Tayo Rolls
Metal fabrication and processing company from Jamshedpur, India
 | |
| Company type | Subsidiary |
|---|---|
Traded as | BSE: 504961 |
| Founded | 1968; 56 years ago (1968) |
| Fate | Insolvent |
| Headquarters | Jamshedpur, Jharkhand, India |
Key people | Anand Sen (chairman) Om Narayan (managing director) |
| Products | Cast rolls, forged rolls, special castings, pig iron |
| Parent | Tata Steel |
| Website | 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.[needs update]
References
- ^ "NCLAT dismisses plea against insolvency of Tayo Rolls". The Economic Times. 19 July 2019. ISSN 0013-0389. Retrieved 17 January 2024.
- ^ a b "Profile: Tayo Rolls Ltd (TTYO.BO)". Reuters. Retrieved 22 August 2012.
- ^ a b c d "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.
External links
- Tayo Rolls official website
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