Tata Steel Limited formerly Tata Iron and Steel Company Limited (TISCO) is an Indian multinational steel-making company headquartered in Mumbai, Maharashtra, India, and a subsidiary of the Tata Group.
It is one of the top steel producing companies globally with annual crude steel deliveries of 27.5 million tonnes (in FY17), and the second largest steel company in India (measured by domestic production) with an annual capacity of 13 million tonnes after SAIL.
Tata Steel has manufacturing operations in 26 countries, including Australia, China, India, the Netherlands, Singapore, Thailand and the United Kingdom, and employs around 80,500 people. Its largest plant located in Jamshedpur, Jharkhand. In 2007 Tata Steel acquired the UK-based steel maker Corus.
 It was ranked 486th in the 2014 Fortune Global 500 ranking of the world's biggest corporations. It was the seventh most valuable Indian brand of 2013 as per Brand Finance.
|Tata Steel Limited|
|Tata Iron and Steel Company|
|Traded as||NSE: TATASTEEL|
BSE SENSEX Constituent
CNX Nifty Constituent
|Founded||25 August 1907|
|Headquarters||Mumbai, Maharashtra, India|
T. V. Narendran
(CEO & Managing Director, Tata Steel Ltd.)
|Products||Steel, flat steel products, long steel products, wire products, plates|
|Revenue||₹133,016 crore (US$19 billion) (2018)|
|₹17,000 crore (US$2.4 billion) (2018)|
Tata Iron and Steel Company was founded by Jamsetji Tata and established by Dorabji Tata on 26 August 1907, and began producing steel in 1912 as a branch of Jamsetji's Tata Group. By 1939, it operated the largest steel plant in the British Empire. The company launched a major modernization and expansion program in 1951. Later, in 1958, the program was upgraded to 2 million metric tonnes per annum (MTPA) project. By 1970, the company employed around 40,000 people at Jamshedpur, and a further 20,000 in the neighbouring coal mines. In 1971 and 1979, there were unsuccessful attempts to nationalise the company. In 1990, the company began to expand, and established its subsidiary, Tata Inc., in New York. The company changed its name from TISCO to Tata Steel Ltd. in 2005.
Tata Steel on Thursday, 12 February 2015 announced buying three strip product services centres in Sweden, Finland and Norway from SSAB to strengthen its offering in Nordic region. The company, however, did not disclose the value of the transactions.
In September 2017, ThyssenKrupp of Germany and Tata Steel announced plans to combine their European steel-making businesses. The deal will structure the European assets as Thyssenkrupp Tata Steel, an equal joint venture. The announcement estimated that the company would be Europe’s second-largest steelmaker, and listed future headquarters in Amsterdam.
NatSteel in 2004: In August 2004, Tata Steel agreed to acquire the steel making operations of the Singapore-based NatSteel for $486.4 million in cash. NatSteel had ended 2003 with turnover of $1.4 billion and a profit before tax of $47 million. The steel businesses of NatSteel would be run by the company through a wholly owned subsidiary called Natsteel Asia Pte Ltd. The acquisition was completed in February 2005. At the time of acquisition, NatSteel had a capacity of about 2 million tonnes per annum of finished steel.
Millennium Steel in 2005: Tata Steel acquired a majority stake in the Thailand-based steelmaker Millennium Steel for a total cost of $130 million. It paid US$73 million to Siam Cement for a 40% stake and offered to pay 1.13 baht per share for another 25% of the shares of other shareholders. For the year 2004, Millennium Steel had revenues of US$406 million and a profit after tax of US$29 million. At the time of acquisition, Millennium Steel was the largest steel company in Thailand with a capacity of 1.7 million metric tonnes per annum, producing long products for construction and engineering steel for auto industries. Millennium Steel has now been renamed to Tata Steel Thailand and is headquartered in Bangkok. On 31 March 2013, it held approx. 68% shares in the acquired company.
