Tata Metaliks to double turnover

Calcutta, July 8: Tata Metaliks Ltd, the largest pig iron manufacturer in the country, is poised for a quantum jump in business. The company, which is now a subsidiary of Tata Steel, has set a target to double its turnover in two years. Apart from betting big on pig iron — it has two plants, one at Kharagpur in Bengal and the other at Redi in Maharshtra — the company expects ductile iron and casting to contribute significantly to its growth. In the annual report, H M Nerurkar, chairman of Tata Metaliks, said the company was looking at more than Rs 2,000 crore turnover by 2010. In the last fiscal, it notched up gross revenue of Rs 1,185.47 crore against Rs 781.75 crore in the previous year. By 2010, the ductile iron pipe plant, coming up in Kharagpur in collaboration with Kubota Corporation of Japan, will be ready. Kubota... [read full story]