Professional Documents
Culture Documents
Roll number-14
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TATA STEEL BSL LIMITED (Formerly
known as Bhushan Steel Limited)
email: tsbsl@tatasteelbsl.co.in.
Website: www.tatasteelbsl.co.in.
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Acknowledge
• This project is given to me by the honorable teachers and I agreed that I will prepare this industrial report with
integrity and honesty and I ensure that I will collect data[online] and prepared myself and will not take anyone's
help except online platforms
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preface
• In this industrial report I am going to show you all information regarding to the company like establishment,
history and development, board of directors, general information, shareholding pattern 1. Promoters, Managing
Body, Mission & Vision statement , Corporate governance & Business Ethics, CSR Activities, Production
Information, Product of the company, Manufacturing Process, Machineries required, Marketing Department,
Product decisions, Market segmentation, Market promotion, Channel of distribution, Financial Concerns,
Balance sheet, profit & loss account, Total sales, Dividends related information.
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index
Student information 2
Company’s information 3
acknowledgement 4
preface 5
index 6
Board of directors 8
General information 9 to 18
Product information 19 to 30
Marketing department 31 to 38
Human resource 39 to 46
Financial concerns 47 to 65
bibliography 66 6
Formerly Tata Iron and Steel Company Limited (TISCO)
Type Public
ISIN INE081A01012
Industry Steel
Iron
[1]
Headquarters Mumbai, Maharashtra, India
Products Steel
Long steel products
Structural steel
Wire products
Steel casing pipes
Household goods
[2]
Revenue ₹181,227 crore (US$24 billion) (2021)
[2]
Operating income ₹21,123 crore (US$2.8 billion) (2021)
[2]
Net income ₹7,862 crore (US$1.0 billion) (2021)
[2]
Total assets ₹245,487 crore (US$33 billion) (2021)
[2]
Total equity ₹73,041 crore (US$9.7 billion) (2021)
[2]
Number of employees 32,364 (2021)
Website www.tatasteel.com
Board of directors
Saurabh Agrawal
Non-Executive Director
Koushik Chatterjee
Executive Director and
Chief Financial Officer
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General information
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Introduction and establishment
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History
• Tata Iron and Steel Company (TISCO) was founded by Jamsetji Nusserwanji Tata and
established by Sir Dorabji Tata on 26 August 1907. TISCO started pig iron production
in 1911 and began producing steel in 1912 as a branch of Jamsetji's Tata Group.The
first steel ingot was manufactured on 16 February 1912. During the First World War
(1914–1918), the company made rapid progress.
• In 1920, The Tata Iron & Steel Company also incorporated The Tinplate Company of
India Ltd (TCIL), as a joint venture with then Burmah Shell to manufacture Tinplate.
TCIL is now Tata Tinplate and holds 70% market share in India.
• By 1939, it operated the largest steel plant in the British Empire. The company
launched a major modernisation and expansion program in 1951. Later, in 1958, the
program was upgraded to 2 million metric tonnes per annum (MTPA) project. By
1970, the company employed around 40,000 people at Jamshedpur, and a further
20,000 in the neighbouring coal mines.
• Nationalisation attempts
• There were two attempts one in 1971 and another in 1979, nationalise the company.
Both were unsuccessful attempts. In 1971 Indira Gandhi regime tried to nationalise the
company, but failed. In 1979 Janata Party regime (1977–79), wanted to nationalise
TISCO (now Tata Steel). Then Minister for Industries George Fernandes, at the
instigation of Biju Patnaik, Minister for Steel threatened nationalisation, but due to the
unions protests the move failed.
• In 1990, the company began to expand, and established its subsidiary, Tata Inc., in
New York. The company changed its name from TISCO to Tata Steel Ltd. in 2005.
