Mission of Tata Steel

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Mission Consistent with the vision and values of the founder Jamsetji Tata, Tata Steel strives to strengthen India’s industrial base through the effective utilization of staff and materials. The means envisaged to achieve this are high technology and productivity, consistent with modern management practices. Tata Steel recognizes that while honesty and integrity are the essential ingredients of a strong and stable enterprise, profitability provides the main spark for economic activity. Overall,
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  Mission Consistent with the vision and values of the founderJamsetji Tata, Tata Steel strives to strengthen India’s industrial 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 are   the 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. VisionWe aspire to be the global steel industry benchmark forValue Creation and Corporate Citizenship    Joint Ventures Tata Steel is a global player with a balancedpresence in developed European and fastgrowing Asian markets. The Company has setitself the objective of expanding its capacitiesand becoming globally competitive in itsbusinesses. A JV between Larsen & Toubro Ltd. and Tata Steel Ltd., the Company has built a deep draft (18 metres) all weather port on the east   coast of India. The port will handle 80 million tonnes per annum of cargo. The bulk cargo berths are being designed toaccommodate up to 180,000 DWT vessels. A 62.7 km (route distance) rail link connecting the Port to the nearest railway station at   Bhadrak on Chennai-Howrah line is included in the project scope. www.dhamraport.com close this   mjunction services limited  mjunction, operating at the cutting edge of Information Technology, is a 50:50 venture of SAIL and Tata Steel.   It is India's largest eCommerce company and the world's largest e-marketplace for steel. mjunction offers a wide range of selling,sourcing and knowledge services that empower businesses with greater process efficiencies. www.mjunction.in close this   Tata BlueScope Steel Limited    The 50:50 Joint Venture agreement with BlueScope Steel Limited to form Tata BlueScope Steel Limitedbecame effective from May 30, 2006. It offers a comprehensive range of branded steel products for building and constructionapplications. The Building Solutions facilities at Pune, Bhiwadi and Chennai have been operational since 2006-07. The Company isconstructing a state-of-the-art metallic coating and painting facility at Jamshedpur. www.tatabluescopesteel.com close this   TM International Logistics Limited (TMILL)  TMILL provides material handling and port operation services at Haldia and Paradip Ports in addition toproviding freight forwarding and chartering services. www.tmilltd.com close this   Tata NYK  This is a joint venture between Tata Steel and Nippon Yusen Kabushiki Kaisha (NYK Line) for setting up ashipping company to cater to dry bulk and break-bulk cargo. Tata Steel and NYK will each hold 50% stake in the joint venturecompany. 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.   close this   www.tatanykshipping.com   S&T Mining Company Pvt Ltd   Tata Steel imports about half of its coal requirements from overseas. As the country’s 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 steelmaking company of India, SAIL. Accordingly, a new JV company, S&T Mining Co Private Limited was incorporated in September2008 with its registered office in Kolkata. The Chairman of S&T Mining is Mr. S. N. Singh (Managing Director, Rourkela Steel Plant)  while the MD of the company is Mr. SandeepKumar from Tata Steel. www.stmining.com   close this   Vietnam Steel Project  Tata Steel signed a Joint Venture Agreement on August 13, 2008 with Vietnam Steel Corporation (Vietnam’s 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. close this   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. lose this   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 tenementsin Mozambique at Benga and Tete. The agreement gives the Company off-take rights to 40% of the coking coal produced fromthese mines. close this   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. close this   JV with Vale  This is a joint project with Vale and other partners, for expanding a coking coal mine (Carborough Downs) in Central Queensland. close this   expand all   collapse all  
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