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Tata Steel
From Wikipedia, the free encyclopedia
Tata Steel Limited |
|
Type | Public |
Traded as | NSE: TATASTEEL,BSE: 500470 (BSE SENSEX Constituent) |
Industry | Steel |
Founded | 1907 |
Founder(s) | Dorabji Tata |
Headquarters | Mumbai, Maharashtra, India[1] |
Area served | Worldwide |
Key people | Ratan Tata (Chairman)
Hemant M. Nerurkar (MD) |
Products | Steel, flat steel products, long steel products, wire products, plates |
Revenue | US$ 27.738 billion (2012)[2] |
Profit | US$ 1.125 billion (2012)[2] |
Total assets | US$ 28.904 billion (2012)[2] |
Total equity | US$ 8.445 billion (2012)[2] |
Employees | 81,622 (2012)[2] |
Parent | Tata Group |
Subsidiaries | Tata Steel Europe |
Website | www.tatasteel.com |
Tata Steel Limited (NSE: TATASTEEL, BSE: 500470) (formerly Tata Iron and steel company Limited, abbreviated as TISCO) is an Indianmultinational steel-making company headquartered in Mumbai, Maharashtra, India, and a subsidiary of the Tata Group. It is the 12th-largest steel producing company in the world, with an annual crude steel capacity of 23.5 million tonnes, and the largest private-sector steel company in India measured by domestic production.[3][4]
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Tata Steel has manufacturing operations in countries including India, China, the United States and the United Kingdom. Its largest plant is located inJamshedpur, Jharkhand. In August 2007, Tata Steel acquired the UK-based steel maker Corus in what was, to date, the largest international acquisition by an Indian company.[5] Tata Steel is listed on Bombay Stock Exchange and National Stock Exchange of India, and employs about 81,600 people.[6][7]
Tata Steel is ranked 401st in the 2012 Fortune Global 500 ranking of the world’s biggest corporations.[2] It is the eighth most-valuable Indian brand according to an annual survey conducted by Brand Finance and The Economic Times in 2010.[8][9] It has also been listed as World’s most ethical companies by Forbes.[10]
Contents [hide] * 1 History * 1.1 Corus acquisition * 2 Operations * 2.1 Major expansion projects * 3 Major competitors * 4 Controversies * 4.1 Dhamra Port * 5 References * 6 External links |
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[edit]History
TISCo was established by Dorabji Tata August 26, 1907, as part of his father Jamsetji’s Tata Group.[11][12] [13] In year 1939, it had largest steel plant in the British empire. A modernization and expansion program was launched in year 1951. Later, the program was upgraded to 2 MTPA project. In 1990, it started expansion plan and established its subsidiary Tata Inc. in New York. The company changed its name TISCO to Tata Steel in year 2005.[14]
In August 2004, Tata Steel entered into definitive agreements with Singapore based NatSteel Ltd to acquire its steel business for Singapore $486.4 million (approximately Rs 1,313 crore) in an all cash transaction.
In 2005, Tata Steel acquired 40% Stake in Millennium Steel in Thailand for $130 million (approx. Rs 600 crore).
In 2007 Tata Steel through its wholly owned Singapore subsidiary, NatSteel Asia Pte Ltd acquired controlling stake in two rolling mills: SSE Steel Ltd, Vinausteel Ltd located in Vietnam.
The Business plan on Swot Analysis of Tata Steel
The company has also been acquiring stake overseas in Canada, Mozambique, Australia etc. to boast its reserves for clean coking coal which is rarely available in India. 2. Management Team Tata Steel has a highly credible management team which has displayed their skills in expanding the company through inorganic route. The company has successfully acquired Nat Steel of Singapore, Millennium Steel ...
[edit]Corus acquisition
Main article: Tata Corus acquisition
* On 20 October 2006, TISCO signed a deal with Anglo-Dutch company, Corus
* 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 £4.5billion.
* On 11 December 2006, Tata preemptively upped the offer to 500 pence, 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.
| Wikinews has related news:Steel Industry: Tata buys Corus |
* On 31 January 2007 Tata Steel won their bid for Corus after offering 608 pence per share, valuing Corus at £6.7 billion.
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[edit]Operations
Tata Steel is headquartered in Mumbai, Maharashtra, India and has its marketing headquarters at Tata Centre in Kolkata, West Bengal. Tata Steel has a presence in around 50 countries with manufacturing operations in 26 countries including: India, Malaysia, Vietnam, Thailand, Dubai, Daggaron, Ivory Coast, Mozambique, South Africa, Australia, United Kingdom, The Netherlands, France and Canada.[15]
Tata Steel primarily serves customers in the automotive, construction, consumer goods, engineering, packaging, lifting and excavation, energy and power, aerospace, shipbuilding, rail and defence and security sectors.[16]
[edit]Major expansion projects
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.[17][18] 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 is looking to add another 29 million tonnes through acquisitions.[17][18]
Major greenfield expansion projects planned by Tata Steel include:[17]
The Essay on Pestle Analysis of TATA Steel
Tata Steel, established in 1907, is one of the world’s most geographically diversified steel producers, with operations in 26 countries and commercial offices in over 35 countries. Tata Steel, part of the Tata group, based in Mumbai, has exploits in various categories including tea, automobiles, communications, power and salt. It is estimated that the Tata Steel group produces 31million tonnes of ...
