TISCO is an Indian steel company. It is one of the biggest companies in the world and comes in 2nd after SAIL in India. The company was renamed and is currently known as Tata Steel. It is a part of the Tata group. Its headquarter is in Mumbai. The company is manufacturing in 26 countries. The biggest plant of the company is located in located at Jamshedpur, Jharkhand. There are almost 81,000 employees in the company.
TISCO Full Forms:
You can see the full detail of TISCO, TISCO full form, and abbreviations of TISCO in the table given below:
|Tata Iron and Steel Company Limited||Company Name||TISCO|
What does TISCO stands for?
TISCO stands for Tata iron and steel company and it’s an Indian multinational company that manufactures steel. It’s amongst the world’s top steel manufacturing companies and is a member of the Tata group of companies.
Historical background of TISCO
The Founder of this brand company of steel is Jamsetji Tata and was ascertained by Dorabji Tata in 1907, 26 august. In December 1911, pig iron production was begun in the company while steel production was started in 1912. TISCO is the largest steel manufacturing plant in Jamshedpur that produces steel of good quality.
The first steel product by TISCO was manufactured in 1912, 16, Feb. The time of First World War was the time of the progression of the company as it was introducing its products to the world. Later in 1939, it established a steel plant in British Empire which means that the company was prolonged at the international level. In 1941, for the purpose of war special steel manufacturing was started. The products that were produced for defense. In 1951, the enterprise was expanded more. As the company was working on a large scale, it required more employees to handle the working. For this purpose 1970, 40,000 employees were brought to company for more good performance.
On May 19, 2005, the name changed from TISCO to Tata steel limited. To reinforce its offering in the Nordic region, the company made an announcement of buying three-strip product service centers in Sweden, Finland, and Norway. In 2007, TISCO and SODEMI (state-owned company for mineral development) made an agreement for the development of mount Nimba iron ore deposits in Ivory coast in the west of Africa. The main headquarter of TISCO is located in India Mumbai but centers are also present in other cities too as in Kolkata. The company is actually a subsidiary of the Tata group.
Production of company
As the company works on a large scale, the production is also on a big scale. The manufacturing operations of the company are running in 26 countries and commercially it’s present in 50 countries. Those include Thailand, China, India, Australia, and the UK.
Products of the company
The company produces a variety of steel products at large scale. It includes household goods and manufactures products for factories etc. Some main products of Tata iron and steel company include steel (useable at lower and upper scales), structural steel, long steel products, and domestic steel products. Some other goods manufactured by steel plants are agricultural equipments, cables and wires, steel casing pipes, and others. These products show that the company has a vital role.
A company is successful if it has a better business plan and projects. Some of the most important ventures of TISCO include:
- In Bangladesh, a 2.4 million tonne per annum capacity plant is planned.
- South India in Karnataka, a 6 million tonne per annum capacity plant is intended.
- The company made a plan of 3 million tonnes per annum capacity in Iran.
- Nearly a plan of 6 million tonnes per annum capacity in Kalinganagar, India is also built.
The executive director of Tata steel company in his interview claimed that the company will keep focusing on deleveraging but profitable and value-added growth is equally important.
Nothing is advantageous or valuable until it helps the common people of society. Tata steel has played a vital role in rise of the economy. TISCO is helpful in this regard as it provides employment to thousands of people. According to research, almost 81,000 people are getting job services from Tata steel ltd. It means that the company is helping economical status of the countries in which it is present.