History of Tata Steel Ltd.

1907

- The Tata Iron & Steel Comp. Limited was formed in 1907 at Mumbai. The Comp. manufactures rails, fishplates, bars, light structurals, heavy structurals, plates, black sheets, galvanised sheets, tin bars, sleeper bars, sleepers, blooms, billets, sheet bars, wheels, tyres and axles, skelp & strip, & special steels tools such as picks, beaters, hammers & shovels & red-oxide, coal tar, sulphate of ammonia, etc.

- Iron & steel are made by open hearth, duplex electric & a combination of these processes, & the steel is rolled into finished products.

1917

- During the year 1,50,000 equity shares issued at par & 26,250 deferred shares issued at a premium of Rs.370 per share.

1919

- During the year 7,00,000 second pref. shares of Rs.100 each issued at par. 6181 second pref. shares forfeited.

1954

- During the year, 8750 defd. shares of Rs.30 each converted into 292,500 equity shares of Rs.75 each. 642,500 bonus equity shares issued in prop. 1:1.

1956

- During the year 12,85,000 right equity shares issued in prop.1:1, and a premium of 30 per share.

1959

- 12,142 rights share subscribed for 11,524 bonus equity shares allotted in prop. 1:1.

1960

- During the year 3,75,000 A IInd pref. and 6,18,372 equity shares offered in prop. 1:2 and 1:5. [Arrears: 29,625.s]

1961

- During the year 1,330 A, IInd pref. shares & 2,959 No. of equity shares were subscribed for. Arrears Rs.840.

1967

- In March 14,69,722 bonus equity shares issued in prop. 2:5. Arrears Rs.136.

1973

- With effect from 1st April, the wholly owned subsidiary, West Bokaro Ltd., was amalgamated with the company.

1980

- Tata Steel & ACC signed a long-term agreement, valid up to the end of 1991, whereby the slag from the granulation plant could be taken by ACC.

1982

- On 19th March, the Comp. approved the proposal to convert the company irredeemable preference shares into redeemable non-convertible bonds. The interest on bonds is payable with effect from 1st April, 1983 at half-yearly rests. Thus bonds of face value aggregating Rs 11.40 crores were issued under this scheme.

1983

- During the year Indian Tube Comp. Limited was amalgamated with the company. After the amalgamation, the Comp. produces a wide range of tubes including seamless & welded quality tubes. The Comp. also makes agricultural implements & alloy steel baring rings.

- As a measure of diversification, the Comp. agreed to purchase the bearings manufacturing plant of Metal Box India, limited at Kharagpur as a going concern with effect from 1st October.

- During the same year, the Comp. acquired the Barings Unit of the Metal Box Comp. of India Limited & is today a leading manufacturer of Ball & Tapered Roller Bearings with an annual installed capacity of over 5 million bearings which is being further augmented to 10 million bearings.

1984

- As a measure of diversification, the Comp. entered into a lease agreement with Bihar State Industrial Development Corporation, to reopen Kumardhubi Engineering Works limited For this purpose a new company under the name Kumardhubi Metal Castings and Engineering Co., limited was formed. The Comp. would have a share of 49% & the BSIDIC would hold 51% in this joint sector company. - During March-May the Comp. offered 15% non-convertible debentures for Rs.50 crores as right to raise funds for working capital & also for capital expenditure.

- The Comp. decided to accept subscription to the extent of Rs. 75 crores. The redemption date for debentures worth Rs 16.09 crores was extended by seven years from 16th September, 1991 & rate of interest raised to 16% from 16.9.1991.

1985

- With effect from 1st October, Indian Tube Co. Ltd was amalgamated with TISCO.

- In terms of scheme of amalgamation, the shareholders of ITC were allotted 72,153 No. of equity shares of TISCO in the proportion of 1 share of TISCO for every 2 shares of ITC held.

- 72,153 shares issued to members of Indian Tube Co. Ltd., as on 1.10.1985 on its merger. 9,89,077 shares issued at par on part conversion of 13.5% bonds.

1986

- In October, higher recovery of iron-bearing materials from waste materials viz., a Rs.18.5 crores waste-recycling plant, was commissioned.

1987

- On 2nd March, 300,000 tonne capacity bar & rod mill costing about Rs.78 crores was commissioned under the second phase of modernisation.

- On 11th August, approvals were received for investment of Rs.16 crores in the Capital of Tata Timken Ltd., a Comp. promoted by Tata Steel in collaboration with Timken Co. USA, for manufacture of bearings for automotive industry, industrial machinery & for the Indian Railways.

- 33,05,147 Bonus shares allotted in August, [prop. 2:5s] 40,16,000 rights shares then issued [prem. Rs 30 per share; prop. 1:3s]. Another 2,00,800 shares offered [prem. Rs 350 per shares] to the employees [including working directorss]/workers on equitable basis [only 50,397 shares taken ups].

1988

- During the period the company, installed a new sinter plant with a capacity of 1.3 million tonnes per annum, a new coke over battery with stamp charging facilities, a raw material bedding a blending yard, a high speed bar & rod mill with a capacity of 3,00,000 tonnes per annum & facilities to augment captive power generation by 60 MW.

- 75 No. of equity shares out of rights issue made on August 1987, allotted to employees on 31.8.1988.

- The Comp. made large scale utilisation of blue dust, normally considered a waste material, in sinter making in the steel industry. - In July, letter of intent was received for manufacture of 0.30 million tonnes per annum of ordinary portland cement at Nipania/Sonadih in the Raipur district of M.P & 1.43 million tonnes per annum of Portland Blast furnace slag cement at Jamshedpur. Technical consultancy agreements in respect of this project were signed with Holtech India & Holderbank [HMCs], Switzerland.

1989

- During the period, civil work commenced on major production and supporting facilities such as hot strip mill with a capacity of 1 million tonnes per annum, a blast furnance & an energy optimising furnace.

- The profits were affected by erratic power supply, escalation in input costs & heavy interest charges payable on convertible debentures.

- During the year, the Comp. issued two series of debentures for a total value of Rs.565 crores. In the Ist series 34,16,667 - 12% fully convertible debentures of Rs.600 each for a total value of Rs. 205 crores were offered as follows:

- [is] 32,54,167 debentures to the equity shareholders of Comp. on rights basis in the ratio of 1 debenture for every 5 equity shares held [all were taken ups].

- Additional 4,80,403 debentures were allotted to retain over subscription and

- [iis] 1,62,500 debentures to the employees/workers of Company [none were taken ups].

- Each debenture of Rs 600 would be automatically & compulsorily converted into 1 equity share of Rs 100 at a premium of Rs 500 per share as on 1st February, 1990.

