BSE: 500470 | NSE: TATASTEEL | ISIN: INE081A01012
Market Cap: [Rs.Cr.] 41,393 | Face Value: [Rs.] 10
Industry: Steel - Large
Tata Steel Limited (formerly TISCO and Tata Iron and Steel Company Limited) is a multinational steel company headquartered in Mumbai, India and subsidiary of Tata Group. It is the tenth-largest steel producing company in the world, with an annual crude steel capacity of 23.5 million tonnes, and the largest private-sector steel company in India measured by domestic production. Tata Steel is also India's second largest and second-most profitable private-sector company, with consolidated revenues of $26 billion and net profit of over $1.9 billion in the year ended March 31, 2011. Tata Steel is the eighth most-valuable Indian brand according to an annual survey conducted by Brand Finance and The Economic Times in 2010. It is currently ranked 410th in the Fortune Global 500.
Tata Steel's largest plant is located in Jamshedpur, Jharkhand, with its recent acquisitions; the company has become a multinational with operations in various countries. The registered office of Tata Steel is in Mumbai. The company was also recognized as the world's best steel producer by World Steel Dynamics in 2005. The company is listed on Bombay Stock Exchange and National Stock Exchange of India, and employs about 80,000 people. In August 2007 Tata Steel won the bid to acquire the UK-based steel maker Corus in what was, to date, the largest international acquisition by an Indian company. It made the Tata Group the world's fifth largest steel maker, and catapulted them to the global league.
Tata Steel has always believed that the principle of mutual benefit - between countries, corporations, customers, employees and communities - is the most effective route to profitable and sustainable growth.
Established in 1907, Tata Steel is among the top ten global steel companies with an annual crude steel capacity of over 28... [continues]
Cite This Essay
(2013, 04). Finance. StudyMode.com. Retrieved 04, 2013, from http://www.studymode.com/essays/Finance-1579893.html
"Finance" StudyMode.com. 04 2013. 2013. 04 2013 <http://www.studymode.com/essays/Finance-1579893.html>.
- MLA 7
"Finance." StudyMode.com. StudyMode.com, 04 2013. Web. 04 2013. <http://www.studymode.com/essays/Finance-1579893.html>.
"Finance." StudyMode.com. 04, 2013. Accessed 04, 2013. http://www.studymode.com/essays/Finance-1579893.html.