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Tata Steel Parivar Offers Scholarship to its Members

Bhubaneswar, July 20, 2007

Tata Steel has brought yet another novel idea called Tata Steel Parivar Scholarship, to create skilled manpower and seize the unlimited employment opportunities in Kalinganagar and Orissa. This scholarship programme is a part of the Company's commitment to ensure better quality of life and sustainable livelihood for the members of Tata Steel Parivar. Its primary objective is to provide technical and professional qualifications to children of rehabilitated families.

As a socially responsible organisation, Tata Steel is continuously striving to improve the education levels and also enhance the professional qualification of the children of the rehabilitated families. This endeavour by the Company will enable the Tata Steel Parivar members to take advantage of the upcoming employment opportunities through massive industrialisation.

Tata Steel has sought application from the children of displaced families who have received admission into recognised colleges and institutes to undertake graduate or post graduate professional degree or diploma courses in engineering, medicine, nursing, teaching, management, IT and others. The scholarship will cover the cost of fees and hostel either for diploma, graduate or post-graduate degrees and will pay the institution directly where the student has taken admission.

For the displaced families of Kalinganagar, Tata Steel is going beyond the stipulations of R&R policy of the government of Orissa to ensure long term assurance of better quality of life. This idea has led to the formation of concept of Tata Steel Parivar and Tata Steel is implementing this Parivar concept for the displaced families for the first time in Kalinganagar. This programme will ensure improvement in quality of life and will also give importance to the cultural and emotional requirements. Each member of the displaced family is a member of Tata Steel Parivar.

Tata Steel has made a conscious effort to include all displaced families in Tata Steel Parivar and ensure better standards of living for everybody.

About Tata Steel

Established in 1907 by its Founder J N Tata, Tata Steel is the flagship of Tata Group, the largest and most respected business house in India having interests in Steel, Automobiles, Telecom, IT, Energy, Hotels. The Tata Group comprises around 90 companies with total turnover of US$22 billion, equivalent of around 3 per cent of India's GDP.

Tata Steel has one of the most modern steel making facilities and is also one of the lowest cost producers of steel in the world. It has been rated as the world's best steel company for the past three consecutive years by World Steel Dynamics. World over, Tata Steel currently has a capacity of around 26 million tonnes per annum including its recent takeover of Corus and has the second largest global distribution network in 45 countries. Tata Steel which has also set benchmarks in the fields of corporate social responsibility and corporate governance firmly believes in improving the quality of life of its employees and the communities it serves. Tata Steel aspires to become 50 million tonne Steel Company by 2015. The cooperation between VSC and Tata Steel signals the beginning of strong growth of the Steel Industry in Vietnam. It is also a socially responsible organisation and its relief operations have always helped in providing comfort to the affected. One of the major initiatives as a part of relief work has been the construction of 609 house and 25 school-cum-cycle shelters for the super cyclone affected victims of Orissa in 1999. Tata Steel has also extended its relied operations in Orissa during the floods of 2001, 2004 and 2006.

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