Tata Steel

Template:Short description Template:About Template:Multiple issues Template:Use Indian English Template:Use dmy dates Template:Infobox company Tata Steel Limited is an Indian multinational steel company, headquartered in Mumbai and part of the Tata Group. Formerly known as Tata Iron and Steel Company Limited (TISCO), the company was established on 26 August 1907 in Jamshedpur, where its primary production facilities in India are located.

According to industry rankings, Tata Steel was the world's 8th largest producer of crude steel in 2024,<ref>Template:Cite web</ref> with an estimated annual capacity of 35 million tonnes and output of 31.02 million tonnes that year. It has a domestic crude-steel capacity of 21.6 million tonnes, making it one of the largest steel producers in India.<ref>Template:Cite news</ref>

As of 2024, Tata Steel employed approximately 78,300 people worldwide and operated in 26 countries including key operations in India, the Netherlands, and the United Kingdom.<ref name="FY2">Template:Cite web</ref>

History

Tata Steel's Jamshedpur plant at night

Tata Iron and Steel Company (TISCO) was founded by Jamsetji Nusserwanji Tata and formally established by Sir Dorabji Tata on 26 August 1907. TISCO started pig iron production in 1911 and began producing steel in 1912 as a branch of Jamsetji's Tata Group.<ref name=TSH>Template:Cite web</ref><ref name=FUH>Template:Cite web</ref><ref>Template:Cite web</ref> During the First World War (1914–1918), the company survived economic challenges by supplying steel for the war effort in India.<ref>Template:Cite web</ref>

In 1920, TISCO incorporated The Tinplate Company of India Ltd (TCIL) as a joint venture with then Burmah Shell to manufacture tinplate. TCIL was later renamed Tata Tinplate.<ref>Template:Cite web</ref>

By 1939, it operated the largest steel plant in the British Empire.<ref>Template:Cite web</ref> The company launched a major modernization and expansion program in 1951. Later, in 1958, the program was upgraded to 2 million metric tonnes per annum (MTPA).<ref name="TSH" /> By 1970, the company had around 40,000 employees at Jamshedpur, and another 20,000 in neighbouring coal mines.<ref name="FUH" />

In 1990, the company expanded and established a subsidiary, Tata Inc., in New York.

In 2005, the company changed its name from TISCO to Tata Steel Ltd.<ref>Template:Cite news</ref>

In 2007, Tata Steel acquired the UK-based steelmaker Corus Group.<ref>Template:Cite news</ref>

In 2016, Tata Steel announced it would sell its UK business, including the Port Talbot Steelworks, due to losses and broader market conditions.

As of November 2021, Tata Steel reportedly posted the highest profits among Tata Group companies, according to financial reports from that period.<ref>Template:Cite news</ref> In July 2019, the Tata Steel Kalinganagar (TSK) plant was named to the World Economic Forum’s Global Lighthouse Network, which "identifies and awards the most advanced operational sites in the world".<ref>Template:Cite web</ref><ref>Template:Cite web</ref>

In May 2025, Tata Steel inaugurated its new facility in Odisha, increasing annual capacity at Kalinganagar from 3 million to 8 million tonnes with an investment of ₹27,000 crore.<ref>Template:Cite web</ref>

Nationalization attempts

There have been two unsuccessful attempts to nationalize Tata Steel, one in 1971 and another in 1979. In 1971, the Prime Minister of India Indira Gandhi tried to nationalize the company but failed. In 1979, Prime Minister Morarji Desai wanted to nationalize the company, spurred by Minister for Industries George Fernandes, and Minister of Steel, Mines, and Coals Biju Patnaik. However, union protests prevented nationalization efforts.<ref name="FUH" /><ref>Template:Cite news</ref><ref>Template:Cite web</ref>

