Project Report on Steel Industry

of
Tata Iron & Steel Co

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INTRODUCTION

The Indian steel industry is more than 100 years old now. The first steel
ingot was rolled on 16th February 1912 - a momentous day in the history of
industrial India. Steel is crucial to the development of any modern economy
and is considered to be the backbone of the human civilization. The level of
per capita consumption of steel is treated as one of the important indicators
of socio-economic development and living standard of the people in any
country. It is a product of a large and technologically complex industry
having strong forward and backward linkages in terms of material flow and
income generation. All major industrial economies are characterized by the
existence of a strong steel industry and the growth of many of these
economies has been largely shaped by the strength of their steel industries
in their initial stages of development

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India is the 7th largest steel producer in the world, employing over 1/2
million people directly with a cumulative capital investment of around
Rs.1 lakh crore. It is a core sector essential for economic and social
development of the country and crucial for its defence.
The Indian iron and steel industry contributes about Rs.8,000 cr to the
national exchequer in the form of excise and custom duties, apart from
earning foreign exchange of approximately Rs. 3,000 cr through
exports. Consumption of finished steel grew by 5.9 % and increased to
24.9 million tones. steel consumption is likely to increase at a rapid
pace in future due to large investments planned in infrastructure
development, increase urbanization and growth in key steel sectors i.e.
automobile, construction and capital goods.
The Indian steel industry has emerged as one of the core sectors in the
Indian economy with a very significant impact on economic growth. India
with its abundant availability of high grade iron ore, the requisite
technical base and cheap skilled labour is thus well placed for the
development of steel industry and to provide a strong manufacturing
base for the metallurgical industries.
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VARIOUS POLICIES OF TATA STEEL

Quality Policy
Safety Occupational Health and Environmental Policy
Human Resource Policy
Social Accountability Policy
Corporate Social Responsibility Policy
Drug & Alcohol Policy
HIV+ & AIDS Control Policy
Energy Policy

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VARIOUS POLICIES OF TATA STEEL

Towards organization: Tata was the 1st company to amend

its articles of association including the clause of social
welfare.

Towards shareholders: Equal participation, straight forward

business policy.

Towards employees: Pioneer of P.F. scheme, free medical

and workmen's corporation fund.

Towards Society: India should not be an economic super

power, but a happy country.

Towards government: Suggestions of economic reforms and

high tax payer company.

Towards consumers: Consumer is the king of market.

Quality products & services timely solutions of problems

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MODERNIZATION PROGRAMME
BY TATA STEEL

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