Corus in 2007: On 20 October 2006, Tata Steel signed a deal with Anglo-Dutch company, Corus to buy 100% stake at £4.3 billion ($8.1 billion) at 455 pence per share. On 19 November 2006, the Brazilian steel company Companhia Siderúrgica Nacional (CSN) launched a counter offer for Corus at 475 pence per share, valuing it at £4.5 billion. On 11 December 2006, Tata preemptively upped its offer to 500 pence per share, which was within hours trumped by CSN's offer of 515 pence per share, valuing the deal at £4.9 billion. The Corus board promptly recommended both the revised offers to its shareholders. On 31 January 2007, Tata Steel won their bid for Corus after offering 608 pence per share, valuing Corus at £6.7 billion ($12 billion).
In 2005, Corus employed around 47,300 people worldwide, including 24,000 in the UK. At the time of acquisition, Corus was four times larger than Tata Steel, in terms of annual steel production. Corus was the world's 9th largest producer of Steel, whereas Tata Steel was at 56th position. The acquisition made Tata Steel world's 5th largest producer of Steel.
2 Rolling mill companies in Vietnam in 2007: Tata Steel through its wholly owned Singapore subsidiary, NatSteel Asia Pte Ltd, acquired controlling stake in two rolling mill companies located in Vietnam: Structure Steel Engineering Pte Ltd (100% stake) and Vinausteel Ltd (70% stake). The enterprise value for the acquisition was $41 million. With this acquisition, Tata Steel got hold of two rolling mills, a 250k tonnes per year bar/wire rod mill operated by SSE Steel Ltd and a 180k tonnes per year reinforcing bar mill operated by Vinausteel Ltd.
Tata Steel is headquartered in Mumbai, Maharashtra, India and has its marketing headquarters at the Tata Centre in Kolkata, West Bengal. It has a presence in around 50 countries with manufacturing operations in 26 countries including: India, Malaysia, Vietnam, Thailand, UAE, Ivory Coast, Mozambique, South Africa, Australia, United Kingdom, The Netherlands, France and Canada.
Tata Steel primarily serves customers in the automotive, construction, consumer goods, engineering, packaging, lifting and excavating, energy and power, aerospace, shipbuilding, rail and defence and security sectors.
Tata Steel has set a target of achieving an annual production capacity of 100 million tons by 2015; it is planning for capacity expansion to be balanced roughly 50:50 between greenfield developments and acquisitions. Overseas acquisitions have already added an additional 21.4 million tonnes of capacity, including Corus (18.2 million tonnes), NatSteel (2 million tonnes) and Millennium Steel (1.2 million tonnes). Tata plans to add another 29 million tonnes of capacity through acquisitions.
Major greenfield steel plant expansion projects planned by Tata Steel include: 1. A 6 million tonne per annum capacity plant in Kalinganagar, Odisha, India; 2. An expansion of the capacity of its plant in Jharkhand, India from 6.8 to 10 million tonnes per annum; 3. A 5 million tonne per annum capacity plant in Chhattisgarh, India (Tata Steel signed a memorandum of understanding with the Chhattisgarh government in 2005; the plant is facing strong protest from tribal people); 4. A 3 million tonne per annum capacity plant in Iran; 5. A 2.4 million tonne per annum capacity plant in Bangladesh; 6. A 10.5 million tonne per annum capacity plant in Vietnam (feasibility studies are underway); and 7. A 6 million tonne per annum capacity plant in Haveri, Karnataka.
As on 31 March 2018, Tata Group held 31.64% shares in Tata Steel. Over 1 million individual shareholders hold approx. 21% of its shares. Life Insurance Corporation of India is the largest non-promoter shareholder in the company with 14.88% shareholding.
|Promoters: Tata Group companies||31.64%|
|Foreign Institutional Investors||15.35%|
The equity shares of Tata Steel are listed on the Bombay Stock Exchange, where it is a constituent of the BSE SENSEX index, and the National Stock Exchange of India, where it is a constituent of the S&P CNX Nifty.
Its Global Depository Receipts (GDRs) are listed on the London Stock Exchange and the Luxembourg Stock Exchange.
