About Us
Inception
Tata Sponge Iron Limited (TSIL) was incorporated in 1982 as a joint venture of Tata Steel and the Industrial Promotion & Investment Corporation of Orissa Limited (IPICOL). It was set up for the production of sponge iron based on the TISCO Direct Reduction (TDR) technology, which was developed in-house at Tata Steel. Later during 1991, Tata Steel acquired IPICOLs stake and at present TSIL is a sister company of Tata Steel.
Shareholding
The shareholding pattern has changed over the years as can be seen from the table below. The pie-chart shows the current distibution. A more detailed shareholding pattern can be found in the Financial section of the site.
| TSIL's Equity distribution since inception | |||
| Equity | 1984 | 1991 | 2005 |
| Promotor, %age | 25 | 51 | 41 |
| IPICOL, %age | 26 | - | - |
| FI & FIIs,% | - | - | 3 |
| Public, %age | 49 | 49 | 56 |
Growth
The plant was initially designed for a production capacity of 90,000 TPA, which was enhanced to 1,20,000 TPA through various modifications during 1990-91. Later, to cater to the growing demand of quality sponge iron, TSIL increased its capacity by adding a second kiln of equivalent capacity in 1998-99. A third kiln of 150,000 TPA capacity was added in 2005-06.
In December, 2001 TSIL commissioned a 7.5 MW captive power plant to produce electricity from the waste heat of exit gases of its Kiln No.2. This has helped the company to become self sufficient in power. A second power plant of 18.5 MW fed by the waste heat generated by Kiln No. 3 was commisioned in November, 2006. It has the potential to sell its surplus power, which is currently pending government approval.
Quality
TSIL was the first Indian sponge iron company to receive ISO-9002 certification. The company has also won several prestigious national awards in product quality, as well as national & state awards in safety.
Ideally Located
TSIL is located at Bilaipada near Joda, in the Keonjhar District of Orissa. From the point of view of raw materials availability, infrastructure facilities and accessibility to the market, the plant is ideally located in the close proximity of iron ore mines and sponge iron consumers of Eastern region.