Jump to content

Tata Steel

Coordinates: 18°55′54″N 72°49′58″E / 18.9316°N 72.8327°E / 18.9316; 72.8327
From Wikipedia, the free encyclopedia
This article is about the company. For the chess tournament sponsored by their Netherlands branch, see Tata Steel Chess Tournament.

Tata Steel Limited
FormerlyTata Iron and Steel Company Limited (TISCo)
Company typePublic
ISININE081A01020
IndustrySteel
Iron
Founded26 August 1907; 117 years ago (1907-08-26) at Jamshedpur, Bihar (now Jharkhand), India
FoundersJamsetji Tata
Dorabji Tata
HeadquartersMumbai, Maharashtra, India[1]
18°55′54″N 72°49′58″E / 18.9316°N 72.8327°E / 18.9316; 72.8327
Area served
Worldwide
Key people
ProductsSteel
Long steel products
Structural steel
Wire products
Steel casing pipes
Household goods
RevenueDecrease ₹230,980 crore (US$28 billion) (2024)[3]
Decrease ₹6,667 crore (US$800 million) (2024)[3]
Decrease ₹−4,910 crore (US$−590 million) (2024)[3]
Total assetsDecrease ₹273,424 crore (US$33 billion) (2024)[3]
Total equityDecrease ₹92,433 crore (US$11 billion) (2024)[3]
Number of employees
Increase 78,321 (2024)[3]
ParentTata Group
SubsidiariesTata Steel UK
Tata Steel Netherlands
Tata Steel Thailand
Jamshedpur FC
Tata Robins Fraser Ltd.
Mjunction
Websitewww.tatasteel.com

Tata Steel Limited is an Indian multinational steel-making company, based in Jamshedpur, Jharkhand and headquartered in Mumbai, Maharashtra. It is a part of the Tata Group.

Formerly known as Tata Iron and Steel Company Limited (TISCO), Tata Steel is among the largest steel-producing companies in the world, with an annual crude steel capacity of 35 million tonnes. It is one of the world's most geographically diversified steel producers, with operations and a commercial presence across the world. The group (excluding SEA operations) recorded a consolidated turnover of US$31 billion in the financial year ending 31 March 2023.[citation needed]It is the largest steel company in India (measured by domestic production), with an annual capacity of 21.6 million tonnes after Steel Authority of India Ltd. (SAIL).[4][5] Tata Steel, SAIL, and Jindal Steel and Power are the only three Indian steel companies that have captive iron-ore mines, which gives the three companies price advantages.[6]

Tata Steel operates in 26 countries, with key operations in India, the Netherlands, and the United Kingdom, and employs around 80,500 people.[7] Its largest plant (10 MTPA capacity) is located in Jamshedpur, Jharkhand. In 2007, Tata Steel acquired the UK-based steelmaker Corus.[8][7] It was ranked 486th in the 2014 Fortune Global 500 ranking of the world's biggest corporations.[9] It was the seventh most valuable Indian brand of 2013, according to Brand Finance.[10][11][12]

Tata Steel was listed amongst India's Best Workplaces in Manufacturing by Great Place to Work for the fifth time in 2022.[13]

History

[edit]
Tata Steel's Jamshedpur plant at night

Tata Iron and Steel Company (TISCO) was founded by Jamsetji Nusserwanji Tata and established by Sir Dorabji Tata on 26 August 1907. TISCO started pig iron production in 1911 and began producing steel in 1912 as a branch of Jamsetji's Tata Group.[14][15][16] The first steel ingot was manufactured on 16 February 1912. During the First World War (1914–1918), the company made rapid progress.

In 1920, The Tata Iron & Steel Company also incorporated The Tinplate Company of India Ltd (TCIL), as a joint venture with then Burmah Shell to manufacture Tinplate. TCIL is now Tata Tinplate and holds 70% market share in India.

By 1939, it operated the largest steel plant in the British Empire. The company launched a major modernisation and expansion program in 1951. Later, in 1958, the program was upgraded to 2 million metric tonnes per annum (MTPA) project.[14] By 1970, the company employed around 40,000 people at Jamshedpur, and a further 20,000 in the neighbouring coal mines.[15]

In November 2021, Tata Steel was the most profitable company in the Tata Group.[17] In July 2019 Tata Steel Kalinganagar (TSK) was included in the list of the World Economic Forum's (WEF) Global Lighthouse Network.[18]

The Key Managerial Personnel (KMP) at Tata Steel Limited India are Koushik Chatterjee as CFO (KMP) and Parvatheesam Kanchinadham as Company Secretary. Koushik Chatterjee, Mallika Srinivasan, Chandrasekaran Natarajan and 7 other members are presently associated as directors.[19]

Nationalisation attempts

[edit]

There have been two attempts to nationalise Tata Steel, one attempt in 1971 and another in 1979, both of which were unsuccessful. In 1971, Prime Minister Indira Gandhi tried to nationalise the company, but failed. In 1979, Prime Minister Morarji Desai wanted to nationalise TISCO (now Tata Steel), spurred by Minister for Industries George Fernandes, and Minister of Steel, Mines, and Coals Biju Patnaik. However, union protests prevented such nationalisation efforts.[15][20][21]