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expansion
• Acquisitions:
• NatSteel in 2004: Tata Steel agreed to acquire the steel making operations of the
Singapore-based NatSteel for $486.4 million in cash. NatSteel had ended 2003 with
turnover of $1.4 billion and a profit before tax of $47 million.The steel businesses of
NatSteel would be run by the company through a wholly owned subsidiary called Natsteel
Asia Pte Ltd.The acquisition was completed in February 2005.At the time of acquisition,
NatSteel had a capacity of about 2 million tonnes per annum of finished steel.
• Millennium Steel in 2005: Tata Steel acquired a majority stake in the Thailand-based
steelmaker Millennium Steel for a total cost of $130 million. It paid US$73 million to
Siam Cement for a 40% stake and offered to pay 1.13 baht per share for another 25% of
the shares of other shareholders. Millennium Steel has now been renamed to Tata Steel
Thailand and is headquartered in Bangkok . On 31 March 2013, it held approx. 68% shares
in the acquired company.
• Tata corus acquisition:
• Corus in 2006: Tata Steel signed a deal with Anglo-Dutch company, Corus to buy 100%
stake at £4.3 billion ($8.1 billion) at 455 pence per share. 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 £4.5 billion. On 11 December 2006, Tata
pre-emptively upped its offer to 500 pence per share, 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. On 31 January 2007,
Tata Steel won their bid for Corus after offering 608 pence per share, valuing Corus at
£6.7 billion ($12 billion).
In 2005, Corus employed around 47,300 people worldwide, including 24,000 in the UK. At
the time of acquisition, Corus was four times larger than Tata Steel, in terms of annual
steel production. Corus was the world's 9th largest producer of Steel, whereas Tata Steel
was at 56th position. The acquisition made Tata Steel world's 5th largest producer of Steel.
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expansion
13
Shareholding Pattern - Tata Steel Ltd.
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The Board of Tata Steel in Europe
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Mission
Consistent with the vision and values of the founder Jamsetji Tata, Tata Steel strives to
strengthen India’s industrial base through effective utilisation of staff and materials. The
means envisaged to achieve this are cutting-edge technology and high productivity,
consistent with modern management practices.
Tata Steel recognises that while honesty and integrity are essential ingredients of a strong and
stable enterprise, profitability provides the main spark for economic activity.
Overall, the Company seeks to scale the heights of excellence in all it does in an atmosphere
free from fear, and thereby reaffirms its faith in democratic values.
Integrity:
We will be fair, honest, transparent and ethical in our conduct; everything we do must stand
the test of public scrutiny.
Excellent:
We will be passionate about achieving the highest standards of quality, always promoting
meritocracy.
Unity:
We will invest in our people and partners, enable continuous learning, and build caring and
collaborative relationships based on trust and mutual respect.
Responsibility:
We will integrate environmental and social principles in our businesses, ensuring that what
comes from the people goes back to the people many times over
Pioneering:
We will be bold and agile, courageously taking on challenges, using deep customer insight to
develop innovative solutions.
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CORPORATE GOVERNANCE REPORT
Code of conduct:
The Company has a strong legacy of fair, transparent and ethical governance practices.
The Company has adopted the Tata Code of Conduct (‘TCoC’) for Executive Directors
(‘EDs’), Senior Management Personnel and other Executives and Employees, which is
available on the website www.tatasteel.com The Company has received confirmations from
the EDs as well as Senior Management Personnel regarding compliance of the Code during
the year under review. The Company has also adopted the Code of Conduct for Non-
Executive Directors (‘NEDs’) of the Company which includes Code of Conduct for
Independent Directors (‘IDs’) which suitably incorporates the duties of Independent
Directors as laid down in the Companies Act, 2013. The same is available on the
website www.tatasteel.com. The Company has received confirmations from the NEDs and
IDs regarding compliance of the Code for the year under review.
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CSR activities
• India
• In India, we are partnering with our community and all other stakeholders in our journey
towards a sustainable tomorrow.
