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55-558: Mittal Steel Company was formed as Ispat International in 1978. At the time it was part of the Indian Steel company Ispat Industries which had been founded by Lakshmi Mittal's father in 1984. It was owned by the Mittal family, but in 1995 Ispat International separated from Ispat Industries after various disagreements between Lakshmi and his father. In 1989, the company acquired Iron & Steel Company of Trinidad & Tobago. In 1992,

110-412: A $ 9 billion investment to build a greenfield steel plant with a 12 million tonnes per annum production capacity. On 27 January 2006 it announced a $ 23.3 billion ( € 18.6 billion, £12.7 billion) bid for Arcelor. On 19 May 2006 Mittal increased its offer for Arcelor by 38.7% to $ 32.4bn, or $ 47.34 per share (€25.8bn, €37.74 per share). On 25 June 2006 Arcelor, in a board meeting announced that it has accepted

165-552: A 3.3 lakh tonne Cold Rolled Coils plant and a 60,000 tonne Colour Coated Sheets plant. On 21 December 2010 it was declared that JSW Steel will buy controlling interest in Ispat Industries at an enterprise value of $ 3 billion to emerge as India 's largest private producer of the steel with an annual capacity of 1.43 crore (14.3 million) tonnes. In June 2012, the complete merger of JSW Steel and JSW Ispat steel has been completed. Tata Steel Tata Steel Limited

220-591: A 70 percent stake in its S.E. Asia business (NatSteel and Tata Steel Thailand) to China's state-owned HBIS Group for $ 327 million. But the deal fell through citing regulatory issues. Later in 2019, Tata Group signed a memorandum of understanding with the Private Equity firm, Synergy Metals and Mining Fund for divestment of 70% shareholding in Tata Steel (Thailand) Public Company Ltd. (excluding NatSteel) In 2021, Tata Steel decided against divesting

275-471: A Singapore-based steel and iron ore trading company. The deal was valued at $ 172 million (₹1,275 crore). The deal included two Singapore facilities and one Malaysian facility excluding the wire business in Thailand. As on 29 September 2023, Tata Group held 33.90% shares in Tata Steel. Over one million individual shareholders hold approximately 10% of its shares. Life Insurance Corporation of India

330-551: A branch of Jamsetji's Tata Group . The first steel ingot was manufactured on 16 February 1912. During the First World War (1914–1918), the company made rapid progress. In 1920, The Tata Iron & Steel Company also incorporated The Tinplate Company of India Ltd (TCIL) , as a joint venture with then Burmah Shell to manufacture Tinplate. TCIL is now Tata Tinplate and holds 70% market share in India. By 1939, it operated

385-473: A capacity of 90,000 tonnes per annum to produce tinplate and tin-free steel. In 1996, TCIL established its first Cold Rolling Mill Complex with a capacity of 110,000 tonnes per annum, as part of a backward integration to reduce dependency on imported uncoated sheet steel coils, known as tin mill black plate (TMBP). In 2005, a printing and lacquering line was introduced as part of a forward integration to reduce supply chain inefficiencies. In 2007, mill capacity

440-511: A capacity of about 2 million tonnes per annum of finished steel. Millennium Steel in 2005: Tata Steel acquired a majority stake in the Thailand-based steelmaker Millennium Steel for a total cost of $ 130 million. It paid US$ 73 million to Siam Cement for a 40% stake and offered to pay 1.13 baht per share for another 25% of the shares of other shareholders. Millennium Steel has now been renamed Tata Steel Thailand and

495-404: 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. 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). Tata Steel, SAIL , and Jindal Steel and Power are

550-582: A controlling stake in both rolling mill companies located in Vietnam: Structure Steel Engineering Pte Ltd (100% stake) and Vinausteel Ltd (70% stake). The enterprise value for the acquisition was $ 41 million. With this acquisition, Tata Steel got hold of two rolling mills, a 250,000 tonnes per year bar/wire rod mill operated by SSE Steel Ltd. and a 180,000 tonnes per year reinforcing bar mill operated by Vinausteel Ltd. Bhushan Steel in 2018: Tata Steel acquired

