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Corporate Governance: Principles, Policies and Practices, 3e by A.C. Fernando

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Case Study 2

Tata Steel: A Company That Also Makes Steel

(This case is based on reports in the print and electronic media. It is meant for academic discussion only. The author has no intention to tarnish the reputations of corporates or executives involved.)

The Beginning and Growth

In the 1890s, Jamsetji Tata conceived of a dream project—a modern steel plant, with state-of-the-art-technology to produce 1 million tonnes of steel. Work on the steel plant commenced in 1907 in Jamshedpur which became operational in 1912. The capacity of the unit at the time of independence was around 1 million tonnes and this was increased to around 2 million tonnes by 1960. With the policy of the Indian government to give priority to the public sector to reach ...

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