| Type | Public (BSE: 500470) |
|---|---|
| Industry | Steel |
| Founded | 1907 |
| Founder(s) | Dorabji Tata |
| Headquarters | Mumbai, Maharashtra, India[1] |
| Area served | Worldwide |
| Key people | B Muthuraman (Vice Chairman) HM Nerurkar (MD) |
| Products | Steel, flat steel products, long steel products, wire products, plates |
| Revenue | 118,753 crore (US$22.56 billion) (2011)[2] |
| Profit | 8,983 crore (US$1.71 billion) (2011)[2] |
| Total assets | US$ 24.446 billion (2010)[2] |
| Employees | 81,269 (2011)[3] |
| Parent | Tata Group |
| Subsidiaries | Tata Steel Europe |
| Website | www.tatasteel.com |
Tata Steel (BSE: 500470) (formerly TISCO and Tata Iron and Steel Company Limited) is a multinational steel company headquartered in Jamshedpur, India and part of Tata Group. It is the world's seventh-largest steel company, with an annual crude steel capacity of 31 million tonnes, and the largest private-sector steel company in India measured by domestic production.[4] Tata Steel is also India's second largest and second-most profitable private-sector company, with consolidated revenues of 118,753 crore (US$22.56 billion) and net profit of over 8,983 crore (US$1.71 billion) in the year ended March 31, 2011.[5][6] Tata Steel is the eighth most-valuable Indian brand according to an annual survey conducted by Brand Finance and The Economic Times in 2010. [7] It is currently ranked 410th in the Fortune Global 500.[8][9]
Tata Steel's largest plant is located in Jamshedpur, Jharkhand, with its recent acquisitions, the company has become a multinational with operations in various countries. The Jamshedpur plant contains the DCS supplied by Honeywell.The registered office of Tata Steel is in Mumbai. The company was also recognized as the world's best steel producer by World Steel Dynamics in 2005.[10] The company is listed on Bombay Stock Exchange and National Stock Exchange of India, and employs about 82,700 people (as of 2007).[3] In August 2007 Tata Steel won the bid to acquire the UK-based steel maker Corus in what was, to date, the largest international acquisition by an Indian company. It made the Tata Group the world's fifth largest steel maker, and catapulted them to the global league.[11]
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Tata Steel has set an ambitious target to achieve a capacity of 100 million tonne by 2015. Managing Director B. Muthuraman stated that of the 100 million tonne, Tata Steel is planning a 50-50 balance between Greenfield facilities and acquisitions.[12][13]
The company is facing increasing criticism that the drive for growth and profits is completely overshadowing its once famed philanthropy, and causing lasting social and environmental damage at various locations.[14] In response, Tata cites its programs for environment and resource conservation, including reduction in greenhouse emission, raw materials and water consumption. The company has increased waste re-use and re-cycling, and reclaims land at its captive mines and collieries through forestation. Tata Steel's chief, environment and occupational health, says, "Our capital investment in pollution-abatement solutions was in the vicinity of Rs 400 crore in 2003-04."[15]
The Dhamra Port, a Joint Venture between Larsen & Toubro and Tata Steel, has come in for criticism from groups such as Greenpeace, Wildlife Protection Society of India and the Orissa Traditional Fishworkers' Union. The port is being built within five kilometres of the Bhitarkanika National Park, a Ramsar wetland of international importance, home to an impressive diversity of mangrove species, saltwater crocodiles and an array of avian species. The port will also be approximately 15 km. from the turtle nesting of Gahirmatha Beach, and turtles are also found immediately adjoining the port site. Aside from potential impacts on nesting and feeding grounds of the turtles, the mudflats of the port site itself are breeding grounds for horseshoe crabs as well as rare species of reptiles and amphibians. One such species, the amphibian Fejervarya cancrivora, is the first record for the Indian mainland.[16][17]
http://www.tatasteel.com/investors/performance/annual-report.asp // Annual Reports
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