Tata Steel

In May 2024, consolidated FY24 total revenue for Tata Steel stood at Rs. 3,01,626.99 crore (US$ 36.18 billion)

In January 2024, Tinplate Company of India Ltd (TCIL), a Tata Steel unit, announced an investment of Rs. 1,787 crore (US$ 215.1 million) for a 3-lakh-tonnes-per-annum manufacturing facility in Jamshedpur, Jharkhand. This expansion project is expected to be operational by 2026, creating approximately 600 direct and indirect job opportunities.

In January 2024, Tata Steel in the UK unveils its progressive roadmap towards transitioning from blast furnaces to eco-friendly steelmaking, marking a significant step in its ambitious transformation, while also commencing statutory consultation.

In November 2023, the Indian Institute of Metals (IIM) conferred the prestigious IIM-JRD Tata Award (2023) for ‘Excellence in Corporate Leadership in Metallurgical Industries’ to Tata Steel CEO & MD Mr. T. V. Narendran at the 77th Annual Technical Meeting of the Institute in Bhubaneswar.

In October 2023, Tata Steel’s Real-time visualisation of risk movement under its recently implemented Process Safety Management was recognised by World Steel Association with Safety and Health Excellence Recognition 2023.

In July 2023, Tata Steel became the first Indian company to import cargo on bulk carrier that uses LNG as fuel instead of traditional VLSFO (Very Low Sulphur Fuel Oil).

In July 2023, Tata Steel has signed a Memorandum of Understanding (MoU) with the Council of Scientific and Industrial Research-Central Institute of Mining and Fuel Research (CSIR-CIMFR) to accelerate research and development in mining.

Tata Steel, India’s leading steel producer and a pioneer in the construction solutions industry, on June 30, 2023, inaugurated the first-ever fully automated construction service centre in Odisha.

In June 2023, Tata Steel Limited and Germany’s SMS group signed a Memorandum of Understanding (MoU) to collaborate on decarbonisation of steel making process.

In April 2023, Tata Steel signed a business cooperation agreement with A&B Global Mining Pvt. Ltd. (ABGM) to harness new business development opportunities and deliver mine technical services in areas such as exploration, resource evaluation, mine planning & scheduling, due-diligence, investment thesis, digitalisation, clean/hybrid energy solutions, doing pre-feasibility, bankable feasibility studies, owners engineering and project management.

In April 2023, Tata Steel signed a business cooperation agreement with MN Dastur & Company Pvt. Ltd. to complement capabilities in delivering end-to-end services from exploration of mineral reserves to Bankable Feasibility studies and detailed project reports with support in the area of engineering and infrastructure.

Tata Steel has commenced the trial injection of hydrogen gas using 40% of the injection systems in ‘E’ Blast Furnace at its Jamshedpur Works. This is the first time in the world that such a large quantity of hydrogen gas is being continuously injected in a blast furnace.

On April 18, 2023, Tata Steel was recognised as the 2023 Steel Sustainability Champion by the World Steel Association.

In February 2023, Tata Steel had set up an Innovation Centre for Mining and Mineral Research at IIT (ISM) Dhanbad.

In January 2023, Tata Steel has been recognised as the Global Diversity Equity & Inclusion (DEI) Lighthouse 2023 by World Economic Forum.

In January 2023, Tata Steel had set up Centre for Innovation in Mobility at IIT Madras Research Park.

In December 2022, Tata Steel and TuTr Hyperloop signed a MoA to develop and deploy Hyperloop technology, the future of high-speed sustainable mobility system.

In December 2022, Tata Steel Jamshedpur plant received the first all India BIS license to produce Structural Weather Resistant Steel.

In August 2022, Tata Steel signed an MoU with Punjab Government to set up a steel scrap based electric arc furnace steel plant.

In March 2022, for its activities and dedication to sustainable development and the circular economy, Tata Steel has been named a member of worldsteel's New Sustainability Charter.

In September 2021, Tata Steel became the first global steel manufacturer to join the Sea Cargo Charter (SCC) in an initiative to reduce ‘Scope 3’ greenhouse gas emissions in ocean trade.

In August 2021, Tata Steel announced to spend Rs. 8,000 crore (US$ 1.07 billion) on capital expenditure for India operations in FY22.

In August 2021, the company announced to invest Rs. 3,000 crore (US$ 402.36 million) in Jharkhand over the next three years to expand production capacity.

In July 2021, Tata Steel initiated deployment of electric vehicles for transportation of finished steel across the country.

In June 2021, Tata Steel received the GreenPro Certification for Rebars by the Confederation of Indian Industry (CII) Green Business Centre for Building Materials. GreenPro Ecolabel enables end-users to make an informed choice about buying steel that have the lowest environmental impact.

In May 2021, Tata Steel held first-of-its-kind technology convention called Mat-e-Reality, a two-day event that was scheduled from May 26, 2021 to May 27, 2021. The event was aimed to serve as a platform to discuss innovative materials that can enable new technologies and solutions while aiming to protect and conserve the environment.

In December 2020, Tata Steel was recognised as the “Best Organisation Contributing in Sports through CSR” at the FICCI India Sports Awards 2020.

In November 2020, Tata Steel launched a new coated product brand named ‘Galvanova,’ a 55% Aluminium-Zinc alloy coated product to address the evolving and unmet requirements of the Medium and Small-Scale Enterprises (MSMEs).

Tata Steel was associated with the world’s largest cricket stadium, Sardar Vallabhbhai Patel Stadium in Motera, the venue for ‘Namaste Trump’ event

Tata Structura achieved the India’s Most Trusted Brand Award from International Brand Consulting Corporation

Tata Steel introduced India’s first organised steel retail store ‘steeljunction’ in a new avatar

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

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

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

Inaugurated Kalinganagar Steel plant in Odisha

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

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

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

Inaugurated a 1.2 MTPA Cold Rolling Mill Complex

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

The second phase of modernisation concentrated on iron-making area

Started the first phase of four-phased modernisation programme

Signed an agreement with Kaiser Engineering for two million expansion programme

Howrah Bridge was constructed from steel supplied by the company

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

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

Commenced the operations of first blast furnace

Incorporated under the name Tata Iron & Steel Company Ltd