~MD HANDS-OVER FIRST INSTALMENT TO XITE IN JHARKHAND~

Displaying a long term association with the cause of tribal upliftment, Mr. HM Nerurkar, Managing Director, Tata Steel, today handed over the first installment of Rs. 1.13 crore to the Director, Xavier Institute of Tribal Education (XITE) at Jharkhand, for the construction of a new campus. Constituting 50% construction cost, the Executive Committee of the Board at Tata Steel approved a donation of Rs. 3.39 crore, which will be given to the institution in three equal installments.

On the occasion of the handing over the cheque to the Executive committee of XITE, Mr. H M Nerurkar, Managing Director, Tata Steel Ltd said that he was extremely pleased to support the new academic building of XITE which will further the cause of education of the tribals in the state of Jharkhand. Taking education to tribal and BPL youth is a priority for Tata Steel's community care initiatives.

Tata Steel shares a century old relationship with the tribal community. This contribution is an extended expression of ensuring that growth at Tata Steel is duly shared with the community. This has come as a consensus in Tata Steel, which shows the commitment towards education and empowerment of tribal.

The contribution made by Tata Steel has laid the foundation for new college building in the campus. As XITE acquired 34.50 acres of land adjacent to the existing campus, Tata Steel was prompt to provide aid for the purpose.

With the starting of a full fledged college, XITE will expand its portfolio and diversify into other professional & vocational self financing courses such a BCA / MCA, B.Com / M.Com, Business Economics, Integrated Law degree and MBA. Diploma and certificate courses in Communicative English, Mass Communication, HR and so on will be offered to complement the regular academic programme to enhance employability of our graduates.

About Tata Steel
Established in 1907 as Asia's first integrated private sector steel company, Tata Steel Group is among the top-ten global steel companies with an annual crude steel capacity of over 28 million tonnes per annum (mtpa). It is now the world's second-most geographically-diversified steel producer, with operations in 26 countries and a commercial presence in over 50 countries. The Tata Steel Group, with a turnover of US$ 23 billion in FY 10, has over 80,000 employees across five continents and is a Fortune 500 company. The Group's vision is to be the world's steel industry benchmark in "Value Creation" and "Corporate Citizenship" through the excellence of its people, its innovative approach and overall conduct. Underpinning this vision is a performance culture committed to aspiration targets, safety and social responsibility, continuous improvement, openness and transparency. In 2008, Tata Steel India became the first integrated steel plant in the world, outside Japan, to be awarded the Deming Application Prize 2008 for excellence in Total Quality Management.