114 Year Heritage of Tata Iron & Steel Company Jamshedpur
It was on 26 August 1907 that Tata Iron and Steel Company was registered in India. The company was initially registered in England in 1906 but due to lukewarm response of investors there, the step to register the company in India was taken whereby the journey of Industrial success on the international firmament continues to be written in letters of gold.
1867 - Mr Jamsetji Nusserwanji Tata attended a lecture by the famous British essayist, Thomas Carlyle, in which he mentioned “The nation which gains control of iron, soon acquire control of gold.” Little did Carlyle know that his lecture would lead to a path-breaking journey of India’s economic resurgence. Jamsetji’s thoughts on building a steel plant, thus, received a positive impetus at this moment.
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 - A report by Major Mahon recommending the steel industry be promoted in India received acceptance and Lord Curzon, the then viceroy of India, immediately liberalised the mineral concession policy which provided a golden opportunity to Jamsetji to advance towards his dream of giving India its first integrated steel company.
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 – Mr Jamsetji met Julian Kennedy, head of Julian Kennedy, Sahlin and Co Ltd in Pittsburgh in USA. Jamsetji briefed Kennedy about his desire to come up with a steel plant in India. Kennedy advised Jamsetji to have a thorough scientific investigation of the local conditions, availability of raw materials, and the market conditions in India. He also recommended Charles Page Perin, an eminent consulting engineer in New York, for the project.
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.
1905 - Charles Page Perin and his associate, C M Weld, presented their report as to how the steel plant would be erected. In September 1905, the Maharaja of Mayurbhanj granted the prospecting license to the Tatas.
1906 - Government of India through an official letter declared its intent to help Tatas by promising to purchase steel for a particular period of time, and also providing other assistance that the company would require to start its production.
August 26, 1907 - Company was registered in India with an original capital of Rs 23,175,000. A notice to raise the capital was issued. The response was tremendous and within three weeks the entire amount was raised.
1908 - Construction of the Works began
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 production run. 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.