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A new “Lease of
Life”
On August 20, 2005, all of Tata Steel and
certainly all of Jamshedpur stood up to applaud the action taken by the Honourable Chief
Minister of Jharkhand, Mr. Arjun Munda, Chairman Tata Group, Mr. Ratan N Tata and the
Managing Director of Tata Steel, Mr. B. Muthuraman. After a wait of
close to a decade, the Jamshedpur Land Lease Agreement was renewed for a period of 30
years with effect from January 1, 1996- on the exact terms and conditions
contained in the earlier lease document.
It’s
official - we are
Tata Steel Limited now On
May 19, the Board of Directors of Tata Iron & Steel Company Limited passed a
resolution that henceforth the Company would be called Tata Steel Limited. The
shareholders of the Company approved the resolution during the Annual General Meeting held
July 27, at Mumbai. After the launch of the new group identity, the Company had in line
with the guidelines adopted usage of “Tata Steel.” Now it has the official seal
of approval to do so. |
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| Mr P P Sharma,
Chief Secretary, Government of Jharkhand and the Managing Director, Mr B Muthuraman sign
the agreement as senior government and company officials look on |
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Partners in
Progress, Mr Arjun Munda and
Mr Ratan Tata celebrate a special moment |
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Jamshedpur was built on land leased to
the Company by the Government of India, across Sakchi village, for a period of 99 years in
1907. The Company established Asia’s first and India’s largest private sector
integrated steel plant over a 7100 hectare area. While the plant itself stands on 800
hectares, the rest of the land was used to create a well planned township. The Company has
since its inception held the belief that business cannot remain an island of prosperity
surrounded by a sea of poverty. It, therefore, committed its resources, people, engineers,
doctors, professional to, almost a century ago “improve the quality of life of the
communities it serves.” Thus, over the years as the growth and expansion of the steel
plant resulted in the high levels of profitability, the Company ensured the very best
civic amenities for the people of Jamshedpur. Even as a fledging launched welfare
initiatives for those residing with a 30 km radius of its operating units. Tata Steel also
created dedicated agencies for Social services including those for rural development,
community development, family welfare and tribal welfare. Jamshedpur’s civic
amenities provider is the only ISO-14001 certified agency of its kind in the country.
The renewal of the lease provides Tata
Steel with the opportunity to further augment the services it offers and to catalyse
socio-economic uplift across a very wide cross section of beneficiaries, many of who are
economically challenged.
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