605-518: A fourth of its products outside India. In January 1920, the Burmah Oil and The Tata Iron & Steel Company (TISCO) jointly incorporated The Tinplate Company of India Limited (TCIL) to cater to the demand for tinplate that arose following World War I. Burmah contributed two-thirds of the starting capital and Tata the remainder. Burmah required a tinplate for the cans used to hold the kerosene it produced. By November 1921, structural steel for

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660-431: A further sweetened offer ($ 50.68 or €40.4 per share) and the new company would now be called ArcelorMittal, thus successfully ending one of the most controversial and publicised takeover bids in modern corporate history. ArcelorMittal is now by far the largest steelmaker in the world by turnover as well as volume, controlling 10% of the total world steel output. Ispat Industries Ltd JSW Ispat Steel Ltd (JISL)

715-401: A jetty adjoining the complex is capable of handling cargo of up to 1 crore (10 million) tonnes per annum. The integrated steel plant at Kalmeshwar uses the latest steel manufacturing technology to produce galvanised sheets and products, apart from cold rolled coils. The Kalmeshwar complex houses a total of three advanced plants – a 3.25 lakh tonnes Galvanised Plain/Galvanised Corrugated plant,

770-407: A joint venture for the manufacturing of pre-engineered steel products. In 2014, Tata Steel launched Jamshedpur Continuous Annealing and Processing Company Pvt Ltd (JCAPCPL), a joint venture with Nippon Steel to produce continuous annealed products intended for the automotive industry. The plant had a capacity of 600,000 tonnes and was setup with an investment of 2,750 Crores. Tata Steel held 51% of

825-574: A key role in the development of sports in India. They have been involved in the inception of Tata Football Academy, TSAF Climbing Academy, Tata Archery Academy, Naval Tata Hockey Academy – Jamshedpur and Odisha Naval Tata Hockey High-Performance Centre . Tata Steel is headquartered in Mumbai, Maharashtra, India, and has its marketing headquarters at the Tata Centre in Kolkata, West Bengal . It has

880-475: A presence in around 50 countries with manufacturing operations in 26 countries including India, Malaysia, Vietnam, Thailand, UAE, Ivory Coast, Mozambique, South Africa, Australia, United Kingdom, The Netherlands, France and Canada. Tata Steel primarily serves customers in the automotive, construction, consumer goods, engineering, packaging, lifting and excavating, energy and power, aerospace, shipbuilding, rail, and defence and security sectors. Tata Steel has set

935-858: A subsidiary of Tata Steel Limited, acquired the steel business of Usha Martin Limited in 2019 for Rs.4,094 crore. The acquisition involved UMLs 1.0 MnTPA specialty steel plant in Jamshedpur that makes alloy-based long products, a functional iron ore mine, a coal mine under development, and captive power plants. Nilachala Ispat Nigam Ltd in 2022: Tata Steel through its wholly owned subsidiary, Tata Steel Long Products (TSLP), acquired controlling stake in NINL. It beat Jindal Steel and JSW Steel to acquire Odisha -based Neelachal Ispat Nigam Ltd (NINL) for ₹ 12,100 crore (US$ 1.4 billion). In 2006, Tata Steel and BlueScope Steel launched Tata BlueScope Steel Ltd,

990-696: A target of achieving an annual production capacity of 100 million tonnes by 2015; it is planning for capacity expansion to be balanced roughly 50:50 between greenfield developments and acquisitions. Overseas acquisitions have already added an additional 21.4 million tonnes of capacity, including Corus (18.2 million tonnes), NatSteel (2 million tonnes) and Millennium Steel (1.2 million tonnes). Tata plans to add another 29 million tonnes of capacity through acquisitions. Major greenfield steel plant expansion projects planned by Tata Steel include: Since Tata Steel's Corus acquisition in 2007, Tata Steel's Europe unit faced issues from oversupply in

