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Tata Steel

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Tata Steel

  • World’s second-most geographically diversified steel producer
  • Commercial presence in over 50 countries with employees across five continents
  • Lowest cost producer of steel in Asia
  • Second largest steel producer in Europe with a crude steel production capacity of over 12.1 MTPA
  • Crude steel production of 26.4 million tonnes in Q2 FY19
  • Consolidated total income of Rs 159,089.57 crore (US$ 22.76 billion) in FY19

Tata Steel is currently the world’s second-most geographically diversified steel producer. The company one of the few steel operations that is fully integrated – from mining to the manufacturing and marketing of finished products. Continuous improvement in its product and service portfolio, along with success in value creating initiatives for customers, allows the company to serve global growth markets. Today, it operates in 26 countries and has a commercial presence in over 50 countries with employees across five continents. The company’s raw material operations are spread across India and Canada which helps it to be self-sufficient in steel production. It is planning to enhance installed production capacity to 30 MTPA by 2025.

Company Website: https://www.tatasteel.com

Tata Steel – We also make tomorrow

2019 Tata Sponge Iron, subsidiary of Tata Steel announced the completion of acquisition of Usha Martin Ltd.

2018

Company’s plant at IJmuiden, Netherlands recognised as ‘Manufacturing Lighthouse’ by the World Economic Forum (WEF)
Completed acquisition of Bhushan Steel Limited

2017

Announced signing of a Memorandum of Understanding (MoU) with Germany's Thyssenkrupp AG to create a leading European steel enterprise

2015

Inaugurated Kalinganagar Steel plant in Odisha

2010

Entered into an MOU with NMDC Ltd to explore the possibility of acquisition, exploration and development of mines

2007

Acquired Corus, Europe's second largest steel producer, for US$ 12 billion, making the company the world's sixth largest steel producer

2005

Signed a definite agreement to acquire shares and invest equity in Milennium Steel Thailand

2000

Inaugurated a 1.2 MTPA Cold Rolling Mill Complex

1993-94

Commissioned a Hot Strip Mill with a capacity of 1 MTPA which was the third-phase of the modernisation programme

1988

The second phase of modernisation concentrated on iron-making area

1980

Started the first phase of four-phased modernisation programme

1955

Signed an agreement with Kaiser Engineering for two million expansion programme

1943

Howrah Bridge was constructed from steel supplied by the company

1925

The New Rail Mill Merchant Mill and Sheet Mill went into operation

1918

Established India's first steel (coke) plant in Jamshedpur

1911

Commenced the operations of first blast furnace

1907

Incorporated under the name Tata Iron & Steel Company Ltd

 

Updated: May, 2019

Steel
India’s finished steel consumption is anticipated to increase to 230 MT by 2030-31