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Tata Steel to continue its association with PGTI as umbrella partner for three more years

Mumbai/ Kolkata, March 18, 2022

~ Sponsorship pegged at higher value compared to the previous association ~

~ Season-end Tata Steel Tour Championship prize money doubled from Rs. 1.5 cr to Rs. 3 cr, this year onwards ~

~ Has been PGTI umbrella partner since 2019 ~

~ Tata Steel’s association has made PGTI and golf more popular in India ~

Tata Steel today announced that it will extend its support to the Professional Golf Tour of India (PGTI), as an umbrella partner for three more years starting from the 2022 season. The sponsorship commitment is pegged at a higher value, compared to the previous occasion. The steelmaker, known for its long-cherished commitment to building sports in India, also said that it will be doubling the prize money of the season-ending Tata Steel Tour Championship to Rs 3 crores, from this year onwards. Tata Steel first came onboard as umbrella partner of PGTI in 2019 by signing a three-year contract with the controlling body for professional golf in India.

Sanjiv Paul, Vice President (Safety, Health & Sustainability), Tata Steel, said: “Sports is a way of life at Tata Steel and we have always been at the forefront of developing and nurturing sporting talent in the country. We look forward to continuing our valued collaboration with PGTI to pursue our common goal of promoting Indian talent to compete at the highest level of golf. We will continue to strive for excellence in sports and leverage sports to empower the community.”

Uttam Singh Mundy, CEO, PGTI, said: “We are delighted to renew our partnership with Tata Steel, one of India’s leading corporates and patron of sports, as our umbrella partner. This development is a shot in the arm for PGTI as our continued association with Tata Steel will help Indian professional golf scale new heights in the coming years.”

Tata Steel’s century-old association with sports dates back to Sir Dorabji Tata financing four athletes and two wrestlers for the 1920 Olympic Games in Antwerp, Belgium. The Company has created an array of infrastructure for every sports discipline, including a 9-hole golf course (Beldih) and an 18-hole golf course (Golmuri) in Jamshedpur, which have played host to several tournaments.

The affiliation of PGTI with the Official World Golf Ranking (OWGR) system allows more Indian players to make an impact on the world stage, as well as for the world to recognise the caliber of talent that exists in India. Since becoming a part of the 'Official World Golf Ranking' (OWGR) system in 2019 and its association with Tata Steel, PGTI has become a de facto springboard for talented Indian golfers to join the bigger international tours.

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