Tata Steel was incorporated in 1907 in Jamshedpur by JRD TATA, as Asia's first integrated private-sector steel company.
Currently it is headquartered in Mumbai, India, and its largest plant is located in Jamshedpur, Jharkhand with a capacity of 9.7MTPA. TATA Steel has its manufacturing operations present in 26 countries including India, the UK, Netherlands, Thailand, Singapore, China and Australia.
Total annual crude steel capacity of TATA Steel amounts to nearly 29MTPA. In 2007 Tata Steel had acquired the UK-based steel major Corus for nearly $13 billion which was the largest international acquisition by an Indian company. With its investments in Corus (Division in Europe), Millennium Steel (Division in Thailand) and NatSteel Holdings (Division in Singapore), Tata Steel has become one of the largest global steel companies.
The company manufactures a wide range of products and is present across 50 countries. It produces steel through the blast furnace/BOF route and has highly efficient production processes. It has modern CR mills to produce CR and galvanized products. Its main offerings are value-added steel products, such as HR strips, coils, sheets, plates, bars, rods and structurals. It also manufactures and sells semis, viz. billets, blooms and slabs.
During the FY16, the Company's Indian operations were negatively impacted by the regulatory issues and uncertainties in the mining sector which resulted in lower than expected performance. For the first time in the history of TATA Steel, many of its critical mines remained closed for some period, causing high stress on the company’s operations and utilizations. This has led to disruptions in supply and production and impacted the company’s cost structure.
Despite heavy competition and greater price fluctuations globally, the Tata Steel Group achieved growth in both production and sales. This was mainly due to various initiatives taken, that built competitiveness, improved efficiencies and enabled market differentiation. The company was able to manage its deliveries across the Group despite depressed steel markets. The company successfully refinanced US$ 7 billion ahead of time to help in maintaining low risk in the Balance Sheet. Note: TATA Steel had closed their operations in UK in April 2016 and in final deals to sell its assets so we have not considered those assets as part of the total assets.