1045-535: A wide range of cold rolled carbon steel strips. In 1988 it installed a colour coating line and was granted Industrial License for Cold Rolled Sheets. In 1994 Business interests within the Group were demarcated. The eldest son, Mr. L N Mittal continued managing the international operations while Mr. Pramod Mittal and Mr. Vinod Mittal, the younger brothers focused on steel and other businesses in India . In 1994, it commissioned

1100-635: 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

1155-719: Is headquartered in Bangkok . On 31 March 2013, it held approximately 68% shares in the acquired company. Corus in 2006: Tata Steel signed a deal with Anglo-Dutch company, Corus to buy 100% stake at £4.3 billion ($ 8.1 billion) at 455 pence per share. On 19 November 2006, the Brazilian steel company Companhia Siderúrgica Nacional (CSN) launched a counter offer for Corus at 475 pence per share, valuing it at £4.5 billion. On 11 December 2006, Tata pre-emptively upped its offer to 500 pence per share, which was, within hours, trumped by CSN's offer of 515 pence per share, valuing

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1210-501: Is listed on the Stock Exchange of Thailand . Tata Steel Limited directly holds 67.90% through its investment arm T S Global Holdings Pte. Ltd. The Tinplate Company of India Limited (TCIL) is a subsidiary of Tata Steel. Founded in 1920, TCIL is India's oldest and current largest tinplate manufacturer. The company is described as having "pioneered the tinplate industry in India". TCIL has a 70% market share in India and exports

1265-809: Is the largest non-promoter shareholder in the company with 10.89% shareholding. The equity shares of Tata Steel are listed on the Bombay Stock Exchange , where it is a constituent of the BSE SENSEX index, and the National Stock Exchange of India , where it is a constituent of the S&;P CNX Nifty , the Global Depository Receipts (GDRs) are listed on the London Stock Exchange and

1320-602: The Luxembourg Stock Exchange . Mjunction, a Tata Steel and SAIL joint venture, India's Largest B2B E-Commerce company. Founded in February 2001, it is today not only India's largest eCommerce company (having eTransacted worth over Rs. 900 billion till date) but also runs the world's largest eMarketplace for steel. Tata Steel's subsidiary Tata Steel (Thailand) Public Company Limited ( SET :  TSTH ), (formerly Millennium Steel Public Company Limited)

1375-696: The Tata Group . In July 2019 Tata Steel Kalinganagar (TSK) was included in the list of the World Economic Forum 's (WEF) Global Lighthouse Network. The Key Managerial Personnel (KMP) at Tata Steel Limited India are Koushik Chatterjee as CFO (KMP) and Parvatheesam Kanchinadham as Company Secretary. Koushik Chatterjee, Mallika Srinivasan, Chandrasekaran Natarajan and 7 other members are presently associated as directors. There have been two attempts to nationalise Tata Steel, one attempt in 1971 and another in 1979, both of which were unsuccessful. In 1971, Prime Minister Indira Gandhi tried to nationalise

1430-623: The 30 lakh tonne per annum hot rolled coils plant, which combines the latest technologies – the Conarc process for steel making and the compact strip process (CSP) – introduced in Asia. The Dolvi complex has a captive port located close to it on the Amba River, which opens into the Arabian Sea. This port can handle barges and mini-bulk carriers up to 4,000 Dead Weight Tonnage (DWT). Moreover,

1485-466: The South East Asian businesses citing improvement in financials, including reduction in total debt and increase in the cash flow. This was confirmed through its regulatory filing where Tata Steel reclassified its S.E. Asians assets from 'held for sale' to 'continuing operations'. In October 2021, Tata Steel announced the sale of its subsidiary Natsteel Holdings Pte. Ltd to TopTip Holding Pte,

