Manager - Audit Finance & Commercial

Tata Steel today is more than a steel company; we are also into materials space with strategic objective of attaining leadership in adjacent businesses. With a thrust on innovation, creativity and continuous improvement divisions such as Services and Solutions and New Material Business are venturing into new segments.

With solutions such as Tata Pravesh and Nest-In, Tata Steel is moving towards consumer facing products and services. The New Material Business which focuses on innovation around new materials, has set up a greenfield plant in record time at Khopoli, Maharashtra to meet the requirements of Vande Bharat Express.

Prefabricated Housing & Prefab Construction Solutions - Tata Steel Nest-In (nestin.co.in)

Buy Steel Doors & Windows for Home & Commercial Space | Tata Pravesh

Tata Steel - We Innovate

Organization Structure:

• India- Tata Steel was established in India as Asia’s first integrated private steel company in 1907. With this, they also developed India’s first industrial city at Jamshedpur. Today, they are among the leading global steel companies.
• Europe- Tata Steel is the second-largest steel producer in Europe with a crude steel production capacity of over 12.1 MnTPA. They established their presence in the European continent after acquiring Corus in 2007.
• SouthEast Asia- Tata Steel’s operations in South-East Asia began in 2004 with the acquisition of NatSteel, Singapore. The operations here are run by NatSteel Holdings Pte Ltd. that is a wholly-owned subsidiary of Tata Steel. In 2015, they acquired a majority stake in Thailand-based steelmaker Millennium Steel, which strengthened their South-East Asian operations.

Products and Services:

1. TATA Ferromag- The Ferro Alloys and Minerals Division, commonly known as FAMD, is the largest non-steel business unit of Tata Steel. With manganese and chrome ore reserves in the mineral-rich state- Odisha, FAMD has set up an integrated value chain, commencing with mining, production, beneficiation, and sales of Ferroalloys. It is also the leading manganese alloy producer in India and also leading as a supplier of dolomite and pyroxenite. The Ferro Alloys and Minerals Division offers three brands under its umbrella - Tata Tiscrome, Tata Silcomag, and Tata Ferromag.
   1. Tata Tiscrome is widely used as an alloying agent in the production of stainless steel and carbon since it offers corrosion resistance and also increases the life of the stainless steel. Available in customized sizes through a network of authorized distributors across the country, Tata Tiscrome guarantees superior quality and composition.
   2. Launched by Tata Steel, Tata Silcomag is India’s first branded Silico Manganese. The product comes with the guarantee of restricted carbon, sulfur, and phosphorus - thus reducing the cost of refining and achieving the desired specifications. Silcomag offers a range of benefits such as consistency in size, timely on-site delivery, and guaranteed availability through its Priority Replenishment Service.
   3. Tata Ferromag is a Ferro Manganese brand launched to fulfill the long-felt market need for consistent Ferro Alloy with a guarantee of perfect composition, weight, and size. It is available in customized sizes of 10-50, 10-60, 10-150 and 50-150 mm. Benefits:
      • An extensive network of own and partner plants with state-of-the-art furnaces.
      • We have expertise in all end to end requirements including shipping, documentation, etc.
      • All plants ISO 9000 (2004 version), ISO 14000, and SA 8000 certified.
        
        
2. Galvano- is manufactured using state-of-the-art technology. These are Galvanised Plain sheets and coils are superior quality zero-spangled products with unmatched surface finish and corrosion resistance – resulting in exceeded life expectancy. It offers impeccable quality for the Appliance, Bus Body, Panel and General Engineering segments. Benefits:
   • Strict thickness tolerance with higher yields
   • Corrosion resistance with uniform zinc coating
   • Superior surface finish and absolute flatness
   • Lead-free coating – eco-friendly and ROHS compliant
   • Superior paint adhesion
   • Material processed from ACE+ Service Centres
   • On-time delivery with a strong network of channel partners
     
     
3. Tata Tiscon- is India’s best-known rebar brand, with an established network of more than 6800 dealers across the country. From Tiscon 500 grade made for heavy-duty construction to Super Ductile range which is made specifically for seismic-prone areas, these rebars provide superior strength with a minimum quantity of steel used.
   Tata Tiscon operates in a segment where people value and trust the product above everything else, and they work obsessively to ensure that this trust is never compromised.
   Brands:
   1. Tata Tiscon 500- is a high-strength ribbed TMT reinforcement bar that delivers consistent strength.
   2. Tata Tiscon SD- With superior ductility and high tensile strength, Tata Tiscon SD (Super Ductile) high strength ribbed TMT rebars are designed to be better prepared for earthquakes in seismic-prone zones.
   3. Tata Tiscon Footing- A prefabricated rebar kit that minimizes construction mistakes and speeds up construction to avoid unnecessary hassles.
   4. Tata Tiscon Superlinks- These are high strength ribbed TMT reinforcement bars that give lateral support to main bars against buckling. They are made with sophisticated machines ensuring strictest quality control to ensure consistency. Benefits
      • Tata Tiscon- offers a wide range of rebars and is the prominent ISP controlling the largest pie of the market. It is available across the country through an established network of nearly 4000 dealers.
      • Designed for construction in seismic prone zones.
      • Provides superior strength while reducing the quantum of steel required for heavy-duty structures.
      • Ensures minimum sulfur and phosphorous content leading to fewer harmful impurities in the steel.
      • Resistant to corrosion so it can be used in coastal areas, or where groundwater is brackish and areas where toxic gas emissions seriously impact the environment.

Subsidiaries:

TATA Steel has many subsidiaries, few are mentioned below:

1. Tata Steel Europe
2. Tata Steel BSL
3. Jamshedpur Utilities and Services Company Limited
4. Tata Metaliks Ltd.
5. Norsk Stål As
6. Tata BlueScope Steel
7. Tata Steel Processing and Distribution Limited
8. Tata Martrade International Logistics Limited
9. The Tinplate Co of India
10. Tata Pigments Ltd.
11. Tayo Rolls
12. Tata NYK Shipping Pte. Ltd.
13. Bamnipal Steel Limited
14. The Siam Industrial Wire Co., Ltd.
15. Bhubaneshwar Power Private Limited

News and Facts:

1. The Board of Directors of Tata Steel and Tata Steel BSL have proposed a merger of both the companies in the interest of maximizing value to all stakeholders. The merger will drive operational synergies and efficiencies, reduce the regulatory burden and simplify the group structure. Both Boards have relied on valuation reports and fairness opinions provided by independent experts and recommend a merger ratio of 15 shares of Tata Steel BSL for every 1 share of Tata Steel. The merger is subject to shareholders and other regulatory approvals.
2. Tata Steel and ThyssenKrupp AG are working together to secure the required regulatory approvals for the proposed 50:50 joint venture in Europe. The European Commission has issued its ‘Statement of Objection’ for which both Tata Steel and ThyssenKrupp AG have recently submitted a comprehensive package of proposed remedies.
3. The acquisition process of Usha Martin’s steel business through Tata Sponge Iron Limited, a subsidiary of Tata Steel, has recently been completed for a cash consideration of Rs. 4,094 crores. It comprises of specialized 1 MTPA alloy-based manufacturing capacity in a long product segment based in Jamshedpur and captive power plants.

Awards and Recognitions:

• ‘Best Company to Work For’ in 2020 - Business Today
• Excellence in Water Management 2020 - Confederation of Indian Industry National Award
• Certified as the Best Workplace in Manufacturing 2021- Great Place to Work® Institute
• Among Top 5 Steel Companies - Dow Jones Sustainability Indices (DJSI) Corporate Sustainability Assessment 2020
• World’s Most Ethical Companies 2021- Ethisphere®