INTRODUCTION

Tata Steel is one of the world's top steel makers and a division of the Tata Group,
one of India's largest and most recognized corporations. In the global steel
industry, Tata Steel has established an illustrious history spanning more than a
century and has come to be associated with excellence, innovation, and
sustainable business practices.
Tata Steel's history began in 1907 when visionary Indian industrialist Jamsetji
Nusserwanji Tata made the decision to build a steel mill in India. His objectives
were to establish an independent country and advance India's industrialization.
India, however, was highly dependent on imports at the time to meet its steel
needs. Jamsetji Tata built the steel plant in Sakchi, which is now Jamshedpur,
Jharkhand, India, despite the obstacles.
The plant was named the Tata Iron and Steel Company (TISCO) and commenced
operations in 1911. It began with a 0.1 million tonne annual capacity and
gradually increased over time. Tata Steel expanded quickly, extending its product
line, and embracing technological improvements under the guidance of
trailblazing visionaries like Sir Dorabji and Sir Ratan Tata.
When Tata Steel became the first Indian business to adopt the Bessemer process
for steelmaking, it was clear that the company was committed to innovation. The
open-hearth process, which made it possible to produce a wider variety of steel
products, was also introduced for the first time. Tata Steel persisted in making
research and development investments over the years, establishing cutting-edge
labs and working with international organizations to advance steel production
technology.
Tata Steel achieved a significant milestone in 2004 when it acquired the Anglo-
Dutch steelmaker Corus Group PLC. With a combined annual capacity of more
than 28 million tonnes, the acquisition elevated Tata Steel to the fifth-largest steel
producer in the world. Tata Steel now has access to cutting-edge technologies, a
global clientele, and a significant presence in Europe thanks to this strategic
move.
Tata Steel has consistently placed a high priority on environmental stewardship,
social responsibility, and ethical behaviour while maintaining a clear focus on
sustainable growth. The company has undertaken a number of initiatives to
minimize energy use, cut carbon emissions, and advance the circular economy.
One of the first steel producers to use environmentally friendly techniques, such
as the Corex technology and the injection of pulverized coal into blast furnaces,
was Tata Steel.
In addition to its dedication to sustainability, Tata Steel has always placed a high
priority on the health and welfare of its workforce and the communities in which
it conducts business. The organisation has implemented numerous programmes
with a focus on education, healthcare, skill development, and cultural enrichment
to improve the quality of life for its employees and their families. Tata Steel has
received praise and widespread acclaim for its efforts in community
development.
Currently, Tata Steel serves a variety of industries, including the automotive,
building, infrastructure, packaging, and consumer goods industries, across more
than 26 different countries. India, the Netherlands, the United Kingdom, and
other international markets are all places where the company is well-established.
It offers a wide variety of products, including flat steel, long steel, tubes, wires,
and specialized steel solutions made to meet the particular needs of its clients.
The numerous accolades and certifications Tata Steel has received demonstrate
its dedication to quality and customer satisfaction. The business has won awards
for its quality management procedures, environmental policies, and safety
regulations. Additionally, it has received praise for its work in corporate
governance, innovation, and research and development.
In the future, Tata Steel will continue to develop and adjust to the changing global
steel market. For the purpose of boosting productivity, efficiency, and customer
satisfaction, the company is investing in cutting-edge technologies like Industry
4.0, automation, and digitalization. In order to diversify its business and support a
sustainable future, Tata Steel is also looking into opportunities in developing
industries like renewable energy, electric mobility, and advanced materials.
In conclusion, Tata Steel's founders' vision, tenacity, and dedication to nation-
building are demonstrated by the company's growth from its modest beginnings
to become a global steel giant. Tata Steel has solidified its position as a major
player in the steel sector by placing a high priority on innovation, sustainability,
and social responsibility. This has helped it to spur economic growth and generate
value for all of its stakeholders across the globe.
STOCK PRICE OF TATA STEEL
(DATED AS OF 17 JUNE 2023)
 EQUITY RESEARCH REPORT
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• Companies Overview, Business Model & Competitors

Tata Steel is an Indian Multinational Company which is a part of the diversified
Tata Group and is the 2nd Largest iron-and-steel producer in India. Currently
known as Tata Iron and Steel Company Limited(TISCO), Tata Steel is one of the
world’s leading steel producers in the world with a crude steel capacity installed
of 34 Million Tons produced Annually(MTA).
With operations and a commercial presence in almost 26 countries around the
globe, including important operations in India, the United Kingdom, and the
Netherlands, Tata steel is one of the most geographically diversified steel
producers in the world. Its largest facility is in Jamshedpur, India with an annual
production of 10 MTA(Million Tons produced Annually).