• We endeavour to preserve and promote tribal culture and heritage through various
initiatives including tribal leadership programme, Samvaad tribal conclave, tribal language
centres, curated tribal literature programmes, imparting training on tribal musical
instruments and documenting stories of tribal legacy. In healthcare, we partner with
governments and independent organisations worldwide to work towards improving the
overall health and hygiene of the community in and around areas where we operate.
• Global
• Tata Steel Thailand is one of the first 30 companies that joined UNICEF in Child Friendly
Business in “The Children Sustainability Forum” to make a commitment in protecting
children's rights.
• Tata Steel Europe’s Community Partnership Programme ‘Future Generations’, with sub-
themes of education, environment, health and well-being, works across the UK, assisting
job and wealth creation by supporting small and medium businesses with finance and
business premises.
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Product information
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Product segments in india
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agriculture
Tata Agrico, the oldest brand of Tata Steel, is a pioneer in superior quality
agricultural implements and the leading manufacturer of hoes, shovels,
sickles, crowbars, pickaxes, hammers and garden tools. It has also entered the
hand tools market launching its own range of files, pliers, spanners,
wrenches, screwdrivers and other tools. Agrico has introduced specialised
tools for the mechanised implements market.
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Automotive Steels
The Indian Automotive Industry has made great strides over the past two decades and
has emerged as one of the fastest growing markets in the world. Steel continues to be a
material of choice for Auto makers with steel contributing to ~60-65% of the total raw
material content in the average Indian vehicles. Recognizing the emerging need of
automotive manufacturer, Tata Steel has heavily invested in new facilities, capabilities and
infrastructure (upstream & downstream). Tata Steel has taken the lead in development of
specialized products for the automotive segments such as micro-alloyed high strength steels,
Interstitial Free (IF) steel and Galva Annealed for two-wheeler fuel tanks. We have been the
first domestic integrated supplier of Hot Rolled high-strength steels and outer body panels fo
passenger vehicles. With the commissioning of JCAPCPL (a joint venture of TSL and
NSSMC) and Kalinganagar plant, we are targeting to bring the next generation of advanced
high strength steels (AHSS) to India
Over the last 20 years, we have been the preferred supplier for all major automotive
manufacturers and ancillaries in India, and aspire to maintain this leadership position in the
automotive segment
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Construction
Tata Steel offers a range of products and systems that can be segmented according to their
primary function – the structural frame (sections, tubes), infrastructure, building solutions
(roof and wall products) and internal fit out applications (HVAC).
The Company works closely with customers to deliver solutions aimed at improving cost-
effectiveness and speed of construction, increasing the functionality and performance of
buildings and infrastructure, and reducing the consumption of resources, including energy,
both in the original construction process and in ongoing usage.
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Consumer Goods
• In a rapidly growing economy when customers are getting more quality conscious and
demanding every day, Tata Steel makes sure that it keeps renewing its product range with
customised developments and innovations to suit specific requirements. The Company
manufactures and processes steel for a wide range of customers across the Consumer
Goods sector worldwide. These include domestic appliances, manufactured goods,
packaging and many other applications.
These products are primarily used in white goods, lighting, furniture, office equipment,
and IT hardware. Customers in this sector want a variety of quality products - often
customised to suit their specifications - reliability and flexibility in supply and service;
innovation, and technical support to provide them with differentiation and competitive
advantage. To cater to this, Tata Steel has organised its product and service offerings to be
market focused and reflect specific market needs.
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Energy and Power
• As global demand for key energy sources increases, Tata Steel products play a vital role to
provide optimised steel solutions for the international energy & power sector, and for the
growing renewable energy industry. As one of the world’s largest steel manufacturers, the
Company is continually enhancing its product offering and also developing innovative
products to meet evolving industry requirements.
