Is Tata Steel a good quality company?

Past 10 year's financial track record analysis by Moneyworks4me indicates that Tata Steel Ltd is a average quality company .

Is Tata Steel undervalued or overvalued?

The key valuation ratios of Tata Steel Ltd's currently when compared to its past seem to suggest it is in the Fair zone .

What is Tata Steel share price return in the past 10 years?

Tata Steel Ltd share price has appreciated 12.4% annually (CAGR) over the past ten years.

Is Tata Steel a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Semi Strong which suggest that the price of Tata Steel Ltd is likely to Rise-somewhat in the short term. However, please check the rating on Quality and Valuation before investing.

Tata Steel Ltd - Stock Valuation and Financial Performance

Name: Tata Steel
Brand: Tata Steel

BSE: 500470 | NSE: TATASTEEL | Steel & Iron Products | Large Cap

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Tata Steel Share Price

₹149.70 1.05 0.71%
as on 01-Nov'24 18:59

10 Year X-Ray of Tata Steel:

Analysis of Financial Track Record

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Standalone Basis ^P Consolidated Basis ^P

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Value Creation ⓘ

Value Creation Index Colour Code Guide ⓘ

	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	TTM
ROCE % ⓘ	11.2%	3.8%	10.1%	11.2%	19.6%	8.7%	18.8%	33%	14.5%	7.6%	-
Value Creation Index ⓘ	0.0	-0.7	-0.1	-0	0.7	-0.2	0.7	1.9	0.3	-0.3	-
Growth Parameters ⓘ Growth Parameters Colour Code Guide ⓘ
Sales ⓘ	41,785	38,221	47,993	59,617	70,611	60,436	84,133	1,29,021	1,42,913	1,40,987	1,35,692
Sales YoY Gr.	-	-8.5%	25.6%	24.2%	18.4%	-14.4%	39.2%	53.4%	10.8%	-1.4%	-
Adj EPS ⓘ	5.2	1.8	3.6	3.7	8.7	5.9	13.9	27.4	12.8	3.8	2.8
YoY Gr.	-	-64.6%	92.9%	3.1%	136.9%	-32.1%	135.3%	97.6%	-53.1%	-70.2%	-
BVPS (₹) ⓘ	65.2	48.6	45	53.6	61.4	65.2	78.5	101.9	111.2	109	111.7
Adj Net Profit ⓘ	5,299	1,877	3,622	4,402	10,444	7,095	16,684	33,463	15,675	4,772	3,508
Cash Flow from Ops. ⓘ	4,852	7,372	11,167	11,791	15,193	13,454	37,555	41,986	13,506	27,328	-
Debt/CF from Ops. ⓘ	6.3	4.5	2.7	2.6	2.1	3.3	0.9	0.8	2.9	1.5	-

CAGR ⓘ

CAGR Colour Code Guide ⓘ

	9 Years	5 Years	3 Years	1 Years
Sales ⓘ	14.5%	14.8%	18.8%	-1.4%
Adj EPS ⓘ	-3.4%	-15.1%	-34.9%	-70.2%
BVPSⓘ	5.9%	12.2%	11.6%	-2%
Share Price	12.4%	30.2%	4.4%	26.7%

Key Financial Parameters ⓘ

Performance Ratio Colour Code Guide ⓘ

	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	TTM
Return on Equity % ⓘ	8.3	3.3	7.5	7.9	15.8	9.8	19.8	30.4	12	3.5	2.6
Op. Profit Mgn % ⓘ	25.5	21.9	24.8	26.7	29.3	24.7	32.3	40.2	21.1	21.7	22
Net Profit Mgn % ⓘ	12.7	4.9	7.6	7.4	14.8	11.7	19.8	25.9	11	3.4	2.6
Debt to Equity ⓘ	0.5	0.7	0.7	0.5	0.5	0.6	0.4	0.3	0.3	0.3	-
Working Cap Days ⓘ	103	119	110	111	101	120	115	142	185	163	47
Cash Conv. Cycle ⓘ	-21	2	-12	-16	-15	-9	-18	-22	1	-1	-20

Recent Performance Summary

Sales growth is growing at healthy rate in last 3 years 18.78%

Return on Equity has declined versus last 3 years average to 2.50%

Sales growth is not so good in last 4 quarters at -3.38%

Latest Financials - Tata Steel Ltd.

