Home  »  Company  »  Tata Steel Ltd.  »  Quotes  »  Company History
Enter the first few characters of Company and click 'Go'

Tata Steel Ltd. Company History and Annual Growth Details

1907

- The Tata Iron and Steel Company Limited was formed in 1907 at Mumbai.
The Company manufactures rails, fishplates, bars, light structurals,
heavy structurals, plates, black sheets, galvanised sheets, tin bars,
sleeper bars, sleepers, blooms, billets, sheet bars, wheels, tyres and
axles, skelp and strip, and special steels tools such as picks,
beaters, hammers and shovels and red-oxide, coal tar, sulphate of
ammonia, etc.

- Iron and steel are made by the open hearth, duplex electric and a
combination of these processes, and the steel is rolled into finished
products.

1917

- During the year 1,50,000 equity shares issued at par and 26,250
deferred shares issued at a premium of Rs.370 per share.

1919

- During the year 7,00,000 second pref. shares of Rs.100 each issued at
par. 6181 second pref. shares forfeited.

1954

- During the year, 8750 defd. shares of Rs.30 each converted into
292,500 equity shares of Rs.75 each. 642,500 bonus equity shares
issued in prop. 1:1.

1956

- During the year 12,85,000 right equity shares issued in prop.1:1, and
a premium of 30 per share.

1959

- 12,142 rights share subscribed for 11,524 bonus equity shares
allotted in prop. 1:1.

1960

- During the year 3,75,000 A IInd pref. & 6,18,372 equity shares
offered in prop. 1:2 & 1:5. (Arrears: 29,625.)

1961

- During the year 1,330 A, IInd pref. shares and 2,959 No. of equity
shares were subscribed for. Arrears Rs.840.

1967

- In March 14,69,722 bonus equity shares issued in prop. 2:5. Arrears
Rs.136.

1973

- With effect from 1st April, the wholly owned subsidiary, West Bokaro
Ltd., was amalgamated with the company.

1980

- Tata Steel and ACC signed a long-term agreement, valid up to the end
of 1991, whereby the slag from the granulation plant could be taken by
ACC.

1982

- On 19th March, the company approved the proposal to convert the
company's irredeemable preference shares into redeemable
non-convertible bonds. The interest on bonds is payable with effect
from 1st April, 1983 at half-yearly rests. Thus bonds of face value
aggregating Rs 11.40 crores were issued under this scheme.

1983

- During the year Indian Tube Company Limited was amalgamated with the
company. After the amalgamation, the company produces a wide range of
tubes including seamless and welded quality tubes. The company also
makes agricultural implements and alloy steel baring rings.

- As a measure of diversification, the Company agreed to purchase the
bearings manufacturing plant of Metal Box India, Ltd. at Kharagpur as a
going concern with effect from 1st October.

- During the same year, the company acquired the Barings Unit of the
Metal Box Company of India Limited and is today a leading manufacturer
of Ball and Tapered Roller Bearings with an annual installed capacity
of over 5 million bearings which is being further augmented to 10
million bearings.

1984

- As a measure of diversification, the company entered into a lease
agreement with Bihar State Industrial Development Corporation, to
reopen Kumardhubi Engineering Works Ltd. For this purpose a new
company under the name Kumardhubi Metal Castings & Engineering Co.,
Ltd. was formed. The company would have a share of 49% and the BSIDIC
would hold 51% in this joint sector company.

- During March-May the company offered 15% non-convertible debentures
for Rs.50 crores as right to raise funds for working capital and also
for capital expenditure.

- The Company decided to accept subscription to the extent of Rs. 75
crores. The redemption date for debentures worth Rs 16.09 crores was
extended by seven years from 16th September, 1991 and rate of interest
raised to 16% from 16.9.1991.

1985

- With effect from 1st October, Indian Tube Co. Ltd was amalgamated
with TISCO.

- In terms of the scheme of amalgamation, the shareholders of ITC were
allotted 72,153 No. of equity shares of TISCO in the proportion of 1
share of TISCO for every 2 shares of ITC held.

- 72,153 shares issued to members of Indian Tube Co. Ltd., as on
1.10.1985 on its merger. 9,89,077 shares issued at par on part
conversion of 13.5% bonds.

1986

- In October, higher recovery of iron-bearing materials from waste
materials viz., a Rs.18.5 crores waste-recycling plant, was
commissioned.

1987

- On 2nd March, 300,000 tonne capacity bar and rod mill costing about
Rs.78 crores was commissioned under the second phase of modernisation.

