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Tata Steel’s Noamundi Iron Mine awarded FIMI Excellence Award

New Delhi, August 29, 2017

The Noamundi Iron Mine (NIM) of Tata Steel has been awarded the Federation of Indian Mineral Industries (FIMI) Bala Gulshan Tandon Excellence Award for the year 2016-17 for best overall performance.

Mr Rajeev Singhal, Vice President ( Raw Materials ), Tata Steel, Mr R P Mali, Chief NIM, Tata Steel, Mr Sanjit Kumar Adhya, Head Operations, NIM, Tata Steel and Mr Divyanshu Srivastava, Senior Manager (Improvement), Ore Mines & Quarries (OMQ), Tata Steel received the award on behalf of Tata Steel from the Chief Guest Mr Arun Kumar, Secretary, Ministry of Mines on August 29, 2017 at an award ceremony organised by FIMI at New Delhi. During the award ceremony, Mr Pankaj Satija, General Manager (OMQ), Tata Steel was also honoured and presented with a certificate for his significant contribution towards outstanding performance of the mine. Mr R P Mali received the award on behalf of Mr Satija.

Expressing happiness on receiving the award, Mr Singhal said: “We are honoured to receive this award for our efforts towards sustainable mining practices. Sustainability is an integral part of our business philosophy. Our endeavour has always been to impact positively on the environmental, social and economic aspects of business. We will continue to pursue excellence in mining along with sustained inclusive growth.”

It was on the basis of desktop assessment and presentation, followed by the decision of the Jury Committee for FIMI Awards 2016-17 that NIM was selected for Bala Gulshan Tandon Excellence Award for the year 2016-17. The Jury appreciated the overall performance of NIM and specially recommended to honour NIM with FIMI’s Excellence Award for 2016-17. NIM won this award for its excellent overall performance in economic, social, environmental, health & safety initiatives in its areas of operation. FIMI has instituted the awards scheme to motivate and recognise the efforts of mining industry for having addressed economic, social and environment sustainability issues in an exemplary manner.

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.