Wednesday, August 15, 2007

1907 - TISCO was floated. 8000 Indian investors subscribed within three weeks for a total of Rs. 2.32 crore

Landmarks of Tata Steel
1882 - At the age of 43, Jamsetji Nusserwanji Tata read a report by a German geologist, Ritter Von Schwartz on the availability of Iron Ore in Chanda District in the Central Provinces, which gave him the idea of giving India a Steel plant.
1899 - The Viceroy, Lord Curzon liberalised the mineral concession policy. Major R. H. Mahon published a report on the manufacture of Iron & Steel in India.
1900 - Jamsetji was in England seeing the Secretary of State for India, Lord George Hamilton and sparked his imagination of building a steel plant in India.
1901-02 - Jamsetji instructed his office in Bombay to obtain prospecting licenses. He proceeded to the USA.
He studied Coking processes at Birmingham.
He visited the world’s largest Ore market in Cleveland.
He consulted the foremost metallurgist, Julian Kenedy.
Met and invited Charles Page Perin to take charge as consulting engineer for the Steel plant he wanted to build in India.
1903 - Geologist C.M. Weld arrives.
Chanda District scheme was abandoned as coal was not of right type and iron-ore was of inferior quality.
Jamsetji invited Weld to stay on and explore for iron-ore.
1904 - P.N. Bose, an Indian Geologist who discovered the lofty Gorumahinsani Hills with its input storehouse of iron-ore, informs J N Tata about his findings.
Dorab Tata came across a geological map of Central Provinces at Durg District, dark colours indicated heavy deposit of iron-ore.
Dorab Tata, C M Weld arrived in Durg and found Dhalli and Rajhara hills had the finest ore in the world. But did not find a steady supply of water.
1906 - Search went on.
1907 - Weld and Srinivasa Rao discovered the village of Sakchi at the confluence of two rivers, Subarnarekha and Kharkai and the Railway Station of Kalimati.
The Tata Iron and Steel Company was floated.
Tatas plunged into the Indian market and issued their Prospectus to raise Rs. 1.5 crores as ordinary Shares, Rs. 75 lakhs in Preference shares and Rs. 7 lakhs in deferred shares. 8000 Indian investors subscribed within three weeks for a total of Rs. 2.32 crore.
1908 - Construction of the works begins at Sakchi. The first stake is driven on February 27th.
1911 - First cast of Pig-iron produced on December 2nd.
1912 - First steel made on 16th February. The Bar Mill commences rolling in October. Eight-hour working day introduced.
1913-14 - Hospital and the first school opened.
1914 - Sydney Webb report on Cooperatives and Medical Services in Jamshedpur.
1915 - Free Medical Aid introduced.
Manufacture of Munition Steel and rails for war.
Ferro-manganese made for the first time India.
1916-17 - Welfare Department established. Mining and Prospecting Department organised.
Launches Greater Extension Scheme to raise capacity to 450,000 tons and diversity production.
Schooling facilities for child.
1919 - Visit of Lord Chelmsford to rename Sakchi as Jamshedpur and Kalimati Railway Station as Tatanagar.
Formation of Works Committee for handling complaints concerning service conditions and grievances.
1920 - Leave with pay, Workers’ Provident Fund Scheme, Workmens’ Accident Compensation Scheme introduced.
Jamshedpur Labour Association formed. The Principle of Joint consultation introduced for the first time in India.
1921 - Jamshedpur Technical Institute of Tata Steel opened with 23 students on the roll.
1923 - The Tinplate Company of India commenced manufacture.
1924 - Manufacture of Steel by Duplex Process commenced.
1925 - First Tariff Board Enquiry leading to grant of protection to the Iron and Steel Industry.
New Rail Mill, Merchant Mill and Sheet Mill go into operation.
Mahatma Gandhi, Chittaranjan Das and C F Andrews visit Jamshedpur to discuss labour problems with R D Tata.
1928-29 - Scheme of Maternity benefits introduced. Subhas Chandra Bose, President, Jamshedpur Labour Association signed an agreement with N B Saklatvala.
1929-30 - Welfare Department organised.
1930-31 - Apprentice Shop opened.
1931-32 - Agents’ office opened in Calcutta under the charge of Sir Ardeshir Dalal.
First Founders’ Day celebrated in Jamshedpur.
Tata Steel Limited Review, a bilingual in-house magazine commence publication.
1934 - Profit-sharing Bonus granted-first time in India.
1935 - Production of high-tensile steel commenced.
1937 - Research and Control Laboratory opened.
Retiring Gratuity introduced.
1938 - J R D Tata succeeds Sir N B Saklatvala as the Chairman of the company.
Sir Jehangir Ghandy takes over as the first Indian General Manager.
Dr Rajendra Prasad and Pandit Jawaharlal Nehru gave awards on labour dispute. Bihar Labour enquiry Committee under the chairmanship of Dr. Rajendra Prasad visit Jamshedpur.
1939-40 - The new 100-Tonne Blast Furnace started operation.
1941-42 - Manufacture of special steels for war purpose developed. A Benzol plant and the Wheel Tyre and Axle Plant the first of its kind in the country went into operation.
1942-43 - Armour plates and various alloy steels produced.
1947 - Personnel Department started.

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