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Tata Metaliks Kubota Pipes Limited (TMKPL), a joint venture between Tata Metaliks and Kubota Corporation of Japan, has inaugurated a 1.1 lakh tonne per annum ductile iron (DI) pipe facility within the premises of Tata Metaliks’ pig iron plant at Kharagpur, West Bengal.
TMKPL plans to raise its capacity to two lakh tonne within the next six months as part of its expansion plans in phase two of the venture. The company plans to tap a growing market for DI pipes which are primarily used for transportation of drinking water.
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Through its link with Kubota Corp, one of the global leaders in DI pipes, TMKPL is also poised to prise open a crucial export market in countries like Southeast Asia and the Middle East.
According to industry data, the domestic market is growing at 10-12% per annum given the large infrastructure projects and the emphasis on water distribution from both the Centre and state governments. TMKPL will be competing for marketshare with established DI pipe manufacturers like Electrosteel Castings and Jindal Saw.
Tata Metaliks has 51% stake in TMKPL, with Kubota Corporation holding 44% of the equity, while the remaining 5% stake is held by Metal One, one of the largest steel trading companies globally with a turnover of around $35 billion.
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