High performance steels, backed by dedicated support and expert advice, fulfill a whole
range of applications in the energy market. Tata Steel’s product portfolio for this sector
includes wide ranging energy applications as well as quality base steel products like high
quality pipeline systems, structural products, light fabricated systems and steel components
for drilling and power generation. Additional processing options are also available
including coating, profiling and welding.
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Engineering
• Gears, engines, motors, hydraulic systems, power generation are some of the areas that
demand many engineering applications for steel.
The comprehensive portfolio of solutions ranges from routine testing through engineering
services and custom-made plant & equipment to engineering consulting. Multi-disciplinary
expertise relating to the design, manufacture and supply of high- precision equipment is
offered to various industry sectors.
Tata Growth Shop (TGS) is a multi-disciplinary engineering complex that designs and
manufactures heavy engineering equipment including special purpose Electric Overhead
Travelling Cranes. TGS provides in-house design and manufacturing capability and also
contributes to the capital projects of the Company.
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Material Handling
• Reliable and consistent steel quality is essential for the assurance of safety, the avoidance
of costly machine downtime and the delivery of critical properties such as exceptional
wear resistance in service. Tata Steel is the preferred supplier for many large players in the
Material Handling sector, which manufacture machinery used in the movement or
extraction of materials. This includes heavy construction and earth moving equipment,
mining machinery, cranes and fork lift trucks, as well as agricultural and forestry
equipment, and trailers.
All of these sub-sectors are highly steel intensive and require a wide range of steel
products including high strength steel strip and plate, hot and cold formed hollow sections,
special profiles, engineered steel bar and tubes etc.
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We cater to the Indian markets with following key
products:
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Our Products / Brands
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Manufacturing process of steel
From coarse and rocky iron ore to tough and shiny steel - the making of the alloy is
a journey that starts from the crust of the earth, involves complex metallurgical reactions and
processes, and demands technological expertise of the highest degree. Tata Steel’s
Jamshedpur plant, the very first steel plant in India (production started in 1912), is today
among the country’s largest integrated steel-making facilities, producing around 10 million
tonnes of steel every year.
The hot metal is converted into steel through a steelmaking process called the LD process.
Flat Products:
The steel is cast into slabs, which are then rolled into hot rolled coils in the Hot Strip Mill &
Thin Slab Caster. Some of the hot rolled coils are further rolled into cold rolled and
galvanisedcoils in the Cold Rolling Mill.
Long Products:
The steel is cast into billets, which are then rolled into rebars and wire rods in the Long
Product Rolling Mills.
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Marketing department
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Market segments
Market Segment Market sub-segments Products & Brands Key Support Initiatives to Customers
(customer groups)
Construction Individual House Builders Tata Tiscon (Rebars) Superlinks & Footings
(B2C) Tata Structura (Pipes) Customer Service Engineers
Tata Pravesh (Doors & Windows) Experience Zones
Infrastructure TMT Rebars (Higher Dia Rebars, Corrosion Tiscon Readybuild (Cut & Bend Bars)
(B2B) Resistance Steel) Bar Bending Schedules
Housing & Commercial
(Business 2 Emerging Corporate Account)
Automotive Auto OEMs Hot Rolled, Cold Rolled, Coated Steel Coils &
(B2B) Sheets Product Application Experts & Customer
Service Teams
Shaped Blanks
Value Analysis & Value Engineering Support
Auto Ancillaries Hot Rolled, Cold Rolled, Coated Steel Coils & Certified Service Centres
(B2B, B2ECA) Sheets
Tubes
Spring
Bearings
General Engineering Panel & appliances Steelium Panel Application Specific Products
(B2ECA) Galvano Panel, Restriction of Hazardous Substances (RoHS)
Fabrication & Capital Goods Appliance Compliant Product
(B2ECA)
Furnitures
(B2ECA)
(B2B)
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1. Tata Steel’s Product Strategy
Tata Steel’s products mainly include those products that are manufactured in India and also
involves Thailand and Singapore operations. It also includes the products manufactured by
Corus in the United Kingdom and The Netherlands. All these products form part of the
Product Strategy.
