Tata Steel
 | |
| Company type | Public |
|---|---|
| BSE: 500470 NSE: TATASTEEL | |
| Industry | Steel |
| Founded | 1907 |
| Founder | Jamsetji Tata, Dorabji Tata |
| Headquarters | Mumbai, Maharashtra, India |
Key people | T. V. Narendran (CEO & Managing Director) Natarajan Chandrasekaran (Chairman, Tata Group) |
| Revenue | US$29.7 billion (2024)[1] |
Number of employees | 75,000 (2024)[2] |
| Parent | Tata Group |
| Subsidiaries | Tata Steel Europe, Tata Steel Thailand, NatSteel, Tata Steel BSL |
| Website | www |
Tata Steel Limited is an Indian multinational steel-making company, headquartered in Mumbai, Maharashtra, India. A subsidiary of the Tata Group, it was founded in 1907 by Jamsetji Tata and Dorabji Tata as the Tata Iron and Steel Company (TISCO). It is one of India's largest steel producers and ranks among the world's top steel companies, with operations in over 26 countries.[2] As of 2024, Tata Steel has an annual crude steel capacity of 34 million tonnes and employs approximately 75,000 people.[3]
History
Founding and Early Years
Tata Steel was established in 1907 as the Tata Iron and Steel Company in Jamshedpur, Jharkhand, fulfilling Jamsetji Tata's vision of building India's first modern steel plant.[4] Dorabji Tata, Jamsetji's son, oversaw its establishment after securing land and resources in Sakchi (now Jamshedpur). The first steel ingot was rolled in 1912, marking a milestone in India's industrial history.[5]
Growth and National Importance
During the 20th century, Tata Steel played a pivotal role in India's industrialization. It supplied steel for major infrastructure projects, including railways and bridges, during the British Raj and post-independence.[4] The company expanded its Jamshedpur plant and established new facilities, increasing production capacity. By the 1990s, it was India’s leading steel producer, focusing on modernization and efficiency.[2]
Global Expansion
Under Ratan Tata's leadership, Tata Steel pursued global expansion. In 2007, it acquired Corus Group, a British-Dutch steelmaker, for US$12.1 billion, making it one of the largest foreign acquisitions by an Indian company.[6] This acquisition expanded Tata Steel’s footprint in Europe, forming Tata Steel Europe. Other acquisitions included NatSteel in Singapore (2004) and Tata Steel Thailand (2008), enhancing its presence in Asia.[7]
Recent Developments
Since 2017, under CEO T. V. Narendran, Tata Steel has focused on sustainability, digitalization, and capacity expansion. In 2024, the company announced plans to increase its capacity to 40 million tonnes by 2030.[3] It has invested in green steel initiatives, including hydrogen-based steelmaking, to reduce carbon emissions.[8] In 2023, Tata Steel merged with Tata Steel BSL and other subsidiaries to streamline operations.[9]
Operations
Tata Steel operates major facilities in:
- India: The Jamshedpur plant remains its flagship, with additional plants in Kalinganagar, Odisha, and Dhenkanal.[2]
- Europe: Tata Steel Europe operates in the United Kingdom and Netherlands, with key plants in Port Talbot and IJmuiden.[6]
- Asia: Operations in Singapore, Thailand, and other countries through NatSteel and Tata Steel Thailand.[7]
The company produces a range of products, including flat steel, long steel, and specialty products for automotive, construction, and infrastructure sectors.[2]
Sustainability and Innovation
Tata Steel is committed to sustainability, aiming for carbon neutrality by 2045. It has adopted technologies like carbon capture and hydrogen-based steelmaking.[8] The company also leverages digital tools, including AI and IoT, to optimize production.[3]
Philanthropy
As part of the Tata Group, Tata Steel supports community development through Tata Trusts. It funds education, healthcare, and skill development in Jamshedpur and other regions, including the establishment of schools and hospitals.[5]
External Links
References
- ↑ "Tata Steel Q4 results: Net profit plunges 64% to Rs 611 crore, revenue down 4%". The Economic Times. 30 May 2024. Retrieved 30 May 2025.
- ↑ 2.0 2.1 2.2 2.3 2.4 "Our Organisation". Tata Steel. Retrieved 30 May 2025.
- ↑ 3.0 3.1 3.2 "Tata Steel aims to boost capacity to 40 MT by 2030". Business Standard. 29 May 2024. Retrieved 30 May 2025.
- ↑ 4.0 4.1 "Tata Steel: 115 years of building India's industrial backbone". Livemint. 25 August 2023. Retrieved 30 May 2025.
- ↑ 5.0 5.1 "Tata Steel: A legacy of innovation and growth". Hindustan Times. 15 October 2022. Retrieved 30 May 2025.
- ↑ 6.0 6.1 "Tata Steel wins Corus with $12.1bn deal". Financial Times. 31 January 2007. Retrieved 30 May 2025.
- ↑ 7.0 7.1 "Tata Steel acquires NatSteel for $286 mln". Reuters. 16 October 2004. Retrieved 30 May 2025.
- ↑ 8.0 8.1 "Tata Steel's green steel initiatives: Hydrogen-based steelmaking". CNBC-TV18. 5 November 2024. Retrieved 30 May 2025.
- ↑ "Tata Steel completes merger with Tata Steel BSL". The Economic Times. 20 June 2023. Retrieved 30 May 2025.