- On 11th August, approvals were received for investment of Rs.16
crores in the Capital of Tata Timken Ltd., a company promoted by Tata
Steel in collaboration with Timken Co. USA, for the manufacture of
bearings for the automotive industry, industrial machinery and for the
Indian Railways.

- 33,05,147 Bonus shares allotted in August, (prop. 2:5) 40,16,000
rights shares then issued (prem. Rs 30 per share; prop. 1:3). Another
2,00,800 shares offered (prem. Rs 350 per share) to the employees
(including working directors)/workers on equitable basis (only 50,397
shares taken up).

1988

- During the period the company, installed a new sinter plant with a
capacity of 1.3 million tonnes per annum, a new coke over battery with
stamp charging facilities, a raw material bedding a blending yard, a
high speed bar and rod mill with a capacity of 3,00,000 tonnes per
annum and facilities to augment captive power generation by 60 MW.

- 75 No. of equity shares out of the rights issue made on August 1987,
allotted to employees on 31.8.1988.

- The Company made large scale utilisation of blue dust, normally
considered a waste material, in sinter making in the steel industry.

- In July, letter of intent was received for the manufacture of 0.30
million tonnes per annum of ordinary portland cement at Nipania/Sonadih
in the Raipur district of M.P and 1.43 million tonnes per annum of
Portland Blast furnace slag cement at Jamshedpur. Technical
consultancy agreements in respect of this project were signed with
Holtech India and Holderbank (HMC), Switzerland.

1989

- During the period, civil work commenced on major production and
supporting facilities such as hot strip mill with a capacity of 1
million tonnes per annum, a blast furnance and an energy optimising
furnace.

- The profits were affected by erratic power supply, escalation in
input costs and heavy interest charges payable on convertible
debentures.

- During the year, the company issued two series of debentures for a
total value of Rs.565 crores. In the Ist series 34,16,667 - 12% fully
convertible debentures of Rs.600 each for a total value of Rs. 205
crores were offered as follows:

- (i) 32,54,167 debentures to the equity shareholders of the Company on
rights basis in the ratio of 1 debenture for every 5 equity shares held
(all were taken up).

- Additional 4,80,403 debentures were allotted to retain over
subscription and

- (ii) 1,62,500 debentures to the employees/workers of the Company
(none were taken up).

- Each debenture of Rs 600 would be automatically and compulsorily
converted into 1 equity share of Rs 100 at a premium of Rs 500 per
share as on 1st February, 1990.

- Another 7,722 debentures reserved for allotment to shareholders who
were unable to subscribe for genuine reasons (of these 4,722 allotment
to financial institutions and 3,000 reserved for allotment to
shareholders).

- In IInd series, the company offered 30,00,000 partly convertible
debentures of Rs.1,200 each along with 4,50,000 debentures permitted to
be retained as over subscription.

- Of these the following debentures were reserved for allotment on a
preferential basis:

- (i) 7,50,000 debentures along with 1,12,500 debentures permitted to
be retained as oversubscription to shareholders of the Company (all
were taken up);

- (ii) 1,25,000 debentures along with 18,750 debentures as over
subscription to employees (only 7,885 debentures taken up);

- (iii) 2,91,667 debentures along with permitted retention of 43,750
debentures to IFCW (only 2,91,667 debentures taken up) and

- (iv) 10,00,000 debentures to Tata Companies along with permitted
retention of 1,50,000 debentures (only 10,08,325 debentures taken up).

- The balance 8,33,333 debentures along with permitted retention of
1,25,000 debentures were issued to the public through a prospectus. In
addition, unsubscribed portion of the preferential quota adding upto
3,21,290 debentures were also issued to the public (all were taken up).

- A portion of Rs 600 of each debenture was automatically and
compulsorily converted into 1 equity share of Rs 100 of the Company at
a premium of Rs. 500 per share on 1st February 1990. The
non-convertible portion of Rs 600 of each debenture would be redeemed
at par on the expiry of 8 years from the date of allotment of
debentures.

- Severe shortages and wide fluctations in the power supply from the
DVC coupled with increased requirements of power with the commissioning
of various units under modernisation programme Phase II affected the
operations of the finishing mills.

1990

- In November, the 80-tonne energy optimising furnace set up with Korf
Technology was commissioned.

1991

- During the year Company acquired a 100% export-oriented ferro-chrome
manufacturing unit of OMC Alloys Ltd. from the Orissa State Government
at a total cost of 156 crores. It is located at Bammpal, Orissa, and
has a capacity to produce 50,000 tonnes per annum of ferro-chrome.

