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Tinplate Company Of India Limited: Tata Steel arm TCIL reports Rs 35 cr loss in Sept

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Jul 23, 2023

Tinplate Company Of India Limited: Tata Steel arm TCIL reports Rs 35 cr loss in Sept

TCIL, a subsidiary of steel major Tata Steel Ltd, is India's leading tinplate producer having over 40 per cent domestic market share. The government said British Steel had agreed to maintain current

TCIL, a subsidiary of steel major Tata Steel Ltd, is India's leading tinplate producer having over 40 per cent domestic market share.

The government said British Steel had agreed to maintain current operations and job numbers while the talks were under way.

The Mumbai bench of the National Company Law Tribunal (NCLT), presided over by members PN Deshmukh and KK Vohra, in an oral order allowed the application filed by the resolution professional of the company.

Read More: Britain in talks with British Steel and Tata to secure industry's future

The government said British Steel had agreed to maintain current operations and job numbers while the talks were under way.

See More DetailsNCLT approves ArcelorMittal subsidiary’s resolution plan for Uttam Galva Steel

The Mumbai bench of the National Company Law Tribunal (NCLT), presided over by members PN Deshmukh and KK Vohra, in an oral order allowed the application filed by the resolution professional of the company.

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