There are no tin producing companies in India. The major user companies are tinplate and container manufacturing companies. While, the Tata-owned Tinplate Company of India Ltd., is the largest private sector tinplate manufacturer, Steel Authority of India (SAIL) is its counter part in the public sector. All other companies are into tin container manufacturing.
The stock price of Tinplate Company has been moving in a narrow range for past three months and has marginally declined with the fall in tin prices globally. The shares of the company have marginally gained at Rs 12 as on 12the February from Rs 11 at the beginning of November. Shares of Hindustan Tin Works have fallen from Rs 10.40 to Rs 9, while Shetron Limited has slid from Rs 9 to Rs 7.40 . Oriental Containers lost value from Rs 19.90 to Rs 15.60.
The other companies such as Kaira Can, Western Cans, Standard Tin Works, Integrated Caps, India Containers, Manaksia Closures and Caps & Containers are either not traded or not listed on the exchanges.
Tin, as a metal is the most preferred and environmental friendly packing material. But cheaper alterante material containers including tetrapak for the liquid food items and plastic/poly containers for solid-semi-solid food products are out pacing the attraction for tin containers.