The Products of Tata Steel include finished and semi-finished goods and long products like
wire rods and bars. They specialize in a variety of ores like Chrome, Manganese, and Ferro
Manganese and further branched out into products like Locomotive Parts, Precision tubes,
and bearings. Whereas, Corus i.e an acquisition of Tata Steel deals in coated strip products
in coil and sheet form. This shows the wide variety of products that Tata Steel has to offer.
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2. Tata Steel’s Pricing Strategy
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3. Tata Steel’s Place Strategy
• Tata Steel is a multinational corporation with operations in fifty countries throughout the
world. Its corporate offices are located in Mumbai, Maharashtra, and its marketing
headquarters are located in Kolkata, West Bengal. India, the United Arab Emirates, France,
Malaysia, Vietnam, the United Kingdom, Canada, Thailand, Singapore, the Netherlands,
China, and Australia are among the twenty-six nations where Tata Steel has manufacturing
plants. Jamshedpur, Jharkhand, is the company’s largest production factory, with a few
others in Orissa, Maharashtra, Madhya Pradesh’s Indore and Pithampur, and West Bengal’s
Kharagpur. The company has a New York subsidiary and operates product service centers
in Norway, Finland, and Sweden. Tata Steel has a powerful and wide-ranging distribution
grid that employs around 80,500 people, service centers, sales offices, direct supply
channels, warehouses, consignment companies, and third-party processing agencies.
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4. Tata Steel’s Promotion Strategy
Tata Steel plays a major part in B2B (or also known as Business to Business) transactions. It
has no means of interacting with consumers.
Tata Steel has been branding its products in such a manner that the customers get to know
about them efficiently. It has launched certain advertisements where it plans to appease its
customers. For example, #Apnokeliyeaagobadho targeted the sentiments of its customers and
tried to show their gratitude towards Covid-19 Warriors. Another good example was their
advertisement by using taglines such as “Customer First-Har Haal mein”. The basic tools of
promotion for Tata Steel were Posters and Outdoor Advertising. Messages were conveyed to
satisfied consumers through the means of TV Commercials.
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Channel of distribution
• Tata Steel maintains its distribution in Indian market via: 1. Direct supply chain With
growing use of information technology Tata Steel majorly distributes and sells its products
through Junctions , being the countries largest e-commerce platform for steel. Such online
transaction provides speedy processing and efficiency to the company.
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Human resource
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Welfare measures of Employees in Tata Steel Ltd
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• List of Welfare Measures in Tata Steel
Safety
Housing
Utilities
Health and Medical
Education
Parks and Gardens
Clubs and Associations
Leave and other benefits
Holiday plans
Transfer benefits
Company car scheme
Study leave
Up-gradation of skills/training
Sports and welfare
Adventure foundation
Retirement benefits
• Safety and Ethics are given maximum importance in Tata Steel even if it at the
cost of incurring a financial loss. These two aspects are never compromised and
driven down right from the Board of Director’s Level with the President of the
Company responsible for Safety and Ethics Councilor reporting to the Managing
Director. This enables all its workers and their families to be rest assured for their
physical safety as well as peace of mind (in case of ethical dilemma). The Tata
culture has now transformed from being known for Ethics to now being known for
Ethics and Safety.
• Housing: In places where Tata Steel has its manufacturing and mining facilities
like Jamshedpur, West Bokaro, Tata Steel has developed colonies to provide
housing to their employees. Houses of various types are constructed and
employee depending on their profile and allotted accommodation. The house
allotment process is transparent based on points depending on their level and
years of service. Those not provided with house are given House Rent Allowance.
• Utilities: Power and Water to the colonies are provided by the Company. Earlier,
this was being done by the Company Town Administration. This has later been
made into separate Utilities providing Company called JUSCO (Jamshedpur
Utilities and Services Company) which specializes in township administration.
