Chairman of Tinplate Koushik Chatterjee told shareholders at the company's AGM here today that so far, the company followed the conversion route of making tinplates from hot rolled (HR) coils sourced from Tata Steel.
He said that although sourcing from Tata Steel would continue, Tinplate would now have the flexibility to get supplies from other sources if such a need arose.
"This will help boosting profitability of the company", he said.
Chatterjee said that the prices of tinplates were dependent on prices of HR coils.
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The company was also looking at growth aggressively to counter competition from other domestic firms and foreign competition.
He said that Tinplate's market share within the country was 43 per cent, and ten per cent globally along with Tata Steel Europe.
Chatterjee said the company was working closely with Tata Steel Europe to develop new product mix by using the R&D centre based in Netherlands.
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