The Tinplate Company of India Limited (TCIL), a unit of Tata Steel, has signed a Memorandum of Understanding (MoU) with the Government of Jharkhand to demonstrate its commitment to the state's economic development.

The MoU was signed in Ranchi between R N Murthy, Managing Director of TCIL, and Shri Jitendra Kumar Singh, IAS, Secretary-Industries, Government of Jharkhand, in line with the state's emphasis on job creation through the Jharkhand Industrial and Investment Promotion Policy 2021.

This historic MoU signals the establishment of a cutting-edge 300,000 Tonnes per Annum (TPA) manufacturing facility in Jamshedpur, backed by a Rs 1,787 crore investment. This expansion project, which is set to begin in 2026, is expected to create approximately 600 direct and indirect job opportunities. The cutting-edge facility will not only improve Tinplate's manufacturing capabilities through advanced technology and automation, but it will also significantly contribute to both domestic and export markets, bolstering the state's industrial growth.

R N Murthy, Managing Director of TCIL, expressed delight in the expansion, emphasizing the company's commitment to Jamshedpur and Jharkhand's economic and social development.

"We are committed to partnering with the Jharkhand Government and local communities to promote economic and social development, including job creation, increased revenue, and opportunities for skill development for the local workforce," Murthy said. We are grateful to the Jharkhand government for its unwavering support."

Tinplate and Tin Free Steel, two of TCIL's main product lines, are adaptable packaging substrates used in a variety of sectors. TCIL is a key player in India's domestic tinplate market, serving varied areas such as edible oils, paints and pesticides, processed foods, batteries and aerosols, and bottle crown manufacturers.

Furthermore, roughly 25% of TCIL's revenues contribute to the company's global presence in South-East Asia, the Middle East, and certain European markets. TCIL, which was founded in 1920, is still evolving, aligning its growth plan with Tata Steel's objective for sustainable development and environmental care.