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Tata Metaliks
BSE: 513434|NSE: TATAMETALI|ISIN: INE056C01010|SECTOR: Steel - Pig Iron
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Company History - Tata Metaliks
YEAR                       EVENTS
 1990 - The Company was incorporated on 10th October, under the name
 of
        Tata Korf Metals West Bengal Ltd. and obtained certificate
 for
        commencement of business on 14th December.  It was promoted
 by
        TISCO.
 
      - The main objective of the company is to manufacture foundry
 grade
        pig iron.
 
      - The Company undertook to set up a new mini blast furnace of
        215CuM working volume with associated systems for manufacture
 of
        90,000 tpa of foundry grade pig iron.
 
      - The Company entered into an arrangement with Tata Korf
 Services
        Ltd. for technical knowhow and consultancy services for the
        project.  The agreement guarantees production of hot metal at
 265
        tonnes a day.
 
      - Another agreement was entered into with M/s. CESCON Ltd., for
        consultancy on captive power plant and M/s. United
 Consultants
        India Ltd. for overall civil construction and structural
 work.
        The plant and machinery comprising gas cleaning plant, blast
        preheaters, pig casting machines etc., were procured
        indigenously.
 
 1992 - The name of the Company was subsequently changed to Tata
 Metaliks  
        Ltd. with effect from 16th January.
 
 1993 - The Company issued through a prospectus 23,22,000-14% partly
        convertible debentures of Rs 125 each of which 1,60,000
        debentures were reserved and allotted on a firm basis to
 IDBI.
        Of the remaining, the following were reserved for allottment:
 
      - (1) 1,61,100 debentures for employees/workers of TISCO,
 
      - (2) 2,16,200 debentures to resident Indian shareholders of
 TISCO.
        Balance 18,29,700 debentures were issued to the public.
 
      - Part A of Rs 40 of the face value of each debenture was
 converted
        into 4 No. of equity shares of Rs 10 each on allottment of
        debentures.
 
      - Part B of Rs 85 of the face value of each debenture was to be
        redeemed at par in three equal instalments of Rs 28, Rs 28 and
 Rs
        29 at the end of 7th, 8th and 9th year respectively from the
 date
        of allottment of debentures.
 
 1995 - 8 No. of equity shares of Rs 10 each issued, subscribed and
        paid-up.  During May 1993, the Company issued through 
 prospectus
        159,99,992  No. of equity shares of Rs 10 each along with
 partly
        convertible debentures.  The following equity shares were
        reserved for allotment on a firm basis:
 
      - (i) 117,99,992 shares to TISCO.
 
      - (ii) 5,00,000 shares to WBIDC.
 
      - (iii) 5,00,000 shares to directors and associates.  
 
      - Of the remaining 15,000 shares were reserved for allotment on
 a
        preferential basis to employees.  Balance 31,85,000 shares
 were
        issued to the public.  92,88,000 No. of equity shares
 allotted
        on conversion of debentures.
 
 1996 - The Company is aware of its social responsibilities in
 protecting
        the Environment in and around its factory.  Pollutants emitted
 by
        the plant are monitored and controlled within the limits
        stipulated by the West Bengal Pollution Control Board.
 
      - The Company agreed and has constructed a metalled link Road
 from
        National Highway 6 to the factory at Gokulpur as a goodwill
        gesture with a view to improve infrastructural development of
 the
        region. 
 
 1997 - Tata Metaliks (TML), a Tata group company promoted by Tata
        Steel and the West Bengal Industrial Development Corporation,
        is scouting for a foreign technology partner for a foray into
        the iron castings business.
 
      - Tata Metaliks Ltd (TML) will set up an iron foundry for
        manufacturing axles for automobiles.
 
 1998 - Tata Metaliks Limited engaged in manufacturing high-quality
 pig
        iron, has been awarded ISO-9002 certificate by IRQS, an
 agency
        accredited by RVC Dutch Council.
 
      - The company, with an installed capacity of 90,000 tonnes per
        annum of foundry grade pig iron, is currently operating at a
        capacity utilisation of 110 per cent.
 
      - The Company won the first prize in the Indian Institute of
        Metals' National Quality Competition in the category of
 Pig-Iron
        Plants/Direct Reduction units/Re-rolling mills for the year 
        1997-98.
  
 1999 - The Company's environmental policy was formulated during the
 year
        and its waste water discharge was brought down to zero level.
 
        The Company had set itself the target of achieving the ISO
 14001
        certification for its environmental management system and
        received the certificate from Det Norske Veritas of
 Rotterdam,
        Netherlands.
 
 2000 
 
 - Tisgroup company, completed its re-lining and capacity enhancement
 programme and puts back in operation its mini blast furnace after 33
 days of shutdown. 
 
 -Harsh Jha  executive-in-charge  bearings division at Kharagpur  as
 the company's new managing director
 
 2001
 
 - ICRA has upgraded the Rs 19.74 crore debenture issue of Tata
 Metalliks Ltd (TML) to ‘LBBB+’ from ‘LBBB’
 
 2003
 
 -Completed the first phase of its capacity enhancement programme from
 130000 tpa to 140000 tpa of hot metal stands through technological
 upgradation by installing Linear type Pig Casting Machine.
 
 -Board Approves the proposal project of setting up of a 2nd MBF with
 a capacity of 100000 tpa adjacent to its plant at Kharagpur with a
 estimated cpst of Rs 400 million.
 
 - M/s Patton Limited, Kolkata, acting in concert with its associated
 has acquired shares/voting rights of the Company of more than 5% as
 on September 23, 2003
 
 2007
 
 - Tata Metaliks Ltd has inked a joint venture pact with Kubota
 Corporation and Metal One Corporation, both of Japan, for
 establishing a 1.1-lakh tonnes per annum capacity ductile iron pipe
 manufacturing plant at Kharagpur in West Bengal at an estimated
 investment of Rs 150 crore.
 
 2008
 
 -Tata Metaliks Ltd has appointed Mr. V S N Murty as an Additional
 Director on the Board of Directors of the Company at the Board
 Meeting of the Company held on March 28, 2008.
 
 - Tata Metaliks has got a prospecting licence for iron ore mining in
 Maharashtra. The company will start prospecting work within the next
 three months. The iron ore procured from the mine could be utilized
 for its proposed steel unit in Karnataka. The company has also got
 sanction for 700 acres of land for setting up a steel plant in
 Karnataka.
 
 2009
 
 - Tata Metaliks Kubota Pipes Ltd, (subsidiary of Tata Metaliks Ltd)
 has been inaugurated at Kharagpur on March 07, 2009 by Mr. B
 Muthuraman, Managing Director, Tata Steel Ltd. 
 
 2011
 
 - Tata Metaliks Ltd - Tata Metaliks enters into Agreement for
 Divestment of Redi facilities
 
 2012
 
 - Tata Metaliks Ltd Appointed Dr. Pingali Venugopal as an Additional
 Director of the company.
 
 - Tata Metaliks spurts almost 8% after board approval over issue of
 preference shares worth Rs 100 crore
 
 
 
Source : Dion Global Solutions Limited
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