- Another 7,722 debentures reserved for allotment to shareholders who were unable to subscribe for genuine reasons [of these 4,722 allotment to financial institutions & 3,000 reserved for allotment to shareholderss]. - In IInd series, the Comp. offered 30,00,000 partly convertible debentures of Rs.1,200 each along with 4,50,000 debentures permitted to be retained as over subscription.

- Of these the following debentures were reserved for allotment on a preferential basis:

- [is] 7,50,000 debentures along with 1,12,500 debentures permitted to be retained as oversubscription to shareholders of Comp. [all were taken ups];

- [iis] 1,25,000 debentures along with 18,750 debentures as over subscription to employees [only 7,885 debentures taken ups];

- [iiis] 2,91,667 debentures along with permitted retention of 43,750 debentures to IFCW [only 2,91,667 debentures taken ups] and

- [ivs] 10,00,000 debentures to Tata Companies along with permitted retention of 1,50,000 debentures [only 10,08,325 debentures taken ups].

- The balance 8,33,333 debentures along with permitted retention of 1,25,000 debentures were issued to the public through a prospectus. In addition, unsubscribed portion of preferential quota adding upto 3,21,290 debentures were also issued to the public [all were taken ups].

- A portion of Rs 600 of each debenture was automatically and compulsorily converted into 1 equity share of Rs 100 of Comp. at a premium of Rs. 500 per share on 1st February 1990. The non-convertible portion of Rs 600 of each debenture would be redeemed at par on the expiry of 8 years from the date of allotment of debentures.

- Severe shortages & wide fluctations in the power supply from the DVC coupled with increased requirements of power with the commissioning of various units under modernisation programme Phase II affected the operations of finishing mills.

1990

- In November, the 80-tonne energy optimising furnace set up with Korf Technology was commissioned.

1991

- During the year Comp. acquired a 100% export-oriented ferro-chrome manufacturing unit of OMC Alloys limited from the Orissa State Government at a total cost of 156 crores. It is located at Bammpal, Orissa, and has a capacity to produce 50,000 tonnes per annum of ferro-chrome.

- The decentralisation of imports & the dismantling of State machinery in the said area enabled the Comp. to make a foray into the inward trading of steel & steel-related products through the formation of new `Agency department.'

1992

- During March, the new 500 t.p.d oxygen plant was commissioned. In November the new one million tonne capacity `G' blast furnace was commissioned.

- During the year Comp. privately placed with UTI, LIC, Army Group Insurance Fund & GIC & its subsidiaries 17.5% non-convertible debentures worth Rs.185 crores. These debentures are redeemable at a premium of 5% at the end of 7 years from the date of allotment of the debentures.

- During June/July, the Comp. issued 4 to 7 years Secured Premium Notes of Rs.300 each as follows: [is] 110,00,000 SPN of Rs 300 each to the shareholders on the basis of minimum number of SPNs to each shareholders; [iis] 5,50,000 SPN of Rs 300 each to employees'/workers of the Comp. on the basis of 5 SPNs to each employee & [iiis] 115,50,000 warrants for subscribing against payment in cash to one share per SPNs of Rs. 10 each at a premium of Rs 70 per share exercisable between one & a half years from the date of allotment of SPNs [all the offered SPNs were taken ups].

- The principal amount of SPNs of Rs 300 each was to be repaid in 4 equal annual instalments of Rs 75 each from the end of 4th year to the end of 7th year together with an equivalent additional amount of Rs 75 with each installment.

- 920,54,616 rights shares issued [prop. 2:5; prem. Rs 70s] in June, Another 46,02,731 shares allotted to employees, etc. [prem. Rs 70 per shares].

- Each warrant holder was entitled to be allotted 1 oridinary share of Rs 10 each at a premium of Rs 70 per share, exercisable in the period of one & half years from the date of allotment.

1993

- During March, some of facilities forming part of one million tonne per annum strip mill under the modernisation programme. During the later half of year, the one million tonne per annum hot strip mill was commissioned. Both the cement units at Sonadih & Jojobera were commissioned during the year. The cement grinding unit at Jojobera was commisioned. - On 5th November, 27,72,230 equity shares of Rs. 80 each were allotted per detachable warrant issued by Comp. to the holders of SPN. Another 15,96,202 ordinary shares of Rs.80 each allotted on exercise of right under detachable warrants.

- During the third phase, another 67,92,645 shares were allotted on exercise of warrants. For the balance of 3,88,923 detachable warrants for which option had not been exercised, the option was deemed to lapsed except in respect of approx. 12,570 warrants applicable to matters which are in dispute & for which the option is deemed to be kept alive till the settlement of disputes.

- The principal amount of SPN of Rs 300 each is repayable in 4 equal installments of Rs 75 each from the end of 4th year to the end of 7th year, together with an equivalent additional amount of Rs 75 with each installment.

- The Additional payment of Rs 75 per SPN every year, was to be made up of interest of Rs 30 & Rs 15 & redemption premium of Rs 45 & Rs 60 in the 6th & 7th year respectively. - During the year the Comp. offered 2.25% convertible bonds due 1999 convertible into Global Depository Receipts. The bonds of the aggregate value of US $ 1000,00,000 was to be converted into GDRs representing shares at the option of bondholders at the conversion price of Rs.291 per GDR from 1st April 1994 to 2nd March 1999.

- 1,88,650 No. of Equity shares underlying the issue of Global Depository Receipts arising upon exercise of option attached to 21.25% convertible bonds were issued. Upto March 31, 1998 bonds worth US $ 19,04,000 were converted into ordinary shares of company. 1994

- During this period, operations in cement grinding at Jojobera were adversely affected by inadequate availability of rakes for clinker movement & certain mechanical problem. - During Feb. the Comp. issued 2 1/4 convertible bonds due 1999 convetible into Global depositing remple representing one ordinary shares of Rs.10 each at an initial conversion rate of Rs.291 per share. Each bond is in the denomination of US $ 1000.

- The bonds are redeemable at the option of company: [is] in whole but not in part at their principal amount together with accrued interest if conversion rights shall have been exercised in respect of 95% or [iis] at any time on or after 1st April 1996, in whole or in part at their principal amount together with accrued interest.

- On 24th May the Comp. allotted 3,00,00,000 naked warrants on preferential basis to the Tata Companies & associated entities.

1995

- The Comp. was implementing expansion of Hot Strip Mill to two million tonnes per annum & increasing the saleable steel capacity to 3.20 million tonne per annum. The Comp. proposed to install a bar and rod mill of 5,00,000 tonnes per annum capacity & put up a facility to produce forging quality Rounds/Squares.

- During the year Comp. had locate a new steel plant a cold rolling unit at Gopalpur, Orissa with an installed capacity of 1.1 million tonnes per annum.

- During the year central govt. had reduced the area under mining lease at Sukinda to 406 hectors from 1261 hectares. The Comp. had preferred appeals against the decision of Orissa High Court & the Supreme Court. However, the Supreme Court had dismissed the company's appeals & upheld the judgment of Orissa High Court & the decision of Central Government.

