Tata Steel facts for kids

Quick facts for kids
Tata Steel Limited

Formerly	Tata Iron and Steel Company Limited (TISCo)
Type	Private
Traded as	BSE: 500470 NSE: TATASTEEL BSE SENSEX Constituent NSE NIFTY 50 Constituent
ISIN	ISIN: [https://isin.toolforge.org/?language=en&isin=INE081A01020 INE081A01020]
Industry	Steel Iron
Founded	26 August 1907; 117 years ago (1907-08-26) at Jamshedpur, Jharkhand, India
Founder	Jamsetji Tata Dorabji Tata
Headquarters	Mumbai, Maharashtra, India
Area served	Worldwide
Key people	Natarajan Chandrasekaran (Chairperson) Noel Tata (Vice Chairman) T. V. Narendran (CEO & Managing Director, Tata Steel Ltd.)
Products	Steel Long steel products Structural steel Wire products Steel casing pipes Household goods
Revenue	₹244,390.17 crore (US$42 billion) (2023)
Operating income	₹18,121.86 crore (US$3.1 billion) (2023)
Net income	₹8,760.40 crore (US$1.5 billion) (2023)
Total assets	₹288,021.75 crore (US$49 billion) (2023)
Total equity	₹105,175.21 crore (US$18 billion) (2023)
Number of employees	~77,000+(2023)
Parent	Tata Group
Subsidiaries	Tata Steel BSL Tata Steel UK Tata Steel Netherlands Tata Steel Thailand Tata Steel Long Products Tata Tinplate Tayo Rolls Jamshedpur FC

Tata Steel Limited is a huge Indian company that makes steel. It is based in Jamshedpur, Jharkhand, and its main office is in Mumbai, Maharashtra. This company is a big part of the Tata Group.

Tata Steel used to be called Tata Iron and Steel Company Limited (TISCO). It is one of the biggest steel-making companies in the world. It can make 35 million tonnes of raw steel every year. This company works in many different countries around the globe. In the financial year ending March 2023, the company made about US$31 billion.

It is the largest steel company in India based on how much steel it makes. It has a yearly capacity of 21.6 million tonnes. Tata Steel, along with SAIL and Jindal Steel and Power, are the only Indian steel companies that own their own iron-ore mines. This helps them save money on materials.

Tata Steel has offices and factories in 26 countries. Its main operations are in India, the Netherlands, and the United Kingdom. Around 80,500 people work for the company. Its biggest factory is in Jamshedpur, Jharkhand, and can make 10 million tonnes of steel each year. In 2007, Tata Steel bought a UK-based steel company called Corus. In 2022, Tata Steel was named one of India's Best Workplaces in Manufacturing for the fifth time.

A Look Back: Tata Steel's History

Tata Steel's Jamshedpur plant at night, where a lot of steel is made.

The Tata Iron and Steel Company (TISCO) was started by Jamsetji Nusserwanji Tata and set up by Sir Dorabji Tata on August 26, 1907. TISCO began making pig iron in 1911 and started producing steel in 1912. The first piece of steel was made on February 16, 1912. The company grew very quickly during the First World War (1914–1918).

In 1920, Tata Iron & Steel Company also partnered with Burmah Shell to create The Tinplate Company of India Ltd (TCIL). This company makes tinplate, which is used for cans. Today, Tata Tinplate makes 70% of all tinplate in India.

By 1939, Tata Steel had the largest steel plant in the British Empire. The company started a big plan to update and expand its factories in 1951. By 1970, about 40,000 people worked at the Jamshedpur plant, and another 20,000 worked in nearby coal mines.

In July 2019, Tata Steel's factory in Kalinganagar was recognized by the World Economic Forum as a leading factory in the world.

Government Attempts to Take Over

There were two times when the Indian government tried to take over Tata Steel. These attempts happened in 1971 and 1979, but both failed. In 1971, Prime Minister Indira Gandhi tried to nationalize the company. In 1979, Prime Minister Morarji Desai also wanted the government to own TISCO. However, workers' protests stopped these plans.

In 1990, the company grew and opened a branch in New York. In 2005, the company changed its name from TISCO to Tata Steel Ltd.

How Tata Steel Cares for its Workers

Tata Steel was one of the first companies in India to offer many good things for its workers. These benefits included:

• Working only eight hours a day since 1912.
• Free medical care since 1915.
• Schools for employees' children since 1917.
• Paid time off since 1920.
• A special fund for retirement and help for accidents since 1920.
• Job training since 1921.
• Time off for new parents since 1928.
• Sharing company profits with workers since 1934.
• Money given to workers when they retire since 1937.

Growing Bigger: Tata Steel's Expansions

Tata Steel has grown a lot by buying other companies and starting new partnerships.

Buying Other Companies

• NatSteel (2004): Tata Steel bought NatSteel, a steel company from Singapore, for about $486.4 million. This helped Tata Steel make about 2 million more tonnes of steel each year.
• Millennium Steel (2005): Tata Steel bought most of Millennium Steel, a company in Thailand, for $130 million. This company is now called Tata Steel Thailand.
• Corus (2006): This was a very big deal! Tata Steel bought Corus, a large Anglo-Dutch steel company. It cost about £6.7 billion ($12 billion). At the time, Corus was four times bigger than Tata Steel. This purchase made Tata Steel the 5th largest steel producer in the world.
• Tayo Rolls (2008): Tata Steel became the main owner of Tayo Rolls, a metal company in Jamshedpur, India.
• Steel Engineering and Vinausteel (2007): Tata Steel bought these two rolling mill companies in Vietnam. This added more steel-making capacity.
• Bhushan Steel (2018): Tata Steel bought Bhushan Steel, which was facing financial problems. It was renamed Tata Steel BSL.
• Usha Martin (Steel division) (2019): Tata Steel bought the steel part of Usha Martin, which included a special steel plant in Jamshedpur.
• Nilachala Ispat Nigam Ltd (2022): Tata Steel bought most of NINL, a steel company in Odisha, India.

