Tata Ryerson to set up three new units
The Hindu Business Line — November 14, 2006

Tata Ryerson (TRL), a closely held joint venture between Tata Steel and the US-based Ryerson Inc, would be setting up plants adjacent to all Tata Motors plants that are coming up as also in locations having large concentration of user industry. The company has already plans for three upcoming units, one in Chennai and the other two adjacent to the proposed Tata Motors plants in Uttaranchal and Wingur in West Bengal involving an investment of around Rs 75 crore, the company chairman, J.J. Irani, has told reporters here. The company aims to increase its total processing capacity to two million tonnes by 2008, he said.

Capacity

"We will cross a top-line of Rs 1,000 crore in the current fiscal and plan to achieve a steel processing capacity of two million tonnes by 2008," Irani said after inaugurating the company's new fabrication unit at Faridabad near Delhi. The company would also start stainless steel fabrication soon considering the increased demand for customised products for the alloy from the domestic market, the company managing director, Sandipan Chakravortty, said.

The company is also looking at expanding its portfolio and would offer a variety of fabricated steel and stainless steel products apart from made to order steel rolled sheets, bars and rods, he said. The Faridabad service centre would meet the requirements of the automobile manufacturers in northern India, which contribute close to 45 per cent of the total volume of production in the country.