- 30,018,246 No. of Equity shares allotted to Tata Sons limited & their associate Companies on exercise of warrants held by them. 1996

- Production at the hot strip mill at 1.04 million tonnes exceeded its rated capacity & as a measure of cost reduction, coal tar injection was introduced in `A' & `B' blast furnaces. - 15,517 shares allotted on exercise of warrants of SPN.

1997

- The second Slab Reheating Furnace, Phase IV, was commissioned on 31st December. The new Coke Oven Battery No.8 with a capacity of 0.5 million tonnes per annum, was lit up on 24th March, 1998.

- On the 16th June, the Comp. opened a new 260 metre two-lane dual carriage bridge named after Jaiprakash Narain. The new bridge provides a relief to residents & industries in Jamshedpur industrial area which for past 3 decades had to depend on the National highway which had all along been congested.

- The Comp. also built up a transport park to accommodate 425 trucks and trailors with facilities for stay & comfort of drivers to avoid pollution the Comp. built a mini forest there to screen it off from the surrounding areas & thereby maintaining the greening of the city.

- The Comp. has provided new facilities like 'Jeevan Jyoti clinics' in the slum oriented area of Bagan in Jamshedpur. Also a special Family life & value education programmes were launched in Patna.

- Tata Steel international trading division was awarded the prestigious ISO-9002 certification by Indian Register Quality Systems [IRQSs].

- Tata Steel has bagged the Prime Minister trophy for best performing integrated steel plant for 1994-95. - Tata Steel won 53 prizes on the final day of 34th annual mines safety week celebrations at Meghataburu in West Singhbhum district. It also won seven prizes in different categories at the annual mines safety week celebration of Karnataka region. - Tata Iron & Steel Comp. [Tiscos] has entered into technical tie-ups with two German companies - Lurgi Metallurgie & Thyssen.

- Tata Iron and Steel Comp. [Tiscos] & Inland Steel Industries Inc of the US have joined hands to float a 50:50 joint venture Comp. called Tata Ryerson Ltd to supply processed steel directly to end-users.

- Tata Sons chairman Ratan N Tata & Inland Steel chairman, president and CEO, Inland Steel Robert J Darnall signed the joint venture agreement. - The Tata Iron & Steel Comp. has entered into an agreement with the National Securities Depository Ltd., for dematerialising its shares. With this, Tisco has become the first Tata group Comp. to enter the depository.

- Tinplate recently commissioned cold rolling mill will face serious competition from Tisco proposed CRM. - Tata Steel, the country largest steelmaker, has taken over the operations of slag granulation plant of ACC, India largest cement manufacturer.

- The steel Authority of India Limited & consultants Inc of US have signed an agreement for jointly providing technical consultancy to the TISCO.

1998

- During the year it was proposed to set up a cold rolling mill at the company works in Jamshedpur to add value to current product mix-up. Letters of intent for most of major equipment, foreign and indigenous were placed. Nippon Steel were appointed as technology consultants for project.

- Tata Iron & Steel Comp. Ltd has entered into an agreement with the city-based Internet Comp. Vedika Software limited According to the terms of agreement, India On Internet developed by Vedika will host Tisco on the Internet.

- Tata Iron and Steel Co became the world largest producer of stamp-charged coke on 24th March.

- As of March 31, 1998, 7,37,99,584 ordinary shares of Comp. have been dematerialised.

- Tisco is acquiring the cold rolled steel unit of Rs 776 crore Tata SSL Ltd in Tarapur, Maharashtra.

1999

- Tata Steel has achieved a record performance in all areas of production for first nine months [April to December 1998-99s] of the current financial year, despite the gloomy scenario in the steel sector.

- The annual general meeting [AGMs] of Tata Steel shareholders today accorded its approval to the board to issue & offer cumulative redeemable preference shares of face value of Rs 100 each for an aggregate value not exceeding Rs 250 crore in one or more tranches. - Tata Iron and Steel Comp. [Tiscos] is evaluating a possible acquisition of ferro chrome & chrome conversion plant promoted by state-owned Industrial Development Corporation of Orissa Ltd [IDCOLs].

2000

- Tata Steel is in talks with Usinor of France, one of world's largest steel manufacturers, to jointly bid for Steel Authority of India [SAILs] Salem Steel Plant.

- The Tata Iron & Steel Comp. [Tiscos] has introduced a pilot freight rationalisation project in the eastern region in line with the recommendations of global consultants Booz Allen.

- Tata Steel has been awarded the All-India Trophy for Top Exporters in the category of Manufacturing Units.

- The Comp. is expanding into chrome ore & ferro chrome production as an area of growth & plans to produce 2,00,000 tonnes of high carbon ferro chrome during 2000-01.

- Tata Steel, the flagship of Tata group, has entered into an understanding with Tata International to export 30 per cent of the production at the steel major new 1.2 million tonne cold rolling in Jamshedpur.

- The Steel Division of Tata Iron & Steel Comp. limited [Tata steels] has won the `JRD QV Award' for 2000, the highest recognition of total quality within the Tata Group.

- Tata Steel has tied up with the POSCO-Hyundai steel processing venture located in Chennai for getting its cold rolled coils processed.

- The Comp. has incorporated the first phase of mySAP.com, the collaborative Internet business model, to strengthen customer relationship.

- Tata Steel commissioned its fifth stamp charged coke oven battery at its coke plant-2.

- Private sector steel majors Tisco, Kalyani Steel & the public sector Steel Authority of India are all set to form a three-way joint venture for undertaking e-commerce activities in the steel sector.

- IBM India & Tata Steel have signed an IT agreement by which Tata Steel will outsource its IT requirements from IBM India.

- Stewarts & Lloyds of India limited a subsidiary of Tata Steel, has set up a propane handling/bottling plant for Tata Steel at Jamshedpur on build, own, operate & transfer basis.

- The Comp. has informed that, Steel Authority of India, Tata Steel and Kalyani Steel have signed MoU for creation of Internet based, global, independent B2B steel marketplace.

- Tata Steel has bagged the Prime Minister trophy for best performing steel plant for year 1998-99. - Tata Steel bagged the coveted CII-Exim Bank award for Business Excellence for 2000.

- Tata Steel has launched its latest branded steel product -- Tata Tiscon - a speciality construction grade steel which will be available in the retail market.

- Credit Rating & Investment Services of India limited has placed the Rs 26.42 crore non-convertible debenture programme of Comp. on a rating watch with positive implications.

2001

- Tata Iron & Steel Comp. limited is the recipient of National Award for Excellence in Corporate Governance for year 2000.

- Tata SSL has become a subsidiary of Tata Iron & Steel Company, following a successful open offer to the shareholders of TSSL.

