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Tata Steel adjudged 'Best in Corporate Social Responsibility' by Finance Asia

New Delhi, May 20, 2011

Tata Steel has been adjudged the 'Best in Corporate Social Responsibility' in India by Finance Asia, a leading finance publication based in Hong Kong. The award was given to Tata Steel after the company secured 29 votes, the maximum number, from 300 investors and analysts across the region for Finance Asia’s 11th Annual Poll of Asia’s top companies.

Tata Steel received acclaim again when Mr Koushik Chatterjee, Group Chief Financial Officer, was adjudged the second best Chief Financial Officer in India.

The notion of social stewardship is integral to the company's business endeavours in the areas where it operates. Tata Steel in all its operations throughout the world contributes to local and regional economic and social development in myriad ways. Since the beginning of operations, Tata Steel envisaged its Steel Works, mines and collieries as symbols of nation building and an endeavour to improve the quality of life of its people, with a special interest in the communities where it operates. The Company has introduced numerous community health programmes in India. In education it provides a wide range of scholarships and programmes in all its main operating locations to encourage quality education enabling the least privileged people to achieve functional literacy, and to support deserving students financially. In sports the Tata Football Academy develops and trains young footballers in a scientific way, and has an outstanding record of producing players for the national team. The Tata Athletics and Archery Academy has supported and trained many talents who have brought laurels to the nation in International arena.

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.

About Mr Koushik Chatterjee, GCFO, Tata Steel
Mr. Kousik Chatterjee joined Tata Steel in 1995. During his stint in the Company, he worked in the areas of Corporate Finance and Planning. During the years 1996-1998, he was also a visiting faculty at XLRI, Jamshedpur in Corporate Finance. In 1998 he was transferred to the Tata Steel Head Office in Mumbai and subsequently to Tata Sons Limited in the Group Executive Office (GEO). He became General Manager - Corporate Finance in Tata Sons in 2002. During his tenure in Tata Sons Limited, he was involved in Mergers & Acquisitions' activities including privatisations and joint ventures. He was also the lead facilitator in the Groupwide roll out of Economic Value Added (EVA) for the major Tata companies.

Mr. Chatterjee re-joined Tata Steel on August 1, 2003 and was appointed the Vice President (Finance) w.e.f. August 1, 2004. With the announcement of the new Tata Steel Group post the acquisition of Corus, Mr. Chatterjee was appointed as Group Chief Financial Officer w.e.f. 1st January 2008. He has overall responsibility for Group Financial Reporting, Investor Relations, Financing Strategy including debt and equity raising, Corporate M&A, Risk Management and Compliance, Taxation Strategy and Planning and Co-ordination of statutory and management reporting.

He is on the Board of several Tata Steel Group companies including Tata Steel UK, NatSteel Asia Pte. Limited, Tata Steel (Thailand) Public Company Limited, Southern Steel Berhad, Malaysia and others.

Mr. Chatterjee was declared one of India's best CFOs by Business Today Magazine in 2005 and 2006 and by CNBC in 2007. He is also a frequent speaker in various conferences in India and abroad including the McKinsey Global CFO Forum, Economist Conferences and CII organised conferences.



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