Question

When was the first iron and steel company established in India?
(A) 1910
(B) 1905
(C) 1907
(D) 1915

Answer 1

Hint:
The Steel and Iron industry is one of the most frequently evolving companies throughout the world. India in the year 2019 became the second-largest maker of these two materials, only after China. Even at present, there are more than 50 steel and iron plants rooted at a big level. Few commonly known steel and iron plants are Jindal Steel and Power Limited, Tata Steel Plant, Durgapur Steel Plant and many more located all over India.

Complete step by step solution:
 Iron and Steel are the most used materials in the manufacturing process. They are used to make a huge number of materials and products for common uses. While talking about the material they are composed of, Iron is a ferromagnetic metal while Steel is an alloy that is made up of partially iron and carbon.

The first iron and steel company was the Tata Steel Company that was established in the year 1907 on the 26th of August. The first Tata Steel plant was set up in Jamshedpur by Jamsetji Tata. The Tata Steel Company has its branch in over 26 other countries including Nepal, Netherland, Malaysia, Thailand and the United Kingdom. According to the Brand Finance Survey that was held in 2013, it was ranked 7th most valuable brand company of India. It serves its customers in every field which includes the automotive, formation, engineering, packaging and lifting of material.


Hence, the correct answer is option C.

Note:
Tata Iron and Steel Company Limited (TISCO) is the most leading group that deals in the export and import of steel and iron of approx 34 million tons every year. The main market competitor of Tata Steel is Essar Steel and Jindal Steel. The steel plants that are planted in the industries produce materials like Cast Iron, Alloys, Pipes, Cables and Wires.