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ADDRESS :

TILAK ROAD, GHATKOPAR (E), MUMBAI 400077.

SUBJECT NAME : PRINCIPAL OF MANAGEMENT. A PROJECT ON : 8/9/2009. SUBMITTED TO : PROF. MAMTA RANE. SUBMITTED BY : VORA . MONICK . J. KOTHARI . VISHAL . G. DEDHIYA . DARPAN . K. RATNANI . HIREN . D. KATTA . NIKHIL . H.

STANDARD : F.Y.B.B.I. SIGNATURE :

INDEX
ACKNOLEDGEMENT INTRODUCTION HISTOTORY PROJECT DETAILS HSBC INSURANCE SERVISES HSBC GROWTH HSBC MUTUALFUND HSBC GLOBLE TECHNOLOGY HSBC GLOBLE MARKET CONCLUSION BIBLOGRAPHY HSBC BUSINESS SERVICES

INTRODUCTION
Established in 1907, Tata Steel is a flagship company of the $66 billion Tata Group, one of India's largest and most respected business houses. Tata Steel recently acquired NatSteel, Asia (2 mtpa) and Millennium Steel (1.7 mtpa) adding up to its annual capacity of 28 million tonnes globally. The Tata Steel Group recorded a turnover of $33 billion in 2007-08. Tata Steel is Asia's first and India's largest private sector steel company. In an attempt at globalisation,

Backed by 100 glorious years of experience in steel making, Tata Steel is among the top ten steel producers in the world with an existing annual crude steel production capacity of 30 Million Tonnes Per Annum (MTPA). Established in 1907, it is the first integrated steel plant in Asia and is now the world`s second most geographically diversified steel producer and a Fortune 500 Company. Tata Steel has a balanced global presence in over 50 developed European and fast growing Asian markets, with manufacturing units in 26 countries. It was the vision of the founder; Jamsetji Nusserwanji Tata., that on 27th February, 1908, the first stake was driven into the soil of Sakchi. His vision helped Tata Steel overcome several periods of adversity and strive to improve against all odds.

Business
Tata Steel's products include hot and cold rolled coils and sheets, galvanised sheets, tubes, wire rods, construction rebars, rings and bearings. Apart from the main steel division, Tata Steel's operations are grouped under the following strategic business units: Bearings Division, Ferro Alloys and Minerals Division, Tubes Division, Wire Division and Rings Division.

Brands
The company has introduced brands like Tata Steelium (the world's first branded cold rolled steel), Tata Shaktee (galvanised corrugated sheets), Tata Tiscon (re-bars), Tata Bearings, Tata Agrico (hand tools and implements), Tata Wiron (galvanised wire products), Tata Pipes (pipes for construction) and Tata Structura (contemporary construction material).

Tata Steel (BSE: 500470), formerly known as TISCO and Tata Iron and Steel Company Limited, is the world's sixth largest steel company, with an annual crude steel capacity of 31 million tonnes. It is the second largest private sector steel company in India in terms of domestic production. Ranked 315th on Fortune Global 500, it is based in Jamshedpur, Jharkhand, India.[3][4] It is part of Tata Group of companies. Tata Steel is also India's second-largest and second-most profitable company in private sector with consolidated revenues of Rs 1,32,110 crore and net profit of over Rs 12,350 crore during the year ended March 31, 2008. [5][6]

Its main plant is located in Jamshedpur, Jharkhand, with its recent acquisitions, the company has become a multinational with operations in various countries. The Jamshedpur plant contains the DCS supplied by Honeywell.The registered office of Tata Steel is in Mumbai. The company was also recognized as the world's best steel producer by World Steel Dynamics in 2005.[7] The company is listed on Bombay Stock Exchange and National Stock Exchange of India, and employs about 82,700 people (as of 2007). [2]

History
Tata Steel was established by Indian Parsi businessman Jamshetji Nusserwanji Tata in 1907 (he died in 1904, before the project was completed). Tata Steel introduced an 8-hour work day as early as in 1912 when only a 12hour work day was the legal requirement in Britain. It introduced leave-with-pay in 1920, a practice that became legally binding upon employers in India only in 1945. Similarly, Tata Steel started a Provident Fund for its employees as early as in 1920, which became a law for all employers under the Provident Fund Act only in 1952. Tata Steel's furnaces have never been disrupted on account of a labour strike and this is an enviable record.

Started as the Tata Hydroelectric Power Supply Company in 1911, it is an amalgamation of two entities: Tata Hydroelectric Power Supply Company and Andhra Valley Power Supply Company (1916).Today Tata Power Company Limited is Indias largest private sector electricity generating company with an installed generation capacity of over 2670 MW. The Company is a pioneer in the Indian power sector. Tata Power has a presence in thermal, hydro, solar and wind areas of power generation, transmission and retail. The founders of Tata Power pioneered the generation of electricity in India with the commissioning of Indias first large hydro-electric project in 1915 in Bhivpuri and Khopoli, Karjat.

