Jamshedpur is home to the first private iron and steel company of India. The areas surrounding Jamshedpur are rich in minerals, includingiron ore, coal, manganese bauxite and lime. It is a modern, industrial city; the main industries being iron and steel, truck manufacturing, tinplate production, cement and other small and medium scale industries revolving around these products.
The largest factory is that of Tata Steel (the erstwhile Tata Iron and Steel Company or TISCO), situated almost at the center of the city. Tata Steel is the largest iron and steel producing plant in India, as well as the oldest. It is ranked 401 in the 2012 Fortune Global 500ranking of the world's biggest corporations. It is the eighth most-valuable Indian brand according to an annual survey conducted by Brand Finance and The Economic Times in 2010. Currently the plant has 9 Blast Furnaces and is an employer to some 26500 employees. Plans have been made for the expansion of Tata Steel's existing plant at Jamshedpur from 7 million tonnes per annum to 10 million tonnes per annum. It would then be the first plant in the world to have 10 million tonne capacity in a single campus. The steel plant covers around a fourth of the land area of Jamshedpur, and has two inland water lakes.
Tata has won awards like the Prime Minister's Trophy for Best Integrated Steel Plant for a record five times, ranked World’s Best Steel Maker for three times by World Steel Dynamics, world renowned Deming Prize for major advances in quality improvement.
The other major factory in the city is Tata Motors with Telcon, which manufactures heavy vehicles and construction/earth moving equipment. Tata Motors was previously called The Tata Engineering and Locomotive Company (TELCO), as railway locomotives were once manufactured here. The plant spread over 822 acres is one of the largest in the country and at peak rate can roll out 450 vehicles per day. It is the world's eighteenth-largest motor vehicle
