Tayo Rolls Explained

Tayo Rolls Limited
Type:Subsidiary
Traded As:BSE: 504961
Fate:Insolvent
Location:Jamshedpur, Jharkhand, India
Key People:Anand Sen (chairman)
Om Narayan (managing director)
Products:Cast rolls, forged rolls, special castings, pig iron
Parent:Tata Steel
Homepage: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]

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

Notes and References

  1. News: 2019-07-19 . NCLAT dismisses plea against insolvency of Tayo Rolls . 2024-01-17 . The Economic Times . 0013-0389.
  2. Web site: Profile: Tayo Rolls Ltd (TTYO.BO). 22 August 2012. Reuters.
  3. Web site: Tayo Rolls Ltd. Company History & Profile. 22 August 2012. The Economic Times.
  4. News: Two group cos drop Tata brand name. 23 August 2012. The Economic Times. 26 December 2003.
  5. News: Tata Steel arm opens forgings unit. 22 August 2012. The Hindu. 9 January 2010.