- Tata Steel has emerged as the world leading steel maker in a study carried out by World Steel Dynamics [WSDs]. The Comp. has been ranked at the top among 12 companies WSD has identified as world class steel makers, Dr J.J. Irani, Managing Director, Tata Steel said at a news conference on July 18.

- Tata Steel is setting up a joint venture with IQ Martrade Holding Und Management of Germany to facilitate efficient handling of cargoes and provide the full gamut of port management at various ports in India.

- Tata Steel has increased its price of hot rolled [HRs] & cold rolled [CRs] galvanised products by Rs 500 per tonne with effect from October 1

2002

- TATA Steel Noamundi Iron Mine [NIMs] has been given away the Indira Priyadarshini Vrikshamitra Award 2000 instituted by National Afforestation and Eco-Development Board under the Union Ministry of Environment & Forests. NIM is one of biggest & fully mechanised iron ores in the newly formed State of Jharkhand. NIM is supplying high-grade iron ore to Tata Steel Jamshedpur plant. NIM was incorporated in 1925.

-Tata Iron and Steel Comp. Ltd has informed BSE that Mr S A Sabavala has resigned from the Board of Comp. w e f October 01, 2002.

-Tata Iron & Steel Comp. Ltd has informed that on his demise on October 28, 2002, Mr Mantosh Sondhi has ceased to be a Director of company.

2003 -Tata Iron and Steel co. limited entered in to a power distribution business. Tisco has began distributing power in Jamshedpur.

-Tisco gets lenders proposal to acquire Neelachal Ispat Nigam Limited [NINLs]

-Tata Steel signed an agreement with its consortium partners for setting up its titania project in Tamil Nadu.

-Tata Steel has been awarded Engineering Export Promotion Council National Award for outstanding export performance for year 2000-2001, sponsored by ministry of commerce, govt of India.

-Tata Steel mines division as well as its ferro alloys and mineral division [FAMDs] have bagged 24 awards in group events & 21 in individual events in the different categories of safety competitions

-The Tatas have appointed Rajeev Dubey, who had to quit as managing director of agrochemical major Rallis India following heavy losses during the last financial year, as advisor to Tata Steel managing director B Muthuraman.

-Tata Steel records good performance on advance tax payment talks

-Praxair, the Bangalore-based industrial gases supplier, has bagged an order from Tata Steel for setting up a facility for on-site supply of oxygen, nitrogen & argon. The Comp. would build an air separation plant with control systems adjacent to Tata Steel works at Jamshedpur.

2004

-Tata Steel April-Dec output of crude and saleable steel over 3 million tonnes

-Tata Steel gets Petroleum Conservation Research Association award for energy conservation

-Tata Steel breaks JV with Veolia Water

-Swosti group takes over Tisco property at Gopalpur

--Metaljunction [MJs]- the online trading & procurement joint venture of Tata Steel & Steel Authority of India [SAILs]- has roped in UTI Bank to start off own equipment for Tata Steel.

-The flat products division of Tata Iron and Steel Comp. Ltd [Tiscos] was awarded the ISO/TS 16949 certification on March 30

-Jamshedpur Utility & Services Comp. [Juscos], a wholly owned subsidiary of Tata Steel, has tied up with Canadian Minnaean Building Solutions for using its patent on high gauge steel-based housing & construction

-Tata Steel Ferro Alloys and Minerals Division [FAMDs] & Bearing Division received the CII award for 'Significant Improvement in Productivity' for 2003-2004.

-Solid Energy, New Zealand largest producer, distributor & exporter of coal, will be supplying high quality coking coal to Tata Steel. Solid Energy recently signed a three-year contract with Tata Steel for supplying high-grade coking coal

-Tata Iron & Steel Comp. Ltd [Tiscos] have signed a barter agreement with one of China top trading companies to exchange its iron ore for coke

- Tata Steel ranked among global companies in the world most respected companies survey, 2003 for corporate social responsibility

-Tata Steel Sukinda Chromite Mine in Orissa has been conferred the SA: 8000:2001 certification conferred by Social Accountability International [SAIs], USA.

-R&D team conferred the 'Technology Day Meritorious Invention Award' by National Research and Development Corp [NRDCs]

-Tata Steel launched 'Wiron', a branded galvanised wire, aiming at a sales target of three lakh tonnes

-Tata Steel, country largest integrated steel producer in private sector announced a partnership with SAP India for offering business software solutions for industry

-Tata Iron and Steel Comp. Ltd has informed that with effect from August 01, 2004, Mr Koushik Chatterjee has been appointed as Vice President Finance

-Tata Steel buys Singapore NatSteel

-Tata Steel & Larsen and Toubro [L&Ts] signs definitive agreement to form a 50:50 joint venture for setting up a port at Dhamra in Orissa on October 29, 2004.

2005

-Tata Iron & Steel Comp. Ltd signs Joint Venture Agreements with Iranian Mines & Mining Industries Development & Renovation Organization to join them in proposed steel-making projects & mining operations in Iran.

-Tata Steel has signed a memorandum of understanding with Nippon Steel Corporation of Japan for its proposed 6 million tonne per annum steel plant in Kalinganagar, in Jajpur district of Orissa

-Hoogly Met Coke & Power Co Ltd, a joint venture between Tata Steel & West Bengal Industrial Development Corporation, has been allotted 180 acres of land for its proposed metallurgical coke & power plant project at Haldia.

-Tata Steel sets up steel retail store Steeljunction

2006

-Tata steel sets up Jiggling & hydro-cyclone plant

-Tisco establishes processing unit at Noamundi mine

-Tata Steel signs JV Agreement with Tata Power to set up captive power plants.

2007

-Tata Steel enters into Share Purchase Agreement with Rawmet Ferrous Industries.

-Tata Steel completes œ6.2bn acquisition of Corus Group plc.

- Tata Steel signs MOU with Vietnam Steel Corporation for proposed steel project in Ha Tinh province in Vietnam.

-On August 03, 2007, the Tata Steel Ltd & Riversdale Mining limited have entered into a Memorandum of Understanding, whereby the Comp. will become a strategic investor in Riversdale Mozambique Coal Project, by acquiring 35% stake in it for a sum of A$ 100 million.

-Tata Steel Ltd has informed that Riversdale Mining Ltd & the Comp. have signed an agreement to establish a special purpose joint venture vehicle to develop a hard coking & thermal coal project at key coal exploration tenements held by Riversdale in Mozambique.

-Tata Steel Ltd & SODEMI sign a Joint Venture Agreement for Mount Nimba Iron Ore deposits in Ivory Coast, West Africa.

-The Comp. has issued rights in the ratio of 1:5 at a premium of Rs. 290/- Per Share.

2008

-Tata Steel has concluded an alliance pact with the Al Bahja Group of Oman for development of Uyun limestone deposits at Salalah in the Sultanate of Oman. xxbottomxx

History of Tata Steel Ltd.

