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]
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.
External links
References
- NCLAT dismisses plea against insolvency of Tayo Rolls The Economic Times, 2019-07-19, retrieved 2024-01-17^
- Profile: Tayo Rolls Ltd (TTYO.BO) Reuters, retrieved 22 August 2012^
- Tayo Rolls Ltd. Company History & Profile The Economic Times, retrieved 22 August 2012^
- Two group cos drop Tata brand name The Economic Times, 26 December 2003, retrieved 23 August 2012^
- Tata Steel arm opens forgings unit The Hindu, 9 January 2010, retrieved 22 August 2012^