* a 6 million tonne per annum capacity plant in Kalinganagar, Orissa, India[19]
* a 10 million tonne per annum capacity plant in Jharkhand, India: The capacity of Jamshedpur steel plant has already been increased to 6.8 MTPA. It is expected that its capacity will increase by 10 MPTA in near future.[19]
* 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)[20]
* a 3 million tonne per annum capacity plant in Iran
* a 2.4 million tonne per annum capacity plant in Bangladesh
* a 10.5 million tonne per annum capacity plant in Vietnam (feasibility studies are underway)
* a 6 million tonne per annum capacity plant in Haveri, Karnataka.[21]
* a $5 billion steel plant in Vietnam (negotiations with the Vietnamese government are in process)[22]
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[edit]Major competitors
Tata Steel’s major competitors include ArcelorMittal, Essar Steel, JSW Steel, SAIL and VISA Steel.[23]
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[edit]Controversies
The company is facing increasing criticism that the drive for growth and profits is completely overshadowing its once famed philanthropy, and causing lasting social and environmental damage at various locations.[24] In response, Tata cites its programs for environment and resource conservation, including reduction in greenhouse emission, raw materials and water consumption. The company has increased waste re-use and re-cycling, and reclaims land at its captive mines and collieries through forestation. Tata Steel’s chief, environment and occupational health, says, “Our capital investment in pollution-abatement solutions was in the vicinity of 4 billion in 2003-04.”[25]
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[edit]Dhamra Port
The Dhamra Port, a Joint Venture between Larsen & Toubro and Tata Steel, has come in for criticism from groups such as Greenpeace, Wildlife Protection Society of India and the Orissa Traditional Fishworkers’ Union. The port is being built within five kilometres of the Bhitarkanika National Park, a Ramsar wetland of international importance, home to an impressive diversity ofmangrove 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 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. One such species, the amphibian Fejervarya cancrivora, is the first record for the Indian mainland.[26][27]
Tata steel is one of the India’s top rated companies which is situated in Jamshedpur dist of Jharkhand. With its crystal clear objectives, moderntechnologies, diversity of work force, packed organizational structure and deliberated plan with high class brain at the top level and efficient worker at bottom level helps Tata steel to become Tata group of industries….Tata the name itself shows its competencies, trust, reliable…..one can easily faith on it….to know more closely I would like to highlight its journey. How a small scale firm converted into a giant multi national company. Now Jamshedpur becomes one of the greatest and popular hubs for establishing of the business firm here. Not only Tata, but there are many companies such as jindal, l&t, usha martin……are running there business
History
Tata Steel plant in the early 20th century In 1919 Lord Chelmsford named the city
Jamshedpur
in honor of its founder, Jamshedji Nausherwanji Tata
, whose birthday is celebrated on 3 March as Founder’s Day. J. N. Tata had written to his son Dorabji Tata about his visionof a great city in the area.At the turn of the twentieth century, Jamshedji Tatawent to Pittsburgh and asked geologist
Charles Page Perin
to help him find the site to build India’s first steel plant. The search for a site rich in iron, coal,limestone and water began in April 1904 in today’sMadhya Pradesh.The prospectors, C. M. Weld, Dorab Tata and Shapurji Saklatvala, took nearlythree years in a painstaking search across vast stretches of inhospitable terrainto find a location. One day they came across a village called Sakchi
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, on thedensely forested stretches of the Chhota Nagpur plateau, near the confluence of
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theSubarnarekhaand Kharkai rivers. It seemed to be the ideal choice and the place was selected. Development work was undertaken by Durrell & Co, ac ivil engineering firmrun by Lawrence Samuel Durrell
, the father of the naturalist Gerald Durrell (who was born here) and the novelist Lawrence Durrell . Commissioned by theTata family in 1920, Durrell built a tinplate mill, a brick-making plant, anoffice building, a hospital and over 400 workers’ houses. Jamshedji’s plan for the city was clear. He envisioned far more than a mere rowof workers hutments. He insisted upon building all the comforts and conveniences a city could provide. As a result, many areas in the city are well planned and there are public leisure places such as the Jubilee Park.While building the city, Jamshedji Tata had said, “Be sure to lay wide streets planted with shady trees, every other of a quick growing variety. Be sure that there is plenty of space for lawns and gardens; reserve large areas for football,hockey and parks; earmark areas for Hindu temples, Mohammedan mosquesand Christian churches.” What the city looks like today is a testament to his visionary plans. Jamshedpur is the only city in India without a municipality. The responsibility for itsconservation and maintenance is entirely assumed by Tata Steel.
