Tata Steel, India’ first and largest integrated private steel company of India which celebrated its centenary year has made its maiden entry in the list of Global 500 Companies released by the Fortune magazine. In an official clarification issued on the Website of Fortune magazine, Tata Steel now ranks 231 in the list of Global 500 Companies and not 315 as mentioned in the Fortune magazine.
Based on the consolidated 9 months financial results of Tata Steel, Fortune magazine ranked Tata Steel at 315th position. However, post the announcement of the Annual Results of Tata Steel, which was after the deadline of the publication of the Fortune magazine listing the Global 500 Companies, Fortune in a clarification on its website mentions that the Company would have been placed at the 231st position on the list and not 315.
To quote the website of Fortune magazine, Tata Steel's revenue for fiscal year end March 31, 2008 -- released by the company after the Global 500 publication deadline -- was $32.8 billion. Had the information been available, the company would have placed 231 on the list. The company ranked 315th in the listing, based on revenue for the four quarters ended Dec. 31, 2007, of $25.7 billion.
This is the first time that the company has made an entry into the prestigious list of top 500 Companies of the World. Of all the Companies featured in the list Global 500 companies, Tata Steel has registered the biggest increase in revenues with a percentage change of 353.2 % from 2006. Tata Steel has registered revenue of $ 32.8 billion dollars.
Based on the consolidated 9 months financial results of Tata Steel, Fortune magazine ranked Tata Steel at 315th position. However, post the announcement of the Annual Results of Tata Steel, which was after the deadline of the publication of the Fortune magazine listing the Global 500 Companies, Fortune in a clarification on its website mentions that the Company would have been placed at the 231st position on the list and not 315.
To quote the website of Fortune magazine, Tata Steel's revenue for fiscal year end March 31, 2008 -- released by the company after the Global 500 publication deadline -- was $32.8 billion. Had the information been available, the company would have placed 231 on the list. The company ranked 315th in the listing, based on revenue for the four quarters ended Dec. 31, 2007, of $25.7 billion.
This is the first time that the company has made an entry into the prestigious list of top 500 Companies of the World. Of all the Companies featured in the list Global 500 companies, Tata Steel has registered the biggest increase in revenues with a percentage change of 353.2 % from 2006. Tata Steel has registered revenue of $ 32.8 billion dollars.
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