About Tata Steel Long Products Limited
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Tata Steel Long Products Limited was a public limited company based in Keonjhar, Odisha, India, operated as a subsidiary of Tata Steel Limited. The company has been amalgamated - it was merged with another entity and no longer exists as a separate legal entity. It operated in the steel manufacturing and processing segment of the metals and mining sector. It was incorporated on 31 July 1982.
The company was registered with the Registrar of Companies (ROC), Cuttack, under CIN L27102OR1982PLC001091. Its GSTIN is 21AABCT0230D1ZC (Odisha). The company held 8 GST registrations, all of them active. It is recorded as listed by MCA, but its shares were delisted from BSE on 02 Mar 2024 · merger, and no longer trade on a stock exchange.
The company had an authorised share capital of ₹15,375 Cr and a paid-up capital of ₹12,745 Cr. It was formerly known as Tata Sponge Iron Limited and Ipitata Sponge Iron Ltd. It was led by directors including Ashish Anupam (Managing Director) and Narendran Viswanath Thachat.
Its last annual general meeting (AGM) was held on 02 August 2023, and its latest financial statements are for the year ended 31 March 2023. The registered office was at P.O – Joda, Keonjhar, Odisha, India – 758034.
As per the financials filed for FY 2023, the company reported a revenue of ₹8,098.53 Cr, a growth of 17% compared to the previous year. For the same year it recorded a net loss of ₹1,085.49 Cr (net margin -13.4%) and EBITDA of ₹705.04 Cr (EBITDA margin 8.7%). Revenue has grown at a compounded annual rate (CAGR) of 31% over three years and 57% over five years.
The company had about 2,359 employees on its provident fund (EPFO) records before it was dissolved. Its group structure included 1 subsidiary.
The company was associated with 1 brand: Tata Sponge. As per MCA filings, the company had satisfied charges of ₹5,978.5 Cr on record. Court records list 169 cases involving the company, including 109 filed by the company and 61 filed against it; 27 cases are pending. The company has 65 deals on record (62 market trades, 1 rights issue, 1 funding round), with disclosed funding of ₹12,700 Cr; the latest was in September 2022. Its 9 peer companies in the Metals and Minerals industry (Steel), with the same principal business activity (metal and metal products) are compared by revenue, 4 larger and 5 smaller; the largest is Shyam Sel and Power Limited with revenue of ₹9,219.22 Cr. The company has 8 MSME Form 1 returns on record between 2019 and 2021, listing 443 overdue payments to 110 micro and small suppliers.
The last known website on record is tatasteellp.com.
Company details
Name history
Tata Steel Long Products has undergone 3 name changes throughout its history. The company was previously known as Tata Sponge Iron Limited, Ipitata Sponge Iron Ltd, and Ipitata Sponge Iron Limited. The current legal name is Tata Steel Long Products Limited.
| Company Name | Status |
|---|---|
| Tata Steel Long Products Limited | Current |
| Tata Sponge Iron Limited | Previous |
| Ipitata Sponge Iron Ltd | Previous |
| Ipitata Sponge Iron Limited | Previous |
Contact details
Tata Steel Long Products Limited's registered office is in Keonjhar, Odisha. Its website is tatasteellp.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressP.O – Joda, Keonjhar, Odisha, India – 758034
- IndustryMetals and Minerals, Steel Manufacturing & Processing
To see the full contact details of Tata Steel Long Products Limited, buy the company report.
- Company details, directors and signatories
- Historical financials and ratios
- Shareholding pattern and group structure
- Charges with holder and property details
- Legal cases, compliance and MCA filings
Brands
Tata Steel Long Products operates one associated brand: Tata Sponge. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Sponge iron products are manufactured by Tata Sponge in India. | tatasponge.com |
Business activity
The main business activity of Tata Steel Long Products is manufacturing. In detail, this covers metal and metal products.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| C | Manufacturing | C7 | Metal and metal products |
To see the full business activity and turnover split of Tata Steel Long Products Limited, buy the company report.
