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Tata Iron and Steel Company (TISCO) was founded in 1907 and began steel production in 1912, contributing to the First World War by supplying steel. The company underwent significant expansion and modernization, becoming the largest steel plant in the British Empire by 1939 and later changing its name to Tata Steel Ltd. in 2005; it was recognized as the most profitable company in the Tata Group by November 2021.

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33 views2 pages

Untitled Document

Tata Iron and Steel Company (TISCO) was founded in 1907 and began steel production in 1912, contributing to the First World War by supplying steel. The company underwent significant expansion and modernization, becoming the largest steel plant in the British Empire by 1939 and later changing its name to Tata Steel Ltd. in 2005; it was recognized as the most profitable company in the Tata Group by November 2021.

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vansharma21111
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HISTORY OF TATA STEEL COMPANY

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
[15][16][17]
Group. During the First World War (1914–1918), the
company weathered by supplying its steel to the war effort in
[18]
India.

In 1920, TISCO incorporated The Tinplate Company of India Ltd


(TCIL), as a joint venture with then Burmah Shell to
manufacture tinplate. TCIL was renamed Tata Tinplate and
[citation needed]
holds 70% market share in India.

By 1939, it operated the largest steel plant in the British


[19]
Empire. The company launched a major modernization and
expansion program in 1951. Later, in 1958, the program was
[15]
upgraded to 2 million metric tons per annum (MTPA) project.
By 1970, the company had around 40,000 employees at
Jamshedpur, and a further 20,000 in the neighboring coal
[16]
mines.

In 1990, the company expanded and established a subsidiary,


Tata Inc., in New York. The company changed its name from
[20]
TISCO to Tata Steel Ltd. in 2005.
In November 2021, Tata Steel was the most profitable company
[21]
in the Tata Group. In July 2019, the Tata Steel Kalinganagar
(TSK) plant was recognized by the World Economic Forum
(WEF) and added to the WEF's Global Lighthouse Network, a list
[22]
of innovative corporations.

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