Tatasteel Tata

100th Annual Report 2006-2007
 
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Chairman's Statement
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Corus
Magament of ethics
CSI
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Jamsetji Tata sent a telegram to Charles Page Perin, a geologist and metallurgist asking whether he could ride a bicycle. Mystified, he replied in the affirmative. When he reached Sakchi, he understood; miles of rutted road defied any conventional means of transport! He and his team found 3 billion tonnes of ore in the area.

The foundation of a global conglomerate was sown with this alliance. Expertise, and experience from all over were leveraged to drive the company forward. Today, Tata Steel is an international steel major with a manufacturing and marketing presence all over the world. The strategy has been that of growth and globalisation through organic and inorganic routes.

The company was originally constructed for a capacity of 160,000 tonnes of pig iron, 100,000 tonnes of ingot
steel, 70,000 tonnes of rails, beams and shapes and 20,000 tonnes of bars, hoops and rods. Constant modernisation and introduction of state-of-the-art technology has enabled Tata Steel to stay ahead in the industry and successfully meet expectations of all sections of stakeholders. It is one of the most modern steel making facilities and also one of the lowest cost producers of steel in the world.

Consequent to the recent acquisition of Corus, Tata Steel has a consolidated crude steel production capacity of 28 million tonnes and the second largest global distribution network in over 25 countries.

With the aspiration to emerge as an international steel major coupled with a sharp eye for opportunities and an unmatched core competence, Tata Steel is poised for global leadership.

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