mission of tata steel

8/2/2019 Mission of Tata Steel

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MissionConsistent with the vision and values of the founder

Jamsetji Tata, Tata Steel strives to strengthen Indiasindustrial base through the effective utilization of staff andmaterials. The means envisaged to achieve this are hightechnology and productivity, consistent with modernmanagement practices.

Tata Steel recognizes that while honesty and integrity arethe essential ingredients of a strong and stable enterprise,

profitability provides the main spark for economic activity.

Overall, the Company seeks to scale the heights ofexcellence in all that it does in an atmosphere free fromfear, and thereby reaffirms its faith in democratic values.

Vision

We aspire to be the global steel industry benchmark forValue Creation and Corporate Citizenship


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3/5

The 50:50 Joint Venture agreement with BlueScope Steel Limited to form Tata BlueScope Steel Limited

became effective from May 30, 2006. It offers a comprehensive range of branded steel products for building and construction

applications. The Building Solutions facilities at Pune, Bhiwadi and Chennai have been operational since 2006-07. The Company is

constructing a state-of-the-art metallic coating and painting facility at Jamshedpur.

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TM International Logistics Limited (TMILL)

TMILL provides material handling and port operation services at Haldia and Paradip Ports in addition to

providing freight forwarding and chartering services.

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Tata NYK

This is a joint venture between Tata Steel and Nippon Yusen Kabushiki Kaisha (NYK Line) for setting up a

shipping company to cater to dry bulk and break-bulk cargo. Tata Steel and NYK will each hold 50% stake in the joint venture

company. The Company has commenced shipping activities for Tata Group companies and other clients with five ships. Tata NYK

handled around 2.4 million tonnes of dry cargo and projects, to service more than 20 million tonnes per year within five years

through a fleet of owned and chartered ships.

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www.tatanykshipping.com

S&T Mining Company Pvt Ltd

Tata Steel imports about half of its coal requirements from overseas. As the countrys steel consumption

enters a high and sustainable growth phase, the company is undertaking massive expansion plans. It has become imperative to

ensure raw material security for the company. With this in mind, the company entered into a strategic alliance with the largest steel

making company of India, SAIL. Accordingly, a new JV company, S&T Mining Co Private Limited was incorporated in September

2008 with its registered office in Kolkata. The Chairman of S&T Mining is Mr. S. N. Singh (Managing Director, Rourkela Steel Plant)
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4/5

while the MD of the company is Mr. Sandeep

Kumar from Tata Steel.

www.stmining.com

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Vietnam Steel Project

Tata Steel signed a Joint Venture Agreement on August 13, 2008 with Vietnam Steel Corporation (Vietnams largest steel company)

and Vietnam Cement Industries Corporation (Vicem) for a 4.5 million tonne per year steel complex to be set up in Ha Tinh Province.

The first phase of the complex will be a Cold Rolling Mill. Tata Steel will have a stake of 65% in the Steel project.

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JV with SODEMI in Ivory Coast

Tata Steel and SODEMI entered into an agreement in December 2007 for the development of Mount Nimba iron ore deposits.

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JV with Riversdale Mining Limited

Tata Steel entered into a Joint Venture (JV) with Riversdale Mining Limited, Australia in 2007 for a 35% stake in two coal tenements

in Mozambique at Benga and Tete. The agreement gives the Company off-take rights to 40% of the coking coal produced from

these mines.

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JV with Al Bahja Group

In January 2008 a joint venture was agreed with members of the Al Bahja Group for mining limestone in Salalah province of Oman.

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JV with Vale

This is a joint project with Vale and other partners, for expanding a coking coal mine (Carborough Downs) in Central Queensland.

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5/5

Tata Steel - Global Steel Company

Pioneering in Steel Manufacturing
http://www.tatasteel.com/http://www.tatasteel.com/http://www.tatasteel.com/http://www.tatasteel.com/http://www.tatasteel.com/

mission of tata steel

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