Tata Steel is one of India’s leading steel manufacturing companies. The company is primarily known for supplying and producing steel products. Tata Steel is a subsidiary of the Indian multinational conglomerate Tata Group. The company has its head office in Mumbai, Maharashtra. The company is over a century old and thus has a rich history. Prominent Indian industrialist Jamsetji Nusserwanji Tata founded Tata Iron and Steel Company (TISCO) in 1907 to produce pig iron. The company’s first plant of the company was set up in Jamshedpur, Jharkhand. In 1911, Tata Steel started producing pig iron and in the following year it started steel production. The company grew exponentially during World War 1 (1914-18) as there was a big demand for steel and iron worldwide. 1920 was the year Tata Steel formed a joint venture - The Tinplate Company of India Ltd (TCIL) - with Burmah Shell to manufacture tinplate. Tata Steel established an R&D, Scientific Services and Refractory Technology Group (RDSS Division) in 1937 to expand its capabilities. During World War 2 (1939-45) Tata Steel was crucial in meeting India’s demand for steel. 1955 was the year in which Tata Steel signed an important agreement with Kaiser Engineers for a 2 million tonne expansion programme. In 2004, the company acquired NatSteel, a leading steel company based out of Singapore. In 2004, Tata Iron and Steel Company (TISCO) rebranded and changed its name to Tata Steel. Tata Steel acquired UK-based steel producer Corus Group on April 2, 2007 and thus Tata Steel Europe was established. This acquisition was significant as it made one of the largest steel producers in Europe. Tata Steel acquired Bhushan Steel in 2018 via its subsidiary Bamnipal Steel Ltd. In 2021, Tata Steel divested its entire stake in NatSteel Holdings Pte. Ltd., Singapore. In 2022, Tata Steel through its wholly-owned subsidiary, Tata Steel Long Products (TSLP), acquired Odisha-based Neelachal Ispat Nigam Ltd (NINL). Tata Steel had an annual crude steel capacity of 34 million tonnes per annum (MnTPA) as of March 2021. Tata Steel is among the world’s most geographically diversified steel producers. Apart from India, Tata Steel has a strong presence in Europe and Southeast Asia.
Products and services
Tata Steel, as a prominent steel maker, manufactures several steel products for business across sectors. Construction, automotive, aerospace, engineering, energy and packaging are some of the industries where Tata Steel products are prominently used. Tata Steel produces hot-rolled and cold-rolled flat products, including coils, sheets, and plates. These products are used in various industries, such as construction, automotive, and packaging. Tata Steel produces long products, including bars, rods, wires and rebars. These products are mainly used in the construction industry. Tata Steel produces tubes for various applications, such as oil and gas, water and structural applications. Apart from this, Tata Steel is also in the business of producing automotive steel products. Some of these products are high-strength low-alloy (HSLA) steels, advanced high-strength steels (AHSS) and dual-phase steels. Tata Steel also provides various non-production-related services to its customers. These include research and development, technical support and supply chain management.
Shares of Tata Steel are listed on a number of Indian stock exchanges such as BSE, NSE, Madras Stock Exchange, Calcutta Stock Exchange, etc. The company is a part of multiple indices like Nifty 50, Nifty 500, S&P BSE Sensex 50 etc.
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