The Tinplate Company of India Ltd (TCIL) will invest Rs 1,787 crore for establishing a 3-lakh-tonnes-per-annum manufacturing facility in Jharkhand's Jamshedpur.

A pact was inked between the company and the Jharkhand government in this regard at a ceremony to mark the completion of four years of the JMM-led government in the state.

In a statement, TCIL said,"This landmark MoU heralds the establishment of a cutting-edge 300,000 Tons per Annum (TPA) manufacturing facility in Jamshedpur, backed by an investment of approximately Rs 1,787 crore."

The facility will not only enhance Tinplate's manufacturing capabilities with advanced technology and automation, but also contribute significantly to both domestic and export markets, bolstering the state's industrial growth, it said.

TCIL managing director R N Murthy said,"We are committed to partnering with the Jharkhand Government and local communities to promote economic and social development, including job creation, increased revenue, and skill development opportunities for the local workforce."

Chief Minister Hemant Soren had in April taken part in the groundbreaking rituals for TCIL's expansion project in Jamshedpur.