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Tata Steel reinforces its commitment to sustainability, introduces Electric Vehicles

Jamshedpur, November 08, 2019

~ Partners with Tata Motors to deploy a fleet of 40 Tigor EVs by FY22 ~

In line with its commitment to sustainability, Tata Steel is introducing a fleet of electric vehicles for employee commuting in Jamshedpur under its Go-Green initiative. The Company has partnered with Tata Motors to deploy 40 Tigor Electric Vehicles (EVs) by FY22 in a staggered fashion. A batch of 9 Tigor EVs were handed over by the Tata Motors’ team to Tata Steel, today, at the Company’s plant in Jamshedpur in the presence of
Mr Chanakya Chaudhary, Vice President, Corporate Services, Tata Steel, Mr Sanjiv Paul, Vice President (Safety, Health & Sustainability), Tata Steel, Mr. R. Ravi Prasad, Tata Workers’ Union, along with Mr Shailesh Chandra, President, Electric Mobility Business & Corporate Strategy, Tata Motors.

Mr. Chanakya Chaudhary said: “The launch of EV fleet is in line with our Company’s green mobility initiative. We are pleased to partner with Tata Motors for the deployment of eco-friendly mobility solutions for our employees. This endeavour is yet another addition to our host of initiatives including roads made of plastic waste, no use of single-use plastic, waste management, biodiversity efforts and more – all to enable a sustainable future.”

On the occasion, Mr. Sanjiv Paul said: “It is our continuous endeavour as a responsible corporate to enable a greener today and tomorrow for all our stakeholders. Studies have shown that the use of green technology for short distance commuting can have a big impact on lowering carbon emissions and noise pollution. Going forward, our fleet of electric vehicles will help us increase our green footprint while encouraging greener options for public commuting in a larger way.”

Mr. R. Ravi Prasad said: “In the current context of global warming the need of the hour is to embrace more and more environment friendly ways of living. Tata Steel has taken an important step ahead in this direction today with the introduction of electric vehicles and I congratulate the team involved in this initiative. I am also happy to inform that the Tata Workers’ Union has also taken up a lot of green initiatives in Jamshedpur and we are receiving whole-hearted support from all stakeholders.”

Mr. Shailesh Chandra said: “We are delighted to partner with Tata Steel on their pragmatic initiative of inducting zero-emission vehicles in their fleet in Jamshedpur. We are confident that the Tigor EV will comprehensively address the mobility needs of the firm in an economical and eco-friendly manner. We remain committed to the sustainable mobility mission and will continue to work towards bringing aspirational e-mobility solutions for customers, leading the drive towards faster adoption of electric vehicles in the country.”

The EV fleet will also be listed on Digiwheels, Tata Steel’s digital solution (application), to enable employees to manage their commuting related requirements in the operational areas of the Company.

Tata Motors is playing a leading role in proactively driving electric mobility in the country. To build a sustainable future for India, the Company has been working collaboratively on various electric and hybrid vehicle solutions.

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. 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-Certified 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 Lighthouse recognition for its Kalinganagar Plant – a first in India, 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.

Last year, the Company launched a corporate brand campaign #WeAlsoMakeTomorrow..

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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.