Working Together: Joint Ventures

• In 2006, Tata Steel and BlueScope Steel started a company called Tata BlueScope Steel Ltd. They work together to make special steel products.
• In 2014, Tata Steel and Nippon Steel started Jamshedpur Continuous Annealing and Processing Company Pvt Ltd (JCAPCPL). This company makes steel products for cars.

Bringing Companies Together

In 2022, the Tata Group decided to combine seven of its metal companies into Tata Steel. This means companies like Tata Steel Long Products, The Tinplate Company of India, and others will become part of Tata Steel.

Sports and Community Support

Tata Steel has always helped develop sports in India. They have started many sports academies, like the Tata Football Academy and the Naval Tata Hockey Academy.

Where Tata Steel Works

Tata Steel's main office is in Mumbai, India. It also has a marketing office in Kolkata. The company works in about 50 countries and has factories in 26 countries. These include India, the United Kingdom, the Netherlands, and many others.

Tata Steel makes products for many different customers. These include companies that make cars, build houses, create household goods, and work in energy, aerospace, and defense.

Future Plans for Growth

Tata Steel wants to make 100 million tons of steel each year by 2015. They plan to do this by building new factories and buying more companies. They want to add 29 million tonnes of capacity by buying other companies.

Some of their big plans for new steel plants include:

• A plant in Kalinganagar, Odisha, India.
• Making their plant in Jharkhand, India, bigger.
• New plants in Chhattisgarh, India, and Iran.
• Plants in Bangladesh and Vietnam.
• A plant in Haveri, Karnataka.

Challenges in Europe

Since Tata Steel bought Corus in 2007, its businesses in Europe have faced some problems. There was too much steel being made, and cheap steel was coming from China. Also, rules about reducing pollution (green taxes) made things harder. This led Tata Steel to reorganize its businesses in Europe.

In 2016, Tata Steel sold its Long Products Europe Division in England. That part of the company was renamed British Steel Limited. In 2017, they sold another special division.

In 2017, Tata Steel and ThyssenKrupp from Germany planned to combine their European steel businesses. They wanted to create a joint company called Thyssenkrupp Tata Steel. However, in 2019, European regulators did not allow the deal. They said it would reduce competition in the market.

In 2021, Tata Steel Europe officially split its businesses into two separate companies: Tata Steel Netherlands and Tata Steel UK. In 2022, Tata Steel had to find new sources of coal for its plants in the UK and Netherlands. This was because European countries stopped trading with Russia.

Challenges in Southeast Asia

In 2019, Tata Steel planned to sell a big part of its businesses in Southeast Asia (NatSteel and Tata Steel Thailand) to a Chinese company. This was because of debt and losses. However, the deal did not happen due to regulatory issues.

Later, Tata Steel decided not to sell these businesses. This was because their finances improved, and they had less debt. In October 2021, Tata Steel sold its company Natsteel Holdings Pte. Ltd to a company from Singapore.

Who Owns Tata Steel?

As of September 29, 2023, the Tata Group owns 33.90% of Tata Steel shares. Over a million individual people also own about 10% of its shares. The Life Insurance Corporation of India is the largest shareholder that is not part of the Tata Group, owning 10.89% of the shares.

Tata Steel's shares are traded on the Bombay Stock Exchange and the National Stock Exchange of India. You can also find its shares listed on the London Stock Exchange and the Luxembourg Stock Exchange.

Important Parts of Tata Steel

Tata Steel Thailand

Tata Steel (Thailand) Public Company Limited is a company listed on the Stock Exchange of Thailand. Tata Steel Limited owns 67.90% of this company.

Tata Tinplate

The Tinplate Company of India Limited (TCIL) is a part of Tata Steel. It was started in 1920 and is India's oldest and largest company that makes tinplate. TCIL makes 70% of the tinplate used in India and sends a quarter of its products to other countries.

In January 1920, Burmah Oil and The Tata Iron & Steel Company (TISCO) together started TCIL. They wanted to meet the demand for tinplate after World War I. Burmah Oil needed tinplate for the cans that held its kerosene.

By 1922, the first factory for making tinplate was set up in Jamshedpur, near the Tata Steelworks. By 1924, the company was making almost 40% of India's tinplate needs. In 1926, it made more tinplate than India imported for the first time.

During World War II, TCIL started making other products, like un-tinned black plates for the Royal Air Force. Over the years, TCIL updated its technology. In 1973, they started using a new process to make tinplate. In 1996, they added a Cold Rolling Mill to make their own steel coils.

In 2005, they added a line for printing and lacquering. In 2007, they doubled their tinning capacity. By 2018–19, they were producing and selling 360,000 tons.

In 2012, Tata Steel increased its ownership in TCIL to 73.44%, and it is now 74.96%. In August 2021, TCIL announced plans to make even more tinplate. In September 2022, it was announced that TCIL would become fully merged into Tata Steel.

Carbon Footprint

Tata Steel Group measures its total carbon dioxide emissions. In March 2021, their emissions were 25,790 kilotons. The company is working to reduce these emissions.

More to Explore

• List of steel producers
• List of companies of India
• Tata Group