Tata Steel

Tata Steel is an Indian mining company with headquarters in Mumbai. The company is listed on the financial index BSE Sensex. Tata Steel was established in 1907. The company produces steel of different grades.

Tata Steel produces about 9 million tons of steel per year (as of 2005). The main steel plant is located in Jamshedpur in the state of Jharkhand. With recent acquisitions, the company has become an international company with projects in several countries. On January 2, 2006, police opened fire on the indigenous people who were protesting against the construction of a Tata steel plant to their home country at Kalinganagar ( Jajpur district of coastal Odisha, India). In this incident, 13 protesters and one policeman lost their lives. (PDF file, 67 kB) Managing Director of Tata Steel is Ratan Tata.

History

Tata Steel, formerly under the name of TISCO ( Tata Iron and Steel ), is the second largest steel producer in India. The company was founded in 1907. In August 2004, Tata Steel acquired the company NatSteel from Singapore, which also has two steel mills in China. In 2005 the company acquired the steel company Millennium Steel PCL from Thailand.

In 2007, Tata Steel acquired the Anglo-Dutch steel company Corus (formerly British Steel merged with Koninklijke Hoogovens ) for 6.2 billion pounds ( $ 12 billion ). This made it the fifth largest steel company in the world.