Labor welfare

Tata Steel was one of the earliest Indian companies to implement labor welfare measures such as an eight-hour workday (since 1912), free medical care (since 1915), school facilities for children of employees (since 1917), paid time off (since 1920), the formation of a provident fund and accident compensation (both in 1920), vocational training (since 1921), maternity benefits (since 1928), profit-sharing bonuses (since 1934), and a retirement gratuity (since 1937).<ref>Template:Cite journal</ref><ref>Template:Cite web</ref>

Facilities

• Tata Steel, Jamshedpur Steel Plant
• Tata Steel, Kalinganagar Steel Plant
• Tata Steel, Meramandali Steel Plant
• Tata Steel, Gamharia Steel Plant
• Tata Metaliks, Kharagpur Steel Plant
• Tata Steel, Khopoli Pipe plant
• Tata HMC Division, Haldia Coke Plant

Expansions

Acquisitions

NatSteel in 2004: Tata Steel agreed to acquire the steel-making operations of the Singapore-based NatSteel for $486.4 million in cash.<ref name=TH1>Template:Cite news</ref> NatSteel had ended 2003 with a turnover of $1.4 billion and a profit before tax of $47 million.<ref name=TH1 /> The steel businesses of NatSteel would be run by the company through a wholly owned subsidiary called NatSteel Asia Pvt. Ltd.<ref name=TH1 /> The acquisition was completed in February 2005.<ref>Template:Cite news</ref><ref name=BSN>Template:Cite news</ref> At the time of acquisition, NatSteel had a capacity of about 2 million tons per annum of finished steel.<ref name=BSN /><ref name=TATAMS>Template:Cite web</ref>

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.<ref>Template:Cite news</ref><ref>Template:Cite news</ref> Millennium Steel has now been renamed Tata Steel Thailand and is headquartered in Bangkok.<ref>Template:Cite web</ref> On 31 March 2013, it held approximately 68% shares in the acquired company.<ref name="FY">Template:Cite web</ref>

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.<ref name="BBCNC">Template:Cite news</ref> On 19 November 2006, the Brazilian steel company Companhia Siderúrgica Nacional (CSN) launched a counteroffer for Corus at 475 pence per share, valuing it at £4.5 billion ($6.04 billion). On 11 December 2006, Tata pre-emptively raised its offer to 500 pence per share, which was, within hours, superseded by CSN's offer of 515 pence per share, valuing the deal at £4.9 billion ($6.57 billion). The Corus board promptly recommended both the revised offers to its shareholders. On 31 January 2007, Tata Steel won its bid for Corus after offering 608 pence per share, valuing Corus at £6.7 billion ($12 billion).<ref>Template:Cite news</ref>
In 2005, Corus employed around 47,300 people worldwide, including 24,000 in the UK.<ref name="BBCNC" /> At the time of the acquisition, Corus was four times larger than Tata Steel in terms of annual steel production. Corus 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.<ref name="BBCNC" />

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, Tayo Rolls became a Tata Steel Subsidiary. Tata Steel currently owns 55.24% of the Tayo Rolls.<ref>Template:Cite web</ref><ref>Template:Cite news</ref>

Steel Engineering and Vinausteel in 2007: Tata Steel, through its wholly owned Singapore subsidiary, NatSteel Asia Pte Ltd, acquired 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. By this acquisition, Tata Steel obtained two rolling mills, a 250,000 tons per year bar/wire rod mill operated by SSE Steel Ltd. and a 180,000 tons per year reinforcing bar mill operated by Vinausteel Ltd.<ref>Template:Cite news</ref><ref>Template:Cite web</ref>

Bhushan Steel in 2018: Tata Steel acquired the 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%).<ref>Template:Cite web</ref><ref>Template:Cite web</ref><ref>Template:Cite news</ref>

Usha Martin (Steel division) in 2019: Tata Sponge Iron Limited, a subsidiary of Tata Steel Limited, acquired the steel business of Usha Martin Limited (UML) in 2019 for Template:INRConvert. The acquisition involved UML's 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.<ref>Template:Cite news</ref><ref>Template:Cite news</ref>

