Tata Steel

This article is about the company. For the chess tournament sponsored by their Netherlands branch, see Tata Steel Chess Tournament.

Tata Steel Limited
FormerlyTata Iron and Steel Company Limited (TISCo)
Company typePublic
ISININE081A01020
IndustrySteel
Iron
Founded26 August 1907; 117 years ago (1907-08-26) at Jamshedpur, Bihar (now Jharkhand), India
FoundersJamsetji Tata
Dorabji Tata
HeadquartersMumbai, Maharashtra, India[1]
18°55′54″N 72°49′58″E / 18.9316°N 72.8327°E / 18.9316; 72.8327
Area served
Worldwide
Key people
ProductsSteel
Long steel products
Structural steel
Wire products
Steel casing pipes
Household goods
RevenueDecrease ₹230,980 crore (US$28 billion) (2024)[3]
Decrease ₹6,667 crore (US$800 million) (2024)[3]
Decrease ₹−4,910 crore (US$−590 million) (2024)[3]
Total assetsDecrease ₹273,424 crore (US$33 billion) (2024)[3]
Total equityDecrease ₹92,433 crore (US$11 billion) (2024)[3]
Number of employees
Increase 78,321 (2024)[3]
ParentTata Group
SubsidiariesTata Steel UK
Tata Steel Netherlands
Tata Steel Thailand
Jamshedpur FC
Tata Robins Fraser Ltd.
Mjunction
Websitewww.tatasteel.com

Tata Steel Limited is an Indian multinational steel-making company, based in Jamshedpur, Jharkhand and headquartered in Mumbai, Maharashtra. It is a part of the Tata Group.

Formerly known as Tata Iron and Steel Company Limited (TISCO), Tata Steel is among the largest steel-producing companies in the world, with an annual crude steel capacity of 35 million tonnes. It is one of the world's most geographically diversified steel producers, with operations and a commercial presence across the world. The group (excluding SEA operations) recorded a consolidated turnover of US$31 billion in the financial year ending 31 March 2023.[citation needed]It is the largest steel company in India (measured by domestic production), with an annual capacity of 21.6 million tonnes after Steel Authority of India Ltd. (SAIL).[4][5] Tata Steel, SAIL, and Jindal Steel and Power are the only three Indian steel companies that have captive iron-ore mines, which gives the three companies price advantages.[6]

Tata Steel operates in 26 countries, with key operations in India, the Netherlands, and the United Kingdom, and employs around 80,500 people.[7] Its largest plant (10 MTPA capacity) is located in Jamshedpur, Jharkhand. In 2007, Tata Steel acquired the UK-based steelmaker Corus.[8][7] It was ranked 486th in the 2014 Fortune Global 500 ranking of the world's biggest corporations.[9] It was the seventh most valuable Indian brand of 2013, according to Brand Finance.[10][11][12]

Tata Steel was listed amongst India's Best Workplaces in Manufacturing by Great Place to Work for the fifth time in 2022.[13]

  1. ^ "Contact Information". TataSteel.com. Archived from the original on 21 September 2013. Retrieved 31 August 2013.
  2. ^ "Tata Steel Ltd". Reuters. Retrieved 19 May 2024.
  3. ^ a b c d e f "Tata Steel Ltd. Financial Statements" (PDF). bseindia.com. Retrieved 29 May 2024.
  4. ^ "JF Engineering Products LLP has become the Leading steel producer in the country". JF Engineering Products LLP. Retrieved 3 June 2013.
  5. ^ "Tata Steel To expand domestic production to 40MT by 2030". The Times of India. 28 August 2022. Retrieved 11 June 2023.
  6. ^ Handique, Maitreyee (18 April 2007). "'No company will plan steel plant without the security of iron ore'". mint. Retrieved 4 May 2022.
  7. ^ a b "Statement of profit and loss". Tata Steel. Archived from the original on 3 January 2019. Retrieved 16 May 2018.
  8. ^ Vaswani, Karishma (16 August 2007). "Indian firms move to world stage". BBC News. Archived from the original on 26 July 2013. Retrieved 31 August 2013.
  9. ^ "Global 500: 486 Tata Steel". Fortune. 22 July 2014. Archived from the original on 28 April 2015. Retrieved 31 August 2014.
  10. ^ "India's top 50 brands". brandirectory.com. Archived from the original on 23 August 2013. Retrieved 19 August 2013.
  11. ^ "Tata Steel Jamshedpur blast furnace completes 100 years". The Hindu. 2 December 2011. Retrieved 31 August 2013.
  12. ^ "Sustainability Report 2012". Tata Steel India. Archived from the original on 14 September 2013. Retrieved 31 August 2013.
  13. ^ "Tata Steel Jamshedpur adjudged 'Great Place to Work' for the fifth time". The Avenue Mail. 16 February 2022. Retrieved 18 February 2022.