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Tata Steel and Council of Scientific & Industrial Research (CSIR) sign an umbrella MoU to pursue strategic technology partnership across multiple technology areas

Mumbai, February 10, 2022

Tata Steel and Council of Scientific & Industrial Research (CSIR) signed an umbrella Memorandum of Understanding (MoU) on January 31, 2022, to pursue strategic technological partnership across multiple technology areas. The MoU was signed in the presence of T. V. Narendran, CEO & MD, Tata Steel, and Dr Shekhar C Mande, Director General, Council of Scientific and Industrial Research (CSIR). The objective of this collaboration model is to create first-in-the-world technologies with a global impact on society, industry, and the innovation ecosystem.

The MoU signing ceremony was conducted virtually, with over a hundred attendees, including Vice President, Technology and New Materials Business, Tata Steel, senior executives of Tata Steel, Director National Metallurgical Laboratory, and other Directors & eminent scientists of CSIR.

On the occasion, T. V. Narendran, CEO & MD, Tata Steel, said: “The association of Tata Steel with institutions of eminence like CSIR goes back a long way given the mutual goals and complementary capabilities. Tata Steel intends to be an industry leader in technology and do deeper work on opportunities in the value chain to realise the vision of a green future and contribute to nation-building. We look forward to working together with CSIR for mutual benefit and for the benefit of the country.

CSIR is a key collaborative entity of the Government, offering diverse competencies in industrial research. While there have been select project-based one-to-one collaborations of Tata Steel with individual CSIR entities such as National Metallurgical Laboratory and Central Electro Chemical Research Institute, there is potential to better leverage overlapping competencies of CSIR institutes through an umbrella collaboration model. Tata Steel and CSIR strive to tap this attractive alliance opportunity and be the front runner in developing and deploying diverse breakthrough technologies.

On the occasion, Dr Shekhar C Mande, Director General, CSIR, said: “CSIR shares a very strong relationship with the Indian industry and especially with the Tata House since the time of JRD Tata. Today, we see a further strengthening of this bond, reaffirming our faith in the joint commitment to address problems that confront humanity in the future.”                                  

Tata Steel intends to leverage this collaboration opportunity with CSIR to develop and deploy cutting-edge technologies in critical areas like Hydrogen, Coatings, Energy, and Medical Materials. This partnership will help the Company further its pursuit of sustainable breakthrough technologies in the materials domain, accelerate digitalisation in the manufacturing sector and lead the steel industry’s transformation journey towards sustainable decarbonisation.

 About CSIR

The Council of Scientific & Industrial Research was established in 1942, as an autonomous Society whose President is the Prime Minister of India. It is one of the foremost scientific and industrial research organisations in the world. Over the years, it has helped multiple industries and local state governments maximise their economic, and environmental benefits through research and development.

About Tata Steel

Tata Steel group is among the top global steel companies with an annual crude steel capacity of 34 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 recorded a consolidated turnover of US $21.06 billion in the financial year ending March 31, 2021.

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 has been a part of the DJSI Emerging Markets Index since 2012 and has been consistently ranked amongst top 10 steel companies in the DJSI Corporate Sustainability Assessment since 2016. Besides being a member of ResponsibleSteelTM and worldsteel’s Climate Action Programme, Tata Steel has won several awards and recognitions including the World Economic Forum’s Global Lighthouse recognition for its Jamshedpur, Kalinganagar and IJmuiden Plants, and Prime Minister’s Trophy for the best performing integrated steel plant for 2016-17. The Company, ranked as India’s most valuable Metals & Mining brand by Brand Finance, featured amongst CII Top 25 innovative Indian Companies in 2021, received Steel Sustainability Champion recognition from worldsteel for four years in a row, ‘Most Ethical Company’ award 2021 from Ethisphere Institute, RIMS India ERM Award of Distinction 2021, and Award for Excellence in Financial Reporting FY20 from ICAI, among several others.

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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.

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Sarvesh Kumar

Chief, Corporate Communications - Tata Steel