Tata Steel
 |
|
| Type | Public |
|---|---|
| Traded as | NSE: TATASTEEL, BSE: 500470 (BSE SENSEX Constituent) |
| Industry | Steel |
| Founded | 1907 |
| Founder(s) | Dorabji Tata |
| Headquarters | Mumbai, Maharashtra, India[1] |
| Area served | Worldwide |
| Key people | Cyrus Pallonji Mistry (Chairman) Hemant M. Nerurkar (Managing Director) |
| Products | Steel, flat steel products, long steel products, wire products, plates |
| Revenue |  US$ 24.67 billion (2012)[2] |
| Operating income |  US$ 1.48 billion (2012)[2] |
| Profit | US$ 1.00 billion (2012)[2] |
| Total assets | US$ 27.34 billion (2012)[2] |
| Total equity | US$ 8.19 billion (2012)[2] |
| Employees | 81,622 (2012)[2] |
| Parent | Tata Group |
| Subsidiaries | Tata Steel Europe |
| Website | www.tatasteel.com |
Tata Steel Limited (NSE: TATASTEEL, BSE: 500470) (formerly Tata Iron and Steel Company Limited (TISCO)) is an Indian multinational steel-making company headquartered in Mumbai, Maharashtra, India, and a subsidiary of the Tata Group. It is the 12th-largest steel producing company in the world, with an annual crude steel capacity of 23.8 million tonnes, and the largest private-sector steel company in India measured by domestic production.[3][4]
Tata Steel has manufacturing operations in 26 countries, including Australia, China, India, the Netherlands, Singapore, Thailand and the United Kingdom, and employs around 81,600 people.[5] Its largest plant is located in Jamshedpur, Jharkhand. In 2007 Tata Steel acquired the UK-based steel maker Corus in what was the largest international acquisition by an Indian company to date.[6]
Tata Steel is listed on the Bombay Stock Exchange, where it is a constituent of the BSE SENSEX index, and the National Stock Exchange of India.[7] It is ranked 401st in the 2012 Fortune Global 500 ranking of the world's biggest corporations.[8] It is the eighth most-valuable Indian brand according to an annual survey conducted by Brand Finance and The Economic Times in 2010.[9][10]
Contents |
History [edit]
Tata Iron and Steel Company was established by Dorabji Tata on August 26, 1907, as part of his father Jamsetji's Tata Group.[11][12][13] By 1939 it operated the largest steel plant in the British Empire. The company launched a major modernization and expansion program in 1951. Later, the program was upgraded to 2 MTPA project. In 1990, it started expansion plan and established its subsidiary Tata Inc. in New York. The company changed its name from TISCO to Tata Steel in 2005.[14]
In August 2004, Tata Steel agreed to acquire the steelmaking operations of the Singapore-based NatSteel for S$486.4 million in cash.[15] The acquisition was completed in February 2005.[16]
In 2005, Tata Steel acquired a 40% stake in the Thailand-based steelmaker Millennium Steel for $130 million from Siam Cement.[17][18]
On 20 October 2006, Tata Steel 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 £4.5 billion. On 11 December 2006, Tata preemptively 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.
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.
Operations [edit]
.jpg)
Tata Steel is headquartered in Mumbai, Maharashtra, India and has its marketing headquarters at the Tata Centre in Kolkata, West Bengal. It has a presence in around 50 countries with manufacturing operations in 26 countries including: India, Malaysia, Vietnam, Thailand, Dubai, Daggaron, Ivory Coast, Mozambique, South Africa, Australia, United Kingdom, The Netherlands, France and Canada.[19]
Tata Steel primarily serves customers in the automotive, construction, consumer goods, engineering, packaging, lifting and excavating, energy and power, aerospace, shipbuilding, rail and defence and security sectors.[20]
Tata Steel has set a target of achieving an annual production capacity of 100 million tons by 2015; it is planning for capacity expansion to be balanced roughly 50:50 between greenfield developments and acquisitions.[21][22] Overseas acquisitions have already added an additional 21.4 million tonnes of capacity, including Corus (18.2 million tonnes), NatSteel (2 million tonnes) and Millennium Steel (1.2 million tonnes). Tata plans to add another 29 million tonnes of capacity through acquisitions.[21][22] Major greenfield steel plant expansion projects planned by Tata Steel include:[21]
- a 6 million tonne per annum capacity plant in Kalinganagar, Odisha, India;[23]
- an expansion of the capacity of its plant in Jharkhand, India from 6.8 to 10 million tonnes per annum;[23]
- a 5 million tonne per annum capacity plant in Chhattisgarh, India (Tata Steel signed a memorandum of understanding with the Chhattisgarh government in 2005; the plant is facing strong protest from tribal people);[24]
- a 3 million tonne per annum capacity plant in Iran;
- a 2.4 million tonne per annum capacity plant in Bangladesh;
- a 10.5 million tonne per annum capacity plant in Vietnam (feasibility studies are underway); and[25]
- a 6 million tonne per annum capacity plant in Haveri, Karnataka.[26]
Major competitors [edit]
Tata Steel's major competitors include ArcelorMittal, Essar Steel, JSW Steel, SAIL and VISA Steel.[27]
Controversies [edit]
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.[28] 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 
4 billion in 2003-04."[29]
Dhamra Port [edit]
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 Park2454321, 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. [30][31]
References [edit]
- ^ "Contact Information of Tata Steel: the Leading Steel Manufacturer India". Tatasteel.com. Retrieved 2010-09-28.
