History of Tata steel M K Rakesh (Ph.D Scholar) Mahatma Gandhi Kashi Vidya peeth Varanasi-220002 mkrakesh@rediffmail.

com
The Tata Group is almost 150 years old. It currently comprises 96 operating companies, which together employed some357,000 people worldwide and had revenues of US$ 72.5 billion[2](Feb 2009) billion in 2008-09. Tata is active in seven major business lines: information systems and communications, engineering, materials, services, energy, consumer products and chemicals. Its 28 publicly listed companies have a combined market capitalisation of US$47.6 billion that is the second highest among Indian business houses in the private sector, and a shareholder base of over 2 million. The Group has operations in more than 54 countries and its companies export products and services to 120 nations. 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 largest private sector steel company in India in terms of domestic production. Ranked 258th 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 consolidatedrevenues of Rs 1,32,110cr or e and net profit of over Rs12,350 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] 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. 20196.24cr or es. ItsPBT was Rs.621261.65 crores and PAT was Rs.422212.15 crores in the same yar. In the year 2000, the company was recognized as the world's lowest-cost producer of steel.. Tata Steel Limited, incorporated in 1907 by Shri Dorabji Tata, is India's largest private sector steel company belonging to the Tata Group. The company manufactures finished steel, both

9 mtpa (million tonne per annum) plant at Jamshedpur. Tata Tiscon. Gujarat and West Bengal. How it all started? By the end of 19th century. Tata Steel is among the lowest cost producers of steel in the world and one of the few select steel companies in the world that is EVA+ (Economic Value Added). Soon the Jamshedpur plant will expand its capacity from 4. The company markets its products in brands like "Tata Steelium. US steel output exceeded Britain’s and Pittsburgh was the centre of the steel industry. Ferro Alloys and Minerals. etc. a practice that became legally binding upon employers in India only in 1945. Maharashtra.long and flat products like hot and cold rolled coils and sheets. Tata Steel's furnaces have never been disrupted on account of a labour strike and and this is an enviable record. Shared Services constitutes 85% of its business. tubes. manifold through organic growth and investments. South East Asia and the Pacific-rim countries. the company functions through a network consisting of trading arms and operation and projects sites spread across countries in the continents of Asia. construction re-bars. Out of this the steel business comprising of Flat Products. Tubes. The rest comprising of Tubes. which became a law for all employers under theP rovident Fund Act only in 1952. The Company plans to further enhance its capacity. Tata Steel has invested in Corus (UK). Tata Growth Shop. Bearings. Rings and Agrico. With these. Long Products. the company has created a manufacturing and marketing network in Europe. Its main plant is located in Jamshedpur. galvanized sheets. Millennium Steel (renamed Tata Steel Thailand) and NatSteel Asia (Singapore). With the acquisition of Corus. Tata Pipes.9 mtpa to 7 mtpa by 2008. With its head office located in Mumbai. Jamsetji met steel makers in Pittsburgh to get the most advanced technology for his plant. The company is among the lowest cost producers of steel in the world. RM Division. It introduced leave-with-pay in 1920. Tata Steel started a Provident Fund for its employees as early as in 1920. and Wires. In the past few years. Europe and America. Tata steel has become the fifth largest steel maker in the world. Similarly. It operates in more than 20 countries and has a commercial presence in over 50. Tata Steel was established by Indian businessman Jamshedji Nusserwanji Tata in 1907 (he died in 1904. in Jharkhand State. Agrico Products constitutes the rest 15% business. captive iron ore and coal mines are located in the states of Orissa. Its associated / subsidiaries constitutes about 24 mtpa making it’s total capacity about 29mtpa which is the fifth largest in the world. Its captive raw material resources and the state-of-the-art 4. India gives it a competitive edge. having a manufacturing capacity of 5 MTPA (million tonne per annum) while its processing units. rings and bearings. wire rods. before the project was completed). CSI Division. Jharkhand. Apart from Steel there are six Strategic Business Units or divisions for Bearings. Tata Steel introduced an 8-hour work day as early as in 1912 when only a 12-hour work day was the legal requirement in Britain. .

