Tayo Rolls

Tayo Rolls Limited is a subsidiary of Tata Steel, originally promoted with Japanese collaborators to produce essential components like cast and forged rolls for metallurgical industries. The company’s philosophy is to have its management serve and protect the long-term interests of all stakeholders, including shareholders, employees, and suppliers. However, due to financial difficulties, the company's operations have been suspended since May 2016, leading it into a Corporate Insolvency Resolution Process (CIRP). Under this process, the company's affairs and assets are currently being managed by a Resolution Professional appointed by the National Company Law Tribunal. A Resolution Plan for the company's revival has been submitted by Jharkhand Bijli Vitran Nigam Limited (JBVNL) and approved by its lenders. This revival plan has now been filed for final approval with the National Company Law Tribunal, and the order is currently awaited.;