Tata Steel is a lot more than just one of India’s leading steelmakers. The Tata group of which it is part enjoys the status of a prized national institution.
One reason for this is because when it started making steel at Jamshedpur well over a century ago, overcoming all odds from identifying iron ore and coal deposits to mobilizing funds, that marked a major step towards India’s economic self-reliance during colonial times.
In addition, Tata Steel’s rigorous corporate governance and care for its employees and communities around its mills are seen both in the private and government sectors as a benchmark for the industry.
In an interview with Metal Market Magazine, Tata Steel CEO and managing director T V Narendran said: “We will always be guided by the principle laid down by our founder Jamsetji Nusserwanji Tata that the ‘community is not just another stakeholder but the...