Q3. Write a Short note on TISCO Industry.
Answers
Explanation:
TISCO stood for Tata Iron and Steel Company and is a multinational steel making Indian company, with their headquarters in Maharashtra, founded by Jamshetji Tata. The company is called as Tata Steel Limited today.
TATA steel is the second largest steel producing company in India and stands 10th in the world. The group has operations in more than 100 countries and its companies exports products and services to 150 countries. In 2015 the company was awarded the 'World's Most Ethical Company' award by Ethisphere Institute under the Metals category, making this the third time for them to receive this award.
They concentrate in seven business sector - consumer products and chemicals, materials, services, energy, communications and information technology and engineering,
Answer:
Tata group was founded by Jamsetji Tata in 1860 inspired by the spirit of nationalism. The group turnover is 18 US dollar billions approximately 2.5 percent of GDP of India. It has 85 large companies in the group and employ more than 2.3 lakh people.
Tata is pioneer in steel production in India in TISCO at Jamshedpur. It has many firsts to its credit in India. Tata consultancy services started four decades ago. It is Asia’s largest software company. Tata group has evolved with time and grown. Tata has its own brand apart from its hundreds of products.
Tata believes in its ethical values of highest standards. It has returned wealth to the society. Tata trust which hold nearly two thirds of its equity has built large national institutions apart from philanthropic work. These have worked over decades in the area of education, research, community development, hospital, education and scientific establishments.
Along with social responsibilities Tata’s have upheld principles of corporate governance in practice. It has earned the trust of stakeholders over decades. With the globalisation Tata’s have taken over large companies overseas. It is now a global player.
Tata Steel Group Operations:
Being a reflection of the global economic slowdown mainly in the UK and European operations, the turnover for the Group at Rs. 102,393 crores during FY 10 was 30.5% lower, when compared to Rs. 147,329 crores in the previous year.
EBITDA for the Group in FY 10 was Rs. 9,340 crores, lower by 49.5% against Rs. 18,495 crores in FY 09. The loss after taxes (after minority interest and share of profit of associates) of Rs. 2,009 crores during FY 10 registered a decline of 140.5% as compared to a profit of Rs. 4,951 crores in FY 09.
Tata Steel India:
During the financial year 2009-10, the Group recorded deliveries of 24 million tonnes against 28 million tonnes in the previous year, the decline
During the financial year 2009-10, the Group recorded deliveries of 24 million tonnes against 28 million tonnes in the previous year, the decline being a reflection of the global economic slowdown mainly in the UK and European operations. The turnover for the Group at Rs. 102,393 crores during FY 10 was 30.5% lower, when compared to Rs. 147,329 crores in the previous year.