Tata Steel, formerly known as TISCO (Tata Iron and Steel Company Limited), is a steel company based in Mumbai, India. It has been suggested that this article or section be merged into Limited liability company. ... The steel cable of a colliery winding tower. ... , “Bombay” redirects here. ...

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. , Jamsehdpur   (जमशेदपूर in Devanagari) is a city located in the state of Jharkand in India, founded by the late Jamshedji Nusserwanji Tata as Sakchi. ... , Jharkhand   (Hindi: झारखंड, Bengali: ঝাড়খণ্ড,IPA: ) is a state in eastern India. ... The word multinational can refer to: A Multinational corporation A Multinational State This is a disambiguation page, a list of pages that otherwise might share the same title. ... , “Bombay” redirects here. ... 2000 (MM) was a leap year starting on Saturday of the Gregorian calendar. ... The Bombay Stock Exchange The Bombay Stock Exchange Limited (Hindi:बॉम्बे स्टॉक एक्सचेंज) (formerly, The Stock Exchange, Mumbai; popularly called The Bombay Stock Exchange, or BSE) is the oldest stock exchange in Asia. ... For the National Stock Exchange in India, see National Stock Exchange of India. ...

Management

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. Ratan Naval Tata (born December 28, 1937, in Mumbai) is the present Chairman of the Tata Group, Indias largest conglomerate established by earlier generations of his family. ... B Muthuraman is the Managing Director of Tata Steel, Indias leading private steel company and the Chairman of the Board of XLRI one of Indias leading management schools based in Jamshedpur. ...

Tata Steel is a limited company registered in India under the Companies Act, 1956. Limited can refer to: A private limited company by shares, a specific kind of limited company in Commonwealth of Nations commercial law; often used as a suffix (Mycompany, Limited or ); formerly used for all limited companies. ...

History

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 labour strike and this is an enviable record of sorts. A Parsi (Gujarati: Pārsī, IPA: ), sometimes spelled Parsee, is a member of the close-knit Zoroastrian community based in the Indian subcontinent. ... Jamshedji Tata (1839-1904) was a pioneer in the field of modern industry. ... CPF Building, headquarters of the CPF Board, is located on Robinson Road. ... The Employees Provident Fund Organisation (EPFO) of India was established in the year 1952 consequent to the enactment of the Employees Provident Funds and Miscellaneous Provisions Act, 1952. ...

Tata's track record of good works and social awareness has become tarnished in recent years with complaints about heavy handed tactics to clear land for factories. In one incident in 2006, protesters were fired upon by police and it was reported that security staff hired by Tata were involved in the rape of a teenage girl.

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. Tata Steel has been most recently condemned by environmentalists for its plans to build a vast port close to the world's largest breeding grounds for an endangered species of turtle.

Environmentalists say Tata's plan to construct a new "megaport" at Dhamra on the eastern coast of Orissa will damage the habitat of the olive ridley turtles which breed on nearby beaches of the Gahirmatha Marine 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.

Production

Tata Steel annually produces 9 million tonnes of steel. It's turnover in fiscal year 2005-06 was Rs 17,144 crores (consolidated turnover was 22,518 crores). The company's operating profit (PBT) in the same year was Rs 5,932 crores while its PAT was Rs. 3734.62 crores; it produced a record-breaking 5.0 million tonnes of salable steel in its Jamshedpur works that year. Year 2006 (MMVI) was a common year starting on Sunday (link displays full 2006 calendar) of the Gregorian calendar. ... A crore is a unit in a traditional number system, still widely used in India. ... Polybutylene terephthalate (PBT) is a plastic that is used as an insulator in the electrical and electronics industries. ... Look up pat, Pat in Wiktionary, the free dictionary. ...

Corus takeover

• 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 offer of 515 pence per share, valuing the deal at $ 9.7 Billion. The Corus board promptly recommended both the revised offers to its shareholders.

Wikinews has related news:

Steel Industry: Tata buys Corus

• 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.

[ October 20 is the 293rd day of the year (294th in leap years) in the Gregorian calendar. ... Year 2006 (MMVI) was a common year starting on Sunday (link displays full 2006 calendar) of the Gregorian calendar. ... For other uses, see Corus. ... “GBP” redirects here. ... One thousand million (1,000,000,000) is the natural number following 999,999,999 and preceding 1,000,000,001. ... ISO 4217 Code USD User(s) the United States, the British Indian Ocean Territory,[1] the British Virgin Islands, East Timor, Ecuador, El Salvador, the Marshall Islands, Micronesia, Palau, Panama, Caicos Islands, and the insular areas of the United States Inflation 2. ... is the 323rd day of the year (324th in leap years) in the Gregorian calendar. ... Companhia Siderúrgica Nacional (CSN) is the second major steel-maker company in Brazil. ... Above: A variety of coins considered to be lower-value, including an Irish 2p piece and many US pennies. ... December 11 is the 345th day of the year (346th in leap years) in the Gregorian calendar. ... Image File history File links WikiNews-Logo. ... Wikinews is a free-content news source and a project of the Wikimedia Foundation. ... is the 31st day of the year in the Gregorian calendar. ...