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TATA Steel Distributors in Chennai, Tambaram, Rajakilpakkam Tata Steel Limited (formerly Tata Iron and Steel Company Limited (TISCO)) is an Indian multinational steel-making company headquartered in Mumbai, Maharashtra, India, and a subsidiary of the Tata Group. It was the 11th largest steel producing company in the world in 2013, with an annual crude steel capacity of 25.3 million tonnes, and the second largest steel company in India (measured by domestic production) with an annual capacity of 9.7 million tonnes after SAIL[4] Tata Steel's Jamshedpur plant at night Tata Steel has manufacturing operations in 26 countries, including Australia, China, India, the Netherlands, Singapore, Thailand and the United Kingdom, and employs around 80, 500 people.[3] Its largest plant is located in Jamshedpur, Jharkhand. In 2007 Tata Steel acquired the UK-based steel maker Corus.[5] [3] It was ranked 486th in the 2014 Fortune Global 500 ranking of the world's biggest corporations.[6] It was the seventh most valuable Indian brand of 2013 as per Brand Finance. Tata Steel Dealer In Chennai, Tambaram, Rajakilpakkam History[edit] Tata Iron and Steel Company was founded by Jamshedji Tata and established by Dorabji Tata on 26 August 1907, as part of his father Jamsetji's Tata Group.[10][11][12] By 1939 it operated the largest steel plant in the British Empire. 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) project.[10] By 1970, the company employed around 40, 000 people at Jamshedpur, with a further 20, 000 in the neighbouring coal mines.[11] In 1971 and 1979, there were unsuccessful attempts to nationalise the company.[11] In 1990, it started expansion plan and established its subsidiary Tata Inc. in New York. The company changed its name from TISCO to Tata Steel in 2005.[13] Tata Steel on Thursday(12 Feb 2015) announced buying three strip product services centres in Sweden, Finland and Norway from SSAB to strengthen its offering in Nordic region.The company, however, did not disclose value of the transactions. Tata Steel Fe 500 D Dealer in Chennai Tamabarm Rajakilpakkam Acquisitions[edit] NatSteel in 2004: In August 2004, Tata Steel agreed to acquire the steel making operations of the Singapore-based NatSteel for $486.4 million in cash.[15] NatSteel had ended 2003 with turnover of $1.4 billion and a profit before tax of $47 million.[15] The steel businesses of NatSteel would be run by the company through a wholly owned subsidiary called Natsteel Asia Pte Ltd.[15] The acquisition was completed in February 2005.[16][17] At the time of acquisition, NatSteel had a capacity of about 2 million tonnes per annum of finished steel.[17][18] 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.[19][20] For the year 2004, Millennium Steel had revenues of US$406 million and a profit after tax of US$29 million.[18] At the time of acquisition, Millennium Steel was the largest steel company in Thailand with a capacity of 1.7 million metric tonnes per annum, producing long products for construction and engineering steel for auto industries.[18] Millennium Steel has now been renamed to Tata Steel Thailand and is headquartered in Bangkok.[21] On 31 March 2013, it held approx. 68% shares in the acquired company.[3] Corus in 2007: On 20 October 2006, Tata Steel signed a deal with Anglo-Dutch company, Corus to buy 100% stake at £4.3bn ($8.1 billion) at 455 pence per share.[22] 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 preemptively upped its offer to 500 pence per share, which was within hours trumped by CSN's offer of 515 pence per share, valuing 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 their 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.[22] At the time of 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 at 56th position. The acquisition made Tata Steel world's 5th largest producer of Steel.[22] See also: Tata Corus acquisition 2 Rolling mill companies in Vietnam in 2007: Tata Steel through its wholly owned Singapore subsidiary, NatSteel Asia Pte Ltd, acquired controlling stake in two 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 250k tonnes per year bar/wire rod mill operated by SSE Steel Ltd and a 180k tonnes per year reinforcing bar mill operated by Vinausteel Ltd.[23][24] Operations[edit] The Tata Centre in Kolkata, India 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.[25] 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.[26] Expansion plans[edit] Tata Steel has set a target of achieving an annual production capacity of 100 million tons by 2015; it is planning for capacity expansion to be balanced roughly 50:50 between greenfield developments and acquisitions.[27][28] 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.[27][28] Major greenfield steel plant expansion projects planned by Tata Steel include:[27] 1. A 6 million tonne per annum capacity plant in Kalinganagar, Odisha, India;[29] 2. An expansion of the capacity of its plant in Jharkhand, India from 6.8 to 10 million tonnes per annum;[29] 3. A 5 million tonne per annum capacity plant in Chhattisgarh, India (Tata Steel signed a memorandum of understanding with the Chhattisgarh government in 2005; the plant is facing strong protest from tribal people);[30] 4. A 3 million tonne per annum capacity plant in Iran;[31][32] 5. A 2.4 million tonne per annum capacity plant in Bangladesh;[33] 6. A 10.5 million tonne per annum capacity plant in Vietnam (feasibility studies are underway); and[34] 7. A 6 million tonne per annum capacity plant in Haveri, Karnataka.
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