	Standalone	Consolidated
TTM EPS (₹)	2.8	-3.3
TTM Sales (₹ Cr.)	1,35,692	2,22,693
BVPS (₹.) ⓘ	111.7	73.1
Reserves (₹ Cr.) ⓘ	1,38,199	90,004
P/BV ⓘ	1.34	2.05
PE ⓘ	53.40	0.00

From the Market
52 Week Low / High (₹)	114.25 / 184.60
All Time Low / High (₹)	3.76 / 184.60
Market Cap (₹ Cr.)	1,87,002
Equity (₹ Cr.)	1,248.4
Face Value (₹)	1
Industry PE ⓘ	33.5

Management X-Ray of Tata Steel:

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged ^*

1.55

0.00

* Pledged shares as % of Promoter's holding (%)

Valuation of Tata Steel

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Price to Earnings

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Dividend History

Analyst's Notes

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Key Ratios of Tata Steel

Standalone Basis Consolidated Basis

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)

Standalone Basis Consolidated Basis

PARTICULARS	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24
Sales	41,785	38,221	47,993	59,617	70,611	60,436	84,133	1,29,021	1,42,913	1,40,987
Operating Expenses ⓘ	31,854	30,611	36,191	43,958	50,049	45,577	57,009	77,892	1,14,709	1,11,179
Manufacturing Costs	9,690	10,260	11,887	13,369	14,898	15,607	16,998	23,152	29,239	29,232
Material Costs	11,758	10,715	12,048	18,070	21,094	18,406	24,622	37,525	66,043	58,091
Employee Cost	4,602	4,320	4,605	4,829	5,131	5,037	5,742	6,366	7,221	7,402
Other Costs ⓘ	5,804	5,315	7,650	7,690	8,927	6,528	9,647	10,849	12,205	16,454
Operating Profit ⓘ	9,931	7,611	11,802	15,659	20,562	14,859	27,124	51,130	28,205	29,808
Operating Profit Margin (%)	23.8%	19.9%	24.6%	26.3%	29.1%	24.6%	32.2%	39.6%	19.7%	21.1%
Other Income ⓘ	660	392	488	883	2,407	407	755	1,452	2,597	3,148
Interest ⓘ	1,976	1,848	2,689	2,811	2,824	3,031	4,541	2,792	3,975	4,179
Depreciation ⓘ	1,998	2,962	3,542	3,727	3,803	3,920	5,469	5,464	5,956	5,970
Exceptional Items ⓘ	1,891	-1,649	-703	-3,366	-114	-1,704	741	-235	-780	-13,636
Profit Before Tax ⓘ	8,509	1,543	5,357	6,638	16,227	6,611	18,610	44,091	20,090	9,172
Tax ⓘ	2,070	588	1,912	2,469	5,694	-133	1,532	11,079	5,404	4,365
Profit After Tax	6,439	956	3,445	4,170	10,533	6,744	17,078	33,011	14,685	4,807
PAT Margin (%)	15.4%	2.5%	7.2%	7.0%	14.9%	11.2%	20.3%	25.6%	10.3%	3.4%
Adjusted EPS (₹)	6.3	0.9	3.4	3.6	9.2	5.9	14.3	27.0	12.0	3.9
Dividend Payout Ratio (%)	12%	81%	28%	27%	14%	17%	18%	19%	30%	93%

Balance Sheet

(All Figures are in Crores.)