In 1990, the company expanded and established a subsidiary, Tata Inc., in New York. The company changed its name from TISCO to Tata Steel Ltd. in 2005.[22]

Labour welfare

[edit]

Tata Steel was among the first Indian companies to provide various labour welfare benefits, such as eight-hour workdays since 1912, free medical care since 1915, school facilities for the children of employees since 1917, paid time off since 1920, the formation of a provident fund and accident compensation in 1920, vocational training since 1921, maternity benefits since 1928, profit sharing bonuses since 1934, and retiring gratuity since 1937.[23]

Expansions

[edit]

Acquisitions

[edit]

NatSteel in 2004: Tata Steel agreed to acquire the steel-making operations of the Singapore-based NatSteel for $486.4 million in cash.[24] NatSteel had ended 2003 with a turnover of $1.4 billion and a profit before tax of $47 million.[24] The steel businesses of NatSteel would be run by the company through a wholly owned subsidiary called Natsteel Asia Pvt. Ltd.[24] The acquisition was completed in February 2005.[25][26] At the time of acquisition, NatSteel had a capacity of about 2 million tonnes per annum of finished steel.[26][27]

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.[28][29] Millennium Steel has now been renamed Tata Steel Thailand and is headquartered in Bangkok.[30] On 31 March 2013, it held approximately 68% shares in the acquired company.[7]

See also: Tata Corus acquisition

Corus in 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.[31] 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 pre-emptively 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 it's 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.[31] At the time of the 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 in the 56th position. The acquisition made Tata Steel the world's 5th largest producer of Steel.[31]

Tayo Rolls in 2008, formerly Tata-Yodogawa Limited is a metal fabrication and processing company headquartered in Jamshedpur, India. It was founded in 1968 as a joint venture between Tata Steel and the Japan-based Yodogawa Steels. In 2008, the company made the rights issue which was subscribed for only about 50% of its total value – Rs 60 crore. Due to undersubscription, the promoters acquired them, and as a result, Tayo Rolls became a Tata Steel Subsidiary. Tata Steel owns 55.24% of the Tayo Rolls.[32][33]

Steel Engineering and Vinausteel in 2007: Tata Steel through its wholly owned Singapore subsidiary, NatSteel Asia Pte Ltd, acquired a controlling stake in both 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 250,000 tonnes per year bar/wire rod mill operated by SSE Steel Ltd. and a 180,000 tonnes per year reinforcing bar mill operated by Vinausteel Ltd.[34][35]

Bhushan Steel in 2018: Tata Steel acquired the entire company in 2017–18 when Insolvency proceedings were initiated against the former company on 26 July 2017 under IBC. Tata Steel emerged as the highest bidder and took over the company through its wholly-owned subsidiary Bamnipal Steel Ltd. The company was renamed as Tata Steel BSL. Later in 2021 Tata Steel amalgamated Bamnipal Steel Ltd. and Tata Steel BSL thereby the latter became a direct subsidiary of Tata Steel (72.65%).[36][37][38]

Usha Martin (Steel division) in 2019: Tata Sponge Iron Limited, a subsidiary of Tata Steel Limited, acquired the steel business of Usha Martin Limited in 2019 for Rs.4,094 crore. The acquisition involved UMLs 1.0 MnTPA specialty steel plant in Jamshedpur that makes alloy-based long products, a functional iron ore mine, a coal mine under development, and captive power plants.[39][40]

Nilachala Ispat Nigam Ltd in 2022: Tata Steel through its wholly owned subsidiary, Tata Steel Long Products (TSLP), acquired controlling stake in NINL. It beat Jindal Steel and JSW Steel to acquire Odisha-based Neelachal Ispat Nigam Ltd (NINL) for ₹12,100 crore (US$1.4 billion).[41]

Joint Ventures

[edit]

In 2006, Tata Steel and BlueScope Steel launched Tata BlueScope Steel Ltd, a joint venture for the manufacturing of pre-engineered steel products.[42]

In 2014, Tata Steel launched Jamshedpur Continuous Annealing and Processing Company Pvt Ltd (JCAPCPL), a joint venture with Nippon Steel to produce continuous annealed products intended for the automotive industry. The plant had a capacity of 600,000 tonnes and was setup with an investment of 2,750 Crores. Tata Steel held 51% of the joint venture.[43]

Amalgamation

[edit]

In 2022, Tata Group moved the amalgamation of seven metal companies of the group into Tata Steel. Seven metal companies of Tata Group that will be merged with Tata Steel are Tata Steel Long Products Limited (TSLP), The Tinplate Company of India Limited (TCIL), Tata Metaliks Limited (TML), TRF Limited, The Indian Steel & Wire Products Limited (ISWPL), Tata Steel Mining Limited (TSML) and S & T Mining Company Limited.[44][45]

Sports

[edit]

Tata Steel has traditionally played a key role in the development of sports in India. They have been involved in the inception of Tata Football Academy, TSAF Climbing Academy, Tata Archery Academy, Naval Tata Hockey Academy – Jamshedpur and Odisha Naval Tata Hockey High-Performance Centre.[46]

Operations

[edit]

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.[47]

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.[48]

Upcoming plans

[edit]