The steel plant produces:
They also produce:
Balasubramanian Muthuraman (Born 26 September 1944) was the Vice Chairman of Tata Steel, India's largest steel manufacturer and chairman Tata International.He has been awarded the Padma Bhushan by the Indian government in 2012. He studied metallurgical engineering at IIT Madras, followed by M.B.A. from XLRI Jamshedpur, and started his career at Tata Steel in 1966. He is also an alumnus of the GMP (General Management Program) at CEDEP, the European Center for Executive Development, where Tata Steel has been a Corporate Member since 1991.
He is also the former Chairman of the Board of Governors of XLRI- Xavier School of Management (XLRI), Jamshedpur and National Institute of Technology, Jamshedpur (N. I. T.). Mr. B Muthuraman, was also nominated as the Chairman of the Board of Governors of IIT Kharagpur by the Honourable President of India, Mrs. Pratibha Patil.
He retired at the age of 70, as per norms laid out by the Tata Group.Bhushan Steel
Tata Steel BSL Limited, formerly known as Bhushan Steel Limited is the largest manufacturer of auto-grade steel in India. Tata Steel BSL Limited, with a large amount of debt in proportion to its equity (3.5 times more), is a highly leveraged company. The company's consolidated debt stands at ₹31,839 crore, having risen 18 per cent from a year ago. The Company is spending Rs. 260 billion to expand its capacity to 12 million tonnes annually, from the present installed capacity of around one million tonnes.Insolvency proceedings were initiated against the company on 26 July 2017 under the Insolvency and Bankruptcy Code, 2016.On November 27, 2018 the company was renamed as Tata Steel BSL Limited from Bhushan Steel Limited. Tata Steel on 18 May 2018 announced the completion of its acquisition of the then Bhushan Steel (BSL) through its wholly owned subsidiary Bamnipal Steel Ltd (BNPL), wrapping up the resolution of the first case under Insolvency and Bankruptcy Code, 2016. The bankrupt firm was among the 12 stressed assets the RBI had referred for NCLT proceedings last year.Hikaru Nakamura
Hikaru Nakamura (ヒカル・ナカムラ, Nakamura Hikaru, born December 9, 1987) is a Japanese-American chess grandmaster.
He is a four-time United States Chess Champion, who won the 2011 edition of Tata Steel Group A and represented the United States at five Chess Olympiads, winning a team gold medal and two team bronze medals. He has also written a book about bullet chess called Bullet Chess: One Minute to Mate.His peak USCF rating was 2900 in August 2015. In October 2015, he reached his peak FIDE rating of 2816, which ranked him second in the world. In May 2014, when FIDE began publishing official rapid and blitz chess ratings, Nakamura ranked number one in the world on both lists.Jamshed Jiji Irani
Jamshed Jiji Irani, K.B.E., FREng is an Indian industrialist. Educated in Metallurgy, he joined British Iron and Steel Research Association. Later he joined Tata Steel where he was elevated to chief post gradually from which he retired in 2007. Later served on boards various Tata group and other companies. He received Padma Bhushan in 2007.Jamshedpur
Jamshedpur (, pronunciation ) is the most populous urban agglomeration in the Indian state of Jharkhand. It is named after Tata Group founder Jamsetji Tata.
Jamshedpur is the headquarters of the East Singhbhum district of Jharkhand. According to the 2011 census of India, Jamshedpur (East Singhbhum & Seraikela-Kharsawan) district has a current population of 1,337,131; the Jamshedpur urban agglomeration (UA), which includes the adjoining areas and the country's 36th-largest urban agglomeration. It is the first planned city of India. It is located on the Chota Nagpur plateau and is surrounded by the picturesque Dalma Hills. The city is bordered by the rivers Subarnarekha and Kharkai on the north and west parts of the city. Jamshedpur is home to the world's eighth largest steel manufacturing company, Tata Steel.Jamshedpur FC
Jamshedpur Football Club is an Indian professional football club based in Jamshedpur, Jharkhand. The club has competed as a member of Indian Super League since the 2017–18 season under licence from the All India Football Federation (AIFF). The club was established on 12 June 2017, when Tata Steel won the bidding rights for one of two expansion spots in the Indian Super League.
