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Type | Subsidiary |
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BSE: 504961 | |
Founded | 1968 |
Fate | Insolvent |
Headquarters | Jamshedpur, Jharkhand, India |
Key people | Anand Sen (chairman) Om Narayan (managing director) |
Products | Cast 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]
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]
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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