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Tata Steel Joda East Iron Mine bestowed with the Golden Peacock Innovation Management Award 2017

Joda, December 15, 2017

Joda East Iron Mine (JEIM) of Tata Steel has been conferred with the Golden Peacock Innovation Management Award for the year 2017 for driving innovation in mines. The award was received by Mr Debashis Jena, Chief Joda, Tata Steel from Mr Karan Singh Thakral, Ambassador of Singapore to Denmark and Mr Jawed Ashraf, IFS, High Commissioner of India to Singapore at Institute of Directors India's 2nd Global Convention held at Singapore on December 14, 2017.

On receiving the award, Mr Pankaj Satija, General Manager (Ore Mines & Quarries), Tata Steel said: “It is a matter of pride and honour to receive the Golden Peacock Innovation Management Award 2017. We make every attempt to adopt best practices, modern technologies and innovation to ensure that our mining activities are efficient and sustainable having a positive impact on the triple bottom line. This recognition is a testimony to our commitment in pursuing excellence across our operations.” 

Joda East Iron Mine of Tata Steel is one of the fully mechanized captive iron mines of Tata Steel. It is rated five star category mines by the Government of India for doing sustainable mining. The mine has developed an integrated Total Quality Management framework that provides a structured approach to improvement across the value chain. Some of the innovations implemented in JEIM include digitization in excavation of iron ore, use of iron waste for sustainable mining. Spurred by the spirit of innovation, Tata Steel is dedicated to developing new technologies and designing solutions that help transform processes, improve inefficiencies and enhance customer experience.

Golden Peacock Innovation Management Award is the coveted and prestigious recognition that an organization could strive to win in the area of innovation management. Golden Peacock Awards Secretariat receives over 1,000 entries per year for various awards, from over 25 countries worldwide. The award provides not only worldwide recognition and prestige, but a competitive advantage in driving business.

About Tata Steel

Tata Steel Group is among the top global steel companies with an annual crude steel capacity of 27.5 million tonnes per annum (MTPA) as on March 31, 2017. It is the world's second-most geographically-diversified steel producer, with operations in 26 countries and a commercial presence in over 50 countries. The Group recorded a consolidated turnover of US $18.12 billion (INR 117,420 crore) in FY17. Tata Steel Group is spread across five continents with an employee base of nearly 74,000. Having bagged the Deming Application Prize and Deming Grand Prize for continuous improvement in 2008 and 2012 respectively, Tata Steel has now been recognised as the global ‘Industry Leader’ in ‘Steel category’ by Dow Jones Sustainability Index (2015). Besides being a member of the World Steel Climate Action Programme, Tata Steel has also been felicitated with several awards including the Prime Minister’s Trophy for the best performing integrated steel plant for 2013-14 (received in 2017), Best Risk Management by CNBC TV18 (2016), ‘Best-in-class Manufacturing’ award from TIME India (2016) and the ‘Most Ethical Company’ award from the Ethisphere Institute (2016), IIM Sustainability Award (2015), among several others.

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.