- ^ a b c d e f "Tata Steel Limited Financial Statements". Tata Steel Limited. Retrieved July 19, 2012.
- ^ "Top steel-producing companies 2011". World Steel Association. Retrieved 2011-09-28.
- ^ "Financial Results for the Year ended on 31st March, 2011". Tatasteel.com. Retrieved 2010-10-26.
- ^ http://www.tatasteel.com/about-us/company-profile.asp
- ^ Vaswani, Karishma (2007-08-16). "Indian firms move to world stage". BBC News.
- ^ "Tata Steel Annual Report 2008-09". Tatasteel.com. Retrieved 2010-10-26.
- ^ "2010 Tata Steel Form 10-K". CNN. Retrieved October 7, 2011.
- ^ "India's top 10 brands". business.rediff.com. Retrieved 26 October 2010.
- ^ 27 Jun, 2008, 01.17AM IST,ET Bureau (2008-06-27). "Tata Steel plans pooling of raw materials- Steel-Ind'l Goods / Svs-News By Industry-News-The Economic Times". Economictimes.indiatimes.com. Retrieved 2010-10-26.
- ^ http://www.tatasteel100.com/story-of-steel/index.asp
- ^ http://www.fundinguniverse.com/company-histories/Tata-Iron-amp;-Steel-Co-Ltd-company-History.html
- ^ History of Tata Steel
- ^ http://www.financialexpress.com/old/latest_full_story.php?content_id=91360
- ^ "Tatas make Rs 1,313-cr bid for Singapore's NatSteel". The Hindu. 17 August 2004. Retrieved 22 December 2012.
- ^ "Tata Steel completes NatSteel acquisition". The Hindu. 16 February 2005. Retrieved 22 December 2012.
- ^ "Tata to Buy Thailand's Millennium Steel for $175 Mln". Bloomberg. 15 December 2012. Retrieved 22 December 2012.
- ^ "Tata Steel to buy Thai co for $130 m". The Hindu. 15 December 2012. Retrieved 22 December 2012.
- ^ http://www.tatasteel.com/global-network/international-operations.asp?Continent=Australia&ContId=cont1#australia
- ^ http://www.tatasteel.com/key-market-sectors/index.asp
- ^ a b c Tatas hungry for more[dead link]
- ^ a b http://www.financialexpress.com/old/fe_full_story.php?content_id=162675 Unabated appetite for global growth
- ^ a b "Tata Steel's Jamshedpur expansion on course: Tata". The Times Of India. 2011-08-03.
- ^ "Tata Steel has not dropped Chhattisgarh project". The Hindu (Chennai, India). 2010-04-13.
- ^ "Tata Group to set up $5 billion steel factory in Vietnam". The Times Of India. Retrieved 2012-07-20.
- ^ "Tata signs EoI to set up plant in Haveri district". 8 June 2012.
- ^ http://www.moneycontrol.com/competition/tatasteel/comparison/TIS
- ^ "Tata's Environmental Record", International Campaign for Justice in Bhopal (February 09, 2007)[dead link]
- ^ Saloni Meghani, "A tale of two ideas", Tata Steel website[dead link]
- ^ Publication - June 8, 2007 (2007-06-08). "Biodiversity assessment of Dhamra Port". Greenpeace. Retrieved 2010-10-26.
- ^ "The Dhamra Port website". Dhamraport.com. Retrieved 2010-10-26.
External links [edit]
|
|||||||||||||||||||||||
|
|||||||||||||||||||||||||||
|
||||||||||||||||||||||||||||||||||||||||||||
|
|||||