Tata Steel has set a target of achieving an annual production capacity of 100 million tonnes by 2015; it is planning for capacity expansion to be balanced roughly 50:50 between greenfield developments and acquisitions.[49][50] 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.[49][50]
Major greenfield steel plant expansion projects planned by Tata Steel include:[49]

  • A 6 million tonnes per annum capacity plant in Kalinganagar, Odisha, India;[51]
  • An expansion of the capacity of its plant in Jharkhand, India from 6.8 to 10 million tonnes per annum;[51]
  • A 5 million tonnes 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);[52]
  • A 3 million tonnes per annum capacity plant in Iran;[53][54]
  • A 2.4 million tonnes per annum capacity plant in Bangladesh;[55]
  • A 10.5 million tonnes per annum capacity plant in Vietnam (feasibility studies are underway); and[56]
  • A 6 million tonnes per annum capacity plant in Haveri, Karnataka.[57]
  • Acquisition of Neelachal Ispat Nigam Ltd in Odisha, India

Issues with Europe business

[edit]

Since Tata Steel's Corus acquisition in 2007, Tata Steel's Europe unit faced issues from oversupply in the market, labor unions, inexpensive imports from Chinese steel makers, and pressure from regulators for decarbonisation (green taxes) which forced Tata Steel to consolidate its businesses in Europe.[58][59]

In 2015, Tata Steel was looking to sell its facilities in Port Talbot, Hartlepool, Rotherham, and Stocksbridge, which was put on hold due to Brexit. In April 2016, Tata Steel's Long Products Europe Division located in Scunthorpe, England was sold to Greybull Capital LLP.[60] The unit was renamed as British Steel Limited.[61][62]

In February 2017, the company decided to sell its specialty division to Liberty House Group.[63]

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.[64][65] However, in 2019, antitrust regulators of EU refused to accept deals citing reduction in competition.[66] In 2019 Tata Steel decided to sell some of its non-core business units in UK.[67]

In June 2020, the company requested £500 million in UK government support. Later in July media houses reported that the company has proposed to give away 50% of its stake in Port Talbot Steelworks to the UK Government in return for capital injections amounting to £900 million.[68][69]

On 11 September 2024, Tata Steel UK announced that 2,500 jobs would go at the Port Talbot steelworks despite a £500 million taxpayer-backed deal from the UK Government.[70]

In November 2020, SSAB of Sweden announced its intention to buy Tata Steel's unit in IJmuiden, Netherlands. However, in 2021, SSAB backed out citing technical and cost issues involved with the deal.[71][72]

In October 2021, Tata Steel Europe officially split its businesses into two independent entities Tata Steel Netherlands and Tata Steel UK.[73]

Wikinews has related news:

In April 2022, Tata Steel announced that they had to find alternative sources of coal for their steel production plants in the UK and Netherlands after European nations stopped doing business with Russia because of its invasion of Ukraine.[74]

Issues with South East Asia Business

[edit]

In January 2019, citing debt issues and consistent losses Tata Steel, decided to sell a 70 percent stake in its S.E. Asia business (NatSteel and Tata Steel Thailand) to China's state-owned HBIS Group for $327 million. But the deal fell through citing regulatory issues.[75][76]

Later in 2019, Tata Group signed a memorandum of understanding with the Private Equity firm, Synergy Metals and Mining Fund for divestment of 70% shareholding in Tata Steel (Thailand) Public Company Ltd. (excluding NatSteel)[77]

In 2021, Tata Steel decided against divesting the South East Asian businesses citing improvement in financials, including reduction in total debt and increase in the cash flow. This was confirmed through its regulatory filing where Tata Steel reclassified its S.E. Asians assets from 'held for sale' to 'continuing operations'.[78]

In October 2021, Tata Steel announced the sale of its subsidiary Natsteel Holdings Pte. Ltd to TopTip Holding Pte, a Singapore-based steel and iron ore trading company. The deal was valued at $172 million (₹1,275 crore). The deal included two Singapore facilities and one Malaysian facility excluding the wire business in Thailand.[79]

Shareholding

[edit]

As on 29 September 2023, Tata Group held 33.90% shares in Tata Steel. Over one million individual shareholders hold approximately 10% of its shares. Life Insurance Corporation of India is the largest non-promoter shareholder in the company with 10.89% shareholding.[7][80]

Shareholders Shareholding[7]
Promoters: Tata Group companies 33.90%
Insurance Companies 10.89%
Individual shareholders 9.44%
Foreign Institutional Investors 20.31%
GDRs 5.06%
Others 20.39%
Total 99.99%

The equity shares of Tata Steel[81] are listed on the Bombay Stock Exchange,[82] where it is a constituent of the BSE SENSEX index,[83] and the National Stock Exchange of India,[84] where it is a constituent of the S&P CNX Nifty,[85] the Global Depository Receipts (GDRs) are listed on the London Stock Exchange[86] and the Luxembourg Stock Exchange.[87][88]

Subsidiaries

[edit]

Mjunction

[edit]

Mjunction, a Tata Steel and SAIL joint venture, India's Largest B2B E-Commerce company. Founded in February 2001, it is today not only India's largest eCommerce company (having eTransacted worth over Rs. 900 billion till date) but also runs the world's largest eMarketplace for steel.

