Tata Metaliks Limited, decided to go ahead with one of its value-addition projects,
Ductile Iron Pipe manufacturing at Kharagpur.
Tata Metaliks Limited, the largest producer of foundry grade pig iron in the country, has decided to go ahead with one of its value-addition projects, Ductile Iron Pipe manufacturing at Kharagpur.
The Company's Board of Directors in the Board Meeting on March 29, 2007 approved the project in joint venture with world leaders in DI pipe making, Kubota Corporation of Japan. The other Japanese partner in this joint venture is Metal One Corporation. Besides equity participation, Kubota will also bring in its state-of-the-art technology in DI pipe manufacturing and provide the best operational practices of Japanese standards. The joint venture, which will be a subsidiary of Tata Metaliks, will initially produce 110,000 tpa DI pipes of international quality standards, a part of which will be exported. The proposed world-class pipe manufacturing facility will use liquid pig iron from Tata Metaliks' existing mini blast furnaces and is expected to be operational by 2009.
DI pipe is a long lifecycle product with which efficient water management is possible. The world-class product from the plant will greatly assist the infrastructural development in the country. |