1907

- The Tata Iron & Steel Comp. Limited was formed in 1907 at Mumbai. The Comp. manufactures rails, fishplates, bars, light structurals, heavy structurals, plates, black sheets, galvanised sheets, tin bars, sleeper bars, sleepers, blooms, billets, sheet bars, wheels, tyres and axles, skelp & strip, & special steels tools such as picks, beaters, hammers & shovels & red-oxide, coal tar, sulphate of ammonia, etc.

- Iron & steel are made by open hearth, duplex electric & a combination of these processes, & the steel is rolled into finished products.

1917

- During the year 1,50,000 equity shares issued at par & 26,250 deferred shares issued at a premium of Rs.370 per share.

1919

- During the year 7,00,000 second pref. shares of Rs.100 each issued at par. 6181 second pref. shares forfeited.

1954

- During the year, 8750 defd. shares of Rs.30 each converted into 292,500 equity shares of Rs.75 each. 642,500 bonus equity shares issued in prop. 1:1.

1956

- During the year 12,85,000 right equity shares issued in prop.1:1, and a premium of 30 per share.

1959

- 12,142 rights share subscribed for 11,524 bonus equity shares allotted in prop. 1:1.

1960

- During the year 3,75,000 A IInd pref. and 6,18,372 equity shares offered in prop. 1:2 and 1:5. [Arrears: 29,625.s]

1961

- During the year 1,330 A, IInd pref. shares & 2,959 No. of equity shares were subscribed for. Arrears Rs.840.

1967

- In March 14,69,722 bonus equity shares issued in prop. 2:5. Arrears Rs.136.

1973

- With effect from 1st April, the wholly owned subsidiary, West Bokaro Ltd., was amalgamated with the company.

1980

- Tata Steel & ACC signed a long-term agreement, valid up to the end of 1991, whereby the slag from the granulation plant could be taken by ACC.

1982

- On 19th March, the Comp. approved the proposal to convert the company irredeemable preference shares into redeemable non-convertible bonds. The interest on bonds is payable with effect from 1st April, 1983 at half-yearly rests. Thus bonds of face value aggregating Rs 11.40 crores were issued under this scheme.

1983

- During the year Indian Tube Comp. Limited was amalgamated with the company. After the amalgamation, the Comp. produces a wide range of tubes including seamless & welded quality tubes. The Comp. also makes agricultural implements & alloy steel baring rings.

- As a measure of diversification, the Comp. agreed to purchase the bearings manufacturing plant of Metal Box India, limited at Kharagpur as a going concern with effect from 1st October.

- During the same year, the Comp. acquired the Barings Unit of the Metal Box Comp. of India Limited & is today a leading manufacturer of Ball & Tapered Roller Bearings with an annual installed capacity of over 5 million bearings which is being further augmented to 10 million bearings.

1984

- As a measure of diversification, the Comp. entered into a lease agreement with Bihar State Industrial Development Corporation, to reopen Kumardhubi Engineering Works limited For this purpose a new company under the name Kumardhubi Metal Castings and Engineering Co., limited was formed. The Comp. would have a share of 49% & the BSIDIC would hold 51% in this joint sector company. - During March-May the Comp. offered 15% non-convertible debentures for Rs.50 crores as right to raise funds for working capital & also for capital expenditure.

- The Comp. decided to accept subscription to the extent of Rs. 75 crores. The redemption date for debentures worth Rs 16.09 crores was extended by seven years from 16th September, 1991 & rate of interest raised to 16% from 16.9.1991.

1985

- With effect from 1st October, Indian Tube Co. Ltd was amalgamated with TISCO.

- In terms of scheme of amalgamation, the shareholders of ITC were allotted 72,153 No. of equity shares of TISCO in the proportion of 1 share of TISCO for every 2 shares of ITC held.

- 72,153 shares issued to members of Indian Tube Co. Ltd., as on 1.10.1985 on its merger. 9,89,077 shares issued at par on part conversion of 13.5% bonds.

1986

- In October, higher recovery of iron-bearing materials from waste materials viz., a Rs.18.5 crores waste-recycling plant, was commissioned.

1987

- On 2nd March, 300,000 tonne capacity bar & rod mill costing about Rs.78 crores was commissioned under the second phase of modernisation.

- On 11th August, approvals were received for investment of Rs.16 crores in the Capital of Tata Timken Ltd., a Comp. promoted by Tata Steel in collaboration with Timken Co. USA, for manufacture of bearings for automotive industry, industrial machinery & for the Indian Railways.

- 33,05,147 Bonus shares allotted in August, [prop. 2:5s] 40,16,000 rights shares then issued [prem. Rs 30 per share; prop. 1:3s]. Another 2,00,800 shares offered [prem. Rs 350 per shares] to the employees [including working directorss]/workers on equitable basis [only 50,397 shares taken ups].

1988

- During the period the company, installed a new sinter plant with a capacity of 1.3 million tonnes per annum, a new coke over battery with stamp charging facilities, a raw material bedding a blending yard, a high speed bar & rod mill with a capacity of 3,00,000 tonnes per annum & facilities to augment captive power generation by 60 MW.

- 75 No. of equity shares out of rights issue made on August 1987, allotted to employees on 31.8.1988.

- The Comp. made large scale utilisation of blue dust, normally considered a waste material, in sinter making in the steel industry. - In July, letter of intent was received for manufacture of 0.30 million tonnes per annum of ordinary portland cement at Nipania/Sonadih in the Raipur district of M.P & 1.43 million tonnes per annum of Portland Blast furnace slag cement at Jamshedpur. Technical consultancy agreements in respect of this project were signed with Holtech India & Holderbank [HMCs], Switzerland.

1989

- During the period, civil work commenced on major production and supporting facilities such as hot strip mill with a capacity of 1 million tonnes per annum, a blast furnance & an energy optimising furnace.

- The profits were affected by erratic power supply, escalation in input costs & heavy interest charges payable on convertible debentures.

- During the year, the Comp. issued two series of debentures for a total value of Rs.565 crores. In the Ist series 34,16,667 - 12% fully convertible debentures of Rs.600 each for a total value of Rs. 205 crores were offered as follows:

- [is] 32,54,167 debentures to the equity shareholders of Comp. on rights basis in the ratio of 1 debenture for every 5 equity shares held [all were taken ups].

- Additional 4,80,403 debentures were allotted to retain over subscription and

- [iis] 1,62,500 debentures to the employees/workers of Company [none were taken ups].

- Each debenture of Rs 600 would be automatically & compulsorily converted into 1 equity share of Rs 100 at a premium of Rs 500 per share as on 1st February, 1990.

