Tata Steel Long Products Limited (Formerly Tata Sponge Iron Limited) is one of India’s largest merchant sponge iron manufacturers. The company is engaged in the production of sponge iron by direct reduction method of iron ore and power generation from waste heat. The Company commenced its journey as IPITATA Sponge Iron Limited in 1982. It was a joint venture between Tata Steel Limited and the Industrial Promotion & Investment Corporation of Orissa Limited (IPICOL) for the prod//uction of sponge iron, based on the TISCO Direct Reduction (TDR) technology. Later, in 1991, Tata Steel acquired IPICOL’s entire stake and Tata Sponge became an associate company of Tata Steel. Tata Steel Long Products is now a subsidiary of Tata Steel, wherein Tata Steel holds 75.91% shareholding. Company produces and markets sponge iron, across India and in neighboring countries. Moreover, the Company also exports its surplus power from its two power plants to the parent company.
Recently, the Company has acquired the steel business undertaking of Usha Martin Limited. The business being acquired inter-alia comprises of a specialized ~1.0 mtpa alloy based manufacturing capacity in long products segment based in Jamshedpur, a producing iron-ore mine, a coal mine under development and captive power plants.