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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]
[9] [8] Tata Steel was ranked 486th in the 2014 Fortune Global 500 ranking of the world's biggest corporations. [10] It was the seventh most valuable Indian brand of 2013, according to Brand Finance. [11] [12] [13] Tata Steel was listed amongst India's "Best Workplaces in Manufacturing" by Great Place to Work for the fifth time in 2022. [14]
As per worldsteel, India's crude steel production in 2018 was at 106.5 million tonnes (MT), 4.9% increase from 101.5 MT in 2017, which means that India overtook Japan as the world's second largest steel production country. Japan produced 104.3 MT in year 2018, decrease of 0.3% compared to year 2017.
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.
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 ]
Ironworks at Port Talbot. Abbey Steelworks was planned in 1947, but today is correctly termed Tata Steel Strip Products UK Port Talbot Works.It is believed to be named after the Cistercian Margam Abbey that used to be on the site – a small amount of the original building still stands (protected) within the site that survived the dissolution of the monasteries.
News 24 is a 24-hour Hindi news television channel owned by B.A.G. Films and Media Limited. It has been launched in 2007 and it is free-to-air channel in India . News 24 changed its logo with a new design.
With Kalinganagar emerging as the steel hub of Odisha, Tata Steel will help boost the pace of industrialization and socio-economic development, not only in the State but in the Country as well. In 2012, Maniapatala village was added where 39 families are to be displaced, taking the total number of families to be displaced to 1234.