| 1907
- The Tata Iron and Steel Company Limited was
formed in 1907 at Mumbai. The Company 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 and strip, and special steels tools such as picks,
beaters, hammers and shovels and red-oxide, coal tar, sulphate
of ammonia, etc.
- Iron and steel are made by the open hearth,
duplex electric and a combination of these processes, and the
steel is rolled into finished products.
1917
- During the year 1,50,000 equity shares
issued at par and 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. &
6,18,372 equity shares offered in prop. 1:2 & 1:5. (Arrears:
29,625.)
1961
- During the year 1,330 A, IInd pref. shares
and 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 and 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 company approved the
proposal to convert the company's 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 Company Limited
was amalgamated with the company. After the amalgamation, the
company produces a wide range of tubes including seamless and
welded quality tubes. The company also makes agricultural
implements and alloy steel baring rings.
- As a measure of diversification, the
Company agreed to purchase the bearings manufacturing plant of
Metal Box India, Ltd. at Kharagpur as a going concern with
effect from 1st October.
- During the same year, the company acquired
the Barings Unit of the Metal Box Company of India Limited and
is today a leading manufacturer of Ball and 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
company entered into a lease agreement with Bihar State
Industrial Development Corporation, to reopen Kumardhubi
Engineering Works Ltd. For this purpose a new company under the
name Kumardhubi Metal Castings & Engineering Co., Ltd. was
formed. The company would have a share of 49% and the BSIDIC
would hold 51% in this joint sector company. - During March-May
the company offered 15% non-convertible debentures for Rs.50
crores as right to raise funds for working capital and also for
capital expenditure.
- The Company 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 and 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 the 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
and 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
company promoted by Tata Steel in collaboration with Timken Co.
USA, for the manufacture of bearings for the automotive
industry, industrial machinery and for the Indian Railways.
- 33,05,147 Bonus shares allotted in August,
(prop. 2:5) 40,16,000 rights shares then issued (prem. Rs 30 per
share; prop. 1:3). Another 2,00,800 shares offered (prem. Rs 350
per share) to the employees (including working
directors)/workers on equitable basis (only 50,397 shares taken
up).
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 and rod
mill with a capacity of 3,00,000 tonnes per annum and facilities
to augment captive power generation by 60 MW.
- 75 No. of equity shares out of the rights
issue made on August 1987, allotted to employees on 31.8.1988.
- The Company 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 the manufacture of 0.30 million tonnes per annum of
ordinary portland cement at Nipania/Sonadih in the Raipur
district of M.P and 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 and Holderbank (HMC), 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 and an energy optimising furnace.
- The profits were affected by erratic power
supply, escalation in input costs and heavy interest charges
payable on convertible debentures.
- During the year, the company 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:
- (i) 32,54,167 debentures to the equity
shareholders of the Company on rights basis in the ratio of 1
debenture for every 5 equity shares held (all were taken up).
- Additional 4,80,403 debentures were
allotted to retain over subscription and
- (ii) 1,62,500 debentures to the
employees/workers of the Company (none were taken up).
- Each debenture of Rs 600 would be
automatically and 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 and 3,000 reserved for allotment to shareholders).
- In IInd series, the company 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:
- (i) 7,50,000 debentures along with 1,12,500
debentures permitted to be retained as oversubscription to
shareholders of the Company (all were taken up);
- (ii) 1,25,000 debentures along with 18,750
debentures as over subscription to employees (only 7,885
debentures taken up);
- (iii) 2,91,667 debentures along with
permitted retention of 43,750 debentures to IFCW (only 2,91,667
debentures taken up) and
- (iv) 10,00,000 debentures to Tata Companies
along with permitted retention of 1,50,000 debentures (only
10,08,325 debentures taken up).
- 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 the preferential quota adding upto 3,21,290 debentures were
also issued to the public (all were taken up).
- A portion of Rs 600 of each debenture was
automatically and compulsorily converted into 1 equity share of
Rs 100 of the Company 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 and 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 the finishing mills.
1990
- In November, the 80-tonne energy optimising
furnace set up with Korf Technology was commissioned.
1991
- During the year Company acquired a 100%
export-oriented ferro-chrome manufacturing unit of OMC Alloys
Ltd. 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 and the
dismantling of State machinery in the said area enabled the
Company to make a foray into the inward trading of steel and
steel-related products through the formation of a 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 company privately placed
with UTI, LIC, Army Group Insurance Fund and GIC and 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 company issued 4 to 7
years Secured Premium Notes of Rs.300 each as follows: (i)
110,00,000 SPN of Rs 300 each to the shareholders on the basis
of a minimum number of SPNs to each shareholders; (ii) 5,50,000
SPN of Rs 300 each to employees'/workers of the Company on the
basis of 5 SPNs to each employee and (iii) 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 and a half years from the date of allotment of SPNs (all the
offered SPNs were taken up).
- 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 the 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 70) in June, Another 46,02,731 shares allotted to
employees, etc. (prem. Rs 70 per share).
- 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 and half years from
the date of allotment.
1993
- During March, some of the facilities
forming part of the one million tonne per annum strip mill under
the modernisation programme. During the later half of the year,
the one million tonne per annum hot strip mill was commissioned.