- Another 7,722 debentures reserved for allotment to shareholders who were unable to subscribe for genuine reasons [of these 4,722 allotment to financial institutions & 3,000 reserved for allotment to shareholderss]. - In IInd series, the Comp. offered 30,00,000 partly convertible debentures of Rs.1,200 each along with 4,50,000 debentures permitted to be retained as over subscription.

- Of these the following debentures were reserved for allotment on a preferential basis:

- [is] 7,50,000 debentures along with 1,12,500 debentures permitted to be retained as oversubscription to shareholders of Comp. [all were taken ups];

- [iis] 1,25,000 debentures along with 18,750 debentures as over subscription to employees [only 7,885 debentures taken ups];

- [iiis] 2,91,667 debentures along with permitted retention of 43,750 debentures to IFCW [only 2,91,667 debentures taken ups] and

- [ivs] 10,00,000 debentures to Tata Companies along with permitted retention of 1,50,000 debentures [only 10,08,325 debentures taken ups].

- The balance 8,33,333 debentures along with permitted retention of 1,25,000 debentures were issued to the public through a prospectus. In addition, unsubscribed portion of preferential quota adding upto 3,21,290 debentures were also issued to the public [all were taken ups].

- A portion of Rs 600 of each debenture was automatically and compulsorily converted into 1 equity share of Rs 100 of Comp. at a premium of Rs. 500 per share on 1st February 1990. The non-convertible portion of Rs 600 of each debenture would be redeemed at par on the expiry of 8 years from the date of allotment of debentures.

- Severe shortages & wide fluctations in the power supply from the DVC coupled with increased requirements of power with the commissioning of various units under modernisation programme Phase II affected the operations of finishing mills.

1990

- In November, the 80-tonne energy optimising furnace set up with Korf Technology was commissioned.

1991

- During the year Comp. acquired a 100% export-oriented ferro-chrome manufacturing unit of OMC Alloys limited from the Orissa State Government at a total cost of 156 crores. It is located at Bammpal, Orissa, and has a capacity to produce 50,000 tonnes per annum of ferro-chrome.

- The decentralisation of imports & the dismantling of State machinery in the said area enabled the Comp. to make a foray into the inward trading of steel & steel-related products through the formation of new `Agency department.'

1992

- During March, the new 500 t.p.d oxygen plant was commissioned. In November the new one million tonne capacity `G' blast furnace was commissioned.

- During the year Comp. privately placed with UTI, LIC, Army Group Insurance Fund & GIC & its subsidiaries 17.5% non-convertible debentures worth Rs.185 crores. These debentures are redeemable at a premium of 5% at the end of 7 years from the date of allotment of the debentures.

- During June/July, the Comp. issued 4 to 7 years Secured Premium Notes of Rs.300 each as follows: [is] 110,00,000 SPN of Rs 300 each to the shareholders on the basis of minimum number of SPNs to each shareholders; [iis] 5,50,000 SPN of Rs 300 each to employees'/workers of the Comp. on the basis of 5 SPNs to each employee & [iiis] 115,50,000 warrants for subscribing against payment in cash to one share per SPNs of Rs. 10 each at a premium of Rs 70 per share exercisable between one & a half years from the date of allotment of SPNs [all the offered SPNs were taken ups].

- The principal amount of SPNs of Rs 300 each was to be repaid in 4 equal annual instalments of Rs 75 each from the end of 4th year to the end of 7th year together with an equivalent additional amount of Rs 75 with each installment.

- 920,54,616 rights shares issued [prop. 2:5; prem. Rs 70s] in June, Another 46,02,731 shares allotted to employees, etc. [prem. Rs 70 per shares].

- Each warrant holder was entitled to be allotted 1 oridinary share of Rs 10 each at a premium of Rs 70 per share, exercisable in the period of one & half years from the date of allotment.

1993

- During March, some of facilities forming part of one million tonne per annum strip mill under the modernisation programme. During the later half of year, the one million tonne per annum hot strip mill was commissioned. Both the cement units at Sonadih & Jojobera were commissioned during the year. The cement grinding unit at Jojobera was commisioned. - On 5th November, 27,72,230 equity shares of Rs. 80 each were allotted per detachable warrant issued by Comp. to the holders of SPN. Another 15,96,202 ordinary shares of Rs.80 each allotted on exercise of right under detachable warrants.

- During the third phase, another 67,92,645 shares were allotted on exercise of warrants. For the balance of 3,88,923 detachable warrants for which option had not been exercised, the option was deemed to lapsed except in respect of approx. 12,570 warrants applicable to matters which are in dispute & for which the option is deemed to be kept alive till the settlement of disputes.

- The principal amount of SPN of Rs 300 each is repayable in 4 equal installments of Rs 75 each from the end of 4th year to the end of 7th year, together with an equivalent additional amount of Rs 75 with each installment.

- The Additional payment of Rs 75 per SPN every year, was to be made up of interest of Rs 30 & Rs 15 & redemption premium of Rs 45 & Rs 60 in the 6th & 7th year respectively. - During the year the Comp. offered 2.25% convertible bonds due 1999 convertible into Global Depository Receipts. The bonds of the aggregate value of US $ 1000,00,000 was to be converted into GDRs representing shares at the option of bondholders at the conversion price of Rs.291 per GDR from 1st April 1994 to 2nd March 1999.

- 1,88,650 No. of Equity shares underlying the issue of Global Depository Receipts arising upon exercise of option attached to 21.25% convertible bonds were issued. Upto March 31, 1998 bonds worth US $ 19,04,000 were converted into ordinary shares of company. 1994

- During this period, operations in cement grinding at Jojobera were adversely affected by inadequate availability of rakes for clinker movement & certain mechanical problem. - During Feb. the Comp. issued 2 1/4 convertible bonds due 1999 convetible into Global depositing remple representing one ordinary shares of Rs.10 each at an initial conversion rate of Rs.291 per share. Each bond is in the denomination of US $ 1000.

- The bonds are redeemable at the option of company: [is] in whole but not in part at their principal amount together with accrued interest if conversion rights shall have been exercised in respect of 95% or [iis] at any time on or after 1st April 1996, in whole or in part at their principal amount together with accrued interest.

- On 24th May the Comp. allotted 3,00,00,000 naked warrants on preferential basis to the Tata Companies & associated entities.

1995

- The Comp. was implementing expansion of Hot Strip Mill to two million tonnes per annum & increasing the saleable steel capacity to 3.20 million tonne per annum. The Comp. proposed to install a bar and rod mill of 5,00,000 tonnes per annum capacity & put up a facility to produce forging quality Rounds/Squares.

- During the year Comp. had locate a new steel plant a cold rolling unit at Gopalpur, Orissa with an installed capacity of 1.1 million tonnes per annum.

- During the year central govt. had reduced the area under mining lease at Sukinda to 406 hectors from 1261 hectares. The Comp. had preferred appeals against the decision of Orissa High Court & the Supreme Court. However, the Supreme Court had dismissed the company's appeals & upheld the judgment of Orissa High Court & the decision of Central Government.

