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TISCON Rebars Seized after Raid at Bhelpahari Stockyard

Jamshedpur , September 13, 2019

~ Major Goods in-Transit Theft Syndicate Busted and Veteran Criminals Nabbed ~

Jamshedpur Police based on information provided by Tata Steel Security department conducted a raid at a stockyard at Bhelpahari on the Jamshedpur- Ranchi highway on September 13 and seized 1.5 Tonnes of TATA TISCON rebars while unearthing a syndicate involved in the theft of Tata Tiscon rebars during transit from Plant to stockyards in collusion with the respective truck drivers.

It is relevant to note that the TATA TISCON rebars which are obtained via this stolen route are sold at the local market by a few unscrupulous traders. The Stockyard or ‘Tal’ was being operated by one Babban Yadav. All the members of the racket were arrested and stolen material seized by the police.

Commenting on the ongoing efforts to help consumers buy only genuine Tata Steel products, Mr. Gopal Prasad Choudhary, Chief, Security and Brand Protection, Tata Steel said; “Tata Steel will monitor, identify and initiate action against any and all offenders including traders selling stolen TATA branded materials and spare no effort to fight this menace in the market as well as proliferation of counterfeit products in the market. We are thankful to SSP Jamshedpur for his swift response to contain this menace."

Tata Steel has taken several steps to protect its brand name being used by unauthorized entities manufacturing and selling counterfeit products under the company’s name. The company engages with the local law enforcement authorities to keep a check on the infringement of the ‘TATA’ trademark. Tata Steel continuously collaborates with law enforcement agencies across the country to contain afore mentioned illegal activities impacting the company’s assets, brand and reputation while also defrauding the exchequer of rightful taxes.

This latest move is part of Tata Steel’s continuing efforts to stop pilferage of products. Rebars are used in the construction industry. In the near 18 million tonne market, India's best-known rebar brand is TATA TISCON. The brand sells through an established network of nearly 6,400 dealers across India.

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.