- The decentralisation of imports and the dismantling of State
machinery in the said area enabled the Company to make a foray into the
inward trading of steel and steel-related products through the
formation of a new 'Agency department.'

1992

- During March, the new 500 t.p.d oxygen plant was commissioned. In
November the new one million tonne capacity 'G' blast furnace was
commissioned.

- During the year company privately placed with UTI, LIC, Army Group
Insurance Fund and GIC and its subsidiaries 17.5% non-convertible
debentures worth Rs.185 crores. These debentures are redeemable at a
premium of 5% at the end of 7 years from the date of allotment of the
debentures.

- During June/July, the company issued 4 to 7 years Secured Premium
Notes of Rs.300 each as follows: (i) 110,00,000 SPN of Rs 300 each to
the shareholders on the basis of a minimum number of SPNs to each
shareholders; (ii) 5,50,000 SPN of Rs 300 each to employees'/workers of
the Company on the basis of 5 SPNs to each employee and (iii)
115,50,000 warrants for subscribing against payment in cash to one
share per SPNs of Rs. 10 each at a premium of Rs 70 per share
exercisable between one and a half years from the date of allotment of
SPNs (all the offered SPNs were taken up).

- The principal amount of SPNs of Rs 300 each was to be repaid in 4
equal annual instalments of Rs 75 each from the end of 4th year to the
end of the 7th year together with an equivalent additional amount of Rs
75 with each installment.

- 920,54,616 rights shares issued (prop. 2:5; prem. Rs 70) in June,
Another 46,02,731 shares allotted to employees, etc. (prem. Rs 70 per
share).

- Each warrant holder was entitled to be allotted 1 oridinary share of
Rs 10 each at a premium of Rs 70 per share, exercisable in the period
of one and half years from the date of allotment.

1993

- During March, some of the facilities forming part of the one million
tonne per annum strip mill under the modernisation programme. During
the later half of the year, the one million tonne per annum hot strip
mill was commissioned. Both the cement units at Sonadih and Jojobera
were commissioned during the year. The cement grinding unit at
Jojobera was commisioned.

- On 5th November, 27,72,230 equity shares of Rs. 80 each were allotted
per detachable warrant issued by the company to the holders of SPN.
Another 15,96,202 ordinary shares of Rs.80 each allotted on exercise of
right under detachable warrants.

- During the third phase, another 67,92,645 shares were allotted on
exercise of warrants. For the balance of 3,88,923 detachable warrants
for which option had not been exercised, the option was deemed to
lapsed except in respect of approx. 12,570 warrants applicable to
matters which are in dispute and for which the option is deemed to be
kept alive till the settlement of disputes.

- The principal amount of SPN of Rs 300 each is repayable in 4 equal
installments of Rs 75 each from the end of the 4th year to the end of
7th year, together with an equivalent additional amount of Rs 75 with
each installment.

- The Additional payment of Rs 75 per SPN every year, was to be made up
of interest of Rs 30 and Rs 15 and redemption premium of Rs 45 and Rs
60 in the 6th and 7th year respectively.

- During the year the company offered 2.25% convertible bonds due 1999
convertible into Global Depository Receipts. The bonds of the
aggregate value of US $ 1000,00,000 was to be converted into GDRs
representing shares at the option of the bondholders at the conversion
price of Rs.291 per GDR from 1st April 1994 to 2nd March 1999.

- 1,88,650 No. of Equity shares underlying the issue of Global
Depository Receipts arising upon exercise of option attached to 21.25%
convertible bonds were issued. Upto March 31, 1998 bonds worth US $
19,04,000 were converted into ordinary shares of the company.

1994

- During this period, operations in cement grinding at Jojobera were
adversely affected by inadequate availability of rakes for clinker
movement and certain mechanical problem.

- During Feb. the company issued 2 1/4 convertible bonds due 1999
convetible into Global depositing remple representing one ordinary
shares of Rs.10 each at an initial conversion rate of Rs.291 per share.
Each bond is in the denomination of US $ 1000.

- The bonds are redeemable at the option of the company: (i) in whole
but not in part at their principal amount together with accrued
interest if conversion rights shall have been exercised in respect of
95% or (ii) at any time on or after 1st April 1996, in whole or in part
at their principal amount together with accrued interest.

- On 24th May the company allotted 3,00,00,000 naked warrants on
preferential basis to the Tata Companies and associated entities.

1995

- The company was implementing expansion of the Hot Strip Mill to two
million tonnes per annum and increasing the saleable steel capacity to
3.20 million tonne per annum. The company proposed to install a bar
and rod mill of 5,00,000 tonnes per annum capacity and put up a
facility to produce forging quality Rounds/Squares.