Standalone Basis Consolidated Basis

PARTICULARS	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24
Equity and Liabilities
Shareholders Fund	66,664	46,637	49,659	61,515	70,455	74,563	94,406	1,25,434	1,36,609	1,37,694
Share Capital ⓘ	971	971	971	1,146	1,146	1,146	1,199	1,222	1,222	1,249
Reserves ⓘ	65,692	45,666	48,688	60,369	69,309	73,417	93,208	1,24,211	1,35,386	1,36,445
Minority Interest	0	0	0	0	0	0	0	0	0	0
Debt	26,210	32,090	30,209	27,514	28,934	41,514	32,636	29,420	32,572	36,716
Long Term Debt	26,175	26,202	26,969	26,844	28,926	33,657	32,320	20,291	31,569	36,716
Short Term Debt	35	5,888	3,240	670	8	7,857	316	9,129	1,003	0
Trade Payables	5,802	6,197	10,717	11,243	10,970	10,601	13,426	21,091	20,356	22,062
Others Liabilities ⓘ	17,188	20,190	20,880	24,843	27,140	23,714	40,022	46,042	53,159	49,162
Total Liabilities ⓘ	1,15,864	1,05,114	1,11,465	1,25,114	1,37,498	1,50,393	1,80,491	2,21,986	2,42,696	2,45,634
Fixed Assets
Gross Block	42,583	55,808	81,823	84,682	87,966	91,826	1,25,757	1,28,078	1,38,751	1,44,731
Accumulated Depreciation	17,334	5,683	9,218	12,914	16,702	20,551	28,528	33,786	41,327	47,115
Net Fixed Assetsⓘ	25,250	50,126	72,606	71,768	71,264	71,275	97,229	94,292	97,424	97,616
CWIP ⓘ	23,037	28,206	6,164	5,673	5,796	8,247	10,908	14,542	22,169	27,729
Investmentsⓘ	53,164	11,785	13,666	24,277	39,407	50,096	36,184	43,498	42,436	65,999
Inventories	8,042	7,137	10,237	11,023	11,255	10,717	12,858	19,943	25,420	24,547
Trade Receivables	491	1,133	2,007	1,876	1,363	1,017	2,879	3,280	2,562	1,606
Cash Equivalents	479	1,036	970	4,697	718	1,227	2,397	2,855	2,850	5,955
Others Assetsⓘ	5,401	5,691	5,816	5,801	7,695	7,814	18,037	43,577	49,835	22,182
Total Assets ⓘ	1,15,864	1,05,114	1,11,465	1,25,114	1,37,498	1,50,393	1,80,491	2,21,986	2,42,696	2,45,634

Cash Flow

(All Figures are in Crores.)

Standalone Basis Consolidated Basis

PARTICULARS	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24
Cash Flow From Operating Activity ⓘ	4,852	7,372	11,167	11,791	15,193	13,454	37,555	41,986	13,506	27,328
PBT ⓘ	8,509	1,543	5,357	6,638	16,227	6,611	18,610	44,091	20,090	9,172
Adjustment ⓘ	2,149	6,079	6,204	8,471	3,722	7,157	8,617	6,216	5,914	20,228
Changes in Working Capital ⓘ	-3753	994	1147	-815	-223	1504	10700	2920	-7489	2973
Tax Paid ⓘ	-2,053	-1,244	-1,541	-2,503	-4,533	-1,819	-372	-11,240	-5,008	-5,045
Cash Flow From Investing Activity ⓘ	-2,382	-4,352	-3,956	-12,273	-16,350	-17,635	-13,665	-34,168	-14,794	-15,558
Capex	-5,872	-4,746	-3,206	-2,514	-3,658	-4,576	-2,230	-6,156	-9,036	-10,205
Net Investments	2,750	415	-849	-4,786	14,585	-2,803	-3,515	7,116	5,308	2,816
Others ⓘ	740	-21	98	-4,973	-27,277	-10,256	-7,920	-35,128	-11,066	-8,169
Cash Flow From Financing Activityⓘ	-2,957	-2,540	-7,280	4,166	-2,887	4,630	-23,385	-7,368	-5,193	-8,415
Net Proceeds from Shares ⓘ	0	0	0	9,087	-6	0	3,241	326	1	0
Net Proceeds from Borrowing ⓘ	0	0	0	0	1,463	2,187	-10,498	-9,344	13,724	2,553
Interest Paid ⓘ	-1,892	-2,871	-2,625	-2,770	-2,608	-3,084	-4,311	-2,868	-4,028	-5,098
Dividend Paid ⓘ	-971	-777	-777	-971	-1,146	-1,490	-1,146	-3,007	-6,268	-4,414
Others ⓘ	-94	1,108	-3,878	-1,181	-590	7,017	-10,671	7,525	-8,622	-1,455
Net Cash Flow ⓘ	-487	480	-69	3,684	-4,044	449	504	450	-6,481	3,356