While in certain locations the employees are charged for theses utilities in other
hardship locations, they are provided at nominal cost to the employees.
• Health and Medical: Apart for the famous, state of art, Tata Medical Hospital, at
Jamshedpur, the company also runs a whole host of hospitals and dispensaries in
all its manufacturing and raw material locations. The employees and their family
are provided these facilities free of cost. In case of requirement for higher
treatment, there is a system of referring the patient to amongst the best hospitals
in the country like Shankar Netralaya, Apollo Hospitals etc. The bills of the same
are met by the Company. Frequent medical checks are also carried out at regular
intervals to ensure good health of the employee at their work place. Places where
such facilities are not available, the employee is reimbursed the cost of the
medical treatment without any limits. 41
• Education: Tata Steel supports Private Educational Institutions by providing them with
land and facilities to set up the schools and colleges. They also run schools and colleges on
their own to ensure good quality education to the wards of their children. The fees in such
Company run schools and colleges are very subsidized. They are also active in providing
Vocational Training to their Employee Wards to make them employable in various fields.
• Parks and Garden: As per the vision of their founder JN Tata, each of the locations where
Tata Steel is operating is categorized by a lot of open spaces, parks, gardens, wide roads,
trees, which is for the benefit of the employees and their families.
• Clubs and Associations: To ensure that the Company Employees are able to spend quality
time and relax/unwind after office hours, the Company runs many Clubs and Associations
within their premises. These are also location for get together for festivals and occasions.
The membership to some of the clubs is only for the employees and the facilities provided
are either free or at nominal cost.
• Leave and Other Benefits: Tata Steel was the pioneer in offering its employees Leave with
pay even before it became a legal compulsion. Apart from leaves like casual leave,
privilege leave, the company also provides its employees Sick Leave. The Company also
provides Maternity Leave of Six months to their female employees and paternity leave of 2
weeks for the male members for their first born. Tata Steel has also introduced the concept
of Work from Home for its officers.
• Holiday plans – guest house/holiday homes are provided or arrangements are made with
top hotels within or outside the country for stay of the employee and their family at
subsidized rates. Each officer/employee would be eligible for a specific number of room
nights per year depending on their level in the organization. Also the company is
maintaining holiday homes in places of tourist interest for example Puri, Darjeeling, Ooty
etc for the benefit of the employee.
• Transfer benefit – for those employee who are transferred from one place to another the
company provides an entire range of transfer benefits to the employee and their family
including travel, accommodations, movement of household goods, help in securing school
admission, settlement allowances etc.
• Company car scheme – for senior management cadre the company provides motor car or
cash equivalent allowance in case the employee opts for company provided car. The car is
bought in the name of the company for use by the officer concerned and also sold back to
the same officer at written down value after a period of five years if he so desires to buy
the same. The officer is eligible for a new car every five years. Company also provides
chauffer and fuel allowance to the officers as well as car maintenance allowance to such
officers.
• Study leave – the company also has a scheme for study leave for its employees wherein an
employee desiring to study further is grated leave for the period of such education and is
taken back in the company post the completion of the course.
• Up-gradation of skills – employee and their children apart from funding local technical
institutes the company also runs their own technical institute under the name Savak
Nanaviti technical institute (SNIT) where training is imparted on a regular basis to upgrade
the skills of their employees. Vocational training is also imparted to the children of the
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employee to make them employable.
• Sports and welfare- the company promotes sports in all discipline in a big manner. State of
art facility is available at Jamshedpur for all sports. Recently the company also formed the
Jamshedpur football club which participated in the Indian soccer league. Many top class
sportspersons are in the employment of the steel company. Miss Deepika Kumari the ace
archer is currently an employee of the company. Cricketers like Saurav Ganguly, Ajit
Agarkar and Ramesh Saxena were employed by Tata steel.