Tata Steel Thailand

[edit]

Tata Steel's subsidiary Tata Steel (Thailand) Public Company Limited (SET: TSTH),[89] (formerly Millennium Steel Public Company Limited) is listed on the Stock Exchange of Thailand. Tata Steel Limited directly holds 67.90% through its investment arm T S Global Holdings Pte. Ltd.[90]

Tata Tinplate

[edit]

The Tinplate Company of India Limited (TCIL) is a subsidiary of Tata Steel. Founded in 1920, TCIL is India's oldest and current largest tinplate manufacturer. The company is described as having "pioneered the tinplate industry in India".[91] TCIL has a 70% market share in India and exports a fourth of its products outside India.[92][93]

In January 1920, the Burmah Oil and The Tata Iron & Steel Company (TISCO) jointly incorporated The Tinplate Company of India Limited (TCIL) to cater to the demand for tinplate that arose following World War I. Burmah contributed two-thirds of the starting capital and Tata the remainder. Burmah required a tinplate for the cans used to hold the kerosene it produced.[94]

By November 1921, structural steel for the plant and machinery had been imported from the US and UK, and the plant was established at Golmuri, Jamshedpur near the Tata Steelworks. The design was based on an Indiana rolling plant. In December 1922, the first hot dip tinning plant started rolling out finished tinplate.[91] By 1924, a total of six mills were in production and the company was producing almost 40 percent of India's tinplate needs. In 1926, the level of production exceeded the country's imports for the first time.[94] The company's main competition was from tinplate imported from South Wales. In its early years, the Company relied to a large extent on European 'covenanted' labor for supervisory and skilled roles, but this lessened over time as the skills of Indian workers developed. Just under 3,000 workers were employed in the late 1920s, and early 1930s.[95]

With the outbreak of World War II, TCIL diversified into the manufacturing of un-tinned black plates used in Jettison tanks for the Royal Air Force. Also, TCIL took over the processing of steel from the sheet mills of Tata Steel to augment production.

TCIL entered into an agreement with Wean United Canada to switch to the Electrolytic Tinning Process. In 1973, an Electrolytic Tinning Line was commissioned with a capacity of 90,000 tonnes per annum to produce tinplate and tin-free steel. In 1996, TCIL established its first Cold Rolling Mill Complex with a capacity of 110,000 tonnes per annum, as part of a backward integration to reduce dependency on imported uncoated sheet steel coils, known as tin mill black plate (TMBP). In 2005, a printing and lacquering line was introduced as part of a forward integration to reduce supply chain inefficiencies. In 2007, mill capacity was more than doubled to 379,000 tonnes by the commissioning of a second Tinning Line; a second Cold Rolling Mill facility was added a year later. Production and sales reached 360,000 tons in 2018–19.[96]

In 2012, Tata Steel increased its shareholding in TCIL to 73.44% which currently stands at 74.96%[97]

Through volumes, TCIL holds 70% market share in India and exports 25% of the production to Southeast Asia, Europe, and the Middle East.[93][96]

In August 2021, announced its expansion plans, an additional capacity of 3,00,000 tons per annum.[98]

In September 2022, it was announced that the company would be merged into Tata Steel.[99]

Carbon footprint

[edit]

Tata Steel Group reported Total CO2e emissions (Direct + Indirect) for 31 March 2021 at 25,790 Kt (−1,820 /-6.6% y-o-y).[100] There is little evidence of a consistent declining trend as yet.

Tata Steel Group's Total CO2e emissions (Direct + Indirect) (in kilotons)
Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021
21,820[101] 21,760[102] 26,640[103] 27,690[104] 28,310[105] 27,610[106] 25,790[100]

Controversies

[edit]
  • Environment protection at Dhamra Port: The Dhamra Port, a joint venture between Larsen & Toubro and Tata Steel near Dhamra river in Bhadrak district of Odisha has come in for criticism from groups such as Greenpeace, Wildlife Protection Society of India and the Orissa Traditional Fishworkers' Union for environment protection.[107] The port is being built within five kilometers of the Bhitarkanika National Park, a Ramsar wetland of international importance, home to an impressive diversity of mangrove species, saltwater crocodiles and an array of avian species. The port will also be approximately 15  km. from the turtle nesting of Gahirmatha Beach, and turtles are also found immediately adjoining the port site. Aside from potential impacts on the nesting and feeding grounds of the turtles, the mudflats of the port site itself are breeding grounds for horseshoe crabs as well as rare species of reptiles and amphibians.[108][109] The port began commercial production in May 2011.[110] In response, the company website informs that it has been working with International Union for Conservation of Nature (IUCN) for guidance and assistance in the implementation of environmental standards and designing mitigation measures for potential hazards during construction and operation of the Port.[111][112][113]
  • Job cuts in Europe: In 2019 citing surplus capacity and high costs the company announced plans to cut 3,000 jobs in Europe, including the UK (Port Talbot Steelworks), Netherlands, and other units. The decision was made after the failed attempt to consolidate with German Steelmaker Thyssenkrupp.[114][115]

In media

[edit]

Documentaries

[edit]

See also

[edit]

Further reading

[edit]
  • Kannappan, Subbiah (October 1959). "The Tata Steel Strike: Some Dilemmas of Industrial Relations in a Developing Economy". Journal of Political Economy. 67 (4): 489–507. doi:10.1086/258220. eISSN 1537-534X. ISSN 0022-3808.
  • Lala, R. M. (2007). The Romance of Tata Steel. United Kingdom: Penguin UK (published 1 August 2007). ISBN 9788184759082.
  • Maheshwari, Sunil Kumar; Ganesh, M. P. (April 2006). "Ethics in Organizations: The Case of Tata Steel". Vikalpa. 31 (2): 75–88. doi:10.1177/0256090920060205. eISSN 2395-3799. ISSN 0256-0909.
  • Mukherjee, Rudrangshu (2008). A Century of Trust: The Story of Tata Steel. Penguin Books India. ISBN 9780670081561.