Production
Tata Steel annually produces 18 million tonnes of steel in India and 52.32 million tonnes overseas, making it the fifth largest steel producer in the world. It produced a record-breaking 10.32 million tonnes of salable steel in its Jamshedpur works in 2009-10. The company's gross revenue in that financial reporting year was Rs. 20196.24 crores. Its PBT was Rs.621261.65 crores and PAT was Rs.422212.15 crores in the same year.

The Companys Corporate Governance Philosophy

The Company has set itself the objective of expanding its capacities and becoming globally competitive in its business. as a part of its growth strategy, the Company believes in adopting the best practices that are followedin the area of Corporate Governance across various geographies. The Company emphasises the need for full transparency and accountability in all its transactions, in order to protect the interests of its stakeholders. The Board considers itself as a Trustee of its Shareholders and acknowledges its responsibilities towards them for creation and safeguarding their wealth.

The Founder - Jamsetji Nusserwanji Tata (1839-1904)

Jamsetji Nusserwanji Tata ranks among the greatest visionaries of Industrial enterprises of all time. Gifted with the most extraordinary imagination and prescience, he laid the foundations of Indian industry, contributed to its consolidation, and became a key figure in Indias industrial renaissance. Born on 3rd March, 1839 into a family descended from Parsi priests in Navsari, a centre for age-old Parsi culture, he was educated at Elphinstone College, Bombay.

PRODUCTION
Tata Steel`s Jamshedpur Works produces hot and cold rolled coils and sheets, galvanized sheets, tubes, wire rods, construction rebars and bearings. In an attempt to 'decommoditise' steel, Tata Steel has introduced brands like Tata Steelium (the world's first branded Cold Rolled Steel), Tata Shaktee (Galvanized Corrugated Sheets), Tata Tiscon (re-bars), Tata Bearings, Tata Agrico (hand tools and implements), Tata Wiron (galvanized wire products), Tata Pipes (pipes for construction) and Tata Structura (contemporary construction material).Apart from these product brands, the company also has in its folds a service brand called steeljunction. Corus main operating divisions comprise Strip Products, Long Products and Distribution & Building Systems Division.

VISION
We aspire to be the global steel industry benchmark for Value Creation and Corporate Citizenship. We make the difference through: Our people, by fostering team work, nurturing talent, enhancing leadership capability and acting with pace, pride and passion. Our offer, by becoming the supplier of choice, delivering premium products and services, and creating value with our customers. Our innovative approach, by developing leading edge solutions in technology, processes and products. Our conduct, by providing a safe working place, respecting the environment, caring for our communities and demonstrating high ethical standards.

OPERATION
The thermal power stations of the company are located at Trombay in Mumbai, Jojobera in Jharkhand and Belgaum in Karnataka. The hydro stations are located in the Western Ghats of Maharashtra and the wind farm in Ahmednagar.
The Company has been a front-runner in introducing state-of-the-art power technologies. Tata installed Indias first 500 MW unit at Trombay, the first 150 MW pumped storage unit at Bhira, and a flue gas desulphurization plant for pollution control at Trombay. At 2.4% the Company's transmission & distribution losses are among the lowest in the country. Tata Power has served Mumbais consumers for over nine decades. Outside Mumbai, the company now has generation capacities in the States of Jharkhand and Karnataka and a Distribution Company in Delhi. .

INTERNATIONAL OPERATIONAL
The Company has also executed several overseas projects in the Middle East, Africa and South East Asia. Of particular interest are the Jebel Ali G station (4 x 100 MW + desalination plant) in Dubai, Al-Khobar II (5 x 150 MW + desalination plant) and Jeddah III (4 x 64 MW + desalination plant) in Saudi Arabia, Shuwaikh (5 x 50 MW) in Kuwait, EHV substations in UAE and Algeria, and power plant operation and maintenance contracts in Iran and Saudi Arabia.

FUTURE PLANNING
Tata Power has entered into a 51:49 joint venture with PowerGrid Corporation of India for the 1200 km Tala transmission project. The joint venture is Indias first transmission project to be executed with public-private partnership. Tata Power has also won a contract for building 4000 MW power plant at Mundra. A unique aspect of this project is that for the first time in India a 4000MW power plant is being built utilizing one large construction project; all other large projects have always involved stage construction.

Tata Iron and Steel Company, the first ever privatized iron and steel plant to be set up in Asia, has added many a feather to its already brimming cap. The company was established in the year1907 by Jamshedji Tata and is credited to be the largest private sector steel plant that dots the landscape of the Indian subcontinent. Tata Iron and Steel Company, also recognized by the acronym TISCO has been conferred the elite status of the EVA+ (Economic Value Added) company. The industrial conglomerate is famed as one of the few companies that produce quality steel at very economic rates. The strategic location of the plant near one of the most mineral rich areas of the country and the existence of a major rail head is also responsible for the factory's flourishing business. The use of the high tech 5 MTPA (million ton per annum) plant in Tatanagar as well as the easy availability of raw materials has ensured the company ranks among the key players of the global market. Tata Iron and Steel Company is an avant-garde of India's steel sector and has expanded to include NatSteel, Asia that makes use of a 2 MTPA steel plant and Millennium Steel or Tata Steel Thailand that is based on a 1.7 MTPA technology steel plant. The Tata group is rapidly spreading its wings across South East Asia as well as the countries that border the Pacific coast.