Financials of Tata Steel Long Products Limited
FY 2023 filings availableTata Steel Long Products Limited reported revenue of ₹8,098.53 Cr (up 17% YoY) for FY 2023.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 57% over five years, including 17% growth in the latest year. EBITDA fell 45% in the latest year. Three- and five-year figures are compounded annual growth rates (CAGR): the steady yearly rate that links the first and the last year. All are worked out from the filed statements.
Financial Statement Summary
| Metrics | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | |||||
| Other Income | |||||
| Total Revenue | ₹8,098.53 Cr | ||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | ₹705.04 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | -₹1,085.49 Cr | ||||
| Balance Sheet | |||||
| Share Capital | |||||
| Reserves and Surplus | |||||
| Net Worth (Total Equity) | |||||
| Long-term Borrowings | |||||
| Short-term Borrowings | |||||
| Trade Payables | |||||
| Total Liabilities | |||||
| Fixed Assets | |||||
| Investments | |||||
| Inventories | |||||
| Trade Receivables | |||||
| Cash and Bank Balance | |||||
| Total Assets | |||||
Financial Ratios
| Metrics | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 8.7% | ||||
| Net Profit Margin | -13.4% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
| Liquidity and Debt | |||||
| Current Ratio | |||||
| Quick Ratio | |||||
| Debt-to-Equity Ratio | |||||
| Interest Coverage Ratio | |||||
| Efficiency and Growth | |||||
| Asset Turnover | |||||
| Receivable Days | |||||
| Payable Days | |||||
| Inventory Days | |||||
| Revenue Growth | |||||
| Net Profit Growth | |||||
To see the full financial statements and ratios of Tata Steel Long Products Limited, buy the company report.
Board of directors and KMP of Tata Steel Long Products Limited
Tata Steel Long Products Limited currently reports 10 directors and 1 key managerial person. 29 former directors have served the organization.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Narendran Viswanath Thachat | Director | 12 Jan 2019 | 7 Years 9 Months | As last reported |
| Debashish Bhattacharjee Also directs: Lionstead Ventures LLP, Tantech Management Consulting LLP, Biomat Private Limited and 5 more | Director | 13 Oct 2020 | 6 Years 0 Months | As last reported |
| Meena Lall | Director | 16 Aug 2014 | 12 Years 2 Months | As last reported |
| Koushik Chatterjee | Director | 12 Jan 2019 | 7 Years 9 Months | As last reported |
| Sougata Ray Also directs: TRF Limited., Unnmukt Solutions Private Limited, Dark Gray Fashion Private Limited and 3 more | Director | 12 Jan 2019 | 7 Years 9 Months | As last reported |
| Ashish Anupam | Managing Director | 14 Mar 2019 | 7 Years 7 Months | As last reported |
Peer comparison
Tata Steel Long Products Limited is compared with the 9 companies closest to it by revenue in the Metals and Minerals industry (Steel), with the same principal business activity (metal and metal products), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Shyam Sel and Power Limited | ₹9,219.22 Cr (FY 2025) | 20.0% | Kolkata, West Bengal, India | |||
| Rashmi Metaliks Limited | ₹8,995.06 Cr (FY 2024) | 19.0% | Kolkata, West Bengal, India | |||
| Viraj Profiles Private Limited | ₹8,550.49 Cr (FY 2025) | -1.0% | Surat, Gujarat, India | |||
| Esl Steel Limited | ₹8,282.11 Cr (FY 2025) | -4.0% | Bokaro Steel, Jharkhand, India | |||
| Tata Steel Long Products Limitedthis company | ₹8,098.53 Cr (FY 2023) | -₹1,085.49 Cr | -13.4% | 17.0% | 2,359 | Keonjhar, Odisha, India |
| Orissa Alloy Steel Private Limited | ₹7,641.81 Cr (FY 2025) | 24.0% | Kolkata, West Bengal, India | |||
| Tata Steel Downstream Products Limited | ₹7,495.97 Cr (FY 2025) | -2.0% | Kolkata, West Bengal, India | |||
| Shyam Steel Industries Limited | ₹7,161.34 Cr (FY 2025) | 9.0% | Kolkata, West Bengal, India | |||
| Lloyds Metals and Energy Limited | ₹6,772.62 Cr (FY 2025) | 3.0% | Chandrapur, Maharashtra, India | |||
| Jai Balaji Industries Limited | ₹6,418.46 Cr (FY 2025) | -3.0% | Kolkata, West Bengal, India |
To see the full peer comparison of Tata Steel Long Products Limited, buy the company report.
