Tata Metaliks looks beyond pig iron
Business Standard — July 22, 2003

Kolkata: Tata Metaliks is eyeing opportunities beyond the production of pig iron. Mining and manufacturing or dealing with iron ore, metals, minerals and coal blocks in India and abroad are some of the options.

The proposal for new business will be tabled at the company’s forthcoming annual general meeting for shareholders’ approval.

According to the plan, Tata Metaliks is likely to purchase or take on lease any iron ore mine or colliery for coal blocks in the country or outside.

The management feels that as a long-term strategy, raw materials such as iron ore and coal block for conversion of coke should be available from Tata Metaliks’ own source instead of depending on suppliers. Analysts said, the move was essential as Tata Metaliks is essentially a one-product company.

Heavy metal
	Proposal for new business will be tabled at the company’s forthcoming AGM
	Tata Metaliks is likely to purchase or take on lease any iron ore mine or colliery for coal blocks
	Management feels raw materials should be available from Tata Metaliks’ own source instead of depending on suppliers

In fact, T Mukherjee, chairman Tata Metaliks has stated in the company’s annual report that in keeping with sustainability considerations of a "one product" company, the company had considered several strategic proposals, revisited the merger and acquisition option with going concerns in similar businesses and downstream integration to become a supplier of choice for all customers while enhancing shareholder value. Alongside, the new businesses outlined by the company, Tata Metaliks would enhance its existing business.

Tata Metaliks’ pig iron is suitable for specialised applications such as pressure tight precision castings, automobile engine blocks, crankshafts, gears, rolling mill rolls, motor and generator housings, railway and machine tools.

The company’s geographical footprint covers locations as far as Egypt, UAE, Thailand, Taiwan, Malaysia and Bangladesh.