Last 505.80 INR
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Company Description

Contact Info

Bombay House

24, Homi Mody Street

Mumbai, 400001

India

Phone: 91 22 6665 8282

Fax: 91 22 6665 7724

division produces ring and annual products at Ring Plant and Ring Rolling Mill for Ball Bearings, Taper Roller Bearings Cylindrical Roller Bearings, Spherical Roller Bearings and Auto-Components. The major share of production of Ring Plant and Ring Rolling Mill is bearing races. The division has maintained only a selective presence in the Auto component market. Some of the main products are: Rings for Cylindrical, Taper Roller and Ball Bearings; Gear Blanks; Crown Wheel; Universal Joint; Shifter Sleeve; and Helical Gear. Customers: Some of the key customers of the Rings Division are SKF; TIL; FAG; NEI; Tata Bearings and TELCO. The company’s products are supplied to Original Equipment manufacturers. It can also supply Machined and MPI tested Rings and ISO thermal annealed Rings. Secondary Products Division Secondary Products is a Profit Center of TATA STEEL. It engages in the sale of secondary products that include Rerolling Scrap; Non-Ferrous Scrap; Tubes Scrap; HR/CR Scrap; By-Products from Collieries; Coke Fractions; Lime Fractions; Granulated Slag; Coal Tar; and other Miscellaneous Products. Tata Tubes - Strategic Business Unit: Tata Steel - Tubes SBU is a domestic manufacturer of steel tubes. The SBU promotes three lines of businesses: The Standard Tubes Business; The Precision Tubes Business; and The Closed Structurals Business. Significant Events The company has entered into a joint venture (JV) with Al Bahja group of Oman to explore and develop Uyun limestone deposits in Oman. TS is to hold 70% stake in the JV to be named Al Rimal Minerals. Tata Steel Limited and Nippon Yusen Kabushiki Kaisha (NYK Line) has entered into a joint venture agreement for Setting up a shipping company to cater to dry bulk and break bulk cargo. The Company and NYK would each hold 50% stake in the joint venture company. Tata Steel Limited has entered into a Joint Venture agreement with Tata Power Co., Ltd. to set up captive power plants (CPP) in Chattisgarh, Orissa and Jharkhand. Tata Power would set up a 120 MW CPP in Jamshedpur, utilizing the waste gases from the steel making process. In November 2007, Tata Steel Limited and Riversdale Mining, Ltd. have signed an agreement to establish a special purpose joint venture vehicle to develop a hard coking and thermal coal project at key coal exploration tenements held by Riversdale in Mozambique. The Joint Venture consists of two licences (the Benga and Tete licences) and covers an area of 24,960 hectares (approximately 96.7 square miles). Riversdale Mining holds a total acreage of approximately 290,000 hectares (1,120 square miles) in Mozambique. The coking coal derived from this project would be supplied to the Tata Steel Group's facilities primarily in Europe and Asia. In January 2008, Steel Authority of India, Ltd. has signed a Joint Venture Agreement with Tata Steel Limited for incorporation of a joint venture coal mining Company in the State of Jharkhand. Both the Company and Tata Steel would hold 50% in the joint venture Company. The Joint Venture Company would initially be mining 4 nos. of identified coal blocks in India. The company has entered into a joint venture agreement with Al Bahja Group for the development of limestone deposits in Oman. Tata Steel would hold 70% stake in Al Rimal Mining LLC, which would execute the project of developing and operating the Uyun mine. Tata Steel would hold the stake in the Oman-based firm through its subsidiary TS Global Minerals Holdings Pte, Ltd. The company has signed an agreement with Societe d'Etat pour le Developpement Minier de la Cote d'Ivoire Mines for the development of Mount Nimba Iron ore deposits in Ivory Coast, West Africa. The Mount Nimba deposit is spread over three countries - Liberia, Guinea and Ivory Coast. The company has signed a joint venture agreement with Sodemi for developing Mount Nimba iron ore deposits. The ore deposits are spread across Ivory Coast, Liberia and Guinea. Steel Authority of India, Ltd. (SAIL) has entered into a joint venture (JV) with Tata Steel Limited for coal mining. SAIL plans to source coking coal for its capacity expansion. It also intends to enter in

 

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TATA

Industry Average

Valuation TATA Industry Range
Price/Earnings 14.2x
Price/Sales 0.3x
Price/Book 1.3x
Price/Cash Flow 5.2x
TEV/Sales NM Not Meaningful
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