- During the year company had locate a new steel plant a cold rolling
unit at Gopalpur, Orissa with an installed capacity of 1.1 million
tonnes per annum.

- During the year central govt. had reduced the area under mining lease
at Sukinda to 406 hectors from 1261 hectares. The company had
preferred appeals against the decision of the Orissa High Court and the
Supreme Court. However, the Supreme Court had dismissed the company's
appeals and upheld the judgment of Orissa High Court and the decision
of Central Government.

- 30,018,246 No. of Equity shares allotted to Tata Sons Ltd. and their
associate Companies on exercise of warrants held by them.

1996

- Production at the hot strip mill at 1.04 million tonnes exceeded its
rated capacity and as a measure of cost reduction, coal tar injection
was introduced in 'A' and 'B' blast furnaces.

- 15,517 shares allotted on exercise of warrants of SPN.

1997

- The second Slab Reheating Furnace, Phase IV, was commissioned on 31st
December. The new Coke Oven Battery No.8 with a capacity of 0.5
million tonnes per annum, was lit up on 24th March, 1998.

- On the 16th June, the Company opened a new 260 metre two-lane dual
carriage bridge named after Jaiprakash Narain. The new bridge provides
a relief to residents and industries in Jamshedpur industrial area
which for the past 3 decades had to depend on the National highway
which had all along been congested.

- The company also built up a transport park to accommodate 425 trucks
and trailors with facilities for the stay and comfort of the drivers to
avoid pollution the company built a mini forest there to screen it off
from the surrounding areas and thereby maintaining the greening of the
city.

- The company has provided new facilities like 'Jeevan Jyoti clinics'
in the slum oriented area of Bagan in Jamshedpur. Also a special
Family life and value education programmes were launched in Patna.

- Tata Steel's international trading division was awarded the
prestigious ISO-9002 certification by the Indian Register Quality
Systems (IRQS).

- Tata Steel has bagged the Prime Minister's trophy for the best
performing integrated steel plant for 1994-95.

- Tata Steel won 53 prizes on the final day of the 34th annual mines
safety week celebrations at Meghataburu in West Singhbhum district. It
also won seven prizes in different categories at the annual mines
safety week celebration of Karnataka region.

- Tata Iron and Steel Company (Tisco) has entered into technical
tie-ups with two German companies - Lurgi Metallurgie and Thyssen.

- Tata Iron & Steel Company (Tisco) and Inland Steel Industries Inc of
the US have joined hands to float a 50:50 joint venture company called
Tata Ryerson Ltd to supply processed steel directly to end-users.

- Tata Sons chairman Ratan N Tata and Inland Steel chairman, president
and CEO, Inland Steel Robert J Darnall signed the joint venture
agreement.

- The Tata Iron and Steel company has entered into an agreement with
the National Securities Depository Ltd., for dematerialising its
shares. With this, Tisco has become the first Tata group company to
enter the depository.

- Tinplate's recently commissioned cold rolling mill will face serious
competition from Tisco's proposed CRM.

- Tata Steel, the country's largest steelmaker, has taken over the
operations of a slag granulation plant of ACC, India's largest cement
manufacturer.

- The steel Authority of India Limited and consultants Inc of the US
have signed an agreement for jointly providing technical consultancy to
the TISCO.

1998

- During the year it was proposed to set up a cold rolling mill at the
company's works in Jamshedpur to add value to current product mix-up.
Letters of intent for most of the major equipment, foreign and
indigenous were placed. Nippon Steel were appointed as technology
consultants for the project.

- Tata Iron and Steel Company Ltd has entered into an agreement with
the city-based Internet company Vedika Software Ltd. According to the
terms of the agreement, India On Internet developed by Vedika will host
Tisco on the Internet.

- Tata Iron & Steel Co became the world's largest producer of
stamp-charged coke on 24th March.

- As of March 31, 1998, 7,37,99,584 ordinary shares of the company have
been dematerialised.

- Tisco is acquiring the cold rolled steel unit of Rs 776 crore Tata
SSL Ltd in Tarapur, Maharashtra.

1999

- Tata Steel has achieved a record performance in all areas of
production for the first nine months (April to December 1998-99) of the
current financial year, despite the gloomy scenario in the steel
sector.

- The annual general meeting (AGM) of Tata Steel shareholders today
accorded its approval to the board to issue and offer cumulative
redeemable preference shares of the face value of Rs 100 each for an
aggregate value not exceeding Rs 250 crore in one or more tranches.