Tata Steel are the second-largest steel producers according to the domestic
production with a capacity of roughly around 20 MTA behind PSU Steel
Authority Of India Ltd.(SAIL). Tata Steel also intend to add five more MTA
Greenfield expansions in the of Odisha, India. The only three steel producers in
India that have their own captive iron ore mines are Tata Steel, SAIL and Jindal
Steel and Power Ltd.(JSPL), giving these firms a price advantage because of their
own iron ore mines. One of the few fully integrated steel producers is Tata Steel,
which includes mining, production and marketing of finished goods which are
fully integrated. The main competitors of Tata Steel(India) are the JSW Steel,
Jindal Steel, Hindalco and SAIL.

Overall total domestic sales(India) is accounted for nearly around 57%, followed
by Europe with 36%, 6% in South-East Asia followed by 1% in rest of the world.
Nearly 94% of Tata Steel economy is made from the production of the steel
products like HR coil, CR coil, coated sheets, merchant steel, machine wires, and
structural products and the remaining 6% comes from other industries like
tubes, refractory, pigments, and investment activities. The Indian product
portfolio of steel is divided into four segments which are the Automotive and
Special Products: Industrial Products, Projects and Exports; Branded Products
and Retail; and Services and Solutions. The company supplies hot-rolled, cold-
rolled, galvanized, branded solution offerings and more.

Tata Steel is involved in the steelmaking industry, including the raw material and
finishing processes. Its goods include hot-rolled (HR), cold-rolled (CR), coated
coils and sheets, coated steel coils and sheets, precision tubes, bearings, tyre
bead wires, spring wires and wires made of galvanized iron (GI). It also produces
agricultural and gardening tools as well as tubes for conveyance. Agriculture,
automotive, steel, construction, consumer goods, energy, power, engineering,
and material handling are just a few of its segments. The company does
business as Tata Agrico/ Agriculture, Construction & Hand Tools, Tata Astrum,
Tata Bearings, Tata Ferro Alloys and Minerals Division, Tata Steel Industrial By-
products Management Division (IBMD), Tata Pipes, Tata Precision, among other
names.

With a capacity to produce crude steel of more than 12.4 MTA, Tata Steel is
among the biggest producers of steel in Europe. After acquiring Corus in 2007, it
began to operate on the continent of Europe. The primary steel-making facilities
in Europe are located in the Netherlands and the United Kingdom, and
downstream operations are located there as well as in Germany, France,
Belgium, Sweden, and Turkey. For demanding markets like construction,
automotive, packaging, and engineering, the European operations produce a
variety of high-quality strip steel products.

Tata Steel's operations in South-East Asia, with 2.2 MTA capacities, began in
2004 with the acquisition of NatSteel, Singapore. Tata Steel subsidiary and
wholly owned subsidiary NatSteel Holdings Pte. Ltd. is in charge of the
operations. One of the biggest downstream rebar fabrication operations in the
 world is located at the company's flagship facility in Singapore. The only local
steel mill with an integrated upstream and downstream operation is this one,
where steel is produced by recycling scrap and then manufactured to the
specifications of the customer.

Tata Steel strengthened its operations in South-East Asia by purchasing a

majority stake in Thailand-based Millennium Steel in 2015. Millennium Steel is
Thailand's largest and most diverse producer of long steel using recyclable steel
scrap as a raw material. The product line includes specialty wire rods for making
tyre cords, tyre beads, wire ropes, and stick electrodes as well as high-tensile
rebars, ready-to-use Cut & Bend products, light structural, and wire rods. The
business regularly exports steel to Laos, Cambodia, Indonesia, Malaysia, India,
and Bangladesh thanks to its extensive distribution network throughout
Thailand.

• Key Managers Of Tata Steel Ltd.