Tata Steel Final

TATA STEEL

HISTORY:Tata Steel was established by Indian Parsi businessman Jamshetji Nusserwanji Tata in 1907, he died in 1904, before the project was completed. Tata Steel introduced an 8-hour work day as early as in 1912 when only a 12-hour work day was the legal requirement in Britain. It introduced leave-with-pay in 1920, a practice that became legally binding upon employers in India only in 1945. Similarly, Tata Steel started a Provident Fund for its employees as early as in 1920, which became a law for all employers under the Provident Fund Act only in 1952. Tata Steel's furnaces have never been disrupted on account of a labour strike and this is an enviable record. The Founder - Jamsetji Nusserwanji Tata (1839-1904)

Jehangir Ratanji Dadabhai Tata (1904-1993)

ABOUT TATA STEEL:Tata Steel formerly known as TISCO and Tata Iron and Steel Company Limited is the world's sixth largest steel company, with an annual crude steel capacity of 28 million tones. It is the second largest private sector steel company in India in terms of domestic production. Ranked 315th on Fortune Global 500 it is based in Jamshedpur, Jharkhand, India. It is part of Tata Group of companies. Tata Steel is also India's second-largest and second-most profitable company in private sector with consolidated revenues of Rs 1,32,110 crore and net profit of over Rs 12,350 crore during the year ended March 31, 2008. Its main plant is located in Jamshedpur, Jharkhand, with its recent acquisitions; the company has become a multinational with operations in various countries. The Jamshedpur plant contains the DCS supplied by Honeywell. The registered office of Tata Steel is in Mumbai. The company was also recognized as the world's best steel producer by World Steel Dynamics in 2005.The company is listed on Bombay stock exchange and National stock exchange of India, and employs about 82,700 people (as of 2007).

Business units:Strategic Business Units Apart from the main Steel Division, Tata Steel's operations are grouped under the following Strategic Business Units: Bearings Division: Manufactures ball bearings, double row self-aligning bearings, magneto bearings, clutch release bearings and tapered roller bearings for two wheelers, fans, water pumps, etc. Ferro Alloys and Minerals Division: Operates chrome mines and has units for making Ferro chrome and Ferro manganese. It is one of the largest players in the global Ferro chrome market. Agrico Division: Tata Agrico is the first organized manufacturer in India of hand tools and implements for application in agriculture. Tata Growth Shop (TGS): Has designed, developed, manufactured, erected and commissioned thousands of tonnes of equipment ranging from overhead cranes to high precision components, including a rocket launch pad for the Indian Space and Research Organization. Tubes Division: The biggest steel tube manufacturer with the largest market share in India, it aspires to strengthen its market presence by expanding and modernizing its commercial and precision tube manufacturing capacity. Wire Division: A pioneer in the manufacture of steel wires in India, it produces coated and uncoated wires, branded as Tata Wiron. The division also operates a wholly owned subsidiary in Sri Lanka.

PRODUCTION:Tata Steel annually produces 9 million tonnes of steel in India and 21.4 million tonnes overseas, making it the fifth largest steel producer in the world. It produced a recordbreaking 5.0 million tonnes of salable steel in its Jamshedpur works in 2006-07. The company's gross revenue in that financial reporting year was Rs. 20196.24 crores.

Capacity Expansion Tata Steel has set an ambitious target to achieve a capacity of 100 million tonne by 2015. Managing Director B Muthuraman stated that of the 100 million tonne, Tata Steel is planning a 50-50 balance between Greenfield facilities and acquisitions. •

Overseas acquisitions have already added up to 21.4 million tonne, which includes Corus production at 18.2 million tonne, NatSteel production at two million tonne and Millennium Steel production at 1.2 million tonne. Tata is looking to add another 29 million tonnes through the acquisition route.

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Tata Steel has lined up a series of Greenfield projects in India and outside which includes

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6 million tonne plant in Orissa (India) 12 million tonne in Jharkhand (India) 5 million tonne in Chhattisgarh (India) 3-million tonne plant in Iran 2.4-million tonne plant in Bangladesh 5 million tonne capacity expansion at Jamshedpur (India) 4.5 million tonne plant in Vietnam (feasibility studies underway) Acquisitions

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In August 2004, Tata Steel entered into definitive agreements with Singapore based NatSteel Ltd to acquire its steel business for Singapore $486.4 million (approximately Rs 1,313 crore) in an all cash transaction.

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In 2005, Tata Steel acquired 40% Stake in Millennium Steel based in Thailand for $130 million (approx. Rs 600 crore).

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In 2007 Tata Steel through its wholly owned Singapore subsidiary, NatSteel Asia Pvt Ltd acquired controlling stake in two rolling mills: SSE Steel Ltd, Vinausteel Ltd located in Vietnam.