1540-515: The company acquired Inland Steel Company . In 1999, the company acquired Unimétal. In 2001, the company acquired ALFASID and Sidex. In 2002, it bought a majority stake in Iscor . In 2003, the company acquired Nowa Huta. In 2004, the company acquired Polskie Huty Stali , BH Steel, and certain Macedonian facilities from Balkan Steel. In 2005, the company hired Deloitte as the primary auditors for

1595-425: The company acquired Sibalsa. In 1994, the company acquired Sidbec-Dosco. In 1995, the company acquired Hamburger Stahlwerke, which formed Ispat International Ltd. and Ispat Shipping, and also bought Karmet Steel of Temirtau , Kazakhstan . Between 1996 and 1997, the company acquired Irish Steel Limited , Walzdraht Hochfeld GmbH and Stahlwerk Ruhrort. In 1997, the company went public as Ispat International NV. In 1998,

1650-794: The company has proposed to give away 50% of its stake in Port Talbot Steelworks to the UK Government in return for capital injections amounting to £900 million. On 11 September 2024, Tata Steel UK announced that 2,500 jobs would go at the Port Talbot steelworks despite a £500 million taxpayer-backed deal from the UK Government. In November 2020, SSAB of Sweden announced its intention to buy Tata Steel's unit in IJmuiden , Netherlands. However, in 2021, SSAB backed out citing technical and cost issues involved with

1705-463: The company made the rights issue which was subscribed for only about 50% of its total value – Rs 60 crore. Due to undersubscription, the promoters acquired them, and as a result, Tayo Rolls became a Tata Steel Subsidiary. Tata Steel owns 55.24% of the Tayo Rolls. Steel Engineering and Vinausteel in 2007: Tata Steel through its wholly owned Singapore subsidiary, NatSteel Asia Pte Ltd, acquired

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1760-565: The company would be Europe's second-largest steelmaker, and listed future headquarters in Amsterdam . However, in 2019, antitrust regulators of EU refused to accept deals citing reduction in competition. In 2019 Tata Steel decided to sell some of its non-core business units in UK. In June 2020, the company requested £500 million in UK government support. Later in July media houses reported that

1815-512: The company, but failed. In 1979, Prime Minister Morarji Desai wanted to nationalise TISCO (now Tata Steel), spurred by Minister for Industries George Fernandes , and Minister of Steel, Mines, and Coals Biju Patnaik . However, union protests prevented such nationalisation efforts. In 1990, the company expanded and established a subsidiary, Tata Inc., in New York. The company changed its name from TISCO to Tata Steel Ltd. in 2005. Tata Steel

1870-529: The company. In 2005, the company acquired International Steel Group . In 2005, the company acquired Kryvorizhstal . In 2005, the company announced the investment of $ 9 billion in Jharkhand , India . In 2006, the company merged with Arcelor after much controversy. In 2006, the company announced investment for a 12 million tonne capacity steel plant in Odisha , India. CEO Lakshmi Mittal 's family owned 88% of

1925-463: The company. Mittal Steel was based in Rotterdam but managed from London by Mittal and his son Aditya . It was formed when Ispat International N.V. acquired LNM Holdings N.V. (both were already controlled by Lakshmi Mittal) and merged with International Steel Group in 2004. On 25 June 2006, Mittal Steel decided to take over Arcelor , with the new company to be called ArcelorMittal. The takeover

1980-464: The deal at £4.9 billion. The Corus board promptly recommended both the revised offers to its shareholders. On 31 January 2007, Tata Steel won it's bid for Corus after offering 608 pence per share, valuing Corus at £6.7 billion ($ 12 billion). In 2005, Corus employed around 47,300 people worldwide, including 24,000 in the UK. At the time of the acquisition, Corus was four times larger than Tata Steel, in terms of annual steel production. Corus

2035-484: The deal. In October 2021, Tata Steel Europe officially split its businesses into two independent entities Tata Steel Netherlands and Tata Steel UK. In April 2022, Tata Steel announced that they had to find alternative sources of coal for their steel production plants in the UK and Netherlands after European nations stopped doing business with Russia because of its invasion of Ukraine. In January 2019, citing debt issues and consistent losses Tata Steel, decided to sell

