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Ground Breaking Ceremony of IBMD Processing and Sales Yard held at Marine Drive

Jamshedpur, November 26, 2019

The Industrial By-Products Management Division (IBMD) of Tata Steel organized a Ground Breaking Ceremony of its Processing and Sales Yard at Marine Drive on November 25, 2019. Mr Sanjiv Paul, VP Safety Health & Sustainability, Tata Steel graced the occasion as Chef Guest along with other dignitaries namely Mr. Tarun Daga , MD JUSCO, Mr. Prabhat Kumar , EIC IBMD, Mr. U K Singh , Chief of Operations & New Initiatives, IBMD, Capt. Dhananjay Mishra , Sr GM, JUSCO.  A sapling plantation ceremony also took place at the ground breaking venue to mark the occasion.

The guests were given a briefing on the proposed development plan and the processing facility to be undertaken at the IBMD Processing and Sales yard. Information on the “state of the art” testing labs of ‘Tata Aggreto’ (Processed Steel Slag) was also provided. 

A unique feature of the Yard is that it has been layered with Paver Blocks that have been manufactured using Tata Steel branded LD Slag products, i.e. Tata Aggreto & Tata Nirman. Mr. Sanjiv Paul appreciated the efforts towards developing sustainable products and encouraged the endeavor taken by the team.

About Tata Steel
Tata Steel group is among the top global steel companies with an annual crude steel capacity of 33 million tonnes per annum (MnTPA). It is one of the world's most geographically-diversified steel producers, with operations and commercial presence across the world. The group (excluding SEA operations) recorded a consolidated turnover of US $22.67 billion in the financial year ending March 31, 2019. In 2018, Tata Steel acquired Bhushan Steel Ltd (now renamed as Tata Steel BSL Ltd).

A Great Place to Work-CertifiedTM organisation, Tata Steel Ltd., together with its subsidiaries, associates and joint ventures, is spread across five continents with an employee base of over 65,000.
Tata Steel retained the ‘Global Steel Industry Leader’ position in the DJSI 2018. The Company has been recognised as the Climate Disclosure Leader in ‘Steel category’ by CDP (2017). Besides being a member of the World Steel Climate Action Programme, Tata Steel has won several awards including the Prime Minister’s Trophy for the best performing integrated steel plant for 2016-17, ‘GreenPro’ certification for products (Tata Pravesh Steel Doors, Tata Structura, Tata Pipes) by CII, Authorized Economic Operator  (AEO) status (Tier 2) by the Directorate of International Customs (Ministry of Finance, Govt. of India), ‘Corporate Strategy Award’ by Mint (2018), Golden Peacock Award for Risk Management (2018) and Best Risk Management Framework & Systems Award (2019) by CNBC TV18. The Company also received the ‘Most Ethical Company’ award from Ethisphere Institute for the eight time (2019), Steel Sustainability Champion (2018) by the World Steel Association, Dun & Bradstreet Corporate Awards (2019), Golden Peacock HR Excellence Award by Institute of Directors (2018), ‘Best Companies To Work For’ recognition by Business Today, 'Asia's Best Integrated Report' award by the Asia Sustainability Reporting Awards (2017), among several others.

In 2018, the Company launched a corporate brand campaign #WeAlsoMakeTomorrow. (www.wealsomaketomorrow.com).

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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.