West Bokaro Division of Tata Steel commissioned the Primary Crushing Plant 3 (PCP 3). PCP 3 was inaugurated today by Mr T V Narendran, Chief Executive Officer & Managing Director, Tata Steel, in the presence of Mr Rajeev Singhal, Vice President (Raw Materials), Tata Steel, Mr Sanjay Singh, General Manager (Coal), Tata Steel and senior officials of Tata Steel.

PCP 3 has been set-up with an objective of augmenting coal beneficiation at the colliery. The project will result in significant savings on the net bottom line annually, which had been accruing out of coal transportation by road to PCP 2. Total investment in the project is to the tune of Rs 57 crore. PCP 3 will not only help in production ramp up but will also address road safety and environmental challenges.

Regular raw material supply is crucial to Company's steel production. Addition of new facilities in West Bokaro will help Tata Steel meet the requirement of coal for its steel works at Jamshedpur and Kalinganagar.

About Tata Steel

Tata Steel Group is one of the world’s largest steel companies with a steel production capacity of approximately 27.5 million tonnes per annum (MnTPA) as on March 31, 2017. It is a geographically-diversified steel producer, with operations in 26 countries and a commercial presence in over 50 countries. The Group recorded a revenue of INR 117,420 crore in FY17. Tata Steel Group has an employee base of nearly 70,000 employees as of March 31, 2017. Tata Steel has successfully challenged the Deming Grand Prize in 2012, received the Prime Minister’s Trophy for the ‘Best Performing Integrated Steel Plant’, ‘Greenco Platinum Rating’ by CII Green Building Council for environmental performance at Jamshedpur steelworks, ‘Best Place To Work’ in the core sector (steel, oil, power and minerals) by Business Today (2017), ‘World’s Most Ethical Company’ award from the Ethisphere, USA (2017), among several others.

Tata Steel Limited is proposing, subject to market conditions and other considerations, a rights issue of its ordinary shares and has filed a Letter of Offer with SEBI and the Stock Exchanges. The Letter of Offer is available on the website of SEBI at www.sebi.gov.in and the websites of the Lead Managers to the Issue at http://www.investmentbank.kotak.com, http://www.axiscapital.co.in, http://www.hdfcbank.com, http://www.icicisecurities.com and http://www.sbicaps.com. Investors should note that investment in equity shares involves a high degree of risk and are requested to refer to the section titled “Risk Factors” on page 11 of the Letter of Offer for details of the same. The securities offered via the Letter of Offer are not being offered to investors outside of India and recipients of the Letter of Offer should refer to the offering restrictions noted therein.

Disclaimer
Statements in this press release describing the Company’s performance may be “forward looking statements” within the meaning of applicable securities laws and regulations. Actual results may differ materially from those directly or indirectly expressed, inferred or implied. Important factors that could make a difference to the Company’s operations include, among others, economic conditions affecting demand/ supply and price conditions in the domestic and overseas markets in which the Company operates, changes in or due to the environment, Government regulations, laws, statutes, judicial pronouncements and/ or other incidental factors.