Finance Ratio

Standalone Basis Consolidated Basis

PARTICULARS	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24
Ratios
ROE (%)	10.11	1.65	7.22	7.77	15.98	9.29	20.22	30.19	11.27	3.53
ROCE (%)	11.15	3.78	10.11	11.23	19.62	8.73	18.83	32.98	14.51	7.6
Asset Turnover Ratio	0.41	0.39	0.49	0.51	0.54	0.42	0.51	0.64	0.62	0.58
PAT to CFO Conversion(x)	0.75	7.71	3.24	2.83	1.44	1.99	2.2	1.27	0.92	5.69
Working Capital Days
Receivable Days	5	7	11	12	8	7	8	9	7	5
Inventory Days	55	65	60	64	58	66	51	46	58	65
Payable Days	218	204	256	222	192	214	178	168	115	133

Tata Steel Ltd Stock News

Tata Steel Ltd FAQs

What is the share price of Tata Steel?

Company share prices are keep on changing according to the market conditions. The closing price of Tata Steel on 01-Nov-2024 18:59 is ₹149.7.

What is the market cap of Tata Steel?

Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 01-Nov-2024 18:59 the market cap of Tata Steel stood at ₹1,87,002.2.

What is the P/E ratio of Tata Steel?

The latest P/E ratio of Tata Steel as of 01-Nov-2024 18:59 is 53.40.

What is the P/B ratio of Tata Steel?

The latest P/B ratio of Tata Steel as of 01-Nov-2024 18:59 is 1.34.

What is the 52-week high and low of Tata Steel?

The 52-week high of Tata Steel is ₹184.6 and the 52-week low is ₹114.2.

What is the TTM revenue of Tata Steel?

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Tata Steel is ₹1,35,692 ( Cr.) .

About Tata Steel Ltd

Tata Steel Limited is a public limited Company incorporated in India with its registered office in Mumbai, Maharashtra, India. The Company is listed on the BSE Limited (BSE) and the National Stock Exchange of India Limited (NSE). Tata Steel was established in India as Asia’s first integrated private steel company in 1907. Today, the company is among the leading global steel companies.

Business area of the company

The Company has presence across the entire value chain of steel manufacturing from mining and processing iron ore and coal to producing and distributing finished products. The Company offers a broad range of steel products including a portfolio of high value added downstream products such as hot rolled, cold rolled, coated steel, rebars, wire rods, tubes and wires.

Products

Automotive Steels
Galvano
Tata Agrico
Tata Astrum
Tata Bearings
Tata Ferro Alloys And Minerals Division
Tata Steel Industrial By-Products Management Division (IBMD)
Tata Pipes
Tata Precision Tubes
Raw Materials And Responsible Mining
Tata Shaktee
Tata Steelium
Tata Structura
Tata Tiscon
Tata Wiron

Awards

2013

Tata Steel granted Core Supplier status by PSA Peugeot Citroen
CII-ITC Sustainability Prize 2012 for Tata Steel

2014

Tata Steel conferred the IEI Industry Excellence Awards, 2014
Tata Steel felicitated for its excellence in Corporate Governance
Tata Steel conferred the prestigious 'Business of the Year' award
Tata Steel chosen as one of the 100 Most Valuable Brands 2014
Tata Steel wins Asian CSR Leadership Award for Community Development
Tata Steel bags the JSPCB awards for Environment Protection
Tata Steel wins the Golden Peacock National Training Award, 2014
Tata Steel wins at the Dun and Bradstreet Corporate Awards, 2014

2015

Tata Steel bags prestigious Kalinga Safety Award
Tata Steel wins the Golden Peacock Environment Management Award 2015
Tata Steel bags Prime Minister's Trophy for Best Performing Integrated Steel Plant
Tata Steel conferred with 15th Annual Greentech Environment Award

