Bhubaneswar, June 04: Tata Refractories Ltd (TRL) has planned to invest Rs 84 crore in expanding its main works at Belpahar in Jharsuguda district. The investment would be made in expanding the production capacity from 1,23,000 tonnes to 1,75,000 tonnes over a five year period of 2003-07, TRL managing director C D Kamath told reporters here last night.
Fifty per cent of the funds would be generated internally and the rest was expected to come from equity participation and debt, he said.
The company was set up in 1958 jointly by Tata Steel and Didier-werke of Germany.

While 58 per cent of the investment would be meant for quality and yield improvement, 30 per cent would be intended for increased productivity, he said.
The company posted a turnover of Rs 244 crore and achieved production of 1,09,914 mt during 2003-03. It aims for a turnover of Rs 500 crore by 2008. Bureau Report