Jharkhand Chief Minister Hemant Soren on Monday performed the groundbreaking rituals for Tata Group firm Tinplate Company of India Ltd’s (TCIL) Rs 2,000-crore expansion project in Jamshedpur.

Soren launches TCIL’s Rs 2,000 crore expansion project in Jamshedpur

TCIL’s current capacity is 415,000 tonnes; first phase of expansion, which involves an investment of Rs 2,000 crore, would add another 300,000 tonnes

Tata Steel subsidiary Tinplate Company set for Rs 2,000 crore expansion

Besides Angul Energy, the six subsidiaries to be merged with Tata Steel are Tata Steel Long Products (TSPL), The Tinplate Company of India, Tata Metaliks, TRF, Indian Steel & Wire Products, and Tata Steel Mining and S&T Mining Company.

Merger of seven subsidiaries with Tata Steel to be completed by FY24, says CEO Narendran

Tinplate Company of India announced that its net profit declined 61.7% to Rs 36.38 crore on 18.7% decrease in net sales to Rs 867.06 crore in Q3 FY23 over Q3 FY22.

Tinplate Company Q3 PAT declines 61% YoY

Tinplate Company of India standalone net profit declines 61.68% in the December 2022 quarter

Tinplate Company of India reported a net loss of Rs 35.10 crore in Q2 FY23 as against a net profit of Rs 74.93 crore in Q2 FY22.

Tinplate Company records loss of Rs 35 crore in Q2 FY23

Tinplate Company of India reports standalone net loss of Rs 35.10 crore in the September 2022 quarter

On Friday, the board of Tata Steel approved the amalgamation of its seven subsidiaries -- Tata Steel Long Products, Tata Metaliks, The Tinplate Company of India, TRF Limited, Indian Steel & Wire Products, Tata Steel Mining and S&T Mining -- into itself. After successfully integrating Bhushan Steel, …

Merger of entities with Tata Steel will simplify management, help focus on business: CFO

The group has initiated the process to consolidate its seven subsidiaries including four listed companies Tata Metaliks, Tata Steel Long Products, TRF Ltd and Tinplate Company of India Ltd into Tata Steel Ltd. The other three companies are Indian Steel & Wire Products Ltd, Tata Steel Mining Ltd and …

Consolidation of Tata Steel is likely to be a complex process, say experts

Four of these companies - Tata Steel Long Products, Tinplate Company, Tata Metaliks and TRF - are listed. Their stocks declined after the merger announcement, falling between 5% and 12%, amid a broader emerging-market equities sell-off triggered by the climb of the dollar index to a fresh record.

Tata Steel to merge seven group companies with self

The companies to be merged into Tata Steel are Tata Steel Long Products, Tinplate Company of India Limited, Tata Metaliks Limited, TRF Limited, Indian Steel and Wire Products Limited, Tata Steel Mining Limited and S&T Mining Company Limited.

Seven Tata Group metal companies to merge with Tata Steel; all you need to know

Price return has been average, nothing exciting

Performance

Seems to be overvalued vs the market average

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Financials growth has been moderate for a few years

Growth

Showing good signs of profitability & efficiency

Profitability

The stock is overpriced but is not in the overbought zone

Current price is more than the intrinsic value

Fundamentals

Good time to consider, stock is not in the overbought zone

Technicals

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Promoter pledged holding

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The Tinplate Company of India Limited is a producer of tin coated and tin free sheets. The Company manufactures various grades of electrolytic tinplates, tin-free steel sheets and full hard cold rolled sheets (FHCR) used for metal packaging.