Tayo Rolls

Last updated

Tayo Rolls Limited
Type Subsidiary
BSE: 504961
Founded1968;56 years ago (1968)
FateInsolvent
Headquarters Jamshedpur, Jharkhand, India
Key people
Anand Sen (chairman)
Om Narayan (managing director)
ProductsCast rolls, forged rolls, special castings, pig iron
Parent Tata Steel
Website www.tayo.co.in

Tayo Rolls Limited (formerly Tata-Yodogawa Limited) is a now insolvent [1] metal fabrication and processing company headquartered in Jamshedpur, India, and was a subsidiary of Tata Steel. Tayo Rolls' products were primarily cast rolls, forged rolls, special castings and pig iron. [2]

Contents

History

Tata-Yodogawa Limited was founded in 1968 as a joint venture between Tata Steel and the Japan-based Yodogawa Steels. [3]

Shares in Tata-Yodogawa were offered to the public in 1969. [3]

In September 1989, Tata-Yodogawa formed a technical alliance with the Austria-based Eisenwerk Salzauwerfen. [3]

In 1995 Tata-Yodogawa began the production of special castings for power plants. [3]

The name of the company was changed to Tayo Rolls in December 2003. [4]

In January 2010 Tayo Rolls opened a new facility for the manufacture of forgings and forged rolls, constructed at a cost of Rs 168 crore. [5]

Operations

In the fiscal year ended 31 March 2010 Tayo Rolls produced 6,516 tons of rolls, 22,604 tons of pig iron, and 16 tons of special castings. [2] The company has announced its closure. It plans to close its operation in September 2016.[ needs update ]

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References

  1. "NCLAT dismisses plea against insolvency of Tayo Rolls". The Economic Times. 19 July 2019. ISSN   0013-0389 . Retrieved 17 January 2024.
  2. 1 2 "Profile: Tayo Rolls Ltd (TTYO.BO)". Reuters. Retrieved 22 August 2012.
  3. 1 2 3 4 "Tayo Rolls Ltd. Company History & Profile". The Economic Times. Retrieved 22 August 2012.
  4. "Two group cos drop Tata brand name". The Economic Times. 26 December 2003. Retrieved 23 August 2012.
  5. "Tata Steel arm opens forgings unit". The Hindu. 9 January 2010. Retrieved 22 August 2012.