Tata Steel

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Tata Steel

Type Public (BSE: 500470)

Industry Steel

Founded 1907

Founder(s) Dorabji Tata

Headquarters Mumbai, Maharashtra, India[1]

Area served Worldwide

Key people Ratan Tata (Chairman)

B Muthuraman (Vice Chairman)

HM Nerurkar(MD)

Products Hot and cold rolled coils and sheets

Wire and rods

Construction bars

Pipes

Structurals and forging quality steel

Revenue  $22.741 billion (2010)[2]

Profit  $-423.5 million (2010)[3]

Total assets  $24.446 billion (2010)[3]

Total equity  $5.082 billion (2010)[3]

Employees 34,101 (2010)[4]
 Parent Tata Group

Subsidiaries Tata Steel Europe

Website TataSteel.com

Tata Steel (BSE: 500470), formerly known as TISCO and Tata Iron and Steel Company Limited, is the
world's seventh largest steel company,[5] with an annual crude steel capacity of 31 million tonnes. It is the
largest private sector steel company in India in terms of domestic production. Currently ranked 410th
on Fortune Global 500, it is based in Jamshedpur, Jharkhand, India.[6][7] 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  132,110 crore (US$29.33 billion) and net profit of over 
12,350 crore (US$2.74 billion) during the year ended March 31, 2008. [8][9] Tata Steel is the 8th most
valuable brand according to an annual survey conducted by Brand Finance and The Economic Times in
2010. [10]

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. [11] The company is listed on Bombay Stock
Exchange and National Stock Exchange of India, and employs about 82,700 people (as of 2007).[4]

Contents
 [hide]

1 Capacity Expansion

o 1.1 Acquisitions

o 1.2 Corus

 1.2.1 Other

acquisitions

2 Controversies

o 2.1 Dhamra Port

3 References

[edit]Capacity Expansion

Tata Steel has set an ambitious target to achieve a capacity of 100 million tonne by 2015. Managing
Director B. Muthuraman stated that of the 100 million tonne, Tata Steel is planning a 50-50 balance
between greenfield facilities and acquisitions.[12][13]
 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.[12][13]

 Tata Steel has lined up a series of greenfield projects in India and outside which includes [12]

1. 6 million tonne plant in Orissa (India)

2. 12 million tonne in Jharkhand (India)

3. 5 million tonne in Chhattisgarh (India)

4. 3-million tonne plant in Iran

5. 2.4-million tonne plant in Bangladesh

6. 5 million tonne capacity expansion at Jamshedpur (India)

7. 4.5 million tonne plant in Vietnam (feasibility studies underway)

[edit]Acquisitions

[edit]Corus

Main article:  Tata Corus acquisition

 On 20 October 2006, TISCO signed a deal with Anglo-Dutch company, Corus

 On 19 November 2006, the Brazilian steel company Companhia Siderúrgica Nacional (CSN)

launched a counter offer for Corus at 475 pence per share, valuing it at £4.5billion.

 On 11 December 2006, Tata preemptively upped the offer to 500 pence, which was within hours
trumped by CSN's offer of 515 pence per share, valuing the deal at £4.9 billion. The Corus board
promptly recommended both the revised offers to its shareholders.

Wikinews has related

news:Steel Industry: Tata
buys Corus

 On 31 January 2007 Tata Steel won their bid for Corus after offering 608 pence per share, valuing
Corus at £6.7 billion; as a result and pending acceptance and completion of the takeover, the joining of
the two will create the fifth largest steel company in the world.
[edit]Other acquisitions

 In August 2004, Tata Steel entered into definitive agreements with Singapore based NatSteel Ltd
to acquire its steel business for Singapore $486.4 million (approximately Rs 1,313 crore) in an all cash
transaction.[14]
 In 2005, Tata Steel acquired 40% Stake in Millennium Steel based in Thailand for $130 million
(approx. Rs 600 crore).[15]

 In 2007 Tata Steel through its wholly owned Singapore subsidiary, NatSteel Asia Pte Ltd acquired
controlling stake in two rolling mills: SSE Steel Ltd, Vinausteel Ltd located in Vietnam. [16]
[edit]Controversies

The company is facing increasing criticism that the drive for growth and profits is completely
overshadowing its once famed philanthropy, and causing lasting social and environmental damage at
various locations.[17] In response, Tata cites its programs for environment and resource conservation,
including reduction in greenhouse emission, raw materials and water consumption. The company has
increased waste re-use and re-cycling, and reclaims land at its captive mines and collieries through
forestation. Tata Steel's chief, environment and occupational health, says, "Our capital investment in
pollution-abatement solutions was in the vicinity of Rs 400 crore in 2003-04." [18]

[edit]Dhamra Port
The Dhamra Port, a Joint Venture between Larsen & Toubro and Tata Steel, has come in for criticism from
groups such as Greenpeace, Wildlife Protection Society of India and the Orissa Traditional Fishworkers'
Union. The port is being built within five kilometres of the Bhitarkanika National Park, a Ramsar wetland of
international importance, home to an impressive diversity of mangrove species, saltwater crocodiles and an
array of avian species. The port will also be approximately 15 km. from the turtle nesting of Gahirmatha
Beach, and turtles are also found immediately adjoining the port site. Aside from potential impacts on
nesting and feeding grounds of the turtles, the mudflats of the port site itself are breeding grounds
for horseshoe crabs as well as rare species of reptiles and amphibians. One such species, the
amphibian Fejervarya cancrivora, is the first record for the Indian mainland.[19][20]