- Tata Iron & Steel Company (Tisco) is evaluating a possible
acquisition of the ferro chrome and chrome conversion plant promoted by
state-owned Industrial Development Corporation of Orissa Ltd (IDCOL).

2000

- Tata Steel is in talks with Usinor of France, one of the world's
largest steel manufacturers, to jointly bid for Steel Authority of
India's (SAIL) Salem Steel Plant.

- The Tata Iron and Steel Company (Tisco) has introduced a pilot
freight rationalisation project in the eastern region in line with the
recommendations of global consultants Booz Allen.

- Tata Steel has been awarded the All-India Trophy for Top Exporters in
the category of Manufacturing Units.

- The Company is expanding into chrome ore and ferro chrome production
as an area of growth and plans to produce 2,00,000 tonnes of high
carbon ferro chrome during 2000-01.

- Tata Steel, the flagship of the Tata group, has entered into an
understanding with Tata International to export 30 per cent of the
production at the steel major's new 1.2 million tonne cold rolling in
Jamshedpur.

- The Steel Division of the Tata Iron and Steel Company Ltd. (Tata
steel) has won the 'JRD QV Award' for 2000, the highest recognition of
total quality within the Tata Group.

- Tata Steel has tied up with the POSCO-Hyundai steel processing
venture located in Chennai for getting its cold rolled coils processed.

- The Company has incorporated the first phase of mySAP.com, the
collaborative Internet business model, to strengthen customer
relationship.

- Tata Steel commissioned its fifth stamp charged coke oven battery at
its coke plant-2.

- Private sector steel majors Tisco, Kalyani Steel and the public
sector Steel Authority of India are all set to form a three-way joint
venture for undertaking e-commerce activities in the steel sector.

- IBM India and Tata Steel have signed an IT agreement by which Tata
Steel will outsource its IT requirements from IBM India.

- Stewarts and Lloyds of India Ltd. a subsidiary of Tata Steel, has set
up a propane handling/bottling plant for Tata Steel at Jamshedpur on
build, own, operate and transfer basis.

- The Company has informed that, Steel Authority of India, Tata Steel
and Kalyani Steel have signed MoU for creation of Internet based,
global, independent B2B steel marketplace.

- Tata Steel has bagged the Prime Minister's trophy for the best
performing steel plant for the year 1998-99.

- Tata Steel bagged the coveted CII-Exim Bank award for Business
Excellence for 2000.

- Tata Steel has launched its latest branded steel product -- Tata
Tiscon - a speciality construction grade steel which will be available
in the retail market.

- Credit Rating and Investment Services of India Ltd. has placed the Rs
26.42 crore non-convertible debenture programme of the company on a
rating watch with positive implications.

2001

- Tata Iron and Steel Company Ltd. is the recipient of National Award
for Excellence in Corporate Governance for the year 2000.

- Tata SSL has become a subsidiary of Tata Iron and Steel Company,
following a successful open offer to the shareholders of TSSL.

- Tata Steel has emerged as the world's leading steel maker in a study
carried out by World Steel Dynamics (WSD). The company has been ranked
at the top among 12 companies WSD has identified as world class steel
makers, Dr J.J. Irani, Managing Director, Tata Steel said at a news
conference on July 18.

- Tata Steel is setting up a joint venture with IQ Martrade Holding Und
Management of Germany to facilitate efficient handling of cargoes and
provide the full gamut of port management at various ports in India.

- Tata Steel has increased its price of hot rolled (HR) and cold rolled
(CR) galvanised products by Rs 500 per tonne with effect from October 1

2002

- TATA Steel's Noamundi Iron Mine (NIM) has been given away the Indira Priyadarshini Vrikshamitra Award 2000 instituted by the National Afforestation & Eco-Development Board under the Union Ministry of Environment and Forests. NIM is one of the biggest and fully mechanised iron ores in the newly formed State of Jharkhand. NIM is supplying high-grade iron ore to Tata Steel's Jamshedpur plant. NIM was incorporated in 1925.

-Tata Iron & Steel Company Ltd has informed BSE that Mr S A Sabavala has resigned from the Board of the Company w e f October 01, 2002.

-Tata Iron and Steel Company Ltd has informed that on his demise on October 28, 2002, Mr Mantosh Sondhi has ceased to be a Director of the company.


2003
-Tata Iron & Steel co. Ltd. entered in to a power distribution business. Tisco has began distributing power in Jamshedpur.

