TCIL makes new
records in operating results and embarks on growth
The Board of Directors
of The Tinplate Company of India Limited at its meeting
held at Mumbai on 25th April 2006 approved the Annual Accounts
of the Company for the financial year ended 31st March 06.
The Company’s performance has shown significant improvements
in all areas and has resulted in all time high performance
in sales, production and profits.
Operating Performance
•The Company’s business increased from Rs
732 Crs in FY 0405 to Rs 850 Crs in FY 0506. The Profit
before Tax increased from Rs 32.13 Crs in FY 0405 to Rs
39.50 Crs in FY 0506.
•The Company continued its strategic thrust on exports
to specific end users in niche markets in SE Asia, West
Asia and Europe and exported more than 25% of its business.
•The Board has recommended a dividend of 12.5% on
both Non Cumulative Optionally Convertible Preference Shares
and Equity Shares, subject to approval of shareholders at
the Annual General Meeting to be held on 10th July 2006
at Calcutta.
|
|
|
Awards and Recognitions received during the year:
• The prestigious TPM award by Japan Institute of
Plant Maintenance (JIPM) on 16th February 2006 in Japan.
•CII-ITC Sustainability Awards 2006’ - ‘Commendation
for Achievement on Sustainable Development’
•First Position for Sustained Level of High Overall
Productivity by CII (ER)
•Export Excellence Award by EEPC (ER)
|
|
|
|
Growth Plans
•The Company is now embarking on another wave of
growth and transformation towards increasing market reach
and leading the value chain for providing cost effective,
innovative and consumer convenient packaging solutions for
edibles. TCIL established a ‘Solution Centre’
with state of the art printing and lacquering facilities
for strengthening the Company’s ability to provide
value added tinplate. The company will be enhancing the
capabilities of the Solution Center to provide convenient
and cost effective packaging solutions.
• The TCIL Board, in its meeting held on 25th April
2006 has approved plans for doubling up the capacity to
380,000 tons. This will entail in the first phase, setting
up of new tinning line facility of 200,000 tons capacity
by 2008 at Jamshedpur with a capital outlay of Rs 210 Crs. |
| Top |
Back |