the Bengal-Nagpur Railway in the south. He insisted upon building all the comforts and conveniences a city could provide. coal. ‘Are you Charles Page Perin?’ I said. At the turn of the nineteenth century. The Picture on the right side shows the Kalimati railway station as it was in those days which was later renamed Tatanagar. Guts and determination saw a pioneer build India’s first steel plant in the early part of the 20th Century. ‘Yes. I said. Building a steel plant was a titanic enterprise. limestone and water began in April 1904 in today’s Madhya Pradesh. The task was awesome. The intrepid hunters were C M Weld.. Finally. ‘Yes’. a surveyor of international repute. . the Kharkai river on the west. Dorab Tata and Shapurji Saklatvala. Jamshedpur is bounded by the Subarnrekha river on the north. he said in a deep voice. I want you to take charge as my consulting engineer. Sahlin and Co will build the steel plant wherever you advise and I will foot the bill. Jamshedji Tata went to Pittsburgh and asked geologist Charles Page Perin to help him find the site to build his dream . And smile she did. But Jamshedji’s blueprint was clear. said after his first meeting with Jamsetji: "I was in the office when a stranger in a strange garb entered. It took nearly three years of painstaking prospecting across vast stretches of inhospitable terrain for Dame Fortune to smile. leaned over my desk and looked at me. The hunt was over. Will you come to India with me?’ I was dumbfounded. The credit of what the city is today goes entirely to Tata Steel. It is said that he got the idea of building a steel plant when he heard Thomas Carlyle declaring that "the nation which gains control of iron soon acquires the control of gold" in a lecture in Manchester. Thus the city has a well defined boundary. near a village called Sakchi(now part of Tatanagar).’ And I did".The Road to Sakchi Began in Pittsburgh . People engaged in the gigantic task of building often had to encounter bears and elephants whose legitimate territory they were usurping. It looked beyond a mere row of workers hutments.. And so was the Steel City. He walked in. on the densely forested stretches of the Chhota Nagpur plateau. The search for a site rich in iron. I’ll go. ‘Well’. But you don’t know what character and force radiated from his face and kindliness. But a greater adventure was yet to begin. too. According to one story the same station was the maternity ward for a bear who delivered her cub in the station master's room. Kennedy. "I believe I have found the man I have been looking for. "I am going to build a steel plant in India.India’s first steel plant. This is what Charles Page Perin. Tata Steel treated this well defined area as one unit from Town Planning point of view and developed the city along with the Steel Works. and the Tata Steel Works and other companies on the east." he said.

Tata Tiscon . 1998.Tata Steel's international trading division was awarded the prestigious ISO-9002 certification by the Indian Register Quality Systems (IRQS).Though Jamsetji died before the plant was built. J.com. 1997. the flagship of the Tata group. his sons saw to it that his dream was realised. 7.018. had a spate of offers to join domestic and international e-commerce platforms for the steel industry. 26 Jan 2000-Ratan Tata was conferred Padma Bhusan. managing director.Lurgi Metallurgie and Thyssen.5% non-convertible debentures worth Rs.The year when the dotcom boom was at its peak and e-commerce was the new buzzword doing the rounds was the time when Dr JJ Irani. Tata Iron and Steel Company (Tisco) has entered into technical tie-ups with two German companies . to strengthen customer relationship.Irani was conferred Honarary Knighthood by the Queen of United Kingdom. 2001.2 million tonne cold rolling in Jamshedpur.99. 14 0ct 1997.R. Tata Steel and Arvind Pande. SAIL. Kharkai and 26 Jan1992. 2000. 19 Apr 1993. the collaborative Internet business model. After years of exploration. of Equity shares allotted to Tata Sons Ltd.D. has entered into an understanding with Tata International to export 30 per cent of the production at the steel major's new 1. . The Company has incorporated the first phase of mySAP. Maharashtra. Tata Steel has launched its latest branded steel product -. 1998.J. the Tata team came across a village named Sakchi lying at the meeting point of two rivers. and their associate Companies on exercise of warrants held by them. Tata was conferred Bharat Ratna for his contribution to Aviation and industry as a whole. Tata Steel has tied up with the POSCO-Hyundai steel processing venture located in Chennai for getting its cold rolled coils processed.Tata SSL has become a subsidiary of Tata Iron and Steel Company.Mr.584 ordinary shares of the company have been dematerialised.During the year company privately placed with UTI. 1999.a speciality construction grade steel which will be available in the retail market. Army Group Insurance Fund and GIC and its subsidiaries 17.246 No.J. LIC. 1995.Tata Steel.Mr. chairman. 1992.30. These debentures are redeemable at a premium of 5% at the end of 7 years from the date of allotment of the debentures.D.As of March 31.37. Ratan Tata took over as Chairman fron J.185 crores. 1995-Achieved 3 million tones capacity of steel production.Tata. Tisco is acquiring the cold rolled steel unit of Rs 776 crore Tata SSL Ltd in Tarapur.R.

