With its headquarters located in Mumbai, Maharashtra, and its base in Jamshedpur, Jharkhand, Tata Steel Limited is an international steel manufacturer. It’s included in the Tata Group. With a yearly capacity of 35 million tonnes for crude steel, Tata Steel, earlier known as Tata Iron and Steel Company Limited (TISCO), is one of the largest steel production businesses in the world. With activities and a global commercial presence, it is among the world’s steel producers with the greatest geographic diversity.
Tata Steel Company Details
| Company Name | Tata Steel Limited |
| Origin Country | India |
| Established Year | 1907 |
| Chairman | Natarajan Chandrasekaran |
| Managing Director | T. V. Narendran |
| Headquarters | Mumbai, Maharashtra, India |
| Products | Steel, Steel Products |
| Number of Employees | Around 65,000 (as of 2022) |
| Official Website | www.tatasteel.com |
History
Jamsetji Nusserwanji Tata formed the Tata Iron and Steel Company (TISCO), which Sir Dorabji Tata officially established on August 26, 1907. As a division of Jamsetji’s Tata Group, TISCO started producing steel in 1912 and pig iron in 1911. Manufacturing of the first steel ingot began on February 16, 1912. The business advanced quickly between 1914 and 1918 when the First World War broke out. Tata Steel was the most profitable business in the Tata Group as of November 2021.
The group’s consolidated turnover for the fiscal year that ended on March 31, 2023, was US$31 billion (excluding SEA activities). With an annual capacity of 21.6 million tonnes, it is the largest steel firm in India (measured by domestic production), after Steel Authority of India Ltd. (SAIL) as the only three Indian steel companies with their iron ore mines, Tata Steel, SAIL, and Jindal Steel and Power enjoy a price advantage.
Operations
With major operations in India, the Netherlands, and the United Kingdom, Tata Steel employs about 80,500 people and has activities in 26 countries. Its largest factory, with a 10 MTPA capacity, is situated in Jharkhand’s Jamshedpur. The UK-based steel manufacturer Corus was purchased by Tata Steel in 2007. The 2014 Fortune Global 500 list of the largest companies worldwide came in at position 486. As reported by Brand Finance, it was the eighth most valuable Indian brand in 2013.
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