' QC team - Eastern Region Chapter Convention on Quality Circles-CCQC-2009
Personal Achievement - Bhagwati Devi wins GOLD medal at ASIAN POWERLIFTING CHAMPIONSHIP 2009 held at Udaipur, Rajasthan.

2010-11

TCIL Commended 'Certificate of Recognition' for CII (ER) Energy Conservation Award 2010-11
Quality Circle Team AKARSHAN bagged Excellent Award in 24th National Convention on Quality Concept (NCQC-2010), which was held during 27-30 December, 2010, at the College of Engineering (Autonomous-Andhra University), Visakhapatnam (AP).
TCIL has been conferred with the CII Exim Prize 2010
Quality Circle Team SUDHAR bagged SILVER Medal in the International Convention on Quality Concept Circle Competition (ICQCC-2010) held on 12-15 October, 2010 at Hyderabad, organized by Quality Circle Forum of India, Hyderabad.
Quality Circle Team AKARSHAN bagged Gold Medal, (1st Position ) in Quality Circle Competition held on 21st September, 2010 at Taj Bengal, Kolkata organized by Quality Circle Forum of India, Kolkata Chapter
TCIL received the recognition for sustained excellence
TCIL won the finals on 28th July, 2010 at Mumbai - TATA INNOVISTA 2010 under DARE TO TRY category
TCIL certified under ISO: 22000 - 2005 - Food Safety Management System
TCIL recognised for its contribution in the area of Blood Donation - 01-April 2010

2011-12

TCIL secured first position under 'Significant' category in CII Eastern Region Productivity Awards 2011-2012.
Quality Circle Teams 'SUDHAR' and 'AKARSHAN' bagged Par Excellence (Gold Medal), in National Convention on Quality Circles (NCQC-2011), which was held during 09-12 December, 2011 at Hyderabad, organized by Quality Circle Forum of India, Hyderabad Chapter.
Quality Circle Teams 'SUDHAR' and 'AKARSHAN' bagged Gold Medal, in Quality Circle Competition (CCQC-2011) held on 20th September, 2011 at Taj Bengal, Kolkata organized by Quality Circle Forum of India, Kolkata Chapter.
TCIL received MERIT Prizes- INSAAN 2011

2012-13

TCIL ' ANVESHAN' bagged Excellent Award , in National Competition for Quality Circle (NCQC-2013), held during 20-23 Dec. '2013 at Techno India College of Technology, Kolkata.
TCIL Received Certificate of Appreciation from CII in recognition of commendable efforts towards significant improvement in Safety, Health and Environment in SHE contest 2012-2013 in the category of large scale companies.
TCIL 'AKARSHAN' quality circle team from CRM (E&E) department won '3 STAR' (Gold) in international Quality Circle Convention at Kuala Lumpur, Malaysia. 14th to 19th Oct 2012

2013-14

Best Associated Company (TIS Group) in Safety Performance in FY'13
Quality Circle Teams 'ANVESHAN' bagged Excellent Award, in National Competition for Quality Circle (NCQC-2013) - Dec' 2013
CII (ER) Productivity Award - Certificate of Appreciation for Significant Improvement in TQM - Mar'14
INSSAN - Merit Prize for Best Evaluator of Suggestion - Feb'14

2014-15

QC Team 'Akarshan' & 'Pragati' received the certificate of appreciation in 26th QC Circle Convention (CII- Jharkhand State Level) - Dec'14
INSSAN - 3rd Prize in Hindi Slogan - Dec'14, Merit award in English slogan, Hindi Poem and Best evaluator of suggestion
2015-16
Mr. Amratesh Pandey from Annealing Department participated in the Best Theme Paper contest and won the Merit Prize. He also received the Awards of Poster and Slogan Contest on behalf of Mrs. Madhuri Mittal & Bhpendra Kumar Singh.
The Recognition function was organized during the 26th National Convention of the Indian National Suggestion Scheme Association (INSSAN) Contest held at Pune on 8th and 9th January 2016.

2016-17

3 Quality Circle teams named Luminous from Batch Annealing Furnace, Akarshan from Cold Rolling Mill (Electrical & Electronics) and Anveshan from Crane department of TCIL were awarded GOLD in CCQC-2016 contest held at Hotel Taj Bengal, Kolkata on 27th September 2016.

2017-18

TCIL team bagged 3rd Prize in Eastern Region in the NMG-2017.The competition was organized by 'All India Management Association, New Delhi, held during 17-19 May '2017 at Bhubaneswar.
Two Team from Tinplate won 1st and 2nd position respectively in Ethic's Quiz for Tis Group Companies held on 27th July 2017 at TSL, Steelenium Hall,Jamshedpur Works.
TCIL team was represented by Ms. K.C. Swetha & Mr. M.K. Rajesh from CRM (E&E) and Mr. Shivadatta Das and Ms. Anamika Kumari from Business Excellence.

2018-19

TCIL has bagged 'Award for Excellence in Consistent TPM Commitment' for 2018.

History and Milestones

1920: Incorporated in Kolkata on 20th January, 1920
1922: First mill commenced production in Golmuri Works
1923: Rolled out the first finished tinplates and products that appeared in the market in the form of kerosene tins
1961: Became a public company
1975: Undertook an Initial Public Offering (IPO) of equity shares
1979: Commissioned ETP / TFS unit for commercial production
1986: Bladite Holdings Limited UK (formerly BOC) sold their entire shareholding to TSL
1996: Commissioned a cold rolling mill as part of the company’s backward integration process
1998: Entered into a conversion arrangement with TSL
1999: Phased out the operation of Hot Dip Plant (HDP)
2005: Commissioned Solution Centre to produce printed and lacquered tinplate sheets
2008: Installed capacity of tinning line enhanced to 3,79,000 TPA
2008: Commenced commercial production in Second Electrolytic Tinning Line
2011: Enhanced the capacity of the cold rolling mill complex to 3,80,000 TPA
2013-17: Focused on consolidating production, enhancing capacity utilisation and improving the health of the company’s existing mills
2017: Company started procuring raw material and selling on its own account and discontinued the conversion arrangement with TSL