-Tisco gets lenders proposal to acquire Neelachal Ispat Nigam Limited (NINL)

-Tata Steel signed an agreement with its consortium partners for setting up its titania project in Tamil Nadu.

-Tata Steel has been awarded Engineering Export Promotion Council National Award for outstanding export performance for the year 2000-2001, sponsored by ministry of commerce, govt of India.

-Tata Steel's mines division as well as its ferro alloys & mineral division (FAMD) have bagged 24 awards in group events and 21 in individual events in the different categories of safety competitions

-The Tatas have appointed Rajeev Dubey, who had to quit as managing director of agrochemical major Rallis India following heavy losses during the last financial year, as advisor to Tata Steel managing director B Muthuraman.

-Tata Steel records good performance on advance tax payment talks

-Praxair, the Bangalore-based industrial gases supplier, has bagged an order from Tata Steel for setting up a facility for on-site supply of oxygen, nitrogen and argon. The company would build an air separation plant with control systems adjacent to Tata Steel's works at Jamshedpur.

2004

-Tata Steel April-Dec output of crude & saleable steel over 3 million tonnes

-Tata Steel gets Petroleum Conservation Research Association award for energy conservation

-Tata Steel breaks JV with Veolia Water

-Swosti group takes over Tisco property at Gopalpur

--Metaljunction (MJ)- the online trading and procurement joint venture of Tata Steel and Steel Authority of India (SAIL)- has roped in UTI Bank to start off own equipment for Tata Steel.

-The flat products division of Tata Iron & Steel Company Ltd (Tisco) was awarded the ISO/TS 16949 certification on March 30

-Jamshedpur Utility and Services Company (Jusco), a wholly owned subsidiary of Tata Steel, has tied up with Canadian Minnaean Building Solutions for using its patent on high gauge steel-based housing and construction

-Tata Steel's Ferro Alloys & Minerals Division (FAMD) and Bearing Division received the CII award for 'Significant Improvement in Productivity' for 2003-2004.

-Solid Energy, New Zealand's largest producer, distributor and exporter of coal, will be supplying high quality coking coal to Tata Steel. Solid Energy recently signed a three-year contract with Tata Steel for supplying high-grade coking coal

-Tata Iron and Steel Company Ltd (Tisco) have signed a barter agreement with one of China's top trading companies to exchange its iron ore for coke

- Tata Steel ranked among global companies in the world's most respected companies survey, 2003 for corporate social responsibility

-Tata Steel's Sukinda Chromite Mine in Orissa has been conferred the SA: 8000:2001 certification conferred by the Social Accountability International (SAI), USA.

-R&D team conferred the 'Technology Day Meritorious Invention Award' by the National Research & Development Corp (NRDC)

-Tata Steel launched 'Wiron', a branded galvanised wire, aiming at a sales target of three lakh tonnes

-Tata Steel, country's largest integrated steel producer in private sector announced a partnership with SAP India for offering business software solutions for the industry

-Tata Iron & Steel Company Ltd has informed that with effect from August 01, 2004, Mr Koushik Chatterjee has been appointed as Vice President Finance

-Tata Steel buys Singapores NatSteel

-Tata Steel and Larsen & Toubro (L&T) signs definitive agreement to form a 50:50 joint venture for setting up a port at Dhamra in Orissa on October 29, 2004.

2005

-Tata Iron and Steel Company Ltd signs Joint Venture Agreements with Iranian Mines and Mining Industries Development and Renovation Organization to join them in proposed steel-making projects and mining operations in Iran.

-Tata Steel has signed a memorandum of understanding with Nippon Steel Corporation of Japan for its proposed 6 million tonne per annum steel plant in Kalinganagar, in Jajpur district of Orissa

-Hoogly Met Coke and Power Co Ltd, a joint venture between Tata Steel and West Bengal Industrial Development Corporation, has been allotted 180 acres of land for its proposed metallurgical coke and power plant project at Haldia.

-Tata Steel sets up steel retail store Steeljunction

2006

-Tata steel sets up Jiggling and hydro-cyclone plant

-Tisco establishes processing unit at Noamundi mine

-Tata Steel signs JV Agreement with Tata Power to set up captive power plants.

2007

-Tata Steel enters into Share Purchase Agreement with Rawmet Ferrous Industries.

-Tata Steel completes 6.2bn acquisition of Corus Group plc.

- Tata Steel signs MOU with Vietnam Steel Corporation for the proposed steel project in Ha Tinh province in Vietnam.

-On August 03, 2007, the Tata Steel Ltd and Riversdale Mining Ltd. have entered into a Memorandum of Understanding, whereby the Company will become a strategic investor in Riversdale's Mozambique Coal Project, by acquiring 35% stake in it for a sum of A$ 100 million.

