TATA STEEL Share price

The Company was originally incorporated as "The Tata Iron and Steel Company Limited" on August 26 1907 as a public limited company under the provisions of the Indian Companies Act 1882. The Company was established by Jamsetji N. Tata the founder of the Tata companies and today is one of the flagship Tata companies. Pursuant to a resolution of the Board of Directors dated May 19 2005 and of the shareholders of the Company dated July 27 2005 the name of the Company was changed to "Tata Steel Limited" with effect from August 12 2005. The Registered Office of the Company is situated at Bombay House 24 Homi Mody Street Fort Mumbai 400 001. There has been no change in the Registered Office of the Company. The Company manufactures a diversified portfolio of steel products with a product range that includes flat products and long products as well as some non-steel products such as ferro alloys and minerals tubes and bearings. The Company through its Indian operations is a large manufacturer of ferro chrome and steel wires in India and a supplier of chrome ore internationally. The Company?s main markets include the Indian construction automotive and general engineering industries. The Company?s main facilities have been historically concentrated around the Indian city of Jamshedpur (Jharkhand) where the Company operates a 6.8 mtpa crude steel production plant and a variety of finishing plants close to the iron ore and coal reserves. The Company proposes to increase the crude steel production of the Jamshedpur plant by 2.9 mtpa to 9.7 mtpa. The Company?s bearing division is located at Kharagpur (West Bengal) ferro manganese plant is located in Joda (Orissa) charge chrome plant is located in Bamnipal (Orissa) cold rolling complex is located in Tarapur (Maharashtra) and wire division is located at Tarapur (Maharashtra) Bangalore (Karnataka) and Indore (Madhya Pradesh). The Company also has iron ore and coal mines collieries and quarries in the states of Jharkhand Orissa and Karnataka.In February 2005 the Company acquired the steel-related businesses of NatSteel Asia with facilities located in Singapore China Malaysia Vietnam the Philippines Thailand and Australia. In March 2006 the Company also acquired a 25.0% interest in Millennium Steel the largest steel producer in Thailand and in April 2006 a further 42.1% interest for a total interest of 67.1% in Millenium Steel (now known as Tata Steel (Thailand) Public Company Limited). On April 2 2007 the Company acquired Corus Group Limited with key production facilities located in the United Kingdom and the Netherlands. The acquisition was implemented by Tata Steel UK Holdings Limited which is a wholly owned subsidiary of Tata Steel Europe Limited formerly known as Tulip UK Holdings (No. 1) Limited. In April 2009 Hoogly Metcoke & Power Company Limited which was earlier a subsidiary of the Company was merged with the Company. The Equity Shares of the Company were first listed on the BSE in 1937 as per records available with the Company and previously were also listed with the Native Share and Stock Brokers? Association Limited (the predecessor of the BSE). The Company?s Equity Shares were listed on the NSE on November 18 1998. The Company?s Equity Shares were delisted from the Calcutta Stock Exchange Association Limited ("CSE") with effect from May 30 2008. 3867 Global Depository Receipts issued by the Company are listed on the Luxembourg Stock Exchange and 5753386 Global Depository Receipts issued by the Company are listed on the London Stock Exchange. Convertible Alternative Reference Securities ("CARS") issued by the Company are listed on the Singapore Stock Exchange. The Convertible Bonds issued by the Company are listed on the Singapore Exchange Securities Trading Limited. The Company has entered into a Brand Equity and Business Promotion Agreement with the Promoter dated December 18 1998 for the use of the "Tata" name. The Company is not operating under any injunction or restraining order. Milestones achieved by the Company since incorporation are mentioned below: Year Event 1910 Tata Steel obtains its first colliery. 1912 a) First ingot rolls out. b) Bar mills commence operations. c) Introduction of 8 hour working day. 1938 Introduction of electric process for making steel which was employed for production of high grade iron and steel casting. 1972-1973 Coal fine washeries were set up for the first time in Jamadoba and West Bokaro. 1980-1996 Modernisation programme of the Jamshedpur steel works was initiated in four phases during this period.2000 a) Cold rolling mill set up at Jamshedpur. The mill was completed in a record time of 26 months. b) Creation of B2B portal called metaljunction.com in collaboration with SAIL and Kalyani Steel. 2001 World Steel Dynamics ranks Tata Steel as "India?s only World-class steel maker"2003 a) The Company launches its first branded cold rolled steel product called "Tata Steelium" d) The Company celebrates 75 years of industrial harmony.2004 a) The Company?s biggest blast furnace completes production of 14 million tones of hot metal which is the highest production achieved by a blast furnace in India in its first campaign. b) The Company files a corporate sustainability report where the Company was rated as India?s "Top Reporter" by United Nations Environment Program and Standard and Poor?s. 2005 a) The Company acquires NatSteel Asia in Singapore. b) The Company launches "Steel Junction" which is India?s first organized retail store for steel products. c) The Company is ranked as the "World?s Best Steel Maker" by World Steel Dynamics. 2006-2007 a) The Company?s steel works at Jamshedpur crosses 5 million tonne mark in crude steel production. b) The Company is ranked again as the "World?s Best Steel Maker" by World Steel Dynamics. c) The Company acquires Corus which makes the Company the sixth largest steel maker in terms of actual crude steel production. d) The Company was conferred the Prime Minister of India?s Trophy for the "Best Integrated Steel Plant"2008-2009 a) 1.8 mtpa capacity expansion at Jamshedpur becomes operational bringing total crude steel production capacity to 6.8 mtpa. b) Prime Minister Dr. Manmohan Singh unveiled the centenary postage stamp to commemorate the Company?s centenary year. c) The Company was conferred the Best Establishment Award by the President of India. d) The Company was awarded the Demining Application Prize. e) The Company was awarded the TERI Corporate Award for its HIV/ AIDS initiative. . 2009-2010 a) The Company issued Global Depository Receipts worth US$ 500 million. b) The Company was awarded the CSR Excellence Award 2010 by the Associated Chambers of Commerce and Industry. c) The Company was awarded the FE-EVI Green Business Leadership Award in the iron and steel category. d) The Company was awarded "Asia?s Best Employer Brand Awards 2010" for talent management best human resource strategy in line with business excellence in training CEO with human resource orientation and human resource leadership. e) The Company was awarded the Rashtriya Khel Protsahan Puruskar award for outstanding contribution in the field of sports in the category of ?Financial Support for Sports Excellence?. Achievements Some of the key achievements/awards received in Financial Year 2010 are as follows: 1. The Company was awarded the ?Economic Times Company of the Year Award?. 2. The Company was conferred the "Indian Most Admired Knowledge Enterprise" award for sustained excellence in field of knowledge management. 3. In 2010 one of the Company?s employee was awarded the Prime Minister?s Shram awards for years 2005 to 2007. 4. Tubes Division of the Company won the 16th JRD QV Award. 5. Corporate Social Responsibility Excellence Award to the Company by Associated Chambers of Commerce & Industry of India.