References

[edit]
  1. ^ "Contact Information". TataSteel.com. Archived from the original on 21 September 2013. Retrieved 31 August 2013.
  2. ^ "Tata Steel Ltd". Reuters. Retrieved 19 May 2024.
  3. ^ a b c d e f "Tata Steel Ltd. Financial Statements" (PDF). bseindia.com. Retrieved 29 May 2024.
  4. ^ "JF Engineering Products LLP has become the Leading steel producer in the country". JF Engineering Products LLP. Retrieved 3 June 2013.
  5. ^ "Tata Steel To expand domestic production to 40MT by 2030". The Times of India. 28 August 2022. Retrieved 11 June 2023.
  6. ^ Handique, Maitreyee (18 April 2007). "'No company will plan steel plant without the security of iron ore'". mint. Retrieved 4 May 2022.
  7. ^ a b c d e "Statement of profit and loss". Tata Steel. Archived from the original on 3 January 2019. Retrieved 16 May 2018.
  8. ^ Vaswani, Karishma (16 August 2007). "Indian firms move to world stage". BBC News. Archived from the original on 26 July 2013. Retrieved 31 August 2013.
  9. ^ "Global 500: 486 Tata Steel". Fortune. 22 July 2014. Archived from the original on 28 April 2015. Retrieved 31 August 2014.
  10. ^ "India's top 50 brands". brandirectory.com. Archived from the original on 23 August 2013. Retrieved 19 August 2013.
  11. ^ "Tata Steel Jamshedpur blast furnace completes 100 years". The Hindu. 2 December 2011. Retrieved 31 August 2013.
  12. ^ "Sustainability Report 2012". Tata Steel India. Archived from the original on 14 September 2013. Retrieved 31 August 2013.
  13. ^ "Tata Steel Jamshedpur adjudged 'Great Place to Work' for the fifth time". The Avenue Mail. 16 February 2022. Retrieved 18 February 2022.
  14. ^ a b "Indian Steel Industry History, First Steel Plant in India". tatasteel100.com. Archived from the original on 26 September 2013. Retrieved 31 August 2013.
  15. ^ a b c "History of Tata Iron & Steel Co. Ltd". FundingUniverse.com. Archived from the original on 15 October 2013. Retrieved 31 August 2013.
  16. ^ "History of Tata Steel". steelonthenet.com. Archived from the original on 4 September 2013. Retrieved 31 August 2013.
  17. ^ BS Reporters (12 November 2021). "Q2 results: Tata Steel beats Tata Consultancy Services in net profit". Business Standard India. Retrieved 2 May 2022.
  18. ^ "Tata Steel Kalinganagar honoured at World Economic Forum 2020". www.thehindubusinessline.com. 24 January 2020. Retrieved 19 July 2023.
  19. ^ "TATA STEEL LIMITED – Company Details". Thecompanycheck.com. Retrieved 24 March 2022.
  20. ^ Reporter, B. S. (27 June 2007). "Known and unknown". Business Standard India. Retrieved 31 July 2021.
  21. ^ "Backstory: The near-nationalisation of Tata Steel". www.cnbctv18.com. 26 July 2021. Retrieved 31 July 2021.
  22. ^ "TISCO to change its name to Tata Steel Ltd". Financial Express. 19 May 2005. Archived from the original on 14 October 2013. Retrieved 31 August 2013.
  23. ^ Kling, Blair B. (1998). "Paternalism in Indian Labor: The Tata Iron and Steel Company of Jamshedpur". International Labor and Working-Class History. 53 (53): 69–87. doi:10.1017/S0147547900013673. ISSN 0147-5479. JSTOR 27672457. S2CID 144626670.
  24. ^ a b c "Tatas make Rs 1,313-cr bid for Singapore's NatSteel". The Hindu. 17 August 2004. Archived from the original on 6 June 2013. Retrieved 31 August 2013.
  25. ^ "Tata Steel completes NatSteel acquisition". The Hindu. 16 February 2005. Archived from the original on 6 June 2013. Retrieved 31 August 2013.
  26. ^ a b "Tata Steel sews up NatSteel buyout". Business Standard. 17 February 2005. Archived from the original on 17 May 2014. Retrieved 31 August 2013.
  27. ^ "Tata Steel to acquire Millennium Steel, Thailand". Tata Group. 15 December 2005. Archived from the original on 21 September 2013. Retrieved 31 August 2013.
  28. ^ "Tata to Buy Thailand's Millennium Steel for $175 Mln". Bloomberg. 15 December 2012. Archived from the original on 29 July 2014. Retrieved 22 December 2012.
  29. ^ "Tata Steel to buy Thai co for $130 m". The Hindu. 15 December 2012. Retrieved 22 December 2012.
  30. ^ "Our businesses : Tata companies : Tata Steel Thailand". Tata Group. Archived from the original on 20 September 2013. Retrieved 27 August 2013.