Auditor
Tata Steel Long Products Limited is audited by Price Waterhouse & Co Chartered Accountants LLP for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| Price Waterhouse & Co Chartered Accountants LLP | FY 2023 | 304026E/E-300009 |
Shareholding
The shareholding of Tata Steel Long Products Limited is on record for 5 financial years, the latest being FY 2023, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Tata Steel Long Products Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 23 Dec 2020 | 100403243 | Idbi Trusteeship Services Limited | ₹1,585 Cr | Satisfied | |
| 12 Feb 2020 | 100328601 | Axis Bank Limited | ₹200 Cr | Satisfied | |
| 17 Dec 2019 | 100309902 | Idbi Trusteeship Services Limited | ₹2,900 Cr | Satisfied | |
| 03 Sep 2019 | 100291180 | Others | ₹450 Cr | Satisfied | |
| 24 Aug 2007 | 10065389 | State Bank of India | ₹572 Cr | Satisfied |
To see the full charge records of Tata Steel Long Products Limited, buy the company report.
Total charge records: 12 View all charges
Deals & funding
Tata Steel Long Products Limited has 65 deals on record (62 market trades, 1 rights issue, 1 funding round), with disclosed funding of ₹12,700 Cr; the latest was in September 2022.
Deals on record (5 of 65)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Sep 2022 | Acquisition | Undisclosed | Buyer: Tata Steel Limited |
| Jul 2019 | Rights issue | ₹1,485 Cr | Investors: Tata Steel Limited , Others-Tata Steel Long Products Limited, The Emerging Markets Small Cap Series Of The DFA Investment Trust Company |
| Apr 2018 | Market trade | ₹9.91 Cr | Buyer: Way2wealth Securities Private Limited Seller: Way2wealth Securities Private Limited |
| Jan 2018 | Market trade | ₹9.99 Cr | Buyer: Way2wealth Securities Private Limited Seller: Way2wealth Securities Private Limited |
| Apr 2017 | Market trade | ₹32.04 Cr | Buyer: Tower Research Capital Markets India Private Limited , Illuminati Trading Private Limited , N.K. Securities Seller: Tower Research Capital Markets India Private Limited , Illuminati Trading Private Limited , N.K. Securities |
To see the full deal history of Tata Steel Long Products Limited, buy the company report.
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Tata Steel Long Products Limited has 169 court cases on record: 109 filed by Tata Steel Long Products, 61 filed against it. 27 cases are pending and 142 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 138 | 46 | 20 |
| Supreme Court | 18 | 5 | 1 |
| District courts | 13 | 10 | 6 |
Cases on record (5 of 169)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court, ORISSA | Court case (RVWPET) | Filed against the company by M/S Kalinga Commercial Corporation Ltd. | Pending |
| High Court | Arbitration matter | Filed against the company by MSP Sponge Iron Limited | Pending |
| High Court, West Bengal | Arbitration matter | Filed by the company against MSP Sponge Iron Limited | Disposed |
| High Court, West Bengal | Arbitration matter | Filed against the company by MSP Sponge Iron Limited | Disposed |
| High Court, JHARKHAND | Writ petition | Filed by the company against Jharkhand Urja Vikas Nigam Limited Through Its Chairman Cum Managing Director and 4 others | Disposed |
To see the full case history of Tata Steel Long Products Limited, buy the company report.
Case records are compiled from court listings and may lag the court's own records. A case filed against a company is not a finding against it.
Credit ratings & regulatory alerts
Tata Steel Long Products Limited was last rated by Icra on 14 Feb 2022.
| Rating agency | Rated on | Rating |
|---|---|---|
| Icra | 14 Feb 2022 |
To see the full credit ratings and regulatory alerts of Tata Steel Long Products Limited, buy the company report.
MSME payment delays
Tata Steel Long Products Limited has 8 MSME Form 1 returns on record between 2019 and 2021, listing 443 overdue payments to 110 micro and small suppliers. Companies must report dues to micro and small suppliers that stay unpaid for more than 45 days in a half-yearly MSME Form 1 return.
