Tata Steel Long Products Ltd's earnings have grown by 48.3%, whereas share price has appreciated 11.5% CAGR over the past five years, indicating the company’s share price is likely undervalued. However, for specific investment actions please consult your investment advisor.
Tata Steel Long Products Ltd share price has appreciated 12.7% annually (CAGR) over the past ten years.
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Tata Sponge Iron (TSIL) was incorporated in 1982 as joint venture between Tata Steel and the Industrial Promotion and Investment Corporation of Orissa (IPICOL). Later in 1991, Tata Steel acquired IPICOLâ€™s stake in joint venture. Today TSIL is associate company of Tata Steel.
The company is engaged in business of manufacturing high-grade sponge iron that is consistent in quality. The company has an annual manufacturing capacity of 390,000 tonnes of sponge iron from its
The company is engaged in business of manufacturing high-grade sponge iron that is consistent in quality. The company has an annual manufacturing capacity of 390,000 tonnes of sponge iron from its three kilns. Its production plant is situated at Bilaipada in Orissa.
For production of sponge iron, the raw material required is iron ore, non-coking coal and dolomite. To meet the raw material requirement, the company has iron ore reserves located in the northern part of Orissa. It acquires coal from the collieries of Central Coalfields, South Eastern Coalfields and Mahanadi Coalfields and dolomite is acquired from Tata Steel's Gomardih dolomite quarry.
The company also operates a modern R&D facility that is set up along with a chemical laboratory to conduct the monitoring process. This R& D facility introduced Tisco Direct Reduction (TDR) -- an innovative technology for making sponge iron.
TSIL's manufacturing facilities have been accredited with ISO-9002 and ISO 14000 certifications for its quality management.
Tata Sponge Iron operates two captive power plants that produce a total capacity of 26 MW of power.
Awards and Recognition
Tata Sponge Iron was awarded Certificate of Appreciation by The Energy and Resources Institute (TERI) for companyâ€™s efforts towards environmental management and innovative initiatives.
The company received Greentech Environment Excellence Gold Award for the year 2006-07 by Greentech Foundation in recognition of companyâ€™s initiatives in conserving the environment.
The company received â€œGolden Peacock National Quality Award - 2007â€.
Earth Care Award 2008 for the companyâ€™s relentless pursuits towards Greenhouse gas, mitigation and combating climate change, conferred by JSW and Times of India with technical support from The Energy Research Institute (TERI) and Centre of Environment Education (CEE), on 22nd April 2008.
Golden Peacock National Quality Award from Institute of Directors (awarded in January 2008)
In 2010, Tata Sponge wins Green India Award for Environment Excellence
Tata Steel (Parent Company)
Tata Sponge Iron is part of the Tata Steel Group of companies, which owns a wide spectrum of companies engaged in the business of steel and steel related manufacturing. It owns companies namely Corus, Tinplate Company of India, Tayo Rolls, Tata Ryerson, Tata Refractories, Tata Metaliks, Tata Pigments, Jamshedpur Injection Powder, TM International Logistics, Metal Junction Services, TRF , The Indian Steel and Wire Products and many more.