Tata Steel
•Tata Steel formerly known as TISCO and Tata Iron and Steel Company
Limited, is the world's seventh largest steel company,with an annual crude
steel capacity of 31 million tonnes.
•It is the largest private sector steel company in India in terms of domestic
production.
•Ranked 258th on Fortune Global 500, it is based in Jamshedpur,
Jharkhand, India.
•It is part of Tata Group of companies. Tata Steel is also India's second-
largest and second-most profitable company in private sector with
consolidated revenues of 132,110 crore (US$29.72 billion) and net profit
of over 12,350 crore (US$2.78 billion) during the year ended March 31,
2008
Type Public (BSE: 500470)
Industry Steel
Founded 1907
Headquarters Mumbai, India
Area served Worldwide
Ratan Tata (Chairman)
Key people B Muthuraman(Vice Chairman)
HM Nerurkar(MD)
Hot and cold rolled coils and sheets
Wire and rods
Products Construction bars
Pipes
Structurals and forging quality steel
Revenue ▼ $21.582 billion (2010)
Profit ▲ $-423.5 million (2010)
Total assets ▲ $24.446 billion (2010)
Total equity ▲ $5.082 billion (2010)
Employees 81,269 (2010)
Parent Tata Group
Website TataSteel.com
Subsidiaries
Tata Steel's position has been strengthened over the years through meaningful
acquisitions of enterprises across the globe. These enterprises have individually
emerged as leaders in their respective industry segments leading to judicious
investments, therefore facilitating growth.
•Jamshedpur Injection Powder Limited (Jamipol)
• Jamshedpur Utility and Services Company Limited (JUSCO)
• Lanka Special Steel Limited
• Rawmet Ferrous Industries
• Sila Eastern Company Limited
• Tata Steel KZN
• Tata Metaliks Limited
• Tata Pigments Limited
• Products Limited (ISWP)
• Tata Refractories Limited (TRL)
• Tata Steel Processing and Distribution Limited (TSPDL)
• Tata Sponge Iron Limited (TSIL)
• Tayo Rolls Limited
• Tinplate Company of India Limited (TCIL)
• TRF Limited
• The Indian Steel and Wire
Vision
We aspire to be the global steel industry benchmark for Value Creation and Corporate
Citizenship
Mission
Consistent with the vision and values of the founder Jamsetji Tata, Tata Steel strives
to strengthen India’s industrial base through the effective utilization of staff and
materials. The means envisaged to achieve this are high technology and productivity,
consistent with modern management practices.
Tata Steel recognizes that while honesty and integrity are the essential ingredients of
a strong and stable enterprise, profitability provides the main spark for economic
activity.
Overall, the Company seeks to scale the heights of excellence in all that it does in an
atmosphere free from fear, and thereby reaffirms its faith in democratic values.
Improvement Strategies
Over the years, Tata Steel has placed continuous emphasis on improving processes,
with a view to consistently increasing efficiencies, enhancing quality and thereby
achieving better performance benchmarks in all areas. The various initiatives taken
in its operations across the world have gradually evolved to become recognised
models of improvement and growth.
A Customer Centric Approach
•Categorising customers to ensure the right level of focus and developing account
plans for the highest opportunity customers.
•Creating group-wide key performance indicators for marketing & sales,
implementing across-Tata Steel Europe (TSE) customer satisfaction programme and
developing a single products and services catalogue.
The Improvement Philosophy
•Increasing the pace of standardisation to strengthen the base.
•Improve quickly on existing operations.
•Innovate continuously in order to be differentiated from others.
Performance Improvement Initiatives
•Performance Improvement Teams
•Change in Performance Culture
KPI Comparisons
KPI comparisons across groups have led to identification of performance gaps
within the Company enabling the initiation of improvement projects in the
area of concern.
Bottom Line Orientation -
Most projects are being conceptualised with an expected financial benefit to
consider.
People Involvement
The People Involvement team meetings have had a positive influence on
having more people participate actively in different performance
improvement initiatives
Continue…
Over the years, Tata Steel has placed continuous emphasis on improving
processes, with a view to consistently increasing efficiencies, enhancing quality
and thereby achieving better performance benchmarks in all areas.
One factor that contributes to this confidence is the Company’s adherence to Total
Quality Management (TQM) to achieve its goals.
At Tata Steel’s European operations, Continuous Improvement activities are
focused on providing Business Units with the ability to drive business through
Lean Management, a common strategy deployment process, training of CI coaches
and knowledge sharing through operations.
NatSteel maintains a systematic approach towards improving productivity and
enhancing quality while reducing cost at the same time.
The Singapore operations concentrated on yield improvement, reduction in
power consumption and a significant bottom line benefit.
The Xiamen operations have also adopted measures to reduce vulnerability
caused by price fluctuations.
Policies
In adherence to the Tata Code of Conduct, Tata Steel’s policies pertain to
active sets of principles, in different areas of operation that help to bring
uniformity in processes by clearly defining the Company’s approach.
•Corporate Social Responsibility & Accountability Policy
•Quality Policy
•Human Resource Policy
•Safety Principles & Occupational Health Policy
•Environmental Policy
•Research Policy
Joint Venture
Tata Steel is a global player with a balanced presence in developed European and
fast growing Asian markets. The Company has set itself the objective of
expanding its capacities and becoming globally competitive in its businesses.
•Dhamra Port Company, Orissa
• mjunction services limited
• Tata BlueScope Steel Limited
• TM International Logistics Limited (TMILL)
• Tata NYK
• S&T Mining Company Pvt Ltd
Acquisitions
Corus
On 31 January 2007 Tata Steel won their bid for Corus after offering 608 pence
per share, valuing Corus at £6.7 billion; 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.
In August 2004, Tata Steel entered into definitive agreements with Singapore
based NatSteel Ltd to acquire its steel business for Singapore $486.4 million
(approximately Rs 1,313 crore) in an all cash transaction.
In 2005, Tata Steel acquired 40% Stake in Millennium Steel based in Thailand
for $130 million (approx. Rs 600 crore).
In 2007 Tata Steel through its wholly owned Singapore subsidiary, NatSteel
Asia Pte Ltd acquired controlling stake in two rolling mills: SSE Steel Ltd,
Vinausteel Ltd located in Vietnam