The club is owned by Tata Steel, a subsidiary of the Tata Group. Jamshedpur FC is the first club in the Indian Super League to have its own Stadium and its own training ground. They used graduate from Tata Football Academy (TFA) founded by Tata.Joda
Joda is a planned industrial and modern city and municipality in the Kendujhar district of the state of Odisha, India. The area has rich Iron & Manganese ore deposits and the economy centres on the large-scale production of Iron Ore & Manganese Ore. This helps in economic growth of the area.A all weather river named Sona River passes through Joda city. This is the lifeline of the city, as it fullfils the water needs.It is one of the fifth scheduled areas of odisha.Keenan Stadium
Keenan Stadium, is a multi-purpose stadium and an International Cricket Stadium in Jamshedpur, India. It is currently used mostly for cricket and football matches. It is also known as a venue for archery.
The stadium is named after John Lawrence Keenan a former general manager of the Tata Steel. The stadium is situated in Northern Town area of Bistupur & is owned by Tata Steel. It has a capacity of 19,000 people.
Since being built in 1939 the ground has hosted Ranji Trophy matches for the Bihar now Jharkhand cricket team. The venue staged its first international match in December 1983 when West Indies beat India in a One Day International.
The ground has staged a further 9 One Day Internationals out of which India has won only 1, the most recent in April 2006 when England beat India by five wickets.This stadium became infamous, for crowd turning violent and throwing crackers on field during India against West Indies match in 2002/03.
Sourav Ganguly scored a 100 to help India win its only match here. Former Indian captain MS Dhoni has played many matches for Jharkhand in this stadium. He has spent a lot of time in this stadium in his early days when JSCA stadium was not built in Ranchi, and also featured in M.S. Dhoni: The Untold Story, the biopic on Dhoni.Rabobank IJmond Stadion
Rabobank IJmond Stadion (also known by its former name as the TATA Steel Stadion, and (Sportpark) Schoonenberg Stadion [ˈsxoːnə(m)bɛr(ə)x ˌstaːdijɔn]) is the home ground of the Dutch first-division football team Telstar. It is located in Velsen-Zuid, approximately 25 kilometers west of Amsterdam, the Netherlands. It was opened in 1948, with minor renovations in 1999.
The stadium, with a capacity of 3.060, consists of an all-seater east stand, a small terraced south stand, and an all-seater west stand. on the south stand are no seats. The latter stand was built in 2009 and has several built-in features, including new changing rooms, offices, and improved sponsor seating.Raghubar Das
Raghubar Das (born 3 May 1955) is the Chief minister of Jharkhand state of India. He was sworn in as the 6th chief minister of Jharkhand on 28 December 2014. He is an Indian politician and belongs to Bharatiya Janata Party. A former employee of Tata Steel, he served as the member of legislative assembly for five times, representing Jamshedpur East since 1995. He also served as the Deputy Chief Minister and the Urban Development Minister during the BJP-led government in the state. During the period of emergency (25 June 1975), he was sent behind the bars.Ratanji Dadabhoy Tata
Ratanji Dadabhoy Tata (R.D. Tata, 1856–1926) was an Indian businessman who played a pivotal role in the growth of the Tata Group in India. He was the first cousin of Jamsetji Tata, a pioneering industrialist of India and the Founder of Tata Sons. He was one of the partners in Tata Sons founded by Jamsetji Tata. Ratanji is the father of J. R. D. Tata.Russi Mody
Rustomji Homusji Mody, known to most as Russi Mody (17 January 1918 – 16 May 2014) was a chairman and managing director of Tata Steel and a leading member of the Tata Group.Sijua
Sijua is a neighbourhood in Dhanbad in Jharkhand state, India.Tata Football Academy
Tata Football Academy (Tata FA or TFA) is a football club in Jamshedpur, India, sponsored by Tata Steel. The Tata Football Academy (TFA) is set to be renamed as Tata Atletico Football Academia after the Tata Trusts on Wednesday joined hands with La Liga giants, Atletico de Madrid (ATM), to enhance and strengthen its existing programmes for promoting Indian football.Tata Group
Tata Group () is an Indian multinational conglomerate holding company headquartered in Mumbai, Maharashtra, India. Founded in 1868 by Jamsetji Tata, the company gained international recognition after purchasing several global companies. One of India's largest conglomerates, Tata Group is owned by Tata Sons.Each Tata company operates independently under the guidance and supervision of its own board of directors and shareholders.