Both the cement units at Sonadih and 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 the
company 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 and 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 the 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 and Rs 15 and
redemption premium of Rs 45 and Rs 60 in the 6th and 7th year
respectively. - During the year the company 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 the 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 the company. 1994
- During this period, operations in cement
grinding at Jojobera were adversely affected by inadequate
availability of rakes for clinker movement and certain
mechanical problem. - During Feb. the company 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
the company: (i) 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 (ii) 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 company allotted
3,00,00,000 naked warrants on preferential basis to the Tata
Companies and associated entities.
1995
- The company was implementing expansion of
the Hot Strip Mill to two million tonnes per annum and
increasing the saleable steel capacity to 3.20 million tonne per
annum. The company proposed to install a bar and rod mill of
5,00,000 tonnes per annum capacity and put up a facility to
produce forging quality Rounds/Squares.
- During the year company 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 company had preferred appeals against the decision
of the Orissa High Court and the Supreme Court. However, the
Supreme Court had dismissed the company's appeals and upheld the
judgment of Orissa High Court and the decision of Central
Government.
- 30,018,246 No. of Equity shares allotted to
Tata Sons Ltd. and 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 and as a measure of
cost reduction, coal tar injection was introduced in `A' and `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 Company opened a new
260 metre two-lane dual carriage bridge named after Jaiprakash
Narain. The new bridge provides a relief to residents and
industries in Jamshedpur industrial area which for the past 3
decades had to depend on the National highway which had all
along been congested.
- The company also built up a transport park
to accommodate 425 trucks and trailors with facilities for the
stay and comfort of the drivers to avoid pollution the company
built a mini forest there to screen it off from the surrounding
areas and thereby maintaining the greening of the city.
- The company has provided new facilities
like "Jeevan Jyoti clinics" in the slum oriented area of Bagan
in Jamshedpur. Also a special Family life and value education
programmes were launched in Patna.
- Tata Steel's international trading division
was awarded the prestigious ISO-9002 certification by the Indian
Register Quality Systems (IRQS).
- Tata Steel has bagged the Prime Minister's
trophy for the best performing integrated steel plant for
1994-95. - Tata Steel won 53 prizes on the final day of the 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 and Steel Company (Tisco) has
entered into technical tie-ups with two German companies - Lurgi
Metallurgie and Thyssen.
- Tata Iron & Steel Company (Tisco) and
Inland Steel Industries Inc of the US have joined hands to float
a 50:50 joint venture company called Tata Ryerson Ltd to supply
processed steel directly to end-users.
- Tata Sons chairman Ratan N Tata and Inland
Steel chairman, president and CEO, Inland Steel Robert J Darnall
signed the joint venture agreement. - The Tata Iron and Steel
company has entered into an agreement with the National
Securities Depository Ltd., for dematerialising its shares. With
this, Tisco has become the first Tata group company to enter the
depository.
- Tinplate's recently commissioned cold
rolling mill will face serious competition from Tisco's proposed
CRM. - Tata Steel, the country's largest steelmaker, has taken
over the operations of a slag granulation plant of ACC, India's
largest cement manufacturer.
- The steel Authority of India Limited and
consultants Inc of the 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's works in Jamshedpur to add
value to current product mix-up. Letters of intent for most of
the major equipment, foreign and indigenous were placed. Nippon
Steel were appointed as technology consultants for the project.
- Tata Iron and Steel Company Ltd has entered
into an agreement with the city-based Internet company Vedika
Software Ltd. According to the terms of the agreement, India On
Internet developed by Vedika will host Tisco on the Internet.
- Tata Iron & Steel Co became the world's
largest producer of stamp-charged coke on 24th March.
- As of March 31, 1998, 7,37,99,584 ordinary
shares of the company 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 the first nine months
(April to December 1998-99) of the current financial year,
despite the gloomy scenario in the steel sector.
- The annual general meeting (AGM) of Tata
Steel shareholders today accorded its approval to the board to
issue and offer cumulative redeemable preference shares of the
face value of Rs 100 each for an aggregate value not exceeding
Rs 250 crore in one or more tranches. - Tata Iron & Steel
Company (Tisco) is evaluating a possible acquisition of the
ferro chrome and chrome conversion plant promoted by state-owned
Industrial Development Corporation of Orissa Ltd (IDCOL).
2000
- Tata Steel is in talks with Usinor of
France, one of the world's largest steel manufacturers, to
jointly bid for Steel Authority of India's (SAIL) Salem Steel
Plant.
- The Tata Iron and Steel Company (Tisco) 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 Company is expanding into chrome ore
and ferro chrome production as an area of growth and plans to
produce 2,00,000 tonnes of high carbon ferro chrome during
2000-01.
- Tata Steel, the flagship of the Tata group,
has entered into an understanding with Tata International to
export 30 per cent of the production at the steel major's new
1.2 million tonne cold rolling in Jamshedpur.
- The Steel Division of the Tata Iron and
Steel Company Ltd. (Tata steel) 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 Company 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 and 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 and Tata Steel have signed an IT
agreement by which Tata Steel will outsource its IT requirements
from IBM India.
