Tata Steel Limited, with revenues of US$ 20.41 billion in FY18, is a leading global steel company with an annual steel production capacity of 33 MnTPA.
Established in Jamshedpur (India) in 1907, the company took shape from the vision of founder Jamsetji N. Tata and is today one of the world's most geographically-diversified steel producers with operations and commercial presence across the world. Tata Steel Group is spread across five continents with an employee base of over 65,000.
Focusing on Innovation, Technology, Sustainability & People, the Company strives to be the global steel industry benchmark for value creation and corporate citizenship and become the most admired brand in metals and minerals space.
In 2018, the Company successfully completed the acquisition of controlling stake of 72.65% in Bhushan Steel Limited now named Tata Steel BSL Limited. Currently, Tata Steel's consolidated India crude steel production capacity stands at 18.6 MnTPA with manufacturing facilities in Jamshedpur in Jharkhand, Kalinganagar and Dhenkanal in Odisha, Sahibabad in Uttar Pradesh and Khopoli in Maharashtra. Recently, Tata Steel has commenced the phase 2 expansion of its Kalinganagar steel plant to 8 MnTPA.
In addition, the Company has several downstream product extensions with manufacturing facilities for Wires, Tubes, Bearings, Agriculture Equipment and Industrial By-products. It also has a Ferro-alloys and Minerals division and a heavy-duty engineering and fabrication unit, Tata Growth Shop.
Tata Steel successfully delivered 11 MnTPA of steel to the Indian market and 1.15 MnTPA to International market in FY18.
In India, Tata Steel operates an end-to-end value chain that extends from mining to finished steel goods, catering to an array of market segments such as automotive, construction, general engineering etc.
The Company possesses and operates captive mines that ensure cost-competitiveness and production efficiencies through an uninterrupted supply of raw material. Tata Steel’s iron ore mines in Jharkhand and Odisha enable 100% captive iron ore usage and the coal mines in West Bokaro & Jharia ensure ~30% captive coal usage in operations. Tata Steel additionally has a dolomite mine, a chromite mine and manganese mines that ensures steady and cost-efficient supply of raw materials to its ferro alloy plants. A robust presence across the value chain helps the Company achieve higher economic efficiencies and customer satisfaction standards which is one of the best in the industry.
In Europe, Tata Steel is amongst the largest steel producers with a crude steel production capacity of over 12.3 MnTPA. It established its presence in the European continent after acquiring Corus in 2007. With steelmaking facilities in the UK and Netherlands and downstream plants across Europe, it supplies high quality strip steel products to demanding markets such as automotive, construction, packaging and engineering.
In June 2018, Tata Steel signed definitive agreements with thyssenkrupp AG to combine their European steel businesses in a 50/50 joint venture. The proposed joint venture will create a strong pan European steel company that is structurally robust and competitive and will create value for all the stakeholders with a strong focus on performance, quality and technology leadership.
In South-East Asia, Tata Steel operations began in 2004 with the acquisition of NatSteel, Singapore. In 2005, it acquired a majority stake in Thailand-based steelmaker Millennium Steel, which further strengthened its South-East Asian operations.
Business Highlights FY18
- Recorded strong operating performance
- Enhanced the value-added products portfolio
- Commenced Kalinganagar plant expansion
- Pursued inorganic growth opportunities
- Created a sustainable European portfolio
- Successfully resolved the UK Pension scheme
- Made a landmark $1.3 billion bonds offering
- Strengthened the balance sheet through the $2 billion rights issue
Consolidated Financial Results FY18
More details: Tata Steel Investors Page
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Standalone Financial Highlights FY18
More details: Tata Steel Investors page
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