- 30,018,246 No. of Equity shares allotted to Tata Sons limited & their associate Companies on exercise of warrants held by them. 1996

- Production at the hot strip mill at 1.04 million tonnes exceeded its rated capacity & as a measure of cost reduction, coal tar injection was introduced in `A' & `B' blast furnaces. - 15,517 shares allotted on exercise of warrants of SPN.

1997

- The second Slab Reheating Furnace, Phase IV, was commissioned on 31st December. The new Coke Oven Battery No.8 with a capacity of 0.5 million tonnes per annum, was lit up on 24th March, 1998.

- On the 16th June, the Comp. opened a new 260 metre two-lane dual carriage bridge named after Jaiprakash Narain. The new bridge provides a relief to residents & industries in Jamshedpur industrial area which for past 3 decades had to depend on the National highway which had all along been congested.

- The Comp. also built up a transport park to accommodate 425 trucks and trailors with facilities for stay & comfort of drivers to avoid pollution the Comp. built a mini forest there to screen it off from the surrounding areas & thereby maintaining the greening of the city.

- The Comp. has provided new facilities like 'Jeevan Jyoti clinics' in the slum oriented area of Bagan in Jamshedpur. Also a special Family life & value education programmes were launched in Patna.

- Tata Steel international trading division was awarded the prestigious ISO-9002 certification by Indian Register Quality Systems [IRQSs].

- Tata Steel has bagged the Prime Minister trophy for best performing integrated steel plant for 1994-95. - Tata Steel won 53 prizes on the final day of 34th annual mines safety week celebrations at Meghataburu in West Singhbhum district. It also won seven prizes in different categories at the annual mines safety week celebration of Karnataka region. - Tata Iron & Steel Comp. [Tiscos] has entered into technical tie-ups with two German companies - Lurgi Metallurgie & Thyssen.

- Tata Iron and Steel Comp. [Tiscos] & Inland Steel Industries Inc of the US have joined hands to float a 50:50 joint venture Comp. called Tata Ryerson Ltd to supply processed steel directly to end-users.

- Tata Sons chairman Ratan N Tata & Inland Steel chairman, president and CEO, Inland Steel Robert J Darnall signed the joint venture agreement. - The Tata Iron & Steel Comp. has entered into an agreement with the National Securities Depository Ltd., for dematerialising its shares. With this, Tisco has become the first Tata group Comp. to enter the depository.

- Tinplate recently commissioned cold rolling mill will face serious competition from Tisco proposed CRM. - Tata Steel, the country largest steelmaker, has taken over the operations of slag granulation plant of ACC, India largest cement manufacturer.

- The steel Authority of India Limited & consultants Inc of US have signed an agreement for jointly providing technical consultancy to the TISCO.

1998

- During the year it was proposed to set up a cold rolling mill at the company works in Jamshedpur to add value to current product mix-up. Letters of intent for most of major equipment, foreign and indigenous were placed. Nippon Steel were appointed as technology consultants for project.

- Tata Iron & Steel Comp. Ltd has entered into an agreement with the city-based Internet Comp. Vedika Software limited According to the terms of agreement, India On Internet developed by Vedika will host Tisco on the Internet.

- Tata Iron and Steel Co became the world largest producer of stamp-charged coke on 24th March.

- As of March 31, 1998, 7,37,99,584 ordinary shares of Comp. have been dematerialised.

- Tisco is acquiring the cold rolled steel unit of Rs 776 crore Tata SSL Ltd in Tarapur, Maharashtra.

1999

- Tata Steel has achieved a record performance in all areas of production for first nine months [April to December 1998-99s] of the current financial year, despite the gloomy scenario in the steel sector.

- The annual general meeting [AGMs] of Tata Steel shareholders today accorded its approval to the board to issue & offer cumulative redeemable preference shares of face value of Rs 100 each for an aggregate value not exceeding Rs 250 crore in one or more tranches. - Tata Iron and Steel Comp. [Tiscos] is evaluating a possible acquisition of ferro chrome & chrome conversion plant promoted by state-owned Industrial Development Corporation of Orissa Ltd [IDCOLs].

2000

- Tata Steel is in talks with Usinor of France, one of world's largest steel manufacturers, to jointly bid for Steel Authority of India [SAILs] Salem Steel Plant.

- The Tata Iron & Steel Comp. [Tiscos] has introduced a pilot freight rationalisation project in the eastern region in line with the recommendations of global consultants Booz Allen.

- Tata Steel has been awarded the All-India Trophy for Top Exporters in the category of Manufacturing Units.

- The Comp. is expanding into chrome ore & ferro chrome production as an area of growth & plans to produce 2,00,000 tonnes of high carbon ferro chrome during 2000-01.

- Tata Steel, the flagship of Tata group, has entered into an understanding with Tata International to export 30 per cent of the production at the steel major new 1.2 million tonne cold rolling in Jamshedpur.

- The Steel Division of Tata Iron & Steel Comp. limited [Tata steels] has won the `JRD QV Award' for 2000, the highest recognition of total quality within the Tata Group.

- Tata Steel has tied up with the POSCO-Hyundai steel processing venture located in Chennai for getting its cold rolled coils processed.

- The Comp. has incorporated the first phase of mySAP.com, the collaborative Internet business model, to strengthen customer relationship.

- Tata Steel commissioned its fifth stamp charged coke oven battery at its coke plant-2.

- Private sector steel majors Tisco, Kalyani Steel & the public sector Steel Authority of India are all set to form a three-way joint venture for undertaking e-commerce activities in the steel sector.

- IBM India & Tata Steel have signed an IT agreement by which Tata Steel will outsource its IT requirements from IBM India.

- Stewarts & Lloyds of India limited a subsidiary of Tata Steel, has set up a propane handling/bottling plant for Tata Steel at Jamshedpur on build, own, operate & transfer basis.

- The Comp. has informed that, Steel Authority of India, Tata Steel and Kalyani Steel have signed MoU for creation of Internet based, global, independent B2B steel marketplace.

- Tata Steel has bagged the Prime Minister trophy for best performing steel plant for year 1998-99. - Tata Steel bagged the coveted CII-Exim Bank award for Business Excellence for 2000.

- Tata Steel has launched its latest branded steel product -- Tata Tiscon - a speciality construction grade steel which will be available in the retail market.

- Credit Rating & Investment Services of India limited has placed the Rs 26.42 crore non-convertible debenture programme of Comp. on a rating watch with positive implications.

2001

- Tata Iron & Steel Comp. limited is the recipient of National Award for Excellence in Corporate Governance for year 2000.

- Tata SSL has become a subsidiary of Tata Iron & Steel Company, following a successful open offer to the shareholders of TSSL.