Suppliers with reported dues (5 of 110)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| an individual supplier | |||
| an individual supplier | |||
| Surya Enterprises | |||
| an individual supplier | |||
| an individual supplier |
To see the full MSME payment records of Tata Steel Long Products Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Group structure & subsidiaries
Tata Steel Long Products has 1 subsidiary company. This group structure data is as of FY 2023. The table lists each entity with its relationship and holding.
| Company Name | CIN | Shares held |
|---|---|---|
| Neelachal Ispat Nigam Ltd | U27109OR1982PLC001050 |
To see the full group structure of Tata Steel Long Products Limited, buy the company report.
Employees & EPFO
Tata Steel Long Products Limited has a workforce of 2,359 employees on its EPFO records as of Mar 26, 2024, across 3 active EPFO establishments.
GST
Tata Steel Long Products has 8 GST registrations: 8 active. The first 4 active GSTINs are listed below.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 21AABCT0230D1ZC | Odisha | Active | 01 Jul 2017 |
| 20AABCT0230D1ZE | Jharkhand | Active | 29 Jan 2019 |
| 27AABCT0230D1Z0 | Maharashtra | Active | 03 May 2019 |
| 23AABCT0230D1Z8 | Madhya Pradesh | Active | 06 May 2019 |
To see the full GST registrations and return filing status of Tata Steel Long Products Limited, buy the company report.
Recent activity
Tata Steel Long Products Limited has 63 board changes on record since 1992: 37 appointments and 26 cessations. The latest: Srikanta Kumar Mishra ceased to be CFO on 31 May 2021.
85 earlier events are in the company report.
News
Frequently asked questions
Tata Steel Long Products has been "Amalgamated" (merged) as per MCA records. The company was combined with another entity and no longer exists as a separate legal entity. Business activities, if any, continue under the successor entity.
Tata Steel Long Products was a public limited company based in Keonjhar, Odisha, India. The company worked in steel manufacturing and processing, within the metals and minerals industry. It was incorporated on 31 July 1982 and is registered under CIN L27102OR1982PLC001091. The company is recorded as amalgamated in MCA records and no longer exists as a legal entity.
Tata Steel Long Products was incorporated on 31 July 1982. It is registered with the Registrar of Companies, Cuttack.
Tata Steel Long Products had 11 directors and KMP:
- Ashish Anupam - Managing Director
- Narendran Viswanath Thachat - Director
- Debashish Bhattacharjee - Director
- Meena Lall - Director
- Koushik Chatterjee - Director
- Sougata Ray - Director
- Ansuman Das - Director
- Shashi Kant Maudgal - Director
- Srikumar Menon - Director
- Neeta Karmakar - Director
- Sanjay Kumar Shrivastav - Cfo
The CIN (Corporate Identification Number) of Tata Steel Long Products is L27102OR1982PLC001091. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Tata Steel Long Products is recorded as a listed company by MCA, but its shares were delisted from BSE on 02 Mar 2024 · merger, and no longer trade on a stock exchange.
The registered office of Tata Steel Long Products is at P.O – Joda, Keonjhar, Odisha, India – 758034.
Tata Steel Long Products can be reached through the website tatasteellp.com. Its registered office is in Keonjhar, Odisha, India.
The latest financial statements of Tata Steel Long Products on record with the MCA are for the year ended 31 March 2023. Its last annual general meeting was held on 02 August 2023. Year-wise statements from 2015 are in the company report.
The GSTIN of Tata Steel Long Products is 21AABCT0230D1ZC, registered in Odisha. The company has 8 GST registrations in all, of which 8 are active. Other active GSTINs include 20AABCT0230D1ZE (Jharkhand), 27AABCT0230D1Z0 (Maharashtra), 23AABCT0230D1Z8 (Madhya Pradesh).
Tata Steel Long Products operated in the metals and minerals industry, in the steel manufacturing and processing segment.
Tata Steel Long Products has 65 deals on record (62 market trades, 1 rights issue, 1 funding round), with disclosed funding of ₹12,700 Cr; the latest was in September 2022.
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