TAYO ROLLS SOME NEWS
hi kkpji
i have positions in tayo roll as per advice of kukkuji and valueinvestorji
i am observing that it is getting consolidated around 277 or 280
pl give some ideas abt its TA
i want to know whether we can take any position for shorterm
mahavan babu
On Sep 6, 8:48 am, “Bhushan Shukla” wrote: > Thanks for the latest updates. Your posts are eagerly awaited by all > members. > > On 06/09/07, value investor wrote: > > > > > > > > > Hi All > > > *Recommending it from Rs 148 levels Tayo Rolls has some more news to > > share* > > ** > > > Tayo Rolls - Ground Breaking (Bhoomi Pujan) Ceremony > > > *News Body:* > > > Tayo Rolls Ltd has announced that the Company and Yodogawa Steel Works Ltd > > & Nissho Iwai Corporation (since merged with Sojitz Corporation), Japan, > > having established itself as a leading Cast Iron and Steel Roll > > manufacturer, now enters into Engineering Forging and Forged Roll segment. > > > The Company has been in the Forged Roll market since 1999 through Finish > > machining of Rough turned hardened forged steel blanks, imported from USA. > > Having tested the domestic Forged Roll market and in order to cater to the > > increase in demand for Forged Rolls, the Company felt appropriate to have > > its own facility for manufacture of Forged Rolls. The Company is now puffing > > up integrated facilities for manufacture of Forging Quality Ingots > > (including round ingots), Forged Bars, Engineering Forgings and Forged > > Rolls. The total outlay for the project is estimated at Rs 142 crores. The > > plant would be coming up at the Company’s present location, at Large Scale > > Industrial Estate, Gamharia, Jharkhand. > > > The project envisages setting up three modem facilities. A Ladle Furnace & > > Vaccum Degassing unit would be added to the existing Melt Shop consisting of > > MBF and Arc Furnace to manufacture Forging Quality Ingots, including round > > ingots. A modem Forge Shop with 2,500 tonnes open die forging press along > > with other auxiliaries would be set up for the manufacture of Engineering > > Forgings and Forged Roll Blanks. A state of the art Induction Hardening > > facility, a core requirement for Forged Rolls would also be set up along > > with other facilities like cryogenic treatment, heat treatment and machining > > facility to manufacture Forged Rolls. > > > The Company would be manufacturing Forging Quality Ingots, including round > > ingots, Engineering Forgings for oil, gas, wind mill and for other > > engineering application apart from Forged Rolls, With Tata Steel’s > > acquisition of Corus, the Company would have greater opportunity to meet > > growing demand of Rolls within the Group. > > > To successfully adapt the required technology, the Company would tie-up > > with Sheffield Forgemasters International Ltd, United Kingdom, a leading > > Forged Roll and Engineering Forging manufacturer of international repute, > > for transfer of technology for the manufacture of Forging Quality Ingots > > upto 25 tonnes, Forged Rolls (Work Rolls and Back-up Rolls) and Engineering > > Forgings. > > > The “Bhoomi Pujan” ceremony for setting up the integrated facilities was > > performed on September 05, 2007, at the Company’s Works, Gamharia, 16 km. > > away from Jamshedpur. Mr. B Mathuraman, Managing Director, Tata Steel, was > > the Chief Guest on the occasion. In his address while congratulating the > > Company, Mr. Muthuraman said that the company is taking right step at the > > right time to meet the growing need of steel sector. He advised that the > > Company should continue its endeavour to think Big and keep creating value > > to its various outputs. He appreciated the Company’s contribution to the > > steel industry globally by supplying high quality rolls and outstanding > > customer’s service, Mr Chairman, of the Company, welcomed the guests. The > > gathering was also addressed by Mr. Rakeshwar Pandey, President, the Company > > Workers Union and Mr. Geoff Marston, from Sheffield Forgemasters > > International Ltd., U.K.. Mr. Suzuki spoke on behalf of the Company’s co > > promoters, Yodogawa Steel and Sojitz Corporation. He reiterated their > > commitment to the Company for all its endeavours both technically and > > financially. Vote of thanks was given by Mr. Pradeep Srivastava, Managing > > Director, of the Company. Mr. Nisbimura from Yodogawa Steel Works and other > > Executives from Sojitz Corporation, Japan, were also present along with the > > Sr. Executives of Tata Steel and other Tata Steel associate Companies. > > > This would definitely go a long way in positioning the Company not only as > > a leading Cast Roll manufacturer but also would give a rare distinction to > > the Company in becoming a ‘One stop shop’ for all categories of rolls > > towards fulfilling the requirements / demand of the growing Steel Sectors, > > both domestic and overseas. > > > — > > VALUE INVESTOR > > > Top line is Vanity, Bottom line is sanity, Cash is reality > > — > Bhushan Shukla- Hide quoted text - > > - Show quoted text -
