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Interesting Facts About Tata

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The company reported a consolidated net profit of ₹1,019 crore in the three months ended 1 October. That compares with the ₹1,660 crore profit estimate by analysts in a Bloomberg survey. In the same quarter last year, Tata Steel had reported a loss of ₹ 49.4 crore. The main reason behind the company missing estimates is that, Tata Steel’s earnings before interest, taxes, depreciation and amortization (EBITDA) of ₹ 4,730.8 crore during the quarter came in well below analysts’ expectations of ₹ 5,230 crore despite rising by 53.5% from the year-ago period. The EBITDA margin widened 318 basis points to 14.2% from a year earlier on lower raw material costs. A basis point is one-hundredth of a percentage point. Tata Steel, however, managed to meet revenue estimates by reporting a 19 % jump from the year-ago period to ₹ 32,460 crore. Sales volume jumped 13 % from the year-ago period to 6.42 million tonnes.

  • TS was ranked 110th among India’s most trusted brands according to the Brand Trust Report 2012, a study conducted by Trust Research Advisory. In the Brand Trust Report 2013, Tata Steel was ranked 364th among India’s most trusted brands while according to the Brand Trust Report 2014, Tata Steel was ranked 264th among India’s most trusted brands. It was among 16 of Tata Group’s subsidiary brands to feature in the report apart from the parent brand. Ratan Tata also featured in the report among India’s most trusted ‘Personality’ brands.
  • TS ‘s Climate disclosure received highest rating of 100% CDLI score in CDP 2015 (96% in CDP 2013). Thus for two consecutive years, Tata Steel has remained highest rated company amongst global Steelmaking companies. In 2015, it became one of the four highest rated companies in India (only one being from Material sector; other three are from IT sector).
  • In 2012, TS became the first integrated steel company in the world to be awarded the Deming Grand Prize.
  • It won the ‘Golden Peacock’ award in 2009 for its CSR initiatives.
  • In the year 2013, TS was ranked India’s 7th most admired company by Fortune magazine. It was India’s most admired company in 2012.
  • TS Minerals Canada was conferred with John T Ryan Safety award for 2015

Achievements

  • Steelstock Ltd
  • Corus America Holding
  • Abja Investment Company
  • Tata Steel Processing and Distribution Ltd
  • Mjunction
  • Tata Sponge Iron
  • British Steel Ltd
  • Tayo Rolls

Tata Steel has various subsidiaries beneath it:

  • Cable and wire
  • Machinery, tinplate
  • Agricultural equipment
  • Locomotive parts

They also produce:

  • Alloy
  • Cast iron
  • Soft iron
  • Iron

The steel plant produces:

Products Tata steel’s important competitors consist of Arcelor Mittal, Essar steel, Jindal steel and power, JSW steel, SAIL and VISA steel. Tata steel has 74,000 personnel globally.

Both domestic and foreign brokerages have given thumbs as much as Tata steel’s ₹ 23,500 crore growth plans with ₹ 12,802 crore rights issue mentioning the increase visibility. Even though the organic expansion at Odisha might have been largely funded through a mixture of internal accruals and debt, without a huge equity dilution, corporation could have faced limited headroom to gather big assets totally funded via debt for the reason that it’s consolidated net debt to fairness ratio of 2.2, said analysts. Stocks of Tata steel BSE -0.69% gained 76% so far this year from ₹ 406 on 1 January to ₹ 705 on Wednesday as against 28% gain in Nifty and 43% rise in NSE steel index.

Jamsetji Tata joined his father in Mumbai at the age of 14 and enrolled at the Elphinstone college finishing his education as a ‘green scholar’ (equivalent of a graduate). He was married to Hirabai Daboo at the same time as he was still a student. He graduated from college in 1858 and joined his father’s trading firm. It was a turbulent time to step into commercial enterprise as the Indian revolt of 1857 had just been suppressed by the British authorities. Tata made many journeys abroad, mainly to England, USA, Europe, China, and Japan to establish branches for his father’s enterprise. Tata steel on Thursday, 12 February 2015 announced buying three strip product services centers in Sweden, Finland and Norway from SSAB to reinforce its offering in Nordic area. The organization, however, did not reveal price of the transactions. In September 2017, ThyssenKrupp in Germany and Tata steel introduced plans to combined their European steelmaking groups. The deal will structure the European property as Thyssenkrupp Tata steel, a 50-50 joint project. The announcement estimated that the business enterprise would be Europe’s second-largest steelmaker.

Jamsetji Nusserwanji (3 March 1839 – 19 May 1904) became an Indian pioneer industrialist, who founded the Tata group, India’s biggest conglomerate employer. He was born to a Parsi Zoroastrian family in Navsari then part of the princely state of Baroda. He founded what would later emerge as the Tata group of companies. Tata is appeared as the legendary “Father of Indian industry”. Jamsetji Nusserwanji Tata was born to Nusserwanji and Jeevanbai Tata on 3 March 1839 in Navsari, a town in south Gujarat. His father, Nusserwanji, was the first businessman in a family of Parsi Zoroastrian priests. He broke the tradition to come to be the primary family member to start a commercial enterprise. He commenced an export trading firm in Mumbai.

It has its advertising and marketing headquarters at the Tata Centre in Kolkata, West Bengal. It has a presence in around 50 nations with production operations in 26 nations including: India, Malaysia, Vietnam, Thailand, UAE, Ivory Coast, Mozambique, South Africa, Australia, UK, The Netherlands, France and Canada. Tata steel primarily serves customers in the automobile, construction, consumer goods, engineering, packaging, lifting and excavating, strength and electricity, aerospace, shipbuilding, rail and defence and protection sectors.

Tata steel has production operations in 26 countries, which includes Australia, China, India, the Netherlands, Singapore, Thailand and the United Kingdom, and employs around 80,500 people. Its largest plant placed in Jamshedpur, Jharkhand. In 2007 Tata steel received the United Kingdom-primarily based steel maker Corus. It was ranked 487th in the 2014 Fortune global 500 ranking of the world’s largest corporations. It became the 7th most valuable Indian brand of 2013 as per brand Finance.

Tata Iron and Steel Company was founded by Jamshetji Tata and established by Dorabji Tata on 26 August 1907, as a part of his father Jamshetji’s Tata group. By 1939, it operated the largest steel plant inside the British Empire. The corporation released a major modernization and expansion program in 1951. Later in 1958, this system became upgraded to 2 million metric tonnes in line with annum (MTPA) assignment. With the aid of 1970, the organization employed round 39,900 people at Jamshedpur, with in addition to 20,001 in the neighboring coal mines. In 1971 and 1979, there had been unsuccessful attempts to nationalize the corporation. In 1990, it commenced growth plan and established its subsidiary Tata Inc. in New York. The company modified its name from TISCO to TS in 2005. It is one of the pinnacle steel producing companies globally with annual crude steel deliveries of 23.9 million tonnes (in FY17), and the second one largest steel corporation in India with an annual potential of 13.1 million tonnes after SAIL.

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Interesting Facts about Tata. (2019, February 11). GradesFixer. Retrieved January 28, 2023, from https://gradesfixer.com/free-essay-examples/interesting-facts-about-tata/
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Interesting Facts about Tata. [online]. Available at: <https://gradesfixer.com/free-essay-examples/interesting-facts-about-tata/> [Accessed 28 Jan. 2023].
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