-Tata Steel Ltd has informed that Riversdale Mining Ltd and the Company have signed an agreement to establish a special purpose joint venture vehicle to develop a hard coking and thermal coal project at key coal exploration tenements held by Riversdale in Mozambique.

-Tata Steel Ltd and SODEMI sign a Joint Venture Agreement for Mount Nimba Iron Ore deposits in Ivory Coast, West Africa.

-The company has issued rights in the ratio of 1:5 at a premium of Rs. 290/- Per Share.

2008
- Tata Steel gets the Best Establishment Award by the President of India, Mrs. Patibha Patil
- Tata Steel has signed a contract with CMI FPE Ltd for supply of 6 High reversing cold mill to set up a 200,000 MT p.a. TMBP CRM#2 project in TCIL. Tinplate Company of India Limited (TCIL) in association with Tata Steel is set to double the production capacity of tinplate. TCIL has recently started operations of a 200,000 MT p.a. second tinning line and Tata Steel will supply the input required for the tinning line through its CRM#2 project.

-Tata Steel has concluded an alliance pact with the Al Bahja Group of Oman for the development of the Uyun limestone deposits at Salalah in the Sultanate of Oman.

2009

- Tata Steel, through its subsidiary, Tata Steel Global Minerals Holdings has entered into Joint Venture Agreement on 6th November 2009 with New Millennium Capital Corp.

- Tata Steel wins Golden Peacock Award for Corporate Social Responsibility
-Tata Steel - Corus signs Share Purchase Agreement with Klesch for sale of aluminium smelters
-Tata Steel - Corus signs MoU on Teesside sale with Marcegaglia and Dongkuk
-Tata Steel enters into Joint Venture Agreement with New Millennium, Canada

The Company was originally incorporated as 'The Tata Iron and Steel Company Limited' on August 26, 1907 as a public limited company, under the provisions of the Indian Companies Act, 1882. The Company was established by Jamsetji N. Tata, the founder of the Tata companies and today is one of the flagship Tata companies. Pursuant to a resolution of the Board of Directors dated May 19, 2005 and of the shareholders of the Company dated July 27,
2005, the name of the Company was changed to 'Tata Steel Limited' with effect from August 12, 2005. The Registered Office of the Company is situated at Bombay House, 24 Homi Mody Street, Fort, Mumbai 400 001.

There has been no change in the Registered Office of the Company.

The Company manufactures a diversified portfolio of steel products, with a product range that includes flat products and long products, as well as some non-steel products such as ferro alloys and minerals, tubes and bearings. The Company, through its Indian operations, is a large manufacturer of ferro chrome and steel wires in India and a supplier of chrome ore internationally. The Companys main markets include the Indian construction, automotive
and general engineering industries. The Companys main facilities have been historically concentrated around the Indian city of Jamshedpur (Jharkhand), where the Company operates a 6.8 mtpa crude steel production plant and a variety of finishing plants close to the iron ore and coal reserves. The Company proposes to increase the crude steel production of the Jamshedpur plant by 2.9 mtpa to 9.7 mtpa. The Companys bearing division is located at
Kharagpur (West Bengal), ferro manganese plant is located in Joda (Orissa), charge chrome plant is located in Bamnipal (Orissa), cold rolling complex is located in Tarapur (Maharashtra) and wire division is located at Tarapur (Maharashtra), Bangalore (Karnataka), and Indore (Madhya Pradesh). The Company also has iron ore and coal mines, collieries and quarries in the states of Jharkhand, Orissa and Karnataka.

In February 2005, the Company acquired the steel-related businesses of NatSteel Asia, with facilities located in Singapore, China, Malaysia, Vietnam, the Philippines, Thailand and Australia. In March 2006 the Company also acquired a 25.0% interest in Millennium Steel, the largest steel producer in Thailand, and in April 2006 a further 42.1% interest, for a total interest of 67.1% in Millenium Steel, (now known as Tata Steel (Thailand) Public Company Limited). On April 2, 2007 the Company acquired Corus Group Limited, with key production facilities
located in the United Kingdom and the Netherlands. The acquisition was implemented by Tata Steel UK Holdings Limited which is a wholly owned subsidiary of Tata Steel Europe Limited, formerly known as Tulip UK Holdings (No. 1) Limited. In April 2009, Hoogly Metcoke & Power Company Limited, which was earlier a subsidiary of the Company was merged with the Company.

