Tata Steel’s Noamundi Iron Mine celebrates 100 Years of Sustainable Mining

Noamundi, June 01, 2024

~ The Company’s brand value accounted for USD 2.9 billion showcasing a growth of 28% ~

Tata Steel has been ranked as the highest-valued brand in the Mining and Metals sector as per the Brand Finance Report 2024. The Company has strengthened its brand value and retained its position as the foremost brand among the 5 most valuable companies in the mining and metals sector. Tata Steel achieved a remarkable 28% increase in brand value, amounting to USD 2.9 billion, showcasing its commitment to excellence & resilience at all forefronts.

Tata Steel demonstrated agility amidst an uncertain geopolitical scenario maintaining a sharpened focus on risk management. The Company successfully navigated the volatility caused by sharp changes in underlying trading conditions and supply chain disruptions. Additionally, Tata Steel’s continuous developments in technology as well as sustainability across supply chains have fueled its brand growth.

The Mining & Metals sector has seen a robust growth of ~16% in India driven by increased infrastructure and manufacturing investment. Tata Steel’s recognition as the most valued brand in this sector is a testament to its dedication towards innovation, sustainability, and inclusivity presents the Company’s exceptional resilience amidst the evolving business landscapes.

According to the report, Tata Group continues to be the most valuable brand in India with a brand of USD 28.6 billion. At its core, the brand’s focus on sustainable, inclusive, and development-oriented strategies has driven its iconic status and growth

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.

For queries and information

Sarvesh Kumar,
Chief Corporate Communications, Tata Steel,
E-mail : sarvesh.kumar@tatasteel.com

About Tata Steel

Tata Steel group is among the top global steel companies with an annual crude steel capacity of 35 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 around US$27.7 billion in the financial year ending March 31, 2024.
A Great Place to Work-Certified^TMorganisation, Tata Steel Limited, together with its subsidiaries, associates, and joint ventures, is spread across five continents with an employee base of over 78,000.
Tata Steel has announced its major sustainability objectives including Net Zero Carbon by 2045.
The Company has been on a multi-year digital-enabled business transformation journey intending to be the leader in ‘Digital Steel making’. The Company has received the World Economic Forum’s Global Lighthouse recognition for its Jamshedpur, Kalinganagar, and IJmuiden Plants. Tata Steel has also been recognised with the ‘Digital Enterprise of India – Steel’ Award 2024 by Economic Times CIO
Tata Steel aspires to have a 20% diverse workforce by 2025. The Company has been recognised with the World Economic Forum’s Global Diversity Equity & Inclusion Lighthouse 2023.
The Company has been a part of the DJSI Emerging Markets Index since 2012 and has been consistently ranked among the top 10 steel companies in the DJSI Corporate Sustainability Assessment since 2016.
Tata Steel’s Jamshedpur Plant is India’s first site to receive ResponsibleSteel^TM Certification. Subsequently, its Kalinganagar and Meramandali plants have also received the certification. In India, Tata Steel now has more than 90% of its steel production from ResponsibleSteel^TM certified sites.
Received Prime Minister’s Trophy for the best performing integrated steel plant for 2016-17, 2024 Steel Sustainability Champion recognition from worldsteel for seven years in a row, 2023 Climate Change Leadership Award by CDP, Top performer in Iron and Steel sector in Dun & Bradstreet's India's top 500 companies 2022, Ranked as the 2023 most valuable Mining and Metals brand in India by Brand Finance, ‘Most Ethical Company’ award 2021 from Ethisphere Institute, and ‘Best Corporate for Promotion of Sports’ recognition at the Sportstar Aces Awards 2024.
Received the 2023 Global ERM (Enterprise Risk Management) Award of Distinction at the RIMS ERM Conference 2023, ‘Masters of Risk’ - Metals & Mining Sector recognition at The India Risk Management Awards for the eighth consecutive year, and ICSI Business Responsibility and Sustainability Award 2023 for its first Business Responsibility and Sustainability Report (BRSR), Excellence in Financial Reporting FY20 from ICAI, among several others.