Sir Dorabji Tata, and his cousin RD Tata, took Jamsetji Tata's dream of a fully Indian steel company to fruition. Tata Steel came into being in 1907 and holds the distinction of being Asia’s first integrated steel company.
Tata Steel group is among the top global steel companies with an annual crude steel capacity of 34 million tonnes per annum (MnTPA). It is one of the world's most geographically-diversified steel producers, with operations and commercial presence across the world. A Great Place to Work-Certified™ organisation, Tata Steel, together with its subsidiaries, associates and joint ventures, is spread across five continents with an employee base of over 65,000.
Among other accomplishments, Tata Steel bagged the Deming Application Prize and Deming Grand Prize for continuous improvement in 2008 and 2012 respectively, and has been recognised as the ‘Global Steel Industry Leader’ in ‘Steel category’ by Dow Jones Sustainability Index (DJSI) in 2018. The Company’s Jamshedpur Plant won the Prime Minister’s Trophy for the best performing integrated steel plant for 2016-17
Business Highlights
- Tata Steel successfully completed the acquisition of Bhushan Steel Limited (now renamed as Tata Steel BSL), the first to acquire a major stressed asset under the Insolvency and Bankruptcy Code process. The acquisition (with capacity - 5.6 MnTPA) has significantly expanded Tata Steel footprint in India and will be value-accretive going forward
- Tata Steel commenced its Tata Steel Kalinganagar Phase II expansion project to augment the cumulative capacity to 8 MnTPA from 3 MnTPA
- Tata Steel group acquired the steel business of Usha Martin Limited through one of its subsidiaries. This move helps the Company to create a globally competitive long products business focussed on value-added and differentiated products while achieving cost competitiveness.
