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Showing posts from September, 2020

Ratan Tata and the Contributions of Tata Steel to India

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  About Ratan Tata: Very few people are successful in leading an organisation to global success and creating a great reputation for themselves in pursuit of that leadership. They also inspire millions in the same, and one of those people is India’s beloved and respected Industrialist and philanthropist, Ratan Tata . Born to the wealthy Tata family in 1937, Mumbai, Ratan Naval Tata grew up to take the family business to new heights, breaking the ceilings and conquering the business world. Much of the TATA company’s success and ventures are credited to Ratan’s endeavours and openness to try new things.  An alumnus of Cornell University in New York, he holds a B.S in architecture and pursued a course in advanced management in Harvard. After graduation, he came back to India and on the advice of JRD Tata, joined the family business in 1962. His first job was to manage blast furnaces and shovel limestone. Working his way up from the shop floor, he saw many hardships experienced by the less

Indian Steel Industry Post-COVID-19 Outbreak

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  Forecasting slow but steady recovery ahead with JSPL’s new project of manufacturing head hardened rails, the steel industry in India sees hope in recovering from the effects of Coronavirus.   So many industries have fallen victim to the drastic effects of Coronavirus and haven’t yet escaped its clutches. The impact could last long due to the lockdown restrictions as well.  However, the Steel industry has been doing better compared to the others. Because steel is an essential commodity and the Indian economy depends on it, some sectors in the steel industry were permitted to operate despite lockdown. This allowed them to transport materials to ports for export to other countries. It’s going to get even better once the pandemic dies out, as the demand for the material and products is set to increase in the coming months.  Steel price has risen by 10% (source: the tribune). Domestic steel prices have also gone up due to low demand in Q1 and Q2 of 2020.  Steel prices in Bangal