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[5] [6] Tata Steel, SAIL, and Jindal Steel and Power are the only three Indian steel companies that have captive iron-ore mines, which gives the three companies price advantages. [7] Tata Steel operates in 26 countries with key operations in India, the Netherlands, and the United Kingdom, and employs around 80,500 people. [8]
Tata Steel acquired a 72.65% stake in Bhushan Steel on 18 May 2018 through its subsidiary Bamnipal Steel. Tata Steel paid ₹ 35,200 crore (equivalent to ₹ 470 billion or US$5.4 billion in 2023) to Bhushan Steel's creditor banks, and an additional ₹ 1,200 crore (equivalent to ₹ 16 billion or US$190 million in 2023) over 12 months to Bhushan Steel's operational creditors. [7]
[7] [8] At first, the company introduced industrial CPVC pipes in India by licensing the CPVC Resin procurement technology from Lubrizol. [ 9 ] [ 10 ] However, after three years, they shifted to the plumbing sector, where CPVC pipes became more popular than galvanized Iron (GI) pipes. [ 9 ]
The list ranks steelmakers by volume of steel production in millions of tons over time and includes all steelmakers with production over 10 million in 2021. The World Steel Association features a list from its members every year. Due to mergers, year-to-year figures for some producers are not comparable. Not all steel is the same.
The Tata Group (/ ˈ t ɑː t ɑː /) is an Indian group of companies headquartered in Mumbai. [3] [4] Established in 1868, it is India's largest business conglomerate, with products and services in over 160 countries, and operations in 100 countries.
In 2021, the company was split into a British and a Dutch branch: Tata Steel Netherlands (TSN) and Tata Steel UK, both of which fell directly under the Indian parent company Tata Steel. [ 1 ] Corus Group was formed through the merger of the Koninklijke Hoogovens and British Steel plc in 1999 and was a constituent of the FTSE 100 Index .
Tata BlueScope Steel venture was established in 2005 with three major businesses: Coated Steel, Roof & Wall Cladding Products and Pre-engineered Building Solutions. Tata BlueScope Steel is headquartered in Pune and has its manufacturing units in Jamshedpur , Sriperumbudur , Bhiwadi and Pune . [ 4 ]
The company was founded by J. R. D. Tata to create a complete consortium that would take on projects, Division of Tata Sons for engineering procurement and construction projects. [ 3 ] Founded in 1979, the company carries out industrial and urban infrastructure projects.