  31. ^ a b c "Corus accepts £4.3bn Tata offer". BBS News. 20 October 2006. Archived from the original on 14 December 2013. Retrieved 31 August 2013.
  32. ^ "Tayo Rolls Ltd Shareholding Pattern, Tayo Rolls Ltd. Share Holder – The Financial Express". www.financialexpress.com. Retrieved 3 August 2021.
  33. ^ Ramsurya, M. V.; Gurav, Vijay. "Tatas bail out Tayo Rolls' rights issue, too". The Economic Times. Retrieved 29 July 2021.
  34. ^ "Tata Steel arm buys plants in Vietnam". Economic Times. 8 March 2007. Archived from the original on 12 August 2014. Retrieved 31 August 2013.
  35. ^ "Tata Steel acquires two steel rolling mills in Vietnam". Tata Group. 8 March 2007. Archived from the original on 22 November 2011. Retrieved 31 August 2013.
  36. ^ "Tata Sons increases stake in Tata Steel to 33%". @businessline. 27 March 2021. Retrieved 3 August 2021.
  37. ^ "Tata Steel BSL Ltd Shareholding Pattern, Tata Steel BSL Ltd. Share Holder – The Financial Express". www.financialexpress.com. Retrieved 3 August 2021.
  38. ^ "First under insolvency code: Bhushan Steel bought by Tata Steel". Indian Express. 21 May 2018. Archived from the original on 13 October 2019. Retrieved 13 October 2019.
  39. ^ "Tata arm completes acquisition of Usha Martin's steel business". The Hindu. 9 April 2019. ISSN 0971-751X. Retrieved 8 June 2023.
  40. ^ "Tata Steel arm finally buys Usha Martin unit". The Times of India. 9 April 2019. ISSN 0971-8257. Retrieved 8 June 2023.
  41. ^ "Govt approves NINL sale to Tata Steel Long Products for Rs 12,100 cr". Economic Times. 31 January 2022. Retrieved 31 January 2022.
  42. ^ "Tata BlueScope Steel starts production". The Economic Times. Retrieved 7 August 2021.
  43. ^ Mazumdar, Rakhi. "Tata Steel-Nippon Steel & Sumitomo joint venture inaugurates new Rs 2,750 crore auto steel line at Jamshedpur". The Economic Times. Retrieved 7 August 2021.
  44. ^ "Intimation of the schemes of amalgamation involving Tata Steel Limited, the identified transferor companies, and their respective shareholders" (PDF). 22 September 2022.
  45. ^ Bureau, BL Mumbai (23 September 2022). "Tata Steel to merge 7 subsidiaries with itself". www.thehindubusinessline.com. Retrieved 15 October 2022. {{cite web}}: |last= has generic name (help)
  46. ^ "Sports is a way of life – Nurturing sportspersons for the world stage". Tata Steel. Retrieved 2 September 2022.
  47. ^ "Tata Steel Projects and Operations". Tata Steel. Archived from the original on 16 August 2013. Retrieved 31 August 2013.
  48. ^ "Key Market Sectors". Tata Steel. Archived from the original on 21 September 2013. Retrieved 31 August 2013.
  49. ^ a b c "Tatas hungry for more". Business Standard. 3 February 2007. Archived from the original on 4 October 2013. Retrieved 31 August 2013.
  50. ^ a b "Unabated appetite for global growth". Financial Express. 30 April 2007. Archived from the original on 4 October 2013. Retrieved 31 August 2013.
  51. ^ a b "Tata Steel's Jamshedpur expansion on course: Tata". Economic Times. 3 August 2011. Archived from the original on 12 August 2014. Retrieved 31 August 2013.
  52. ^ "Tata Steel has not dropped Chhattisgarh project". The Hindu. 13 April 2010. Retrieved 31 August 2013.
  53. ^ "Tata Steel in $1.1bn Iranian deal". BBC News. 15 June 2005. Archived from the original on 8 August 2014. Retrieved 31 August 2013.
  54. ^ "Tata's Iran steel project on hold?". Economic Times. 8 January 2008. Archived from the original on 12 August 2014. Retrieved 31 August 2013.
  55. ^ "Tata's Bangladesh plan in cold storage". Indian Express. 15 June 2006. Retrieved 31 August 2013.
  56. ^ "Tata Group to set up $5  billion steel factory in Vietnam". The Times of India. 20 July 2012. Archived from the original on 23 July 2012. Retrieved 31 August 2013.
  57. ^ "Tata signs EoI to set up plant in Haveri district". 8 June 2012. Archived from the original on 10 June 2012. Retrieved 31 August 2013.
  58. ^ Lyrchikova, Anastasia; Steitz, Christoph; Käckenhoff, Tom (12 June 2020). "Severstal says 'no' to Europe as Thyssenkrupp's options narrow". Reuters. Retrieved 7 August 2021.
  59. ^ "Tata Steel India business has delivered 20% margin even in worst time: TV Narendran". The Economic Times. Retrieved 7 August 2021.