2016

Tata Steel conferred the National Energy Conservation Award 2016
Tata Steel wins 3 Awards for Excellence in Value Engineering
Tata Steel awarded for sustainable development in mining sector
Tata Steel’s Digwadih Colliery Bags Hindustan Zinc Health & Safety Award from FIMI for Overall Performance for the year 2015-16
Tata Steel's Sukinda Chromite Mine Bags Bala Gulshan Tandon Excellence Award from FIMI for Overall Performance for the year 2015-16
Tata Steel conferred with the 'Five Star Award'
Jharkhand State Pollution Control Board Awards Tata Steel on World Environment Day 2016

2017

Tata Steel Joda East Iron Mine bestowed with the Golden Peacock Innovation Management Award 2017
Chief Security & Brand Protection, Tata Steel Receives the Life Time Achievement Award at IFSEC, 2017
Tata Steel awarded with Prime Minister's Trophy for best performing Integrated Steel Plant
Tata Steel bags two Awards for Excellence in Value Engineering
Coal washeries of Tata Steel conferred with ‘Best Operating Coal Washery’ award by Coal Preparation Society of India
Tata Steel's mines conferred with Aqua Foundation Excellence Award 2017 for Sustainable Development in the Mining Sector
Tata Steel conferred the ‘Steel industry website of the year’ award by World Steel Association

2018

Tata Steel recognised for Excellence in Biodiversity at the CII-ITC Sustainability Awards 2018
Tata Steel conferred “The Tata Affirmative Action Programme Jury award”
Tata Steel's Katamati Iron Mine bags 'Pollution Control Excellence Award 2018'
Ferro-Alloy & Minerals Division of Tata Steel bags the National Award for Excellence in Water Management
Awards galore for iron ore, manganese and chromite mines of Tata Steel
Bhelatand Colliery of Tata Steel conferred with FIMI award for Health & Safety
Tata Steel Noamundi Iron Mine receives the Safety, Health & Environment (SHE) Excellence Award 2017-18 from CII
Tata Steel's Khondbond Iron and Manganese Mine bags 'Grow care India CSR Awards 2018'

2019

Tata Steel Kalinganagar bags the National Energy Conservation Award 2019
Tata Steel wins IFSEC India Disaster Management Excellence Award
Tata Steel’s mines and collieries win National Safety Awards for excellence in safety practices
Tata Steel honoured at National CSR Awards for its work on maternal and child health
Tata Steel wins three awards at the worldsteel's 10th Steelie Awards
Tata Steel’s mines awarded the FIMI Bala Gulshan Tandon Excellence Award
Tata Steel's Digital initiatives honoured as ‘Business Transformer’ at the 14th Annual CIO100 Awards
Tata Steel’s Ore Mines & Quarries division honoured with CII Safety, Health & Environment award for 2018-19
Tata Steel’s Jharia Division honoured with ‘Golden Peacock Eco-Innovation Award 2019’
Tata Steel wins the CII Greenco Star Performer Award
Tata Steel wins the prestigious Dun & Bradstreet Corporate Award 2019

2020

Tata Steel wins two awards at worldsteel’s Steelie Award 2020
Tata Steel bestowed with Business Today's 'Best Company to Work For' recognition in 2020
Tata Steel recognised for ‘Excellence in Knowledge Management’ by American Productivity & Quality Centre
Tata Steel named as one of the 2020 World's Most Ethical Companies by Ethisphere
Tata Steel adjudged ‘Firm of the Year - Metals & Mining’ at the 6th CNBC-TV18 India Risk Management Awards