Significant Tata companies and subsidiaries include Tata Steel, Tata Motors, Jaguar Land Rover, Tata Consultancy Services, Tata Power, Tata Chemicals, Tata Global Beverages, Tata Coffee, Tata Teleservices, Titan, Voltas,TATA cliq, Tata Communications, and The Indian Hotels Company Limited (Taj Hotels).Tata Steel Chess Tournament
The Tata Steel Chess Tournament is an annual chess tournament held in January in Wijk aan Zee, the Netherlands. It was called the Hoogovens tournament from its creation in 1938 until the sponsor Koninklijke Hoogovens merged with British Steel to form the Corus Group in 1999, after which the tournament was called the Corus chess tournament. Corus Group became Tata Steel Europe in 2007. Despite the name changes, the series is numbered sequentially from its Hoogovens beginnings; the 2011 event was referred to as the 73rd Tata Steel Chess Tournament.Top grandmasters compete in the tournament, but regular club players are welcome to play as well. The Masters group pits fourteen of the world's best against each other in a round-robin tournament, and has sometimes been described as the "Wimbledon of Chess". Since 1938, there has been a long list of famous winners, including: Max Euwe, Bent Larsen, Tigran Petrosian, Paul Keres, Lajos Portisch, Boris Spassky, Mikhail Botvinnik, Mikhail Tal, Viktor Korchnoi, Jan Timman, Anatoly Karpov, Vladimir Kramnik, Garry Kasparov, Viswanathan Anand, Veselin Topalov, Levon Aronian, Sergey Karjakin, and Magnus Carlsen. Of the eight World Chess Champions since 1946, only the names of Vasily Smyslov and Bobby Fischer are missing. In 2001, nine of the top ten players in the world participated.
Magnus Carlsen holds the record for most wins at the tournament, with seven titles to his name. Viswanathan Anand is the only other player to have won the event five or more times, and also holds the record of most consecutive games played at the tournament without a loss (70 – from 1998 to 2004).Tata Steel Europe
Tata Steel Europe Ltd. (formerly Corus Group plc) is a steelmaking company headquartered in London, United Kingdom, with its main operations in the United Kingdom and the Netherlands.
Corus Group was formed through the merger of Koninklijke Hoogovens and British Steel plc in 1999 and was a constituent of the FTSE 100 Index. It was acquired by Tata of India in 2007, and renamed Tata Steel Europe in September 2010.
At formation Corus operated primary steelmaking plants (blast furnace) in Port Talbot, Wales, and Scunthorpe, and Teesside, England, and IJmuiden, the Netherlands, with additional steelmaking facilities in Rotherham, England (electric arc furnace), as well as downstream steel production of both long and flat steel.
Profitability at the business was affected by the aftermath of the Financial crisis of 2007–08 (see Great Recession): the Teesside plant was mothballed and sold in 2009/2010; the long products division including the steelworks at Scunthorpe was sold for a nominal sum to Greybull Capital in April 2016.
In September 2017, Tata Steel Ltd reached an agreement to merge its European steel business with the German steel manufacturer thyssenkrupp to form a joint venture headquartered in Amsterdam.Tayo Rolls
Tayo Rolls Limited (formerly Tata-Yodogawa Limited) is a metal fabrication and processing company headquartered in Jamshedpur, India and a subsidiary of Tata Steel. Tayo Rolls' products are primarily cast rolls, forged rolls, special castings and pig iron.Tayo Rolls is listed on the Bombay Stock Exchange with code no.504961.Wei Yi
Wei Yi (born 2 June 1999) is a Chinese chess grandmaster and chess prodigy.
Wei became a grandmaster at the age of 13 years, 8 months and 23 days, the fifth youngest in history. He is the youngest player ever to reach a rating of 2700, accomplishing this feat at age 15. Wei represents the Jiangsu club in the China Chess League.