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Type	Public (BSE: 500470)
Founded	1907
Headquarters	Mumbai, India
Key people	Ratan Tata, Chairman B Muthuraman, Managing Director
Industry	Steel
Products	Hot and cold rolled coils and sheets Wire and rods Construction bars Pipes Structurals and forging quality steel
Revenue	Rs.274 billion or $6.89 billion (converted on 3rd Oct 2007) BSE India
Slogan	Redefining the power of people
Website	http://www.tatasteel.com/

Tata Steel, formerly known as TISCO (Tata Iron and Steel Company Limited), is a steel company based in Mumbai, India. It is part of Tata Group of companies.

Its main plant is located in Jamshedpur, Jharkhand, though with its recent acquisitions, the company has become a multinational with operations in various countries. The registered office of Tata Steel is in Mumbai. In the year 2000, the company was recognised as the world's lowest-cost producer of steel. The company was also recognised as the world's best steel producer by World Steel Dynamics in 2005. The company is listed on BSE and NSE.

Contents 1 Management 2 History 3 Capacity Expansion 4 Environment 5 Production 6 Corus takeover 7 References

Ratan Tata is the Chairman and B. Muthuraman is the Managing Director of the company. Dr. Tridibesh Mukherjee and Mr. Arun Singh are Deputy Managing Directors of the company

Tata Steel is a limited company registered in India under the Companies Act, 1956.

Tata Steel was established by Indian Parsi businessman Jamshedji Tata in 1907 (he died in 1904, before the project was completed). Tata Steel introduced an 8-hour work day as early as in 1912 when only a 12-hour work day was the legal requirement in Britain. It introduced leave-with-pay in 1920, a practice that became legally binding upon employers in India only in 1945. Similarly, Tata Steel started a Provident Fund for its employees as early as in 1920, which became a law for all employers under the Provident Fund Act only in 1952. Tata Steel's furnaces have never been disrupted on account of a labour strike and this is an enviable record of sorts.

Tata Steel has set an ambitious target to add 50 million tonne per annum capacity by 2015.

• Overseas acquisitions have already added up to 21.4 million tonne, which includes Corus production at 18.2 million tonne, Natsteel production at two million tonne and Millennium Steel production at 1.2 million tonne. Tata is looking to add another 29 million tonnes through the acquisition route.

• Tata Steel has lined up a series of greenfield projects in India and outside which includes

1. 6 million tonne plant in Orissa
2. 12 million tonne in Jharkhand
3. 5 million tonne in Chhattisgarh
4. 3-million tonne plant in Iran
5. 2.4-million tonne plant in Bangladesh
6. 5 million tonne capacity expansion at Jamshedpur
7. 4.5 million tonne plant in Vietnam (feasibility studies underway)

The company is facing increasing criticism that the drive for growth and profits is completely overshadowing its once famed philanthropy and causing lasting social and environmental damage at various locations.^[1] In response, Tata cites its programs for environment and resource conservation, including a reduction in greenhouse erosion, raw materials and water consumption. The company has increased waste re-use and re-cycling, and reclaims land at its captive mines and collieries through forestation. Mr. R. P. Sharma, Tata Steel's chief, environment and occupational health, says, "Our capital investment in pollution-abatement solutions was in the vicinity of Rs 400 crore in 2003-04."^[2].

For example, mining operations have failed to employ available cost-effective measures to protect Orissa's rivers and the people of Sukinda, Orissa from extremely hazardous wastes from chromite mining: hexavalent chromium is very toxic and mutagenic when inhaled^[3][4]. However, Tata Steel asserts that its chromite mines at Sukinda are environment-friendly, with the most modern effluent treatment plants that remove the hazardous hexavalent chromium from the chromite ore^[5]. Also, environmentalists have said Tata's plan to construct a new "megaport" at Dhamra^[6] on the eastern coast of Orissa will damage the habitat of the endangered Olive Ridley sea turtles which breed on nearby beaches of the Gahirmatha Marine Wildlife Sanctuary. This sanctuary is one of very few such sites in the world and each year more than 100,000 Olive Ridley turtles come here to nest. However, Dhamra Port Company's web site says the turtle breeding grounds, some 34 kms distant, are not endangered by the proposed port^[7].

In 2000, Tata Steel allegedly bulldozed a spring that was the only source of water for the indigenous people of Agaria Tola – a 22-household hamlet on theperiphery of Tata’s coal mines. Besides yielding water, the spring was the centre of social interaction for the nearby villagers.

Luxury Resort in Tiger Country: In the mid-1990s, the Tata-owned Taj Group of Hotels leased a piece of land in the middle of the Nagarahole National Park and Tiger Reserve in Karnataka to build the Gateway Tusker Lodge. Proposed as a jungle camp, the plans for the Lodge resembled those of a 5-star resort complete with tourist facilities, diesel generators, and conference rooms. No clearance was sought from the Ministry of Environment, despite the fact that any activity inside a National Park is very stringently regulated. Massive tribal opposition to the project and a legal challenge eventually forced the Tatas to withdraw from the Tiger’s hunting grounds.

Business with Military Junta: Tata Motors is striking deals to supply the oppressive Myanmar military government, shunned by much of the world for myriad human rights violations, with hardware and automobiles. Thie is despite the recent military crackdown on protesters in Burma and when several multinationals like PepsiCo have pulled out of Myanmar in a bid to pressure the military government to give way to democratic forces.

Tata Steel annually produces 9 million tonnes of steel. It produced a record-breaking 5.0 million tonnes of salable steel in its Jamshedpur works in 2006-07.

The company's gross revenue in that financial reporting year was Rs. 20196.24 crores. Its PBT was Rs.6261.65 crores and PAT was Rs.4222.15 crores in the same year.

• On October 20, 2006, Tata Steel announced that it had agreed to pick up a 100% stake in the Anglo-Dutch steel maker Corus Group at 455 p. per share in an all cash deal, cumulatively valued at GBP 4.3 billion (USD 8.04 billion).

• On November 19 2006, the Brazilian steel company CSN launched a counter offer for Corus at 475 pence per share, valuing it at $8.4 billion.

• On December 11 2006, Tata preemptively upped the offer to 500 pence, which was within hours trumped by CSN's offer of 515 pence per share, valuing the deal at $ 9.6 Billion. The Corus board promptly recommended both the revised offers to its shareholders.

• On January 31 2007 Tata Steel won their bid for Corus after offering 608p per share, valuing Corus at £6.7 bn ($11.3bn); as a result and pending acceptance and completion of the takeover, the joining of the two will create the fifth largest steel company in the world.