Enhancing Shareholder Value through Cost Reduction

“ We have invested in Tata Steel because it has world class steel manufacuring facilities. It is the cheapest steel producer in the world with self sufficiency in raw materials and one of the best managed companies with excellent labour relations.” Kiran Gordhandas Gupta High Networth Investor
•	Tata Steel has launched several improvement initiatives to reduce costs on all fronts - right from the mining of coal to the purchase of raw materials and from the cost of conversion to the fuel rate in the blast furnace.
•	With the costs being brought down, Tata Steel has emerged as one of the lowest operating cost producers of Hot Rolled Coils, at $ 150-160 per tonne.
•	Tata Steel has focussed on reducing raw material consumption, eliminating the usage of petroleum products and reducing operation costs, increasing savings by strategic sourcing and increasing the utilisation of plant wastes.
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