Tata Metaliks, the pig iron maker in the Tata stable, has decided to raise its capacity at its Kharagpur plant by 10%.

Speaking to shareholders here on Saturday at the company’s AGM, the TML chairman TK Mukherjee said that minor investments will be required to increase the pig iron making capacity. He said the company did not have any major investment plan at the moment.

Regarding TML’s first quarter performance Mr Mukherjee informed that sales has increased by 17% in volume terms. TML, which produced around 1.3 lakh tonnes of hot metal last year, already achieved a 106% of its name-plate capacity. This was higher by around 20% compared to the previous year’s production of around 1.1. lakh tonnes of hot metal.

TML notched up a gross income of Rs 115 crore in ’01-02 as against Rs 99 crore in previous year.