- Tata Steel has emerged as the world leading steel maker in a study carried out by World Steel Dynamics [WSDs]. The Comp. has been ranked at the top among 12 companies WSD has identified as world class steel makers, Dr J.J. Irani, Managing Director, Tata Steel said at a news conference on July 18.

- Tata Steel is setting up a joint venture with IQ Martrade Holding Und Management of Germany to facilitate efficient handling of cargoes and provide the full gamut of port management at various ports in India.

- Tata Steel has increased its price of hot rolled [HRs] & cold rolled [CRs] galvanised products by Rs 500 per tonne with effect from October 1

2002

- TATA Steel Noamundi Iron Mine [NIMs] has been given away the Indira Priyadarshini Vrikshamitra Award 2000 instituted by National Afforestation and Eco-Development Board under the Union Ministry of Environment & Forests. NIM is one of biggest & fully mechanised iron ores in the newly formed State of Jharkhand. NIM is supplying high-grade iron ore to Tata Steel Jamshedpur plant. NIM was incorporated in 1925.

-Tata Iron and Steel Comp. Ltd has informed BSE that Mr S A Sabavala has resigned from the Board of Comp. w e f October 01, 2002.

-Tata Iron & Steel Comp. Ltd has informed that on his demise on October 28, 2002, Mr Mantosh Sondhi has ceased to be a Director of company.

2003 -Tata Iron and Steel co. limited entered in to a power distribution business. Tisco has began distributing power in Jamshedpur.

-Tisco gets lenders proposal to acquire Neelachal Ispat Nigam Limited [NINLs]

-Tata Steel signed an agreement with its consortium partners for setting up its titania project in Tamil Nadu.

-Tata Steel has been awarded Engineering Export Promotion Council National Award for outstanding export performance for year 2000-2001, sponsored by ministry of commerce, govt of India.

-Tata Steel mines division as well as its ferro alloys and mineral division [FAMDs] have bagged 24 awards in group events & 21 in individual events in the different categories of safety competitions

-The Tatas have appointed Rajeev Dubey, who had to quit as managing director of agrochemical major Rallis India following heavy losses during the last financial year, as advisor to Tata Steel managing director B Muthuraman.

-Tata Steel records good performance on advance tax payment talks

-Praxair, the Bangalore-based industrial gases supplier, has bagged an order from Tata Steel for setting up a facility for on-site supply of oxygen, nitrogen & argon. The Comp. would build an air separation plant with control systems adjacent to Tata Steel works at Jamshedpur.

2004

-Tata Steel April-Dec output of crude and saleable steel over 3 million tonnes

-Tata Steel gets Petroleum Conservation Research Association award for energy conservation

-Tata Steel breaks JV with Veolia Water

-Swosti group takes over Tisco property at Gopalpur

--Metaljunction [MJs]- the online trading & procurement joint venture of Tata Steel & Steel Authority of India [SAILs]- has roped in UTI Bank to start off own equipment for Tata Steel.

-The flat products division of Tata Iron and Steel Comp. Ltd [Tiscos] was awarded the ISO/TS 16949 certification on March 30

-Jamshedpur Utility & Services Comp. [Juscos], a wholly owned subsidiary of Tata Steel, has tied up with Canadian Minnaean Building Solutions for using its patent on high gauge steel-based housing & construction

-Tata Steel Ferro Alloys and Minerals Division [FAMDs] & Bearing Division received the CII award for 'Significant Improvement in Productivity' for 2003-2004.

-Solid Energy, New Zealand largest producer, distributor & exporter of coal, will be supplying high quality coking coal to Tata Steel. Solid Energy recently signed a three-year contract with Tata Steel for supplying high-grade coking coal

-Tata Iron & Steel Comp. Ltd [Tiscos] have signed a barter agreement with one of China top trading companies to exchange its iron ore for coke

- Tata Steel ranked among global companies in the world most respected companies survey, 2003 for corporate social responsibility

-Tata Steel Sukinda Chromite Mine in Orissa has been conferred the SA: 8000:2001 certification conferred by Social Accountability International [SAIs], USA.

-R&D team conferred the 'Technology Day Meritorious Invention Award' by National Research and Development Corp [NRDCs]

-Tata Steel launched 'Wiron', a branded galvanised wire, aiming at a sales target of three lakh tonnes

-Tata Steel, country largest integrated steel producer in private sector announced a partnership with SAP India for offering business software solutions for industry

-Tata Iron and Steel Comp. Ltd has informed that with effect from August 01, 2004, Mr Koushik Chatterjee has been appointed as Vice President Finance

-Tata Steel buys Singapore NatSteel

-Tata Steel & Larsen and Toubro [L&Ts] signs definitive agreement to form a 50:50 joint venture for setting up a port at Dhamra in Orissa on October 29, 2004.

2005

-Tata Iron & Steel Comp. Ltd signs Joint Venture Agreements with Iranian Mines & Mining Industries Development & Renovation Organization to join them in proposed steel-making projects & mining operations in Iran.

-Tata Steel has signed a memorandum of understanding with Nippon Steel Corporation of Japan for its proposed 6 million tonne per annum steel plant in Kalinganagar, in Jajpur district of Orissa

-Hoogly Met Coke & Power Co Ltd, a joint venture between Tata Steel & West Bengal Industrial Development Corporation, has been allotted 180 acres of land for its proposed metallurgical coke & power plant project at Haldia.

-Tata Steel sets up steel retail store Steeljunction

2006

-Tata steel sets up Jiggling & hydro-cyclone plant

-Tisco establishes processing unit at Noamundi mine

-Tata Steel signs JV Agreement with Tata Power to set up captive power plants.

2007

-Tata Steel enters into Share Purchase Agreement with Rawmet Ferrous Industries.

-Tata Steel completes œ6.2bn acquisition of Corus Group plc.

- Tata Steel signs MOU with Vietnam Steel Corporation for proposed steel project in Ha Tinh province in Vietnam.

-On August 03, 2007, the Tata Steel Ltd & Riversdale Mining limited have entered into a Memorandum of Understanding, whereby the Comp. will become a strategic investor in Riversdale Mozambique Coal Project, by acquiring 35% stake in it for a sum of A$ 100 million.

-Tata Steel Ltd has informed that Riversdale Mining Ltd & the Comp. have signed an agreement to establish a special purpose joint venture vehicle to develop a hard coking & thermal coal project at key coal exploration tenements held by Riversdale in Mozambique.

-Tata Steel Ltd & SODEMI sign a Joint Venture Agreement for Mount Nimba Iron Ore deposits in Ivory Coast, West Africa.

-The Comp. has issued rights in the ratio of 1:5 at a premium of Rs. 290/- Per Share.

2008

-Tata Steel has concluded an alliance pact with the Al Bahja Group of Oman for development of Uyun limestone deposits at Salalah in the Sultanate of Oman.

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