making Tata Steel the 6th largest Producer globally and the second-most geographically diversified steel producer in the world.Tata Steel signed an MoU for setting up a five million tonne per annum Greenfield integrated steel plant at the Jagdishpur district of Chhattisgarh. 6. Ltd.The Indian Steel Wire Products Company was acquire this year at Jamshedpur. in Jajpur district of Orissa. the second most global steel company and dramatically put India on the corporate world’s takeover map. 27 April 2003.Integration of Tata Steel and Corus was accomplished at US $ 12 Billion. Tata Steel ranked among global companies in the world's most respected companies survey. Tata Steel has signed a memorandum of understanding with Nippon Steel orporation of Japan for its proposed 6 million tonne per annum steel plant in Kalinganagar. Tisco has began distributing power in Jamshedpur. Tata Steel completed 100 years of glorious existence on August 26.the online trading and procurement joint venture of Tata Steel and Steel Authority of India (SAIL). 2006. Tisco establishes processing unit at Noamundi mine. a joint venture between Tata Steel and West Bengal Industrial Development Corporation. 2003 for corporate social responsibility Tata Steel launched "Wiron".following a successful open offer to the shareholders of TSSL.ASPIRE-the quality journey by Tata Steel along with the one million tonne expansion project was launched. has created the world’s fifth largest steelmaker. 2 Jan 2004.Tata Steel’s hard-fought. 4Jun 2005.has roped in UTI Bank to start off own equipment for Tata Steel.2003 -Tata Iron & Steel co. the seven-year-old Anglo-Dutch company formerly known as the mighty British Steel.Tata Iron and Steel Company Ltd signs Joint Venture Agreements with Iranian Mines and Mining Industries Development and Renovation Organization to join them in proposed steelmaking projects and mining operations in Iran.Tata steel sets up Jiggling and hydrocyclone plant. 2002. 2004. 2 April 2007.Metaljunction (MJ). aiming at a sales target of three lakh tonnesTata Steel buys Singapore's NatSteel Tata Steel and Larsen & Toubro (L&T) signs definitive agreement to form a 50:50 joint venture for setting up a port at Dhamra in Orissa on October 29. entered in to a power distribution business. 22 April 2008Centenary Postage Stamp Released to commemorate Tata Steel Centenary year. has been allotted 180 acres of land for its proposed metallurgical coke and power plant project at Haldia. Tata Steel sets up steel retail store Steeljunction. 2007. 2007.2-billion-pound acquisition of Corus. 2004. . 2005. Hoogly Met Coke and Power Co Ltd. a branded galvanised wire.

Tata Steel sets up steel retail store Steeljunction. Tisco establishes processing unit at Noamundi mine. 2007. 22 April 2008. 6. . making Tata Steel the 6th largest Producer globally and the second-most geographically diversified steel producer in the world.Tata Steel’s hard-fought. the seven-year-old Anglo-Dutch company formerly known as the mighty British Steel. has created the world’s fifth largest steelmaker. the second most global steel company and dramatically put India on the corporate world’s takeover map.Centenary Postage Stamp Released to commemorate Tata Steel Centenary year. 2 April 2007.Tata steel sets up Jiggling and hydro-cyclone plant. Tata Steel completed 100 years of glorious existence on August 26. 2006.Hoogly Met Coke and Power Co Ltd. 2007. has been allotted 180 acres of land for its proposed metallurgical coke and power plant project at Haldia.Integration of Tata Steel and Corus was accomplished at US $ 12 Billion.2-billion-pound acquisition of Corus. a joint venture between Tata Steel and West Bengal Industrial Development Corporation.

Sign up to vote on this title
UsefulNot useful