Joint Ventures
Tata Steel is a global player with a balanced presence in developed European and fast growing Asian markets. The Company has set itself the objective of expanding its capacities and becoming globally competitive in its businesses.
A JV between Larsen & Toubro Ltd. and Tata Steel Ltd., the Company has built a deep draft (18 metres) all weather port on the east coast of India. The port will handle 80 million tonnes per annum of cargo. The bulk cargo berths are being designed to accommodate up to 180,000 DWT vessels. A 62.7 km (route distance) rail link connecting the Port to the nearest railway station at Bhadrak on Chennai-Howrah line is included in the project scope.
mjunction, operating at the cutting edge of Information Technology, is a 50:50 venture of SAIL and Tata Steel. It is India's largest eCommerce company and the world's largest e-marketplace for steel. mjunction offers a wide range of selling, sourcing and knowledge services that empower businesses with greater process efficiencies.
The 50:50 Joint Venture agreement with BlueScope Steel Limited to form Tata BlueScope Steel Limited became effective from May 30, 2006. It offers a comprehensive range of branded steel products for building and construction applications. The Building Solutions facilities at Pune, Bhiwadi and Chennai have been operational since 2006-07. The Company is constructing a state-of-the-art metallic coating and painting facility at Jamshedpur.
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TM International Logistics Limited (TMILL)
TMILL provides material handling and port operation services at Haldia and Paradip Ports in addition to providing freight forwarding and chartering services.
This is a joint venture between Tata Steel and Nippon Yusen Kabushiki Kaisha (NYK Line) for setting up a shipping company to cater to dry bulk and break-bulk cargo. Tata Steel and NYK will each hold 50% stake in the joint venture company. The Company has commenced shipping activities for Tata Group companies and other clients with five ships. Tata NYK handled around 2.4 million tonnes of dry cargo and projects, to service more than 20 million tonnes per year within five years through a fleet of owned and chartered ships.
Tata Steel imports about half of its coal requirements from overseas. As the country’s steel consumption enters a high and sustainable growth phase, the company is undertaking massive expansion plans. It has become imperative to ensure raw material security for the company. With this in mind, the company entered into a strategic alliance with the largest steel making company of India, SAIL. Accordingly, a new JV company, S&T Mining Co Private Limited was incorporated in September 2008 with its registered office in Kolkata. The Chairman of S&T Mining is Mr. S. N. Singh (Managing Director, Rourkela Steel Plant) while the MD of the company is Mr. Sandeep
Kumar from Tata Steel.
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Tata Steel signed a Joint Venture Agreement on August 13, 2008 with Vietnam Steel Corporation (Vietnam’s largest steel company) and Vietnam Cement Industries Corporation (Vicem) for a 4.5 million tonne per year steel complex to be set up in Ha Tinh Province. The first phase of the complex will be a Cold Rolling Mill. Tata Steel will have a stake of 65% in the Steel project.
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Tata Steel and SODEMI entered into an agreement in December 2007 for the development of Mount Nimba iron ore deposits.
JV with Riversdale Mining Limited
Tata Steel entered into a Joint Venture (JV) with Riversdale Mining Limited, Australia in 2007 for a 35% stake in two coal tenements in Mozambique at Benga and Tete. The agreement gives the Company off-take rights to 40% of the coking coal produced from these mines.
In January 2008 a joint venture was agreed with members of the Al Bahja Group for mining limestone in Salalah province of Oman.
This is a joint project with Vale and other partners, for expanding a coking coal mine (Carborough Downs) in Central Queensland.