History of Tata steel
The Tata Group is almost 150 years old. It currently comprises 96 operatingcompanies, which together employed some357,000
people worldwide andhad revenues of US$ 72.5 billion
(Feb 2009) billion in 2008-09. Tata isactive in seven major business lines: information systems andcommunications, engineering, materials, services, energy, consumer products and chemicals. Its 28 publicly listed companies have a combinedmarket capitalisation of US$47.6 billion that is the second highest amongIndian business houses in the private sector, and a shareholder base of over 2million. The Group has operations in more than 54 countries and itscompanies export products and services to 120 nations.
Tata Iron andSteel Company Limited
, is the world's sixth largest steel company, with anannual crude steel capacity of 31 million tonnes. It is the largest privatesector steel company in India in terms of domestic production. Ranked 258thonFortune Global 500, it is based inJamshedpur ,Jharkhand,India.
It is part of Tata Groupof companies. Tata Steel is also India's second-largestand second-most profitable company in private sector with consolidatedrevenues of Rs 1,32,110croreand net profit of over Rs 12,350 crore duringthe year ended March 31, 2008.
Its main plant is located in Jamshedpur, Jharkhand, with its recentacquisitions, the company has become amultinationalwith operations invarious countries. The Jamshedpur plant contains the DCS supplied byHoneywell.The registered office of Tata Steel is inMumbai. The company
was also recognized as the world's best steel producer by World SteelDynamics in 2005.
Tata Steel annually produces 18 million tonnes of steel in India and 52.32million tonnes overseas, making it the fifth largest steel producer in the