TATA Refractories target INR 2000 crore turnover by 2012-2013

Jul. 15, 2010 - TRL was setup in 1958 by Tata Steel and Dider-Werke at Belpahar in Odisha. It has also equity participation from SAIL, the largest public sector steel producer of India. Refractories are used in all high temperature processes to protect the reactors and personnel from the influence of heat and hot materials. Thus, Refractories are critical consumables in metallurgical and other industries where pyro-processes are involved. TRL today has grown into the leading refractory manufacture in India meeting the demands of Refractories for the Steel, Glass, Non-ferrous and Petrochemical industries both in India and Abroad. TRL is the number one Refractories company in India with around 23% of the market share. TRL has widest range of products in its basket.
With an annual capacity of 3,88,760 MT the company has got the largest facility under one roof in the world. Its main Works is strategically located at Belpahar, Jharsuguda dist. Odisha, which is close to major steel plants and some raw material sources. TRL has also plants and operations in Gujarat, Hyderabad, Jhansi, Jamshedpur (Jharkhand), Karuppur (Salem, Tamilnadu) and captive mines in Chuinpali and Talbasta in Odisha. As a strategic measure on raw material security, plants have been setup in China for magnesia based, Gujarat for bauxite based and in Hyderabad and Jhansi to manufacture alumina based refractories. TRL china is a separate joint venture company and other three plants are operated on a special arrangement of virtual acquisition.
TATA Refractories is targeting a turnover of INR 2,000 crore by 2012-13 from INR 950 crore at present, expecting that exports of the company would double the turnover in three years.Mr AK Chattopadhyay MD of TATA Refractories told reporters that At present export constitute 14% of the turnover, which is likely to grow to 25% during that period. TATA Refractories export turnover was INR 136 crore in 2009-10. It has set a target of INR 500 crore export revenue by 2012-13. In the current fiscal (2010-11) he expects to clock a turnover of INR 240 crore from export.
Mr Chattopadhyay said chunk of export revenue of the company in 2010-11 would come from Corus. He said that "Our export to Corus was INR 5 crore last year, which will go up to INR 70 crore this. This will be largely due to fact that the European refractory makers cannot compete with us on price. We have a competitive age on this."