Tata Sponge Iron (TSIL) manufactures sponge iron. Incorporated in 1982, the company, formerly known as Ipitata Sponge Iron, was set up as joint venture between Tata Steel and the Industrial Promotion and Investment Corporation of Orissa (IPICOL). It became an associate company of Tata Steel in 1991.
Areas of business
The company also has two captive power plants that generate 26mw of power from the waste heat of exit gases from its kilns; the power generated is in excess of what the company needs for internal consumption.