Tata Steel Company

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Do you know which is the second largest steel manufacturer in india?

Tata steel it is the second largest steel manufacturer in india after(SAIL).A company founded by jemsetji tata and established by dorabji tata on 26 August 1907 nearly a century ago at jemshedpur, Jharkhand  india.Tata steel currently run its operations in 26 countries with key operations in India 🇮🇳 Netherlands🇳🇱 and united Kingdom🇬🇧.it currently can produce an huge amount (34 million tonnes per annum)and provides employment to around 80,500 people.

Picture of Jemsetji Tata founder of Tata Steel

Image Credits:-google 

History of Tata Steel:-

                                          Tata Steel formerly known as TISCO (Tata Iron and Steel Company Limited) Tisco changed its name to Tata Steel on 2005. During the period of First World war (1914-1918),the company made rapid progress. By 1939,it operated the largest Steel plant in the British Empire . The company began its expansion plans in 1951,in 1958 TISCO had capability to produce 2Million tonnes of steel per anum.At that time TISCO provides employment to around 60 Thousand people 40Thousand in jemshedpur plant and 20 thousand in nearby coal fields

 

Tata Steel Plant In Jemshedpur

Image Credits:- Google

Companies Acquired by TATA STEEL 

=>Tata Steel acquired many companies like Natsteel a Singapore based steel company in 2004August 

=>Tata Steel acquired Millenium Steel a Thailand based steel company present millennium steel is also called as TataSteel Thailand

=>Corus an Anglo based Dutch company was acquired by TataSteel in 2007

Other Companies Owned By TataSteel

=>Steel Engineering

=>Vinu Steel

=>Bhusan Steel

Struggles Faced by TATA STEEL

Any company irrespective of the field in which they are operating faced many struggles in growing their business Tata steel also faced such struggles and problems in their journey same of them are mention below.

=>Environment protection at Dhamra port a joint venture between Larsen and Turbo and Tata Steel near Dharma river in Bhadrak district of Odisha.

=>In 2000's National government tried to Nationalise Tata Steel.

=>Job cuts in Europe:In 2019 the company announced plants to cuts 3000 jobs in Europe.

=>Supply demand mismatches.

Image Credits:-Tata 

Interesting Fact:-⁉️

As we said earlier corus a company acquired by TataSteel is a large company than Tata Steel at the time of acquisition. Corus is in IX place position in terms of steel production in world wide while TataSteel is in 56th place After the deal TataSteel became V largest producer of steel in the world 

That All for Today