His Excellency The Governor of Tamil Nadu Shri Surjit Singh Barnala presented The Mother Teresa Award for Corporate Citizen 2005 to Tata Steel Limited in a function held at Loyola Institute of Business Administration (LIBA) Open Air Auditorium in Loyola College campus, Nungambakkam, Chennai on Wednesday, 6th December 2006. Dr S Asokan, Chief of Titania Business Unit ,Tata Steel received the award on behalf of the Company.

Loyola Institute of Business Administration (LIBA) Loyola College, Chennai, has instituted this award in the name of Mother Teresa, the Angel of Mercy and Compassion, for Corporate Citizen in the year 1998 to uphold to management students, the corporate world and the general public a business enterprise as a role model in responsible Corporate Citizenship for its deep involvement in programmes of social responsibility beyond the call of its duty.

Once in three years, LIBA constitutes an Award Committee consisting of persons of eminence known for their social commitment and wide experience to identify and select a corporate that fulfills the requirements to receive the Award.

This year, a committee headed by Mr.N.Vittal, IAS.(Retd), former Central Vigilance Commissioner, Government of India, with Mr.A.X. Alexander, IPS, former Director General of Police, Tamil Nadu, Mr.Gopal Srinivasan, M.D., TVS Electronics and Mr.Ramraj, former M.D & CEO., Sify Ltd., Mr.T.S. Krishnamurthy, IRS (Retd) former Chief Election Commissioner and Mrs. Preetha Reddy, M.D. Apollo Hospitals as members of the committee. The Award Committee after due research, deliberations and taking into account the presentations made by prospective claimants to the Award has selected Tata Steel Limited as the recipient of the Mother Teresa Award for Corporate Citizen 2005.

The previous recipients of the Award are Titan Industries (1998), TamilNadu Newsprint and Papers Limited (1999), Orchid Chemicals and Pharmaceuticals Limited (2000), Indian Oil Corporation (2001), Shriram Investments Ltd., (2002) , Polaris Limited (2003) and TVS Motor Company (2004).

The Award Committee selected Tata steel for this prestigious award this year for the Company’s outstanding social commitment and commendable involvement in programmes of corporate responsibility far beyond the call of duty, especially:

• for its unflinching adherence to quality and productivity and for earning commendable recognition as a world class steel maker; for its abiding commitment to the core values of integrity, ethical business practices, employee welfare and customer satisfaction; for its singular contribution to education, social and scientific research;

• for its deep involvement in programmes that promote socio-economic empowerment of the poor, and the disadvantaged sections of society; and for its concerns for environment protection not only in and around its factories and facilities, but also in far off locations that need to be made more habitable.