Tata Steel Limited Overview
Established in 1907 as Asia's first integrated private steel company, Tata Steel Ltd embodies a comprehensive presence in the steel manufacturing value chain from raw material extraction to finished product distribution. With an ambitious goal to escalate its domestic steelmaking capacity to 30 MnTPA by 2025, Tata Steel's product portfolio spans flat and long products, catering to diverse sectors like automotive, construction, and energy. The company has notably increased its market share in key segments, supported by its expansive network of distributors and dealers across India. Production volumes in FY22 highlighted significant outputs in DRI, crude steel, and rolled products. Tata Steel maintains a predominant market presence in India, complemented by its operations outside the country. Its manufacturing prowess is concentrated in its Jamshedpur plant and a sponge iron plant in Odisha, showcasing extensive vertical integration from sinter and pellet plants to captive power. Recent strategic moves include the development of a CRM complex and pellet plant, a joint venture with the UK government for electric arc furnace steelmaking, and several amalgamations to streamline operations. The company's substantial capex in H1FY24 underlines its commitment to expansion and decarbonization, with notable charges in its financial statements reflecting strategic restructuring and investments.