Sir Dorabji Tata, and his cousin RD Tata, took Jamsetji Tata's dream of a fully Indian steel company to fruition. Tata Steel came into being in 1907 and holds the distinction of being Asia’s first integrated steel company.
Tata Steel, today, is one of the world’s most geographically diversified steel producers, operating in 26 countries, with a commercial presence in over 50 countries and employees across five continents.
Among other accomplishments, Tata Steel bagged the Deming Application Prize and Deming Grand Prize for continuous improvement in 2008 and 2012 respectively, and was recognised as the global ‘Industry Leader’ in ‘Steel category’ by Dow Jones Sustainability Index in 2015.
Business Highlights FY 2017-18
- Tata Steel completed a Rs 12,700 crore rights issue and sold stake worth ~ Rs 3,800 crore in Tata Motors to deleverage and recapitalise the company for future growth
- It announced launch of the Kalinganagar phase-2 project to expand capacity from 3 MnTPA to 8 MnTPA and the Rs 35,200 crore acquisition of the 5 MnTPA Bhushan Steel under the IBC process
- It signed a definitive agreement with thyssenkrupp AG for a JV of their European steel businesses. This will create Europe’s second largest flat steel company and ensure a stronger, more sustainable footprint