TCR Engineering Plans IPO by 2025 and Expands Operations
In an exciting development, TCR Engineering, a renowned materials testing and non-destructive testing company, announces its ambitious expansion plans in India. President Rohit Bafna reveals that the company aims to launch its initial public offering (IPO) by 2025, marking a significant milestone in its 50-year journey.
TCR Engineering has set its sights on serving the eastern and northeastern states of India through its new facility in Bhubaneswar. This state-of-the-art establishment will provide an extensive range of materials testing services, including mechanical testing, chemical analysis, and metallurgical testing. Additionally, the company’s non-destructive testing services will encompass ultrasonic testing, radiographic testing, magnetic particle inspection, and more.
The company’s materials testing lab in Odisha already serves numerous prestigious clients such as Arcelor Mittal Nippon Steel, IFFCO, and Essar Construction. Furthermore, TCR’s non-destructive testing services division, located in Bhubaneshwar, has successfully completed projects for IOCL and GAIL, specifically the Jagdishpur-Haldia-Bokaro-Dhama Pipeline (JHBDPL), focusing on the Dhamra-Angul (DAPL) and Bokaro-Angul (BAPL) sections in Odisha.
TCR Engineering is deeply involved in cross-country projects for IOCL, specializing in radiography testing and non-destructive testing (NDT). Noteworthy projects, including the Paradip-Somnathpur-Haldia Pipeline, Paradip-Haldia-Durgapur LPG Pipeline, and multiple city gas distribution pipeline initiatives, are part of their extensive portfolio.
The company has also collaborated with Mecon, working on infrastructure projects for various GAIL spreads. Specifically, TCR Engineering’s expertise has been instrumental in the execution of the Jagdishpur-Haldia-Bokaro-Dhamra Pipeline (JHBDPL), comprising the Dhamra-Angul Pipeline (DAPL) and the Bokaro-Angul Pipeline (BAPL).
Established in 1973, TCR Engineering Services is a reputable independent material testing laboratory, third-party inspection, and NDT services provider, catering to a global clientele of over 3,000 customers.
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TCR’s materials testing division proudly serves the defense industry, working with esteemed clients such as HAL, L&T, Bharat Forge, NMRL, DMRL, MTAR, and Midhani. The company possesses state-of-the-art fatigue testing machines, which are in high demand within the aerospace defense industry sector.
With its remarkable expansion plans and IPO aspirations, TCR Engineering continues to solidify its position as a leader in the materials testing and non-destructive testing field, delivering exceptional services to clients worldwide.
About TCR Engineering:
TCR Engineering Services was established in 1973 and has since emerged as India’s premier material testing and research company. Its founder, Mr. V. K. Bafna, a passionate metallurgist, envisioned offering genuine and sustainable solutions to companies that would propel their advancement. Throughout the years, TCR Engineering Services has experienced substantial growth and established itself as a leader in the industry.
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