Nilachala Ispat Nigam Ltd. in 2022: Tata Steel, through its wholly owned subsidiary Tata Steel Long Products (TSLP), acquired a controlling stake in NINL. It outbid Jindal Steel and JSW Steel to acquire Odisha-based Neelachal Ispat Nigam Ltd. (NINL) for Template:INRConvert.<ref>Template:Cite news</ref>

On 25 February 2025, Tata Steel Limited acquired 788.5 crore shares of its Singapore-based subsidiary, T Steel Holdings Pte. Ltd., for $1,238 million (₹10,727 crore), thereby retaining full ownership of the subsidiary.<ref>Template:Cite web</ref><ref>Template:Cite web</ref>

Joint ventures

In 2006, Tata Steel and Australia's BlueScope Steel launched Tata BlueScope Steel Ltd., a joint venture for the manufacturing of pre-engineered steel products.<ref>Template:Cite news</ref>

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 tons and was set up with an investment of Template:INRConvert. Tata Steel held 51% of the joint venture.<ref>Template:Cite news</ref>

Amalgamation

In 2022, the Tata Group completed the amalgamation of seven metal companies of the group into Tata Steel. The seven metal companies of Tata Group that merged into 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.<ref>Template:Cite web</ref><ref>Template:Cite web</ref>

Sports

Tata Steel is involved in the inception of the Tata Football Academy, TSAF Climbing Academy, Tata Archery Academy, Naval Tata Hockey Academy – Jamshedpur and Odisha Naval Tata Hockey High-Performance Centre, and is also the namesake of the Tata Steel Chess Tournament<ref>Template:Cite news</ref><ref>Template:Cite web</ref>

Operations

Tata Steel is headquartered in Mumbai, Maharashtra, India, and has its marketing headquarters at the Tata Centre in Kolkata, West Bengal. It has 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.<ref>Template:Cite web</ref>

Issues in Europe

Since Tata Steel's acquisition of Corus in 2007, Tata Steel's Europe unit faced issues from oversupply in the market, labor unions, inexpensive imports from Chinese steel makers, and pressure from regulators for decarbonization (green taxes), which forced Tata Steel to consolidate its businesses in Europe.<ref>Template:Cite news</ref><ref>Template:Cite news</ref>

In 2015, Tata Steel was looking to sell its facilities in Port Talbot, Hartlepool, Rotherham, and Stocksbridge, which were put on hold due to Brexit. In April 2016, Tata Steel's Long Products Europe Division located in Scunthorpe, England was sold to Greybull Capital LLP.<ref>Template:Cite news</ref> The unit was renamed as British Steel Limited.<ref>Template:Cite news</ref><ref>Template:Cite news</ref>

In February 2017, the company decided to sell its specialty division to Liberty House Group.<ref>Template:Cite news</ref>

In September 2017, ThyssenKrupp of Germany and Tata Steel announced plans to combine their European steel-making businesses. The deal will restructure the European assets of ThyssenKrupp and Tata Steel as an equal joint venture. The announcement estimated that the company would become Europe's second-largest steelmaker as a result of the merger, and planned for its future headquarters in Amsterdam.<ref>Template:Cite news</ref><ref name="wsj-zeke">Template:Cite news</ref> However, in 2019, antitrust regulators of EU refused to accept deals citing reduction in competition.<ref>Template:Cite news</ref> In 2019 Tata Steel decided to sell some of its non-core business units in UK.<ref>Template:Cite news</ref>

In June 2020, the company requested £500 million in UK government support. Later in July media houses reported that the company proposed to transfer 50% of its stake in Port Talbot Steelworks to the UK Government in return for capital injections amounting to £900 million.<ref>Template:Cite web</ref><ref name="Guardian_June_2020">Template:Cite news</ref>

On 11 September 2024, Tata Steel UK announced that 2,500 jobs would be lost at the Port Talbot steelworks despite a £500 million taxpayer-backed deal from the UK Government.<ref>Template:Cite news</ref>

