Tata Steel is one of the most diversified integrated steel producers in the world, with an annual crude steel production capacity of 35 MTPA. The Company’s manufacturing assets are spread across India, the Netherlands, the UK, and Thailand.
In India, Tata Steel operates in Jamshedpur and Gamharia in Jharkhand, as well as in Kalinganagar and Meramandali in Odisha, with an overall capacity of 21.6 MTPA. The acquisition of Neelachal Ispat Nigam Limited has strengthened the Company’s capabilities in the long products segment. Additionally, the Company has downstream manufacturing facilities for wires, tubes, bearings, agricultural equipment, pig iron, ductile iron (DI) pipes, and various industrial by-products. The Company’s operations also include Tata Growth Shop, a heavy-duty engineering and fabrication business, along with a Ferro Alloys and Minerals Division.
With a vision to double its capacity in India, Tata Steel is actively investing in expanding capacities through organic and inorganic means. Committed to a sustainable future, the Company has set an ambitious target of achieving Net Zero emissions by 2045.
Through a steadfast focus on sustainability, innovation, agility, and fostering deep relationships with customers and communities, the Company’s goal is to become one of the most respected and valuable steel companies globally.
Continued investments in people development, digitalisation, innovation, and execution excellence are the key elements of Tata Steel’s strategy to transform it into a global leader in sustainable steel manufacturing.
Highlights
- Signed a joint agreement with the UK government for investment in low-CO2 steelmaking, at Port Talbot with a capital cost of £1.25 billion inclusive of a grant from the UK Government of up to £500 million
- Successfully merged five of its Indian subsidiaries
- Upgraded to investment grade from 'Ba1' Positive to 'Baa3' Stable, by Moody’s
- Presented the Green Steel Plan to the Dutch government, outlining the blueprint for the Netherlands' most prominent industrial transition to low-CO2 steelmaking
- Signed an MoU with Imperial College London, to establish a Centre for Innovation in Sustainable Design and Manufacturing MoU with The Henry Royce Institute, Manchester, to establish a Centre for Innovation in Advanced Materials
- First Indian company to implement a fully automated end-to-end solution for handling issuance and amendments of Import Letters of Credit (LC) through Blockchain technology and SWIFT
- Hosted the inaugural Learning Mission for the Indian Foundation for Quality Management
- Achieved a successful trial of hydrogen injection at the E Blast Furnace in Jamshedpur
- Signed an agreement with Tata Power Renewable Energy Limited to source 379 megawatts of renewable power
- Launched a digital platform, Portal of Purpose, to enable easier access to curated volunteering opportunities
- Ankita Bhagat and Bhajan Kaur, cadets of Tata Archery Academy, Jamshedpur, won bronze in the Recurve Archery Women’s Team event in the Asian Games 2023
- Under the ‘Flames of Change’ initiative, Tata Steel recruited 23 women to create the first-ever crew of female firefighters in the steel industry in India
- The signature programmes of Tata Steel Foundation have been scaled up to have a tangible impact, saturating entire districts. All panchayats and blocks of Keonjhar district declared themselves Child Labour-free in January 2024 vide our education programme working with 1.4 million children. MANSI+ (Maternal and Newborn Survival Initiative) reaches 3 million households across East Singhbhum, West Singhbhum and Seraikela Kharsawan, handling 45,000+ highrisk pregnancies with 99% redressal.
Tata Steel Consolidated
More details: Tata Steel Investors Page
No. | Label | 2023-24 (Rs crore) |
---|---|---|
1 | Turnover | 229,171 |
2 | EBITDA | 23,402 |
3 | Reported PAT | -4,910 |
4 | Production (MT) | 29.94 |
5 | Deliveries (MT) | 29.39 |
Tata Steel Standalone
More details: Tata Steel Investors page
No. | Label | 2023-24 (Rs crore) |
---|---|---|
1 | Turnover | 140,987 |
2 | EBITDA | 31,004 |
3 | Reported PAT | 4,807 |
4 | Production (MT) | 20.12 |
5 | Deliveries (MT) | 19.91 |
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