2090-515: The entire company in 2017–18 when Insolvency proceedings were initiated against the former company on 26 July 2017 under IBC . Tata Steel emerged as the highest bidder and took over the company through its wholly-owned subsidiary Bamnipal Steel Ltd. The company was renamed as Tata Steel BSL . Later in 2021 Tata Steel amalgamated Bamnipal Steel Ltd. and Tata Steel BSL thereby the latter became a direct subsidiary of Tata Steel (72.65%). Usha Martin (Steel division) in 2019: Tata Sponge Iron Limited,

2145-510: The erection and commissioning of a 2 MTPA blast furnace at the Dolvi steel complex. Sponge iron capacity was increased from 1.2 MTPA to 1.4 MTPA in the year 2003. Year 2004 saw the increase in capacity of Hot rolled coil from 1.5 MTPA to 2.4 MTPA and Sponge iron from 1.4 MTPA to 1.6 MTPA. JSW Ispat Steel has two integrated steel plants, located at Dolvi and Kalmeshwar in the state of Maharashtra . The 1,200 acres (4.9 km ) Dolvi complex houses

2200-489: The joint venture. In 2022, Tata Group moved the amalgamation of seven metal companies of the group into Tata Steel. Seven metal companies of Tata Group that will be merged with Tata Steel are Tata Steel Long Products Limited (TSLP), The Tinplate Company of India Limited (TCIL), Tata Metaliks Limited (TML), TRF Limited, The Indian Steel & Wire Products Limited (ISWPL), Tata Steel Mining Limited (TSML) and S & T Mining Company Limited. Tata Steel has traditionally played

2255-470: The largest steel plant in the British Empire. The company launched a major modernisation and expansion program in 1951. Later, in 1958, the program was upgraded to 2 million metric tonnes per annum (MTPA) project. By 1970, the company employed around 40,000 people at Jamshedpur, and a further 20,000 in the neighbouring coal mines. In November 2021, Tata Steel was the most profitable company in

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2310-485: The level of production exceeded the country's imports for the first time. The company's main competition was from tinplate imported from South Wales . In its early years, the Company relied to a large extent on European 'covenanted' labor for supervisory and skilled roles, but this lessened over time as the skills of Indian workers developed. Just under 3,000 workers were employed in the late 1920s, and early 1930s. With

2365-557: The market, labor unions, inexpensive imports from Chinese steel makers, and pressure from regulators for decarbonisation (green taxes) which forced Tata Steel to consolidate its businesses in Europe. In 2015, Tata Steel was looking to sell its facilities in Port Talbot, Hartlepool, Rotherham, and Stocksbridge, which was put on hold due to Brexit . In April 2016, Tata Steel's Long Products Europe Division located in Scunthorpe , England

2420-595: The only three Indian steel companies that have captive iron-ore mines, which gives the three companies price advantages. Tata Steel operates in 26 countries, with key operations in India, the Netherlands , and the United Kingdom , and employs around 80,500 people. Its largest plant (10 MTPA capacity) is located in Jamshedpur , Jharkhand . In 2007, Tata Steel acquired the UK-based steelmaker Corus . It

2475-616: The outbreak of World War II, TCIL diversified into the manufacturing of un-tinned black plates used in Jettison tanks for the Royal Air Force . Also, TCIL took over the processing of steel from the sheet mills of Tata Steel to augment production. TCIL entered into an agreement with Wean United Canada to switch to the Electrolytic Tinning Process. In 1973, an Electrolytic Tinning Line was commissioned with

2530-534: The plant and machinery had been imported from the US and UK, and the plant was established at Golmuri, Jamshedpur near the Tata Steelworks. The design was based on an Indiana rolling plant. In December 1922, the first hot dip tinning plant started rolling out finished tinplate . By 1924, a total of six mills were in production and the company was producing almost 40 percent of India's tinplate needs. In 1926,

