Tata Sponge Iron Tata Sponge Iron (TSIL) manufactures sponge iron. Incorporated in 1982, the company, formerly known as Ipitata Sponge Iron, was set up as joint venture between Tata Steel and the Industrial Promotion and Investment Corporation of Orissa (IPICOL). It became an associate company of Tata Steel in 1991.read profile media media Tata Sponge production surges 8 per cent to record 3.9 lakh tonne in 2016-17July 15, 2017 Digambar P Deshpande joins Tata Sponge as managing directorApril 01, 2013 Tata Sponge Q3 net up 23% at Rs 21 crJanuary 22, 2013 Tata Sponge Q2 net grows two-fold to Rs 21.73 croreOctober 28, 2011 press releasesmedia reports Interviews and stories Interviews and stories Sponge effect Tata Sponge has soaked up a host of lessons in a difficult industry to emerge with the credentials and capabilities to soar further stillmore interviews and stories