Tata Steel
India is the world’s second-largest producer of crude steel, with an output of 125.32 MT of crude steel and finished steel production of 121.29 MT in FY23.
Tata Steel is currently the world’s second-most geographically diversified steel producer with an annual crude steel capacity of 34 million tonnes per annum (MTPA) in FY22. 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.
- 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 in India stood at 16.92 million tonnes in FY21
- Total revenue from operation Rs. 53,372 crore (US$ 7.16 billion) in the first quarter of FY22.
Tata Steel – We also make tomorrow
| Year | Milestone |
|---|---|
| 2023 |
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. |
| 2022 |
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. |
| 2021 |
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. |
| 2020 |
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 |
| 2019 |
Tata Structura achieved the India’s Most Trusted Brand Award from International Brand Consulting Corporation |
| 2019 |
Tata Steel introduced India’s first organised steel retail store ‘steeljunction’ in a new avatar |
| 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) |
| 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 |
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