Tata Steel Plant In Jamshedpur Has Major Expansion Plans

The relation between Jharkhand and Tata Group is almost a century old, when Tata Steel established its Steel plant in Jamshedpur in 1907. Presently, Tata Steel is counted among the top 10 Steel Manufacturers in the world. It operates in over 20 countries and has a commercial presence in more than 50 countries.

In 1925, Noamundi iron ore mine was given to Tata Steel when its production capacity was only 1 million tonne per annum (mtpa). Since then Tata Steel has expanded its Steel Production capacity to 6.8 mtpa, now by March 2012 it plans to go for Brownfield expansion and touch its production to 10 mtpa at Jamshedpur Plant by investing Rupees 15000 crores, besides its proposed Greenfield expansion plans. However, according to company Noamundi mine has a reserve of only 200 million tonnes, and that will last maximum of 10 years when the capacity of the present day steel plant is expanded to 10 mtpa.

According to Tata Steel Officials, the Jharkhand State Government has already recommended Ankua reserve for company for which it has obtained prospective lease as well. But the company claims Ankua reserve has an estimated reserve of hardly 80 million tonne, which is insufficient even for its existing Brownfield plant let alone the proposed Greenfield plant that Tata Steel has pledged to set up in Jharkhand.

It may be noted that as on date almost all the prospected iron ore mines have been allotted in Jharkhand.

We believe that Jharkhand Government should preferably give mines to only those reputed Industrial Houses that do value addition in the state, give employment to the local population and carry promised activities under their Corporate Social Responsibility (CSR) practices.

The senior officials in Jharkhand State Government stated that in future the state may recommend cancellation of some captive mines allotted to industries that have failed to set up plants as pledged in the Memorandum of Understandings (MOUs). The state may also curtail the excess iron mines granted to some industries, besides these mines might be recommended to the bona fide users and Tata Steel could be one of them. Tata Steel is a group company of Tata Group.

Brief About Tata Group

Tata Group is one of the most diversified, largest and reputed business houses of India. Its most valuable companies are, namely, Tata Consultancy Services (TCS), Tata Motors (bought Jaguar and Land Rover), Tata Power, Titan Industries, Tata Chemicals, Tata Teleservices, Tata Global, Indian Hotels (Taj Hotels), Tata Steel (bought Corus), Voltas, et al. Sharing few more interesting facts about the Tata Group:

  • Market Capitalization 3.9 lakh crore as on 23.11.2011.
  • Turnover: Rupees 3.8 lakh crore or $ 83.3 billion as on 31.03.2011.
  • Tata Group has presence in India, United Kingdom, totalling about 80 countries in North America, Europe, China, South America, West Asia, South East Asia and Africa.
  • It generates 58% of its Turnover outside India.
  • It has 425,000 employees working in one of 114 companies, out of which 31 companies are listed in stock market.

Cyrus Pallonji Mistry To Take Over As Chairman Tata Sons In 2012

With effect from November 23rd 2011, forty-three year old Cyrus Pallonji Mistry has been appointed as Deputy Chairman of Tata Sons and he shall become Chairman of Tata Sons, when the present incumbent Ratan Tata retires in December 2012.

It should be noted that Tata Sons being the promoter of Tata Group, it owns the bulk of shares in all Tata Group Companies. Consequently the chairman of Tata Sons also means being the Chairman of Tata Group Companies. In the past, the following persons have graced the post of Tata Group’s Chairman:

Jamsetji Nusserwanji Tata

1887-1904

Sir Dorabji Tata

1904-1932

Sir Nowroji Saklatvala

1932-1938

J.R.D. Tata

1938-1991

Ratan N. Tata

1991-2012

Cyrus Pallonji Mistry

2012-onwards

Brief About Cyrus Pallonji Mistry

Born on 4th July, 1968, Cyrus Pallonji Mistry is a son of Pallonji Mistry, the largest individual shareholder in Tata Sons. He is a Civil Engineering Graduate from Imperial College London and has Master Degree (MSc.) in Management from London Business School. He was Managing Director of Shapoorji Pallonji, India’s 2nd largest construction company besides being Director, Shapoorji PallonJi & Co, Forbes Gokak, Afcon Infra and United Motors (India). He joined Tata Sons Board in 2006, as its youngest member.

Cyrus Pallonji Mistry
Cyrus Pallonji Mistry

Hopefully new Chairman of Tata Group, Cyrus Pallonji Mistry would continue to strengthen the bond between his Tata Group Companies and Jharkhand. We wish him luck.

Team Focus

Team Focus

We are bunch of commoners and our bloggers' e-magazine focuses on the AlterNative Voices from Jharkhand, India.
Team Focus
Team Focus

Written by

We are bunch of commoners and our bloggers' e-magazine focuses on the AlterNative Voices from Jharkhand, India.

Comments

Loading Facebook Comments ...

Leave your thoughts, please

Enjoy this blog? Please spread the word :)

Facebook
Twitter
Follow by Email
Google+
http://www.focusmagazine.in/tata-steel-plant-jamshedpur-major-expansion-plans
RSS