  60. ^ Young, Sarah; Faulconbridge, Guy (11 April 2016). "Britain finds a buyer for one Tata steel plant, saving a third of jobs at risk". Reuters. Retrieved 7 August 2021.
  61. ^ Mazumdar, Rakhi; Sengupta, Devina. "Brexit blow: Tata steel may put off UK assets sale". The Economic Times. Retrieved 7 August 2021.
  62. ^ "BRIEF-Tata steel UK completes sale of Long Products Europe business to Greybull Capital". Reuters. 31 May 2016. Retrieved 7 August 2021.
  63. ^ Angel, Maytaal; Tripathy, Devidutta (9 February 2017). "Tata Steel UK agrees to sell speciality steel business to Liberty House". Reuters. Retrieved 7 August 2021.
  64. ^ Steitz, Christoph; Mukherjee, Promit (20 September 2017). "Thyssenkrupp, Tata Steel agree to forge Europe's No. 2 steelmaker". Reuters. Retrieved 7 August 2021.
  65. ^ Turner, Zeke; Patterson, Scott (20 September 2017). "Thyssenkrupp, Tata Seal Long-Awaited European Steel Deal". The Wall Street Journal. New York City, New York, United States. Archived from the original on 20 September 2017. Retrieved 21 September 2017.
  66. ^ Chee, Foo Yun (11 June 2019). "EU regulators block Thyssenkrupp, Tata Steel joint venture". Reuters. Retrieved 7 August 2021.
  67. ^ "India's Tata Steel to shut some operations in UK, 400 jobs at stake". Reuters. 2 September 2019. Retrieved 7 August 2021.
  68. ^ "Tata Steel proposes £900 million bailout from the UK government: Report". www.thehindubusinessline.com/. 26 July 2020.
  69. ^ Jolly, Jasper; Partridge, Joanna (24 June 2020). "Tata Steel awaiting UK government decision on rescue deal to save 8,000 jobs". The Guardian. Retrieved 19 December 2020.
  70. ^ Simpson, Jack (11 September 2024). "Blow for British steel industry as 2,500 jobs go at Port Talbot". The Guardian. ISSN 0261-3077. Retrieved 11 September 2024.
  71. ^ Hellstrom, Johannes; Meijer, Bart H.; Roy, Abhirup (13 November 2020). "SSAB eyes Tata Steel's Dutch assets as European consolidation picks up". Reuters. Retrieved 7 August 2021.
  72. ^ Hellstrom, Johannes; Steitz, Christoph (29 January 2021). "Sweden's SSAB abandons plan to buy Tata Steel's Dutch plant". Reuters. Retrieved 7 August 2021.
  73. ^ "Tata Steel splits UK and Netherlands businesses | Metal Bulletin.com". www.metalbulletin.com. Retrieved 3 October 2021.
  74. ^ "Russian Ukraine War: India's Tata Steel to stop doing business with Russia | – Times of India". The Times of India. Reuters. 20 April 2022. Retrieved 21 April 2022.
  75. ^ Iyengar, Suresh P.; Thomas, Thomas K. (30 September 2019). "Tata Steel finds a new buyer for Thailand unit". @businessline. Retrieved 30 July 2021.
  76. ^ "Tata Group's Debt Threat". Business Today. 18 February 2020. Retrieved 30 July 2021.
  77. ^ "Tata Steel Finds A New Buyer For Thailand Unit". BloombergQuint. 7 August 2019. Retrieved 30 July 2021.
  78. ^ Zachariah, Reeba (6 May 2021). "Tata Steel calls off the sale of SE Asian biz – Times of India". The Times of India. Retrieved 30 July 2021.
  79. ^ "Tata Steel sells NatSteel Holdings to TopTip Holding for ₹1,275 crore". @businessline. 30 September 2021. Retrieved 3 October 2021.
  80. ^ "Shareholding Pattern as on 30th June 2014". Tata Steel. Archived from the original on 24 September 2015. Retrieved 3 September 2014.
  81. ^ "Trending stocks: Tata Steel shares down over 1%". The Economic Times. 11 June 2020.
  82. ^ "Tata Steel Ltd". BSEindia.com. Archived from the original on 1 September 2013. Retrieved 31 August 2013.
  83. ^ "Scripwise Weightages in S&P BSE SENSEX". BSE India. Archived from the original on 1 December 2015. Retrieved 31 August 2013.
  84. ^ "Tata Steel Ltd". NSE India. Archived from the original on 21 October 2013. Retrieved 31 August 2013.
  85. ^ "Download List of CNX Nifty stocks (.csv)". NSE India. Archived from the original on 13 October 2013. Retrieved 31 August 2013.
  86. ^ "TTST Tata Steel Limited GDR (each representing 1 ordinary share)". London Stock Exchange. 27 July 2009. Archived from the original on 9 August 2013. Retrieved 31 August 2013.
  87. ^ "Tata Steel set to raise $600m through GDRs". The Times of India. 21 July 2009. Archived from the original on 31 August 2013. Retrieved 31 August 2013.
  88. ^ "Stock Exchange Information". Tata Steel. Archived from the original on 21 September 2013. Retrieved 31 August 2013.