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 the deal.<ref>Template:Cite news</ref><ref>Template:Cite news</ref>

In October 2021, Tata Steel Europe officially split its businesses into two independent entities, Tata Steel Netherlands and Tata Steel UK.<ref>Template:Cite web</ref>

Template:Wikinews In April 2022, Tata Steel announced that it would find alternative sources of coal for its steel production plants in the UK and the Netherlands after European nations stopped doing business with Russia because of its invasion of Ukraine.<ref>Template:Cite web</ref>

Issues in Southeast Asia

In January 2019, citing debt issues and consistent losses, Tata Steel decided to sell 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 eventually the deal fell through, with both companies citing regulatory issues.<ref>Template:Cite web</ref><ref>Template:Cite web</ref>

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).<ref>Template:Cite web</ref>

In 2021, Tata Steel decided against divesting the Southeast Asian businesses, citing improvement in financials, including a reduction in total debt and an increase in the cash flow. This was confirmed through its regulatory filing, where Tata Steel reclassified its S.E. Asian assets from 'held for sale' to 'continuing operations'.<ref>Template:Cite web</ref>

In October 2021, Tata Steel announced the sale of its subsidiary, Natsteel Holdings Pte. Ltd to TopTip Holding Pte, a Singapore-based steel and iron ore trading company. The deal was valued at $172 million (₹1,275 crore) and included two Singapore facilities and one Malaysian facility excluding the wire business in Thailand.<ref>Template:Cite web</ref>

Shareholders

As of 29 September 2023, the Tata Group held 33.90% shares in Tata Steel. 9.44% of its shares are held by private shareholders. Life Insurance Corporation of India is the largest non-promoter shareholder in the company with 10.89% shareholding.<ref name=FY /><ref>Template:Cite web</ref>

Shareholders	Shareholding<ref name=FY />
Promoters: Tata Group companies	33.90%
Insurance Companies	10.89%
Individual shareholders	9.44%
Foreign Institutional Investors	20.31%
GDRs	5.06%
Others	20.39%
Total	99.99%

The equity shares of Tata Steel<ref>Template:Cite news</ref> are listed on the Bombay Stock Exchange,<ref>Template:Cite web</ref> where it is a constituent of the BSE SENSEX index,<ref>Template:Cite web</ref> and the National Stock Exchange of India,<ref>Template:Cite web</ref> where it is a constituent of the S&P CNX Nifty,<ref>Template:Cite web</ref> the Global Depository Receipts (GDRs) are listed on the London Stock Exchange<ref>Template:Cite web</ref> and the Luxembourg Stock Exchange.<ref>Template:Cite news</ref><ref>Template:Cite web</ref>

Sub-Brands of Tata Steel

The following is a list of all the sub-brands which Tata Steel have introduced to the market.<ref>Template:Cite web</ref>

1. Automotive Steels
2. Galvano
3. Tata Agrico
4. Tata Astrum
5. Tata Bearings
6. Tata Ferromag
7. IBMD
8. Tata Pipes
9. Tata Precision Tubes
10. Tata Shaktee
11. Tata Steelium
12. Tata Structura
13. Tata Tiscon
14. Tata Wiron
15. Tata KOSH
16. Tata eFee
17. Tata Ductura

Subsidiaries

Mjunction

Mjunction, a Tata Steel and SAIL joint venture, is India's Largest B2B E-Commerce company. Founded in February 2001, it is today not only India's largest e-commerce company (having e-Transacted worth over Rs. 900 billion till date) but also runs the world's largest e-Marketplace for steel.<ref>Template:Cite news</ref>

Tata Steel Thailand

Tata Steel's subsidiary Tata Steel (Thailand) Public Company Limited (Template:SET),<ref>Template:Cite web</ref> (formerly Millennium Steel Public Company Limited) 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.<ref>Template:Cite web</ref> It also formed Sustainable Development Core Committee which has considered categorizing and prioritizing the group of business key material issues, rating the levels of impact on operations and value creation for the Company covering the economic, environmental and social issues.