- Stewarts and Lloyds of India Ltd. a
subsidiary of Tata Steel, has set up a propane handling/bottling
plant for Tata Steel at Jamshedpur on build, own, operate and
transfer basis.
- The Company 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's
trophy for the best performing steel plant for the 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 and Investment Services of
India Ltd. has placed the Rs 26.42 crore non-convertible
debenture programme of the company on a rating watch with
positive implications.
2001
- Tata Iron and Steel Company Ltd. is the
recipient of National Award for Excellence in Corporate
Governance for the year 2000.
- Tata SSL has become a subsidiary of Tata
Iron and Steel Company, following a successful open offer to the
shareholders of TSSL.
- Tata Steel has emerged as the world's
leading steel maker in a study carried out by World Steel
Dynamics (WSD). The company 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 (HR) and cold rolled (CR) galvanised products by Rs 500
per tonne with effect from October 1
2002
- TATA Steel's Noamundi Iron Mine (NIM) has
been given away the Indira Priyadarshini Vrikshamitra Award 2000
instituted by the National Afforestation & Eco-Development Board
under the Union Ministry of Environment and Forests. NIM is one
of the biggest and fully mechanised iron ores in the newly
formed State of Jharkhand. NIM is supplying high-grade iron ore
to Tata Steel's Jamshedpur plant. NIM was incorporated in 1925.
-Tata Iron & Steel Company Ltd has informed
BSE that Mr S A Sabavala has resigned from the Board of the
Company w e f October 01, 2002.
-Tata Iron and Steel Company Ltd has informed
that on his demise on October 28, 2002, Mr Mantosh Sondhi has
ceased to be a Director of the company.
2003 -Tata Iron & Steel co. Ltd. entered in
to a power distribution business. Tisco has began distributing
power in Jamshedpur.
-Tisco gets lenders proposal to acquire
Neelachal Ispat Nigam Limited (NINL)
-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 the year 2000-2001, sponsored by ministry of
commerce, govt of India.
-Tata Steel's mines division as well as its
ferro alloys & mineral division (FAMD) have bagged 24 awards in
group events and 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 and argon.
The company would build an air separation plant with control
systems adjacent to Tata Steel's works at Jamshedpur.
2004
-Tata Steel April-Dec output of crude &
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 (MJ)- the online trading and
procurement joint venture of Tata Steel and Steel Authority of
India (SAIL)- has roped in UTI Bank to start off own equipment
for Tata Steel.
-The flat products division of Tata Iron &
Steel Company Ltd (Tisco) was awarded the ISO/TS 16949
certification on March 30
-Jamshedpur Utility and Services Company
(Jusco), 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 and construction
-Tata Steel's Ferro Alloys & Minerals
Division (FAMD) and Bearing Division received the CII award for
'Significant Improvement in Productivity' for 2003-2004.
-Solid Energy, New Zealand's largest
producer, distributor and 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 and Steel Company Ltd (Tisco) have
signed a barter agreement with one of China's top trading
companies to exchange its iron ore for coke
- Tata Steel ranked among global companies in
the world's most respected companies survey, 2003 for corporate
social responsibility
-Tata Steel's Sukinda Chromite Mine in Orissa
has been conferred the SA: 8000:2001 certification conferred by
the Social Accountability International (SAI), USA.
-R&D team conferred the 'Technology Day
Meritorious Invention Award' by the National Research &
Development Corp (NRDC)
-Tata Steel launched "Wiron", a branded
galvanised wire, aiming at a sales target of three lakh tonnes
-Tata Steel, country's largest integrated
steel producer in private sector announced a partnership with
SAP India for offering business software solutions for the
industry
-Tata Iron & Steel Company Ltd has informed
that with effect from August 01, 2004, Mr Koushik Chatterjee has
been appointed as Vice President Finance
-Tata Steel buys Singapore's NatSteel
-Tata Steel and Larsen & Toubro (L&T) 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 and Steel Company Ltd signs Joint
Venture Agreements with Iranian Mines and Mining Industries
Development and Renovation Organization to join them in proposed
steel-making projects and 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 and Power Co Ltd, a joint
venture between Tata Steel and West Bengal Industrial
Development Corporation, has been allotted 180 acres of land for
its proposed metallurgical coke and power plant project at
Haldia.
-Tata Steel sets up steel retail store
Steeljunction
2006
-Tata steel sets up Jiggling and
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 the proposed steel project in Ha Tinh province
in Vietnam.
-On August 03, 2007, the Tata Steel Ltd and
Riversdale Mining Ltd. have entered into a Memorandum of
Understanding, whereby the Company will become a strategic
investor in Riversdale's 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 and the Company have signed an agreement to establish
a special purpose joint venture vehicle to develop a hard coking
and thermal coal project at key coal exploration tenements held
by Riversdale in Mozambique.
-Tata Steel Ltd and SODEMI sign a Joint
Venture Agreement for Mount Nimba Iron Ore deposits in Ivory
Coast, West Africa.
-The company 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 the development of the Uyun
limestone deposits at Salalah in the Sultanate of Oman. |