The Equity Shares of the Company were first listed on the BSE in 1937 as per records available with the Company and previously were also listed with the Native Share and Stock Brokers Association Limited (the predecessor of the BSE). The Companys Equity Shares were listed on the NSE on November 18, 1998. The Companys Equity Shares were delisted from the Calcutta Stock Exchange Association Limited ('CSE') with effect from May 30,
2008. 3,867 Global Depository Receipts issued by the Company are listed on the Luxembourg Stock Exchange and 5,753,386 Global Depository Receipts issued by the Company are listed on the London Stock Exchange. Convertible Alternative Reference Securities ('CARS') issued by the Company are listed on the Singapore Stock Exchange. The Convertible Bonds issued by the Company are listed on the Singapore Exchange Securities Trading Limited.

The Company has entered into a Brand Equity and Business Promotion Agreement with the Promoter dated December 18, 1998 for the use of the 'Tata' name.

The Company is not operating under any injunction or restraining order.

Milestones achieved by the Company since incorporation are mentioned below:

Year Event
1910
Tata Steel obtains its first colliery.

1912
a) First ingot rolls out.
b) Bar mills commence operations.
c) Introduction of 8 hour working day.

1938
Introduction of electric process for making steel which was employed for production of high grade iron
and steel casting.

1972-1973
Coal fine washeries were set up for the first time in Jamadoba and West Bokaro.

1980-1996
Modernisation programme of the Jamshedpur steel works was initiated in four phases during this period.

2000
a) Cold rolling mill set up at Jamshedpur. The mill was completed in a record time of 26 months.
b) Creation of B2B portal called metaljunction.com in collaboration with SAIL and Kalyani Steel.

2001
World Steel Dynamics ranks Tata Steel as 'Indias only World-class steel maker'

2003
a) The Company launches its first branded cold rolled steel product called 'Tata Steelium'
d) The Company celebrates 75 years of industrial harmony.

2004
a) The Companys biggest blast furnace completes production of 14 million tones of hot metal which is
the highest production achieved by a blast furnace in India in its first campaign.
b) The Company files a corporate sustainability report where the Company was rated as Indias 'Top
Reporter' by United Nations Environment Program and Standard and Poors.

2005
a) The Company acquires NatSteel Asia in Singapore.
b) The Company launches 'Steel Junction' which is Indias first organized retail store for steel
products.
c) The Company is ranked as the 'Worlds Best Steel Maker' by World Steel Dynamics.


2006-2007
a) The Companys steel works at Jamshedpur crosses 5 million tonne mark in crude steel production.
b) The Company is ranked again as the 'Worlds Best Steel Maker' by World Steel Dynamics.
c) The Company acquires Corus, which makes the Company the sixth largest steel maker in terms of
actual crude steel production.
d) The Company was conferred the Prime Minister of Indias Trophy for the 'Best Integrated Steel
Plant'

2008-2009
a) 1.8 mtpa capacity expansion at Jamshedpur becomes operational, bringing total crude steel
production capacity to 6.8 mtpa.
b) Prime Minister Dr. Manmohan Singh unveiled the centenary postage stamp to commemorate the
Companys centenary year.
c) The Company was conferred the Best Establishment Award by the President of India.
d) The Company was awarded the Demining Application Prize.
e) The Company was awarded the TERI Corporate Award for its HIV/ AIDS initiative. .

2009-2010
a) The Company issued Global Depository Receipts worth US$ 500 million.
b) The Company was awarded the CSR Excellence Award 2010 by the Associated Chambers of
Commerce and Industry.
c) The Company was awarded the FE-EVI Green Business Leadership Award in the iron and steel
category.
d) The Company was awarded 'Asias Best Employer Brand Awards, 2010' for talent management,
best human resource strategy in line with business, excellence in training, CEO with human resource
orientation and human resource leadership.
e) The Company was awarded the Rashtriya Khel Protsahan Puruskar award for outstanding
contribution in the field of sports in the category of Financial Support for Sports Excellence.


Achievements

Some of the key achievements/awards received in Financial Year 2010 are as follows:

1. The Company was awarded the Economic Times Company of the Year Award.

2. The Company was conferred the 'Indian Most Admired Knowledge Enterprise' award for sustained
excellence in field of knowledge management.

3. In 2010, one of the Companys employee was awarded the Prime Ministers Shram awards for years 2005
to 2007.

4. Tubes Division of the Company won the 16th JRD QV Award.


5. Corporate Social Responsibility Excellence Award to the Company by Associated Chambers of Commerce
& Industry of India.
 
Subscribe now to get personal finance updates in your inbox!