Undeterred by the global economic downturn, Tata Steel today announced expansion plans worth Rs 40,000 crore to ramp up its production capacity to 16 million tonnes (MT) within five years. The worlds fifth largest steel manufacturer has decided to go full throttle on greenfield projects by pledging to invest Rs 15,000 crore each on its proposed plants in Chhattisgarh and Orissa, besides investing Rs 10,000 crore to enhance its capacity in Jamshedpur plant to 10 MT by the last quarter of the next fiscal from the current 6.8 MT.

It is true that most people find it difficult to expand in a situation like this. But Tata Steel has always preferred to expand in tough times. Downturn is the best time to expand. So we want to pursue greenfield projects with a renewed vigour and have decided to invest close to Rs 40,000 crore for enhancing our capacity, Tata Steel vice-president (corporate services) Partha Sengupta said.

To exemplify the companys thrust on greenfield projects, Sengupta said, acquisition of land in Chattisgarh is all set to be completed by the middle of next year. The state government has already acquired about 70 per cent of the project land in Jagdalpur and would soon start handing (it) over to the company, he said.

Tata Steel has already been assured of iron ore captive linkage for the project from the Baliladila mining range in Chhattisgarhs Dantewada district. Company vice-president (long products) Hridayeshwar Jha said only long products (construction grade steel) would be produced in the plant for which the first phase of 3 MT is likely to be commissioned by 2013-14.

Tata Steel has been a pioneer in ushering in the most modern, state-of-the-art technology since it was set up in the year 1907. The Founder and those who have led the company have always laid emphasis on the use of modern technology in all areas of its operations. Consequently, over nearly 90 years the Steel Company has stayed young.

The company has always harnessed the benefits of technical innovations and modern infrastructure. Thus, Tata Steel has always had a leading edge over its competitors not only in the domestic sector but also in the global market.

Technology obsolescence is an inherent business risk in this fast changing world. The speed of change and adaptability is crucial for survival of business. At Tata Steel, a continuing modernisation process has enabled the Company to do away with obsolete plants/processes and emerge as one of the most modern integrated Steel plant in the world. Steel being a capital intensive industry, this process has involved huge capital investment.

In the recent past, Tata Steel has taken major strides to adapt the latest technology available worldwide. This has resulted in huge benefits in the form of waste control, savings and cost of production. Tata Steel now, can proudly boast of being the lowest cost steel producer in the world. With this major advantage, it hopes to satisfy its valued customers and maintain its leadership position in the world market.

Industrial growth has led to immense environment damage and from the USA to Japan, steel plants have traditionally been the worst offenders. However, one corporate giant has chosen to take the road less trodden and reverse the damage such plants have inflicted on Earth. Even with a successful Millennium Project under its belt, Tata Steel does not seem inclined to stop its greening efforts. Our HOME TEAM paid a visit to Jamshedpur and Noamundi.

At the Steel Works in Jamshedpur, one is in for a pleasant surprise. Expecting the typical 'green-corporate' set-up of a few lawns and some potted plants lost among huge buildings, you find acres of green and wooded areas instead.

AWARDS
Tata Steel conferred 'Rashtriya Khel Protsahan Puruskar' New Delhi, August 29, 2009Tata Steel receives Rashtriya Khel Protsahan Puraskar 2009 Jamshedpur, July 30, 2009Tata Steel wins Golden Peacock Award for Corporate Social Responsibility Jamshedpur, March 4, 2009Tata Steel wins the ET Award for the Company of the Year Jamshedpur, January 20, 2009

CAPACITY EXPANTION
Tata Steel has set an ambitious target to achieve a capacity of 100 million tonne by 2015. Managing Director Balasubramanian Muthuraman (shortened simply to "B Muthuraman") stated that of the 100 million tonne, Tata Steel is planning a 50-50 balance between greenfield facilities and acquisitions.
Overseas acquisitions have already added up to 21.4 million tonne, which includes Corus production at 18.2 million tonne, Natsteel production at two million tonne and Millennium Steel production at 1.2 million tonne. Tata is looking to add another 29 million tonnes through the acquisition route

CONCLUSION
In this changed steel scenario, Tata Steel cannot stand still. It must explore ways of enhancing its capacity domestically as also establishing finishing facilities in strategic locations internationally, leveraging its low cost Indian base and the availability of domestic iron ore. The Company needs to evaluate and invest in new emerging steel-making technologies, so as to enable it to be a state-of-the-art steel-making facility. Tata Steel is in the process of developing such longer-term strategies so that it can play a meaningful role in the steel industry in the coming years.

Therefore, Tata Steel is well poised to face the future. The industry has revived, and Tata Steel is reaping the benefits of the investments and hard decisions it has taken in the difficult years of the past. The tremendous support, innovativeness and enormous dedication of everyone in the Company will continue to be Tata Steels greatest asset in the coming years, and will enable it to continue its tradition of playing a leading role in the industrial development of the country.

BIBLIOGRAPHI
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PAPER : HINDUSTAN TIMES & TIMES OF INDIA. GUIDE : TEACHER & FRIENDS.