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TATA STEEL INAUGURATES PRODUCTIVITY WEEK

Jamshedpur , February 12, 2019

Mr Anand Sen, President TQM & Steel Business inaugurated the Tata Steel Productivity Week 2019 at WGO Lawn, inside the Works premises in the presence of Guest of Honour, Mr Prabhat Lal, Treasurer & Accountant Tata Workers Union.

Speaking on the occasion, Mr. Anand Sen stressed on the need for improving labour productivity with special emphasis on contract labour productivity. He spoke on how one can leverage technology and simplify systems thereby improving overall productivity.

Mr. Prabhat Lal spoke on the importance of improving productivity and how it was the key differentiator in today’s competitive world.

The function started with a gallery walk depicting the improvement initiatives undertaken by various Divisions of Tata Steel.  Thereafter, the Productivity flag was unfurled. Similar functions were held at other locations of Tata Steel like Tata Steel Kalinganagar, Tubes Division, CRM-Bara, and Tata Steel Bearings Division.

Productivity Week owes its origin to the National Productivity Council established in 1985 by the Ministry of Industry, Govt. of India that has been working towards promotion of productivity culture in India. This culture is primarily being promoted through information dissemination by identifying themes that affect productivity and growth through yearly Productivity Week Celebrations.

This year “Circular Economy for Productivity & Sustainability” has been selected as the national theme for the National Productivity Week to be celebrated from February 12 – 18, 2019 at all locations of Tata Steel. Various events like productivity awareness sessions, conference on leveraging artificial intelligence and simulation for productivity improvement, divisional productivity contest, skit competition, and online quizzes will be organised across different locations of Tata Steel.

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 (MTPA). It is one of the world's most geographically-diversified steel producers, with operations and commercial presence across the world. The Group recorded a consolidated turnover of US $20.41 billion (INR 133,016 crore) in FY18. In 2018, Tata Steel acquired Bhushan Steel Ltd (now renamed as Tata Steel BSL Ltd). Currently, Tata Steel's consolidated India crude steel production capacity stands at 18.6 MnTPA.

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 Industry Leader position in FY18 and ranked second overall in the DJSI assessment, 2017. 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, ‘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 sixth time (2018), Steel Sustainability Champions (2017) by the World Steel Association, Dun & Bradstreet Corporate Awards (2017 & 2018), Golden Peacock HR Excellence Award by Institute of Directors (2017 & 2018) as well as '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 in India. Know more at 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.