Tata Steel’s Vision 2007 enunciates the company’s goals as being to become an EVA positive company and at the same time continuing to improve the quality of life of its employees and the communities it serves. The Company’s decision to create a separate entity, Jamshedpur Utilities and Services Company (JUSCO), to provide utilities and services to the steel city of Jamshedpur, is intended to serve both purposes.

Mr Muthuraman, Mr Sanjiv Paul and Mr R B B Singh sign the respective agreements for the transfer of services and people to JUSCO

The weaning away of the civic amenities it provides to the city will ensure that, as a steel company Tata Steel can remain focussed on its primary purpose of production and marketing of iron and steel and thus retain its competitive advantages in the industry. On the other hand, the newly formed company can focus on improving the quality of life of the people of the city. Tata Steel believes that a separate organisation can tap the potential for business growth in municipal and other services provided by the Company in Jamshedpur.

JUSCO is a wholly owned subsidiary company of Tata Steel. It will be responsible for housekeeping and hospitality, town planning and engineering, civil construction and maintenance, public health, education, horticulture, fleet management, water and waste water management, power distribution and related activities.

The agreement to transfer these activities including all concerned employees of the Company, was executed between Tata Steel and JUSCO on March 30, 2004. JUSCO has agreed to the continuity of service of employees after transfer. The terms and conditions of service offered to them will not in any way be less favourable than enjoyed by them at Tata Steel.

Civic amenities and services now the responsibility of JUSCO

The agreement for the transfer was jointly signed by the Managing Director of Tata Steel, Mr B Muthuraman and President Tata Workers’ Union, Mr R B B Singh.