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Tinplate Company of India Ltd. Company History and Annual Growth Details

1920 - The Company was incorporated on 20th January, as a Private
Limited company and commenced business thereafter. It became a
public limited company from 27th December, 1968. Until the year
1920 or thereabout, India's entire requirement of tinplate was
imported and most of these imports were utilised by Burmah Oil
Co., Ltd., (BOC) to fabricate containers for marketing its
kerosene oil and other petroleum products in India. Imports of
tinplate were severely curtailed during the first World War and
BOC as the largest users of tinplate were seriously effected by
wartime scarcity. The main objects Manufacture of timplate and

1922 - Tata Iron & Steel Co.Ltd., who were then looking for an outlet
for the steel produced at their Jamshedpur plant and BOC who
required the tinplate joined the venture with 1/3 and 2/3
participation respectively in the share capital of the company.
Production commenced in December.

- The company's existing plant was established in this year, and
employed the technology available at that time.

1928 - Capital reduced by cancelling capital lost or unrepresented by
available assets to the extent of Rs. 8.50 per share and by
redducing the face value of the shares from Rs. 15 to Rs. 6.50.

1936 - 5,00,000 shares of Rs. 6.50 each consolidated into 25,000 shares
of Rs. 130 each. shares were then subdivided into 3,25,000 shares
of Rs. 10 each. 4,25,000 bonus shares issued in propn. 17:13.

1955 - 5,00,000 Bonus shares issued in propn. 2:3.

1973 - New electrolytic tinning-cum-tin free steel combination coating
line in the surplus land at the existing plant for the production
of tinplate and tin-free steel (chromium coated plates) which
would expand the existing capacity by 90,000 tonnes to 1,60,000
tonnes per annum.

- It was decided to use Ferrostan process for the manufacture of
tinplate using phenol sulphonic acid electrolyte system and
TFS-III process for the manufacture of tin-free steel using
chromic acid as electrolyte. The know-how for these processes
was to be supplied by Wean United Canada, Ltd. Canada (WEA) with
whom a technical collaboration was entered into on 13th July, for
a period of ten years.

1975 - 10,00,000 Bonus shares allotted on 30th April. 37,50,000 shares
issued at par during August; 3,00,000 shares to The Tata Iron &
Steel Co. Ltd., 50,000 shares to the employees of the Company and
1,00,000 shares to LIC were reserved for allotment and 33,00,000
shares offered to the public.

1981 - 12,00,000 No. of equity shares allotted at par to financial
institutions on conversion of loans: 4,50,000 shares to IDBI;
1,50,000 shares each to IFCI and UTI; 2,50,000 shares to ICICI
and 2,00,000 shares to LIC.

1985 - 30,00,000 No. of equity shares issued at par to IDBI, ICICI,
IFCI, LIC, UTI and Tata Iron & Steel Co., Ltd in conversion of
loans and accrued interest thereon.

1986 - Bladite Holdings, Ltd. (UK) (formerly Burmah Oil Company (India
Trading), Ltd., U.K.) sold their entire holding of 15,00,000 No.
of equity shares of Rs. 10 each in the Company to Tata Iron &
Steel Co., Ltd. on 14th January.

1987 - The hot dip plant achieved an all time high production and
operated at 121% of the rated capacity. The electroyltic
tinplate plant remained idle for 8 months in the year for want of
TMBBP coils.

1988 - The Company signed an agreement with Bihar State Industrial
Development Corporation Ltd. for the setting up a 35,000 TPA
GP/GC Sheets. Subject to necessary approvals including the MRTP,
the Company proposed to set up a Company in the name of 'Tiscoat
Metals, Ltd.,' for the implementation of the said project.

- The gas producer plant and the accompanying coal handling plant
were commissioned. The Company also undertook the work on
setting up a semi mechanisation unit of hot mills. During the
year, the Company's application for a letter of Intent for cold
rolling mill to produce TMBP was under Government's

1989 - The electroytic tinplate plant operated efficiently.

- A letter of intent approving a plant capacity of 1,10,000 tonnes
per year was received for the manufacture of TMBP coils.

1990 - During the year few steps were taken in consultation with
TCIL-Bihar State Industrial Development Corporation (BSIDC) for
expediting the project.

1991 - The electrolytic tinplate plant had virtually remained idle for
five months owing to short supply of imported tin mill black
plates and tin on account of severe restriction on imports.

- The Company proposed to set up manufacturing facilities to
produce TMBP coils.

1992 - During October-November, the Company issued 50,59,800 - 15%
secured fully convertible debentures of Rs. 150 each on rights
basis in the proportion of 1 debenture : 2 equity shares held.
(all were taken up).

- Another 2,52,995 - 15% fully convertible debentures were offered
to the employees of the Company on an equitable basis. (only
1,16,850 debentures taken up). Unsubscribed portion was allowed
to lapse.

- Part A of Rs. 50 of each debenture was to be converted into one
equity share of Rs. 10 each at a premium of Rs. 40 per share at
the end of six months from the date of allotment.

- Part B of Rs. 100 of each debenture was to be converted into 2
equity shares of Rs.10 each at a premium of Rs. 40 per share at
the end of six months but not later than 12 months from the date
of allotment.

1993 - Production in the hote dip plant amounted to 1,32,294 tonnes. In
spite of unfavourable market conditions, the performance of
electrolytic tinplate plant was reported to be satisfactory.

1994 - The performance of hot dip plant showed improvement in regard to
product-mix, fuel consumption and other operational parameters.

- The performance of electrolytic tinplate plant was affected due
to the severe competition from imported tinplate on account of
substantial reduction in the import duty on tinplate.

- 33,00,000 No. of equity shares (Prem. Rs. 40 issued to Financial
Institutions, Mutual Funds on private placement basis.

1995 - The performance of hot dip plant improved its product-mix with
Hi-Silicon sheets.

1996 - The performance of both hot dip plant and electrolytie tinplate
plant was not satisfactory on account of reduction in the market
for the products produced in the HDP and crash in tinplate
products in the international market.

1997 - Performance of HDP was affected as HDP products lost its
competitiveness due to technological obsolesence. Cold Rolling
Mill and ETP performed satisfactorily despite sluggish market.

2000 - The company has signed agreement with CDSL, NSDL and Tata
Share Registry (R&T agent) for dematerialisation.

- The Company has signed an agreement with CDSL for dematerialisation.
Tata Share Registry Ltd has been appointed as the R&T agent for the


- Tinplate Company of India Ltd has appointed Mr. Tarun Kumar Daga as an Additional Director and also as an Executive Director of the Company with effect from March 09, 2009 for a period of 5 years subject to the approval of Shareholders at the next General Meeting of the Company.
Oct 25, 12:00 am
Oct 25, 4:14 pm
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