• Adventure foundation – to foster a spirit of adventure and fitness amongst its employees
the company runs the Tata steel adventure foundation which is headed by none other than
Miss Bachendra pal the first Indian women who conquered Mount Everest. This
foundation conducts regular expeditions for its employees in mountaineering and trekking
Retirement benefits – the company provides the retiring employee other than the statutory
provident fund and gratuity a superannuation benefit to all its officers which is totally
contributed by the company further all retired employee are eligible for free treatment in
Tata main hospital at Jamshedpur. For retired employee living outside Jamshedpur the
company provides medical insurance cover to meet any medical exigencies.
• Sports
Jamshedpur has a reputation as the sports capital of Jharkhand with Tata Steel promoting
many sporting activities from private clubs provide opportunities for activities, such as
golf, tennis, squash, billiards, horse riding and water snookering. Jamshedpur FC is an ISL
team owned by Tata Steel and based in Jamshedpur.
• Academies and stadiums include:
JRD Tata Sports Complex has an international standard multi-use stadium and an eight-
lane monosynthetic track. It is primarily used for football and athletics but it has facilities
for various other sports including archery, basketball, field hockey, swimming, table tennis,
tennis, volleyball, skating, yoga as well as a modern gymnasium, are available at the
complex. The stadium hosted the women football competition ; archery event of the 34th
National Games in 2011.
• Keenan Stadium hosted its 1st International One Day Cricket match on 7 December 1983
in which India lost to the touring West Indies Team. Many other International matches
have been played here in which India has won only one match against South Africa in
1999–2000.
• Tata Football Academy was started in 1987 to nurture budding Indian footballers and raise
the standard of Indian football. TFA is a football club in Jamshedpur, sponsored by Tata
Steel. Today, Tata Football Academy is one of the premier football breeding grounds in
India.
• Tata Archery Academy: archery is a sport indigenous to the tribal people of Chota Nagpur
and Santhal Pargana. Tata Steel has pursued and nurtured the local tribal people and
provided them with facilities and training to bring them up to international competition
standards in archery. Its students have attributed a lot of fame to the institute by bringing in
many medals in National and International competitions
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• Sumant Moolgaokar Stadium
Tata Steel Adventure Foundation – Bachendri Pal, the first Indian woman to climb Mount
Everest, is the director of Tata Steel Adventure Foundation. She designs courses using
natural resources as training materials and shares her leadership experience of such
expeditions citing real life examples. She has successfully led many mountaineering and
adventure expedition including an all women expedition to empower women in India and
thereby creating more leaders.
Jamshedpur has two golf courses—the Beldih Golf Course and the Golmuri Golf Course.
Both these courses are at the heart of the city. The biggest is the Beldih Golf Course which
is around 6,000 yards. The Golmuri Golf Course although smaller is also challenging.
They together hold the annual Tata Open Golf Tournament which is an event held under
the support of the Professional Golf Tour of India. The tournament was started in 2002.
Jamshedpur also has the Jamshedpur Gliding Club and the Jamshedpur Co-operative
Flying club.
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People first approach
Jamsetji Tata was a visionary, not just in his pathbreaking business ventures that built
industries and a nation, but also in pioneering worker welfare initiatives before any of these
were ratified by law.
When Jamsetji started the Central India Spinning, Weaving and Manufacturing Company in
Nagpur, it became his laboratory. Here he tried experiments in technology and labour
welfare never before attempted in India.
The excellence of his new plant was matched by his care for the workers. He offered his
people shorter working hours, well-ventilated workplaces, a crèche for young mothers, and
provident fund and gratuity long before they became statutory in the West. He installed the
first humidifiers and fire-sprinklers in India. In 1886, he instituted a Pension Fund, and in
1895, began to pay accident compensation. He was decades ahead of his time and miles
ahead of his competitors. The Empress Mill experiment showed that not only profits but
people mattered to him.
