Page 31 - Tata Steel One Report 2024-Eng-Ebook HY

Business Operation and Performance Driving Business Towards Sustainability Corporate Governance Policy Financial Statements Attachments
Shareholding Structure
Tata Steel Limited 100%
T Steel Holdings Pte. Ltd. (Singapore) 100%
T S Global Holdings Pte. Ltd. (Singapore) 67.90%
Tata Steel (Thailand) Plc. (TSTH) 99.90%
Tata Steel Manufacturing (Thailand) Plc. (TSMT)
Tata Steel (Thailand) Public Company Limited had merged the businesses of two of its subsidiaries, The Siam Construction Steel Company Limited and The Siam Iron and Steel (2001) Company Limited into Tata Steel Manufacturing (Thailand) Public Company Limited to form one operating subsidiary using the Entire Business Transfer (EBT) method. The EBT process was completed on December 31, 2020. Consequently, The Siam Construction Steel Company Limited and The Siam Iron and Steel (2001) Company Limited are currently under the dissolution process.
Policy of division of operation between companies
within the group
The Company’s operations are undertaken in a cohesive manner with the Tata Steel (Thailand) Plc. as the policy making body and the three plants responsible for carrying out the operations according to the prescribed policies with regard to Marketing & Sales, Production, Procurement of raw material and services, Finance, Human Resources Management and other aspects of the business.
The Company has a policy to allocate production at each of its three plants with an objective to maximize the profitability of the Company as a whole. The product mix is derived based on the technical and production capability of each plant, market need and to serve customer specific requirements if any.
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