A subsidiary of Tata Steel, Tata Metaliks has its state-of-the-art manufacturing plant at Kharagpur, West Bengal, India which produces the finest quality of pig iron and ductile iron pipes in India. It produces hot metal using iron ore lumps, sinter, coke and fluxes, which are partly value-added into DIP for use in the water infrastructure industry and partly cast into PI for use in foundries. Its state-of-the-art manufacturing plant near Kharagpur, West Bengal, enjoys strategic locational advantage due to its proximity to iron ore mines in Odisha and Jharkhand, the Haldia port (for import of coal) and the PI and DIP markets of eastern India.

Business area of the company

Tata Metaliks is engaged in the manufacture of foundry grade pig iron. The Company manufactures and sells products, such as scrap pig iron and granulated slag. The Company offers a range of end-to-end technical services, which include charge mix and melting, molding and core making, spheroidal graphite (SG) iron production and development, project based consultancy, pollution control, customized training and testing facility. It also offers a range of by-products, such as slag, which includes manufacturing and supplying granulated blast furnace slag for cement plants; potted pig iron, which is used by foundries as scrap; pig iron scrap, which includes pig casting machine scrap, pig iron runner, pig iron skull and pig iron chips and plates, and iron sweepings, including low iron (Fe) and high Fe. Its products offer applications, such as pressure tight precision castings, rolling mill rolls, motor and generator housings, automobile engine blocks, crankshafts and gears.

Awards and Accolades

1999-01: Won the Golden Peacock National Quality Award
1999-01: Golden Peacock Innovative Management Award
2002-03: Won the Golden Peacock Environment Management Quality Award and the TPM Award Category 1 (by JIPM)
2003-04: Won the active promotion award by CII Exim Bank
2005-06: TPM Consistency Award Category 1
2007-08: Won the JRD QV Award on Business Excellence
2016-17: Received the National Sustainability Award from Indian Institute of Metals
2017-18: Received the ICC Corporate Governance and Sustainability Vision Awards, 2018
2018-19: ‘Excellence in Corporate Social Responsibility in 2018’by the CII-ITC Centre of Excellence for Sustainable Development - 2018.
2018-19: ‘Certificate of Recognition’ by the Institute of Company Secretaries of India (ICSI) for implementing sound Corporate Governance practices - 2018.
2018-19: ‘Noteworthy Water Efficient Unit’ at the 4th Water Innovation Summit 2018 (Economic Growth and Human Development in context of Water Scarcity) and National Awards for Excellence in Water Management - 2018 by CII-Triveni.
2019-20: Received Economic Times Corporate Award for Excellence in Business Performance.
2019-20: Bagged 3rd prize in Confederation of Indian Industry (CII) National-Level Environmental Kaizen competition.
2019-20: Received the Energy Conservation Award at the CII ENCON Awards 2019 with ‘4 Star Rating’ in the Large-Scale Category.

History and milestones

1990-92: Incorporated as Tata Korf Metals West Bengal Limited
1990-92: Plant construction commenced at Kharagpur
1990-92: The Company’s name changed to Tata Metaliks
1994: Plant commissioned with an initial capacity of 0.9 LTPA
2005: Commissioned the 2nd Mini Blast Furnace (MBF) (installed capacity increased to 3.45 LTPA)
2006: Bought PI plant at Redi, Maharashtra (installed capacity increased to 6.5 LTPA)
2007: Entered into a joint venture with Kubota for DI pipe business
2008: Amid global financial crisis, the Company booked significant mark-to-market losses in raw materials and finished goods
2009: Commissioned DI pipe plant at Kharagpur (1 LTPA). However, there was delay in obtaining requisite approvals for commercial operation
2011: Pig Iron plant at Redi, Maharashtra was shut down
2013: DI pipe business became a wholly owned subsidiary of the Company
2013: Commissioned Sinter Plant
2014: Improved DI pipe production and optimised manufacturing process parameters
2016-17: DI pipe business amalgamated with the Company
2016-17: Increased DI pipe capacity from 1.3 LTPA to 1.8 LTPA
2016-17: Installed coke plant (1.2 LTPA)
2016-17: Commissioned a 10 MW captive power plant
2016-17: Upgraded MBF#1
2017-18: Coal injection project kicked-of
2018-19: Commissioned Pulverised Coal Injection (PCI) plant to reduce prime coke consumption at Mini Blast Furnaces (MBFs)
2018-19: Increased pig casting machine productivity by installing new design moulds
2019-20: 3 Effluent Treatment Plant are installed for processing waste water recycling. Approximately 2300 cum/d waste water is being recycled back in the process
2020-2021: Tata Metaliks shuts down one of blast furnaces & associated facilities in Kharagpur

Market Cap	3,079 Cr	ROE	5.2%
P/E Ratio(TTM)	23.5	EPS(TTM)	0.0
P/B Ratio	1.9	Dividend Yield	0.5%
Industry P/E	21.5	Book Value	501.6
		Face Value	10.0

Fundamentals