Even as he battled for the survival of his industry, he was not too busy to think of the health
of his workers. As polluted water was a cause of illness, he installed a water filtration plant
and arranged for sanitary hutments. A grain depot was opened, followed by a dispensary,
provident fund and pension schemes. In those early years he also introduced a system of
apprenticeship.
45
• His passion for employee welfare was carried forward by his son Sir Dorabji Tata and
cousin RD Tata. Although Jamsetji passed away before his dream of an iron and steel
company for India was fulfilled, he shared his vision for a township for workers of the
steel plant, in a letter to son Dorab. In 1902, five years before even a site for the enterprise
had been decided, he wrote, "Be sure to lay wide streets planted with shady trees, every
other of a quick-growing variety," the letter stated. "Be sure that there is plenty of space for
lawns and gardens. Reserve large areas for football, hockey and parks. Earmark areas for
Hindu temples, Mohammedan mosques and Christian churches."
• It was only fair that the city born of this sterling vision came to be called Jamshedpur.
• Tata Steel also pioneered several labour welfare benefits. These include an eight-hour
working day, free medical aid, establishment of a welfare department, leave with pay,
workers' provident fund scheme, workmen's accident compensation scheme, maternity
benefits, profit sharing bonus and retiring gratuity. Seen in this context, it is hardly
surprising that the company hasn't seen a single strike since 1929.
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Financial concerns
47
Balance sheet
BALANCE SHEET OF TATA STEEL (IN RS. CR.) MAR 21 MAR 20 MAR 19 MAR 18 MAR 17
SHAREHOLDER'S FUNDS
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NON-CURRENT LIABILITIES
49
CURRENT LIABILITIES
50
ASSETS
NON-CURRENT ASSETS
51
FIXED ASSETS 79,243.59 79,480.43 77,018.31 77,402.35 78,731.11
Long Term Loans And Advances 7,509.33 199.26 231.16 213.50 211.97
52
CURRENT ASSETS
Short Term Loans And Advances 1,555.95 1,607.32 55.92 74.13 27.14
53
OTHER ADDITIONAL INFORMATION
Stores, Spares And Loose Tools 8,902.53 12,381.28 14,519.26 13,355.43 10,298.00
54
EXPENDITURE IN FOREIGN EXCHANGE
55
BONUS DETAILS
NON-CURRENT INVESTMENTS
Non-Current Investments Quoted Market Value 537.8 204.3 448.6 497.2 4,422
5 1 1 1 .17
Non-Current Investments Unquoted Book Value 27,95 20,07 34,04 5,473 535.9
0.42 8.19 2.88 .11 0
CURRENT INVESTMENTS
Current Investments Unquoted Book Value 6,404 3,235 477.4 14,64 5,309
.46 .16 7 0.37 .81
56
Profit and loss account
PROFIT & LOSS ACCOUNT OF TATA STEEL (IN MAR 21 MAR 20 MAR 19 MAR 18 MAR 17
RS. CR.)
INCOME
57
EXPENSES
Changes In Inventories Of FG,WIP And Stock-In Trade 1,464.12 -564.40 -554.33 545.36 -1,329.65
58
PROFIT/LOSS BEFORE EXCEPTIONAL, 15,022.08 8,314.56 16,341.48 10,004.54 6,060.31
EXTRAORDINARY ITEMS AND TAX
PROFIT/LOSS AFTER TAX AND BEFORE 13,606.62 6,743.80 10,533.19 4,169.55 3,444.55
EXTRAORDINARY ITEMS
61
Turn over of tata steel
62
dividend
Dividends Declared
Dividend
Announcement Date Effective Date Dividend Type Remarks
(%)
63
14/05/2014 14/07/2014 Final 100% Rs.10.0000 per share(100%)Dividen
Rs.8.0000 per
23/05/2013 15/07/2013 Final 80%
share(80%)Dividend
64
15/05/2006 26/05/2006 Final 130% AGM
66