The Hindu Business Line : Tata Metaliks plans facilities in M.P., Karnataka

Tata Metaliks Ltd is working on plans to set up projects in Madhya Pradesh and Karnataka. To facilitate its plans in this regard, the company has signed memoranda of understanding (MoUs) with the governments in these States to secure raw material linkages, including coking coal, iron ore, manganese, and so on.

According to informed sources, the company, which is India’s largest producer of foundry grade pig iron, wants to set up facilities in States such as Madhya Pradesh and Karnataka. However, to do so effectively, it would be important to ensure raw material linkages for raw materials security in the long-term.

The company had initiated efforts to forge tie-ups with various State governments for raw material linkages. To facilitate this, MoUs have been signed with Madhya Pradesh and Karnataka, the sources said.

According to them, the investments proposed to be made were “in the process of being worked out”.

The sources said work on the company’s ductile iron (DI) pipe project that is being set up at Kharagpur in West Bengal was progressing on schedule and the plant was expected to be operational in the fourth quarter of the fiscal 2008-09.

In July last year, Tata Metaliks had signed a joint venture agreement with Kubota Corporation and Metal One Corporation, both of Japan, for setting up a 110,000-tonne a year capacity DI pipe manufacturing plant at Kharagpur at an estimated investment of Rs 150 crore. The DI pipes manufacturing facility will use liquid pig iron from Tata Metaliks’ mini blast furnaces at its existing Kharagpur facility.

Besides equity participation, Kubota Corporation will offer latest technology in DI pipe manufacturing. DI pipes manufactured by the company would be marketed in India under the ‘Tata Kubota Pipes’ brand, while pipes sold in the export markets would be under the ‘Kubota Pipes’ brand.

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