Advertisement

Updated December 30th, 2023 at 14:52 IST

TCIL set to invest over Rs 1,785 crore in Jamshedpur

The new project is likely to generate about 600 direct and indirect employment opportunities.

Reported by: Business Desk
Tin can
Tin can | Image:Pexels
Advertisement

The Tinplate Company of India Ltd (TCIL), a unit of Tata Steel is set to invest Rs 1,787 crore for setting up a 3-lakh-tonnes-per-annum manufacturing facility in Jharkhand’s Jamshedpur. This is an expansion project and is scheduled for commissioning in 2026, and is likely to generate about 600 direct and indirect employment opportunities, the company said. At a ceremony to mark the completion of four years of the JMM-led government in the state, a pact was inked between the company and the Jharkhand government

"... This landmark MoU heralds the establishment of a cutting-edge 300,000 Tons per Annum (TPA) manufacturing facility in Jamshedpur, backed by an investment of approximately Rs 1,787 crore," TCIL said in a statement.

Advertisement

"We are committed to partnering with the Jharkhand Government and local communities to promote economic and social development, including job creation, increased revenue, and skill development opportunities for the local workforce,” said R N Murthy, Managing Director of TCIL, told PTI. 

Tinplate and Tin Free Steel, TCIL's key product offerings, serve as packaging substrates for a range of industries, catering to segments such as edible oils, paints & pesticides, processed foods, battery and aerosols, and bottle crown manufacturers.

Advertisement

With PTI inputs

 

 

 

 

 

 

 

 

Advertisement

Published December 29th, 2023 at 18:45 IST

Your Voice. Now Direct.

Send us your views, we’ll publish them. This section is moderated.

Advertisement
Advertisement
Whatsapp logo