Tata Steel, the flagship company of the Tata group, has a crude steel production capacity of nearly 30 million tonnes per annum (MnTPA). A Fortune 500 company, the Tata Steel Group is the world's second-most geographically diversified steel producer, employing over 80,000 people in nearly 50 countries. The Group's Vision is to be the world steel industry benchmark in "Value Creation" and "Corporate Citizenship" through the excellence of its people, its innovative approach and overall conduct. The Tata Steel Group recorded a turnover of US$ 24.81 bn in the year ended March 31, 2014.
Tata Steel's global journey began with the aim of achieving a larger geographic footprint and to service a global customer base, including the mature markets of UK and Europe and the fast-growing markets in South East Asia and China. Apart from its Indian operations, the Tata Steel Group today comprises mainly its European operations through 'Tata Steel Europe' and its South-East Asian operations through 'Tata Steel Thailand' and 'NatSteel'.
Established in 1907, the Jamshedpur Works of Tata Steel has a crude steel production capacity of approximately 10 MnTPA and a variety of finishing mills. The Company has a significant presence in allied and downstream areas through its Strategic Business Units that include the Tubes Division, Bearings Division, Wire Division, Ferro Alloys & Minerals Division and Tata Growth Shop which develops and manufactures specialist, high-precision industrial equipment.
Constantly expanding its operations, Tata Steel's latest endeavours in India include the ongoing 6 MnTPA greenfield steel project at Kalinganagar in Jajpur district of Odisha. The Company is also examining further capacity enhancement through greenfield projects in regions of Jharkhand, Chhattisgarh and Karnataka. Additionally, Tata Steel also possesses and operates several captive iron ore, coal and chrome ore mines.
Tata Steel was founded on the philosophy that the community is not just another stakeholder in business, but is, in fact, the very purpose of its existence. The CSR activities of the Company have expanded to over 800 villages in the States of Jharkhand, Odisha and Chhattisgarh.
As a valued member of the World Steel Association (worldsteel), Tata Steel has accepted a set of Sustainability Indicators to measure its triple bottom-line performance within the steel industry. Tata Steel is a founder member of the United Nations Global Compact Programme. The Company is also guided by frameworks such as the UN Millennium Development Goals.
Driven by the values of integrity, understanding, excellence, unity and responsibility, the Tata Steel group has established an enviable corporate reputation founded on ethical and transparent approaches. The Company has been committed to living the rich values of the Founder J.N. Tata and continues to build on his legacy.
The Group, in its business pursuits is guided by the Tata Code of Conduct (TCOC), the comprehensive document that serves as the ethical roadmap for Tata employees and Group companies. The business ethos of the Tata Code of Conduct is deployed through a specially formulated structure called the Management of Business Ethics (MBE) and it is the designated 'Ethics Counsellor' who ensures adherence to the TCOC. The Company, in its endeavour to instill and reiterate the Tata Values among all its stakeholders, celebrates the month of July as the 'Ethics Month'.
Tata Steel is an equal opportunity, merit-oriented, gender-neutral employer that strives to attract the best available talent from all around the country. Remuneration and career progression is based entirely on responsibility and performance as the organisation fosters a diverse workforce comprising deserving candidates.
Steadfast on the principles of diversity and inclusion, Tata Steel continues to leverage its growth projects to diversify its workforce through positive discrimination in favour of local and marginalised communities and women. Also, a conscious effort is made to improve the gender equality and affirmative action profile.
Wellbeing of its employees is at the core of Tata Steel's Human Resource Management (HRM) policy and the Company strongly believes that it is its people that bring the commitment, ingenuity and excellence to the organisation. With Tata Values as the bedrock, the unique attributes of the Company's HRM policy are climate of openness, equity, fairness and respect for the individual, freedom to experiment, mutual trust, and teamwork to Know more.
Tata Steel, in its constant effort to reach higher standards in performance and CSR activities, has achieved recognitions from various prestigious bodies across the globe. Some of these awards are mentioned below -