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Tata Steel opens Boxing Centre at Noamundi to nurture budding boxers

Noamundi, February 16, 2018

~ 11th Jharkhand State Boxing Championship for Youth and Elite kicks-off at Noamundi ~

~ 150 boxers from 11 districts to bout for the best boxer title ~

Tata Steel at Noamundi has opened a boxing centre "Noamundi Boxing Centre" (NBC) to nurture budding boxers of the region. The NBC was inaugurated today by Mr Anand Sen, President TQM & Steel Business, Tata Steel along with Mr Uttam Singh, Vice President, Iron Making, Tata Steel and Mr Pankaj Satija, General Manager, Ore Mines & Quarries (OMQ) Division, Tata Steel.

The prime objective of the centre is to unearth the hidden boxing talent in the tribal regions of West Singhbhum. To arouse excitement among the people of the community on the thrills of boxing, Tata Steel in collaboration with Jharkhand Boxing Association also kicked-off the 11th Jharkhand State Boxing Championship for Youth and Elite today. A total of 13 teams comprising 150 boxers from Tata Boxing Centre, Jamshedpur, South Eastern Railway Sports Association and 11 districts of Jharkhand are participating in the championship. The championship will conclude on February 18, 2018.

The NBC, with the floor area of 3150 square feet, is built with an investment of Rs 31 lakh. The boxing centre utilizes the scrap conveyor belt for the flooring purpose as part of the “Best Out Of Waste” initiative at OMQ, NBC will be the training ground for the young boxing talent in the area.

Present on the occasion were Mr R.P Mali, Chief Noamundi Iron Mine, Tata Steel, Mr P.K Dhall, Chief Processing & Logistics, (OMQ), Tata Steel, Mr Nirmal Bhattacharjee, Chief Engineering Services & Projects, OMQ, Tata Steel and Mr Dhirendra Kumar, Chief Medical Officer, Tata Steel Hospital Noamundi along with other Tata Steel officials.

About Tata Steel

Tata Steel Group is one of the world’s largest steel companies with a steel production capacity of approximately 27.5 million tonnes per annum (MnTPA) as on March 31, 2017. It is a geographically-diversified steel producer, with operations in 26 countries and a commercial presence in over 50 countries. The Group recorded a revenue of INR 117,420 crore in FY17. Tata Steel Group has an employee base of nearly 70,000 employees as of March 31, 2017. Tata Steel has successfully challenged the Deming Grand Prize in 2012, received the Prime Minister’s Trophy for the ‘Best Performing Integrated Steel Plant’, ‘Greenco Platinum Rating’ by CII Green Building Council for environmental performance at Jamshedpur steelworks, ‘Best Place To Work’ in the core sector (steel, oil, power and minerals) by Business Today (2017), ‘World’s Most Ethical Company’ award from the Ethisphere, USA (2017), among several others.

Tata Steel Limited is proposing, subject to market conditions and other considerations, a rights issue of its ordinary shares and has filed a Letter of Offer with SEBI and the Stock Exchanges. The Letter of Offer is available on the website of SEBI at www.sebi.gov.in and the websites of the Lead Managers to the Issue at http://www.investmentbank.kotak.com, http://www.axiscapital.co.in, http://www.hdfcbank.com, http://www.icicisecurities.com and http://www.sbicaps.com. Investors should note that investment in equity shares involves a high degree of risk and are requested to refer to the section titled “Risk Factors” on page 11 of the Letter of Offer for details of the same. The securities offered via the Letter of Offer are not being offered to investors outside of India and recipients of the Letter of Offer should refer to the offering restrictions noted therein.

Disclaimer
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.