Tata Tinplate

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".<ref name="Karunakar">Template:Cite book</ref> TCIL has a 70% market share in India and exports a fourth of its products outside India.<ref>Template:Cite web</ref><ref name=":0">Template:Cite web</ref>

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 startup capital and Tata the remainder. Burmah required tinplate for the cans used to hold the kerosene it produced.<ref name="Corley">Template:Cite book</ref>

By November 1921, structural steel for 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 operations.<ref name="Karunakar" /> 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, the level of production exceeded the country's imports for the first time.<ref name="Corley" /> 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.<ref name="Bagchi">Template:Cite book</ref>

With 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.Template:Citation needed

TCIL agreed with Wean United Canada to switch to the Electrolytic Tinning Process. In 1973, an Electrolytic Tinning Line was commissioned with a capacity of 90,000 tons 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 tons 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 was more than doubled to 379,000 tons by the commissioning of a second Tinning Line; a second Cold Rolling Mill facility was added a year later. Production and sales reached 360,000 tons in 2018–19.<ref name=":1">Template:Cite web</ref>

In 2012, Tata Steel increased its shareholding in TCIL to 73.44% which currently stands at 74.96%<ref>Template:Cite news</ref>

Through volumes, TCIL holds 70% market share in India and exports 25% of the production to Southeast Asia, Europe, and the Middle East.<ref name=":0" /><ref name=":1" />

In August 2021, it announced its expansion plans, with an additional capacity of 300,000 tons per annum.<ref>Template:Cite web</ref>

In September 2022, it was announced that the company would be merged into Tata Steel.<ref>Template:Cite web</ref>

Social and Infrastructure Impact

Tata Steel's Industrial By‑Product Management Division has supplied 20 kilotons of blast‑furnace slag for the widening of NH‑53 in Odisha, promoting sustainable infrastructure development.<ref>Template:Cite news</ref>

Tata Steel Utility & Infrastructure Services Ltd honored sanitation workers after Jamshedpur ranked as the third cleanest city in India under Swachh Survekshan rankings.<ref>Template:Cite news</ref>

Controversies

• Environment protection at Dhamra Port: The Dhamra Port, a joint venture between Larsen & Toubro and Tata Steel near Dhamra river in Bhadrak district of Odisha has received criticism from groups such as Greenpeace, Wildlife Protection Society of India and the National Fishworkers Forum for causing environmental harm to the local ecology.<ref>Template:Cite web</ref> The port is being built within five kilometers of the Bhitarkanika National Park, a Ramsar wetland of international importance, home to a notable diversity of mangrove species, saltwater crocodiles, and avian species. The port will also be approximately 15 km from the turtle nesting ground of Gahirmatha Beach, and turtles are also found in the area immediately adjoining the port site. Aside from potential impacts on the 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.<ref>Template:Cite web</ref><ref>Template:Cite web</ref> The port began commercial production in May 2011.<ref>Template:Cite web</ref> In response, the company website informs that it has been working with International Union for Conservation of Nature (IUCN) for guidance and assistance in the implementation of environmental standards and designing mitigation measures for potential hazards during construction and operation of the Port.<ref>Template:Cite web</ref><ref>Template:Cite news</ref><ref>Template:Cite web</ref>

In media

Documentaries

• Tata Steel: Seventy Five Years of the Indian Steel Industry, directed by Shyam Benegal in 1983.<ref>Template:Cite web</ref>
• Tata Steel: Spirit of Steel, directed by Zafar Hai in 2007.<ref>Template:Cite news</ref>
• Crucible of Fire, directed by Stephen Alter and narrated by Victor Banerjee in 2008.<ref>Template:Cite web</ref>

See also

• List of steel producers
• List of companies of India
• List of largest companies by revenue
• List of corporations by market capitalization
• Make in India
• Forbes Global 2000
• Fortune India 500
• Tata Group
• Russi Mody

Further reading

• Template:Cite journal
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External links

• Template:Official website