PUBLIC RELATION ACTIVIES FOLLOWED BY TATA STEEL:-

Tata Steel celebrates its Century Year:Tata Steel completed 100 years of existence on August 26, 2007 following the ideals and philosophy laid down by its Founder, Jamsetji Nusserwanji Tata way back in 1907. To commemorate the completion of 100 years of operations, a milestone achieved by few, there is a host of events and activities lined up for the citizens of Jamshedpur. In this occasion, Tata Steel has also launched its micro website – www.tatasteel100.com which has many interactive features like "Share Your Story" and "Impressions", where a viewer can share his memories and experiences about the company, "People", a section on leaders of past and present, "Snapshots", focusing on some historic moments of the company, "Advertisements", a section comprising of print and electronic advertisements of the company over these ten decades. The site will also have updates on the Centenary Projects that will be undertaken during the year. There will be an events guide section which will inform viewers of forthcoming events and contain reports on functions that have taken place in the past.

CORPORATE IMAGE AND IDENTITY:Corporate rankings :With the acquisition of Corus, Tata Steel debuted in the list of private sector companies from India to feature in the 2008 Fortune Global 500 list (at rank 315) of the world's largest corporations.

Corporate Sustainability:Regarded globally as a benchmark in corporate social responsibility, Tata Steel's commitment to the community remains the bedrock of its hundred years of sustainability. Its mammoth social outreach programme covers the company-managed city of Jamshedpur and over 800 villages in and around its manufacturing and raw materials operations through uplift initiatives in the areas of income generation, health and medical care, education, sports, and relief. The Company, fully conscious of its responsibilities to the future generations, has always taken pro-active measures to ensure optimum utilization of natural resources. This is reflected in the ISO-14001 certification that all its operations have achieved for environment management. The SA 8000 certification for work conditions and

improvements in the workplace at the steel works in Jamshedpur, along with its Ferro Alloys and Minerals Division, is a reiteration of its commitment towards the Company's employees. Tata Steel has pioneered numerous employee welfare measures such as the 8 hours working day and the three tier joint consultation system of management which have been the platform for nearly 80 years of industrial harmony in its Steel Works in Jamshedpur.

Awards and Recognitions:•

Tata Steel India awarded the Deming Application Prize 2008 for excellence in Total Quality Management. It is the first integrated steel company in the world, outside Japan to get this award.

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World Steel Dynamics has ranked Tata Steel as the world's best steel maker (for two consecutive years) in its annual listing in February 2006. Tata Steel has been conferred the Prime Minister of India's Trophy for the Best Integrated Steel Plant five times. It has been awarded Asia's Most Admired Knowledge Enterprise award five times in 2003, 2004, 2006, 2007 and 2008. Conferred the prestigious Global Business Coalition Award for Business Excellence in the Community in recognition of its pioneering work in the field of HIV/ AIDS awareness. Tata Steel works has been conferred the prestigious social accountability (SA) 8000 certification by social. Accountability international (SAI), USA. It is the first steel company in the world to receive this certificate. Corporate Sustainability Report of Tata Steel hailed by United Nation's Environment Programme (UNEP) and Standard and poor as strongest, submitted by any corporate house from emerging economies. Best governed company Award 2006 for setting high standards in governance practices. Tata Steel won "Award for Corporate Social Responsibility in Public health" by US- Indian Business Council (USIBC), Population Services International (PSI) and the center for Strategic and International Studies (CSIS) in 2007.

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The Company’s Corporate Governance Philosophy:The Company has set itself the objective of expanding its capacities and becoming globally competitive in its business. As a part of its growth strategy, the Company believes in adopting the ‘best practices’ that are followed in the area of Corporate Governance across various geographies. The Company emphasizes the need for full transparency and accountability in all its transactions, in order to protect the interests of its stakeholders. The Board considers itself as a Trustee of its Shareholders and acknowledges its responsibilities towards them for creation and safeguarding their wealth. During the year under review, the Company launched the Tata Steel Group vision whereby the Tata Steel Group (‘the Group’) aspires to be the global steel industry benchmark for value creation and corporate citizenship. The Group expects to realize its vision by taking such actions as may be necessary in order to achieve its goals of value creation, safety, environment and people.

MEDIA RELATIONS:CONTROVERSIES:The company is facing increasing criticism that the drive for growth and profits is completely overshadowing its once famed philanthropy and causing lasting social and environmental damage at various locations. In response, Tata cites its programs for environment and resource conservation, including a reduction in greenhouse erosion, raw materials and water consumption. The company has increased waste re-use and recycling, and reclaims land at its captive mines and collieries through forestation. Tata Steel's chief, environment and occupational health, says, "Our capital investment in pollution-abatement solutions was in the vicinity of Rs. 400 crore in 2003-04."

We aspire to be the global steel industry benchmark for Value Creation and Corporate Citizenship

FOLLOWING ARE THE VISION OF TATA STEEL GROUP:•

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Our people, by fostering team work, nurturing talent, enhancing leadership capability and acting with pace, pride and passion - work in a team, encourage the talent & leadership qualities. Our offer, by becoming the supplier of choice, delivering premium products and services, and creating value with our customers – provide customers with quality product & create goodwill among the customers. Our innovative approach, by developing leading edge solutions in technology, processes and products – make use of the upgraded technology

Our conduct, by providing a safe working place, respecting the environment, caring for our communities and demonstrating high ethical standards

FUTURE PLANS:The person who is being contacted has not revealed any future plans of the company.