  89. ^ "TSTH.BK – Tata Steel (Thailand) PCL Profile". Reuters. Retrieved 31 July 2021.
  90. ^ "Tata Steel (Thailand) Public Company Limited FORM 56-1 FY 2020–21" (PDF). www.tatasteelthailand.com.
  91. ^ a b Karunakar, B. (2012). Corporate champions: excellent companies of India. Internet Archive. New Delhi, India; Thousand Oaks, Calif.: Response Books. p. 260. ISBN 978-81-321-0712-5.
  92. ^ PTI (3 July 2018). "Tinplate Company plans capacity expansion on strong packaging demand". @businessline. Retrieved 3 August 2021.
  93. ^ a b "Tinplate Steel Sheet Suppliers, Metal Tin Manufacturers – Tata Tinplate". www.tata tinplate.com. Retrieved 29 July 2021.
  94. ^ a b Corley, T. A. B. (Thomas Anthony Buchanan) (1983). A history of the Burmah Oil Company, 1886–1924. London : Heinemann. pp. 274–275. ISBN 978-0-434-14520-1 – via Internet Archive.
  95. ^ Bagchi, Amiya Kumar (1972). Private investment in India, 1900–1939. Cambridge University Press. pp. 342–346. ISBN 0521-07641-2 – via Internet Archive.
  96. ^ a b "Heritage". tatatinplate.com. Retrieved 29 July 2021.
  97. ^ "Tata Steel to hike stake in Tinplate, Tata Sponge". The Hindu. PTI. 15 June 2012. ISSN 0971-751X. Retrieved 3 August 2021.
  98. ^ Roy, Shobha (30 August 2021). "Tinplate Company of India looks to ramp up production capacity". The Hindu Businessline. Retrieved 8 October 2021.
  99. ^ Rukhaiyar, Ashish (23 September 2022). "Tata Steel merges subsidiaries for better efficiency; here's the swap ratio". Business Today. Retrieved 5 May 2023.
  100. ^ a b "Tata Steel Group's Sustainability Report for 2021Q1" (PDF). Archived from the original (PDF) on 8 June 2021. Alt URL
  101. ^ "Tata Steel Group's Sustainability Report for 2019Q1" (PDF). Archived from the original (PDF) on 8 August 2020. Alt URL
  102. ^ "Tata Steel Group's Sustainability Report for 2020Q1" (PDF). Archived from the original (PDF) on 5 March 2021. Alt URL
  103. ^ "Tata Steel Group's Sustainability Report for 2021Q1" (PDF). Archived from the original (PDF) on 8 June 2021. Alt URL
  104. ^ "Tata Steel Group's Sustainability Report for 2021Q1" (PDF). Archived from the original (PDF) on 8 June 2021. Alt URL
  105. ^ "Tata Steel Group's Sustainability Report for 2021Q1" (PDF). Archived from the original (PDF) on 8 June 2021. Alt URL
  106. ^ "Tata Steel Group's Sustainability Report for 2021Q1" (PDF). Archived from the original (PDF) on 8 June 2021. Alt URL
  107. ^ "Dhamra port controversy: dialogue fails, TATAs refuse to suspend dredging". GreenPeace. 26 February 2009. Archived from the original on 28 July 2014. Retrieved 1 September 2013.
  108. ^ "Biodiversity assessment of Dhamra Port". Greenpeace. 8 June 2007. Archived from the original on 27 July 2010. Retrieved 1 September 2013.
  109. ^ "The Dhamra Port website". Dhamraport.com. Archived from the original on 19 August 2013. Retrieved 1 September 2013.
  110. ^ "Dhamra Port Commissioned Despite Environmental Concerns". conservationindia.org. 19 December 2011. Archived from the original on 29 July 2014. Retrieved 1 September 2013.
  111. ^ "Environment". dhamraport.com. Archived from the original on 31 August 2013. Retrieved 1 September 2013.
  112. ^ "We are taking elaborate environment protection measures". The Hindu. 6 April 2009. Archived from the original on 29 July 2014. Retrieved 1 September 2013.
  113. ^ "Dhamra Port confers 'Prakruti Sathee' Awards on Environment". orissadiary.com. 5 June 2013. Archived from the original on 9 June 2013. Retrieved 1 September 2013.
  114. ^ "Tata Steel locks horns with union over 3,000 job cuts". Reuters. 27 November 2019. Retrieved 7 August 2021.
  115. ^ Jolly, Jaspar (19 November 2019). "Unions seek talks after Tata Steel shock plan to cut 3,000 jobs". The Guardian. Retrieved 19 December 2020.
  116. ^ Benegal, Shyam. "Tata Steel: Seventy Five Years of the Indian Steel Industry". IMDb (Documentary). Retrieved 29 April 2024.
  117. ^ Hai, Zafar. "Crucible of Fire" (Documentary). Victor Banerjee. Haimark Films International. Retrieved 29 April 2024.
[edit]
Wikimedia Commons has media related to Tata Steel.
Retrieved from "https://en.wikipedia.org/w/index.php?title=Tata_Steel&oldid=1258967006"