Milestones

1882: JN Tata reads a report by German geologist, Ritter Von Schwarz, titled 'Report on the financial prospects of iron-working in the Chanda district'. The paper indicates the availability of rich deposits of iron ore in Lohara. But the plan is dropped due to unavailability of suitable coal.
1899: Major Mahon or Mohan gives a report that recommends promotion of the steel industry in India. The Viceroy, Lord Curzon, liberalises the licensing system enabling JN Tata to start work.
1900: JN Tata meets Lord George Hamilton, Secretary of State for India, in England, setting the ball rolling for the establishment of a steel plant in India.
1902: Indian geologist PN Bose writes a letter to JN Tata citing the availability of rich deposits of iron ore in Mayurbhanj supported by limestone and coalfields in the vicinity. The Maharaja of Mayurbhanj is willing to extend his support.
1909: RG Wells is appointed as the first General Manager of Tata Iron & Steel Company.
1910: Tata Iron & Steel obtains its first colliery in 1910, adding six more in the course of time.
1911: The first Blast Furnace or the 'A' Blast Furnace begins operations successfully.
1912: The first ingot of steel rolls out of the Sakchi plant. The bar mills commence rolling in the month of October, the second blast furnace becomes operational and 8-hour working day is introduced.
1913: AE Woolsey becomes the second General Manager of Tata Iron & Steel Company.
1914: Barton R Shover becomes the third General Manager of Tata Iron & Steel Company.
1916: Temple W Tutwiler becomes the General Manager of Tata Iron & Steel Company
1918: India´s first steel (coke) plant is established on June 18th as an enterprise financed by Indian capital and built by Indian workers. The plant served as a beacon for India's economic independence and the Swadeshi movement.
1921: The Jamshedpur Technical Institute of Tata Steel is set-up with 23 students. The institute seeks to replace foreign technical experts with their Indian counterparts. Furnished with sophisticated equipment, the institute continues to be one of the best in the country.
1924: Manufacture of steel by the Duplex process begins.
1924: CA Alexander becomes the General Manager of Tata Steel.
1930: In 1930 JL Keenan becomes the General Manager of Tata Steel.
1932: It was DM Madan, Chief Accountant, Tata Iron and Steel Company, who first conceived the idea of observing and celebrating an annual gathering to commemorate the birth anniversary of J.N. Tata.
1938: Jehangir Ghandy becomes the first Indian General Manager of Tata Steel.
1938: JRD Tata becomes the Chairman of Tata Steel.
1941: Manufacture of special steel for war purposes begins. In 1942, the Tatanagar Tank is built.
1955: Agreement signed with Kaiser Engineers for a 2 million tonne expansion programme.
1956: Joint consultations for 'working together' is introduced.
1958: Jubilee Park is dedicated to the nation on completion of 50 years of Tata Steel’s existence.
1965: SK Nanavati becomes the Director-in-Charge and later becomes the Managing Director in 1970.
1967: IBM 1401 systems introduced.
1972: In 1972 RS Pande becomes the Managing Director.
1974: Russi Mody becomes the Managing Director.
1982-83: Basic Oxygen Furnace Shop - LD1 inaugurated.
1987: The Tata Football Academy is established to inculcate the spirit of sports and games among the youth.
1991: JRD Tata dedicates a sprawling multi-crore sports complex to the citizens of Jamshedpur.
1992: JRD Tata is conferred the Bharat Ratna for his contribution to aviation and industry on January 26, 1992.
1993: Mr Ratan Tata takes over as Chairman from JRD Tata on April 19, 1993.
1994-1996: Production of stamp charged batteries 6&7 begins in 1994. The 'G' Blast Furnace gets commissioned in 1992.
2000: Padma Bhushan for Ratan N Tata
2007: London-based steel manufacturer Corus Group is acquired on April 2, 2007 and Tata Steel Europe is established.
2008: Commemorating Tata Steel's Centenary year, the Indian Prime Minister, D. Manmohan Singh, unveils the Centenary Postage Stamp.
2012: Tata Steel creates history by becoming the first integrated steel company in the world to be awarded the coveted Deming Grand Prize.
2016: The first phase of Kalinganagar Project - Tata Steel’s second integrated steel plant in India starts commercial production in May 2016.
2017: Tata Steel strengthens position in low-carbon future technology
2018: Tata Steel inaugurates the state-of-the-art Rain Water Harvesting Project Phase-II at Joda
2019: Tata Steel signs MoU with TERI for Phase III of Green School Project in Jharkhand and Odisha
2020: Tata Steel introduces Agile Working Models