Bhubaneswar: Tata Pigments, a 100 per cent subsidiary of Tata Steel, has targeted its annual turnover of Rs 82 crore in this fiscal.
The company in the last fiscal had an annual turnover of Rs 65 crore. To expand its business, the company, which has its state-of-art plant in Jamshedpur, is going set up two processing units in Odisha and West Bengal. This was announced by Om Prakash Gupta, General Manager (Marketing and Sales) at the Annual Business Associates Meet-2012 at hotel Suryansh here today.
While speaking about the business viability of the State, Gupta said that last year, the company had a business turnover of Rs 11crore from Odisha market. This year it plans for a business of Rs 13 crore from the state, he added. Of its total business in the country, Odisha contributes 30 per cent business, he informed.
Tata Pigment is the only Indian manufacturer of synthetic iron oxide pigments in the organised sector.
The company’s product range includes synthetic iron oxide pigments used to lend colour to paints, emulsions, cement floors, plastics, rubber, paper, drugs, printing ink, and other end products. The company also manufactures dry cement paint, exterior emulsion paints, acrylic distempers and cement-based primers. It also exports its products to Nepal and Bangladesh.