Tata Steel celebrates 114th Foundation Day
Jamshedpur, August 26: Tata Steel today celebrated its 114th Foundation Day with much fervour. 113 years ago, on August 26, 1907, Tata Steel was registered in India as Tata Iron and Steel Company (TISCO). In 1908, the construction of the Jamshedpur Works began and the steel production started on February 16, 1912.
On the occasion, T. V. Narendran, CEO & MD, Tata Steel, said, “We are here today because our predecessors created a tomorrow. There is a responsibility for us to create a tomorrow and leave a legacy behind for future generations. I want Tata Steel to be seen as an organisation that is leading the way and setting the trend on sustainability.”
The origin of Tata Steel lies in J N Tata’s endeavour to usher industrialisation and therefore economic independence for India. After the death of the J. N. Tata – founder of Tata group, his eldest son Sir Dorabji Tata took over the mantle to unfold the vision of his father. Sir Dorabji Tata gave shape to the vision of India, strengthened by Steel and Power. He appealed to the nation to be part of the grand plan to build a steel plant in India. He inspired 8000 Indians to join him in the journey to industrialisation. The response to the call for a ‘Swadeshi’ (Indian) entity was overwhelming, and within three weeks the entire amount was raised. On August 26, 1907, after a period of due diligence, Tata Steel was registered in India as Tata Iron and Steel Company (TISCO) with an original capital of Rs 2,31,75,000.
With the vision to contribute towards shaping the nation, Tata Steel, even after 113 years, continues to be a reliable and responsible partner in the nation’s progress. The Company has navigated through the ebb and flow of wars and pandemics, and highs and lows of the industry, which have strengthened its resolve and resilience. Today, as India takes confident strides towards economic ‘self-reliance’, the Company remains committed to move forward on its intertwined growth journey. Tata Steel’s desire to imagine, innovate and co-create a future with infinite possibilities is reflected in its efforts to look beyond steel, adopt next-generation technologies and make a meaningful positive impact on over a billion lives.