MISSION 2000 - For a surge of Change & Growth

Tata Refractories Limited has launched its most ambitious growth plan code named "MISSION 2000" to achieve a revenue of Rs 2000 crores by the year 2012-13. Earlier the Company had rolled out its first five year plan named as "Fortune 500" program during 2002-03, with an aim to reach a top line of Rs.500 crores which was completed one year ahead of schedule .

This success spurred us to go for MISSION 2000 - For a Surge of CHANGE & GROWTH. The CAGR growth of Consuming Industries is another contributing factor.

Mission 2000 basically aims at projecting Tata Refractories Limited as a global player catering to Steel, Aluminium, Copper, Glass and Cement industries. The Capex plan includes steps in the direction of Capacity Enhancement of the product lines, Replacement of Old equipments, Productivity and Quality Improvement for the products and Energy Conservation . To have the cutting edge over the competitors it is required that initiative in the direction of Technology, Research & Development, Maintenance, Utilities, IT, & Telecommunication be taken. Considering the volume and size of Tata Refractories Ltd. in 2012-2013 it also encompasses developmental steps in the direction of Office, Township and Society be taken.

Mission - 2000 capex program will spread for a span of five years from the financial year of 2008~09 to 2012~13. Peak of the capex will be in the year 2008~09 and will slowly phase down. More over the capex will mostly be on the capacity enhancement, productivity improvement, technology and R&D.

Major part of the capex for the capacity enhancement would be shared by High Alumina, Silica and FCP Departments. A plant for High Alumina and FCP is proposed out side the Belpahar works as it is not feasible to grow further here. Now it has been decided to put the plant in Vizag. Further expansion of the Silica would be carried out in the Belpahar works. Expansion of the Basic plant would be carried at the TRL China works.

For the productivity improvement a major part would be invested for Dolomite, Basic and Monolithic Department. About 3.0% of the capex would be each spent for quality improvement and maintenance & utilities. About 8.0% of the capex would be spent for Energy and Environment. A captive power plant at Belpahar is also in the proposal. 5.4% of the capex is will be spent on Office, township and society. A Skill Development Centre & a Multipurpose Community Centre will be put up coinciding with the Golden Jubilee Celebrations of the Company in 2008.