BUSINESS
Tata Group's pig-iron producer Tata Metaliks, which is all set to become a full-fledged ductile pipe (DI) company, today said it will finalise a growth strategy in the next few months.
"We are getting organic or inorganic growth strategy ready in the next few months," Tata Metaliks chairman Koushik Chatterjee said at the company's AGM here today.
"Over a period of time, we will become a full-fledged ductile pipe company," he said.
The company will evaluate options between greenfield and brown-field expansion in the ductile iron pipes for the long term, keeping hopes high on the segment.
The company will decide whether to expand its Kharagpur plant, greenfield expansion in other location or attempt for acquisitions.
The evaluations would be carried out internally and may take help of the Tata Steel in charting out it's long term strategy.
Tata Metaliks which was primarily a pig iron maker was merged with DI Pipes in the recent back.
Chatterjee remained optimistic about the DI pipes market and hopes to maintain 12-13% growth in demand.
Currently, Tata Metaliks produces two lakh tonne of DI pipes and technically has scope for expansion upto 0.5 million tonne capacity. While, its hot metal capacity remains at 0.5 million tonne at the Kharagpur facility.
The company may require land if they decide to go another blast finance and DI pipe expansion at the Kharagpur site and the officials seemed bit apprehensive on land issue given the Singur Tata Nano project effect.
Meanwhile, Tata Metaliks which has invested in DI pipes capacity in the past will now focus on to become a more cost effective DI pipe maker by installing Pulverized Coal Injection (PCI).
PCI is a process that involves blowing large volumes of fine coal granules into the blast furnace.
(This article has not been edited by DNA's editorial team and is auto-generated from an agency feed.)
IPL 2025: Will Rajat Patidar become next RCB captain instead of Virat Kohli?
Farmer leader announces 'Tractor March', 'Rail Roko' in Punjab on...
Pakadwa Vivah: Man kidnapped, forced to marry women at gunpoint after..., know story here
Alia Bhatt exudes elegance in vintage white Sabyasachi saree at Raj Kapoor 100th birth anniversary
‘I want to become youngest world chess champion’: D Gukesh’s old video goes viral - watch
Watch: Kane Williamson kicks ball onto stumps in bizarre dismissal against England in 3rd Test
Delhi Police traces student behind bomb threat email to Paschim Vihar school
Video of adorable tiger cub melts hearts while enjoying a hand-fed meal, WATCH
Jyotiraditya Scindia's BIG announcement, claims BSNL set for recovery, 5G launch expected by...
68-year-old man gets scammed for Rs 1.94 crore after fake police WhatsApp call
'Jaise Eklavya ka angootha kata, waise hi aap...': Rahul Gandhi attacks Centre amid Adani row
South Korean Parliament votes to impeach President Yoon Suk Yeol amid martial law controversy
Netizens slam newspaper for 'Sambhar outwits chow mein' headline over D Gukesh's win, call it 'sick'
Mukesh Ambani's Reliance Industries acquires majority stake of 74% in Navi Mumbai IIA for Rs...
Watch: Vijay Deverakonda hugs Allu Arjun after he gets released from jail in Pushpa 2 stampede case
Open AI whistleblower Suchir Balaji found dead in his San Francisco apartment, Elon Musk reacts
Aghanistan's Naveen-Ul-Haq's endless 13-ball over vs Zimbabwe: 6 wides, 1 no-ball, 2 fours...
Veteran BJP leader Lal Krishna Advani admitted to Apollo hospital in Delhi
Allu Arjun FINALLY reacts to his arrest in Pushpa 2 stampede death case: 'This incident was...'
Delhi temperature drops to 7 degrees, air quality remains in 'poor' category
Kumbh Mela 2025: 7 lesser-known experiences you can't miss
'Zyada angrezi likhdi': Vikrant Massey breaks his silence after withdrawing 'retirement' statement
'Pushpa makers made Allu Arjun a villain': Mukesh Khanna says actor should play Shaktimaan
'Disinformation': India denies reports of visa denial to pro-Khalistani individuals in Canada
Meet Indian teen who learnt coding at 7, later built company worth Rs 100 crores, her business is...
Viral video: Little girl’s adorable dance to Madhuri Dixit's 'Aaja Nachle' wins hearts, WATCH
Ananya Panday recalls the first time she got her period; 5 tips for first-timers
Meet woman, daughter of billionaire, now leads Rs 17300 crore company, she is…
BTS' Kim Taehyung aka V makes history, becomes FIRST Korean to...: 'This is big'
Men also experience PMS-like symptoms: Know all about 'Irritable Male Syndrome'
DNA TV Show: Was Pushpa star Allu Arjun's arrest in stampede case 'scripted'?
BCCI announces India women's squads for West Indies series, 3 uncapped players included
From chess prodigy to youngest world champion: D Gukesh's net worth revealed
Meet man, world's richest politician, much wealthier than Mukesh Ambani, Gautam Adani, he is...
Ahead of Tumbbad 2, Sohum Shah shares his ultimate dream: 'I want to die on...'
Meet woman, class 10th, 12th topper, who cracked UPSC exam at age of 22, now posted as...
Video of Indian couple’s wedding entry inspired by Ranbir Kapoor’s ‘Animal’ goes viral, WATCH
Viral video: Employees wash cups in college toilet during event, later served tea to...
Tamil or Telugu? Gukesh Dommaraju’s record-breaking chess victory sparks state rivalry
IND vs AUS 3rd Test Brisbane Weather Forecast: Will rain spoilsport on Day 1 at Gabba?
Mohan Babu apologises for attacking TV journalist: 'It pains me deeply that...'
Transforming Human Capital Technology: Nusrat Shaheen's Journey Through Digital HR Innovation
Innovating Automation in Email Systems: Alok Gupta’s Journey
Meet world's richest families 2024: Mukesh Ambani's family stands on...
Winter dryness: 5 signs the cold weather is dehydrating your skin
Allu Arjun granted interim bail from Telangana HC in theatre stampede case
Above the clouds: Indian Light Tank proves its mettle in high-altitude tests