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Tata Steel operates in 26 countries with key operations in India, the Netherlands, and the United Kingdom, and employs around 78,300 workers. [8] Its largest plant is located in Jamshedpur, Jharkhand. In 2007, Tata Steel acquired the UK-based steelmaker Corus. [9] [8] Tata Steel is the 486th largest company in the world by revenue. [10]
Ironworks at Port Talbot. Abbey Steelworks was planned in 1947, but today is correctly termed Tata Steel Strip Products UK Port Talbot Works.It is believed to be named after the Cistercian Margam Abbey that used to be on the site – a small amount of the original building still stands (protected) within the site that survived the dissolution of the monasteries.
Sir Dorabji established the Tata Iron and Steel Company (TISCO), now known as Tata Steel in 1907. Marking the group's global ambitions, Tata Limited opened its first overseas office in London. Following the founder's goals, Western India's first hydro plant was brought to life, giving birth to Tata Power.
The parent company is Tata Sons, which is the main holding company of the Tata Group. About 65% of the stock in these companies is owned by various Tata family charitable trusts, mainly the Ratan Tata Trust and the Dorab Tata Trust. Approximately 18% of the shares are held by the Pallonji Mistry family, and the rest by various Tata sons.
Tata Steel acquired a 72.65% stake in Bhushan Steel on 18 May 2018 through its subsidiary Bamnipal Steel. Tata Steel paid ₹ 35,200 crore (equivalent to ₹ 470 billion or US$5.4 billion in 2023) to Bhushan Steel's creditor banks, and an additional ₹ 1,200 crore (equivalent to ₹ 16 billion or US$180 million in 2023) over 12 months to Bhushan Steel's operational creditors. [7]
Tata Steel Europe Ltd. (formerly Corus Group plc) was a steelmaking company headquartered in London, England, with its main operations in the United Kingdom and the Netherlands. The company was created in 2007, when Tata Group took over the British-Dutch Corus Group.
On 6 October 1999, a merger was announced between the Koninklijke Hoogovens steel company of the Netherlands and British Steel to form new company Corus.. Although investment had continued at the Ebbw Vale site over the past two decades, No.2 ETL had been shut down in 1995, and rather than be redeveloped as planned had become a source of spares for the No.1 ETL.
In 1938, at the age of 34, Tata was elected Chairman of Tata Sons making him the head of the largest industrial group in India. He took over as Chairman of Tata Sons from his second cousin Nowroji Saklatwala. For decades, he directed the huge Tata Group of companies, with major interests in steel, engineering, power, chemicals and hospitality.