Explanation: Tata Iron and Steel Company (TISCO) was founded by Jamsetji Nusserwanji Tata and established by Sir Dorabji Tata on 26th August 1907. TISCO started pig iron production in 1911 and began producing steel in 1912. On the banks of the river Subarnarekha set up the factory and an industrial township – Jamshedpur.