Tata Steel celebrates its 115th Foundation Day
~ Reaffirms its commitment to Nation Building and a self-reliant India ~
Tata Steel today celebrated its 115th Foundation Day. 114 years ago, this day marked the birth of Tata Steel at the height of the Swadeshi movement in India. August 26, 1907, signifies the genesis of Industrial India with Tata Iron & Steel Company being registered in the country.
The journey to make India a steel making nation and shape the future of a self-reliant economy was a vision of the founder JN Tata and was brought to life by the pioneering endeavours of Sir Dorabji Tata. A total seed capital of ₹ 2,31,75,000 was raised within 3 weeks & by 1912, India was a steelmaking nation.
Tata Steel has come a long way since its inception and has successfully navigated through the ebbs and flows of wars, pandemics, and business cycles, which have only strengthened its resolve and resilience. The Company is taking strides to be future-ready structurally, financially, and culturally.
Today, as India takes confident strides towards economic ‘self-reliance’, the Company remains committed to move forward on its intertwined growth journey.
About Tata Steel
Tata Steel group is among the top global steel companies with an annual crude steel capacity of 34 million tonnes per annum. It is one of the world's most geographically diversified steel producers, with operations and commercial presence across the world. The group recorded a consolidated turnover of US $21.06 billion in the financial year ending March 31, 2021.
A Great Place to Work-CertifiedTM organisation, Tata Steel Ltd., together with its subsidiaries, associates, and joint ventures, is spread across five continents with an employee base of over 65,000.
Tata Steel has been a part of the DJSI Emerging Markets Index since 2012 and has been consistently ranked amongst top 5 steel companies in the DJSI Corporate Sustainability Assessment since 2016. Besides being a member of ResponsibleSteelTM and worldsteel’s Climate Action Programme, Tata Steel has won several awards and recognitions including the World Economic Forum’s Global Lighthouse recognition for its Jamshedpur, Kalinganagar and IJmuiden Plants, and Prime Minister’s Trophy for the best performing integrated steel plant for 2016-17. The Company, ranked as India’s most valuable Metals & Mining brand by Brand Finance, featured amongst CII Top 25 innovative Indian Companies in 2020, received rating of ‘A-‘ (leadership band) from CDP for its Climate Change disclosure and Supply Chain disclosure, Steel Sustainability Champion 2020 recognition from worldsteel, ‘Most Ethical Company’ award 2021 from Ethisphere Institute, Best Risk Management Framework & Systems Award (2020) from CNBC TV-18, and Award for Excellence in Financial Reporting FY20 from ICAI, among several others.
Statements in this press release describing the Company’s performance may be “forward looking statements” within the meaning of applicable securities laws and regulations. Actual results may differ materially from those directly or indirectly expressed, inferred or implied. Important factors that could make a difference to the Company’s operations include, among others, economic conditions affecting demand/ supply and price conditions in the domestic and overseas markets in which the Company operates, changes in or due to the environment, Government regulations, laws, statutes, judicial pronouncements and/ or other incidental factors.
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Chief, Corporate Communications - Tata Steel