2585-495: The steel-making operations of the Singapore-based NatSteel for $ 486.4 million in cash. NatSteel had ended 2003 with a turnover of $ 1.4 billion and a profit before tax of $ 47 million. The steel businesses of NatSteel would be run by the company through a wholly owned subsidiary called Natsteel Asia Pvt. Ltd. The acquisition was completed in February 2005. At the time of acquisition, NatSteel had

2640-576: The world's largest gas-based single mega module plant for manufacturing direct reduced iron (sponge iron), at its Maharashtra -based Dolvi plant. In 1995 hot strip mill with Continuous Strip Processing (CSP) technology was installed at Dolvi. In 1998, integrated steel plant for the production of hot rolled coils was launched, using technologies such as the Conarc Process for steel making and the Compact Strip Process. Year 2000 saw

2695-503: Was among the first Indian companies to provide various labour welfare benefits, such as eight-hour workdays since 1912, free medical care since 1915, school facilities for the children of employees since 1917, paid time off since 1920, the formation of a provident fund and accident compensation in 1920, vocational training since 1921, maternity benefits since 1928, profit sharing bonuses since 1934, and retiring gratuity since 1937. NatSteel in 2004: Tata Steel agreed to acquire

2750-449: Was an Indian company with operations in iron, steel, mining, energy and infrastructure. It was set up as Nippon Denro Ispat Limited in May 1984 by founding chairman M. L. Mittal. It was listed on the Bombay Stock Exchange and National Stock Exchange of India until 2013 when it was merged with JSW Steel . It was headquartered in Mumbai and employed about 3,000 people. Ispat Industries

2805-586: Was ranked 486th in the 2014 Fortune Global 500 ranking of the world's biggest corporations. It was the seventh most valuable Indian brand of 2013, according to Brand Finance. Tata Steel was listed amongst India's Best Workplaces in Manufacturing by Great Place to Work for the fifth time in 2022. Tata Iron and Steel Company (TISCO) was founded by Jamsetji Nusserwanji Tata and established by Sir Dorabji Tata on 26 August 1907. TISCO started pig iron production in 1911 and began producing steel in 1912 as

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2860-467: Was ranked 5th among major next to Tata steel and JSW steel companies in India for the year 2008 by Business World. Nippon Denro Ispat Limited was incorporated in 1984 and was granted the first Industrial License by the Government of India for manufacturing Galvanised Plain/Corrugated Sheets. IIL was set up as a cold rolling reversing mill, in collaboration with Hitachi of Japan, to manufacture

2915-496: Was sold to Greybull Capital LLP. The unit was renamed as British Steel Limited . In February 2017, the company decided to sell its specialty division to Liberty House Group . In September 2017, ThyssenKrupp of Germany and Tata Steel announced plans to combine their European steel-making businesses. The deal will structure the European assets as Thyssenkrupp Tata Steel, an equal joint venture. The announcement estimated that

2970-511: Was successfully approved by shareholders and directors of Arcelor making L.N. Mittal the largest steel maker in the world. In October 2005 Mittal Steel acquired Ukrainian steel manufacturer Kryvorizhstal for $ 4.8 billion in an auction after a controversial earlier sale for a much lower price to a consortium including the son-in-law of ex-President Leonid Kuchma was cancelled by the incoming government of President Viktor Yushchenko . In 2005 Lakshmi Mittal flew into Jharkhand, India to announce

3025-498: Was the world's 9th largest producer of Steel, whereas Tata Steel was in the 56th position. The acquisition made Tata Steel the world's 5th largest producer of Steel. Tayo Rolls in 2008, formerly Tata-Yodogawa Limited is a metal fabrication and processing company headquartered in Jamshedpur , India . It was founded in 1968 as a joint venture between Tata Steel and the Japan-based Yodogawa Steels. In 2008,

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