Log in
E-mail
Password
Show password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON
  1. Homepage
  2. Equities
  3. India
  4. Bombay Stock Exchange
  5. Tata Steel Limited
  6. News
  7. Summary
    500470   INE081A01012

TATA STEEL LIMITED

(500470)
  Report
SummaryChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
SummaryMost relevantAll NewsAnalyst Reco.Other languagesPress ReleasesOfficial PublicationsSector newsMarketScreener Strategies

General Announcement::Appointment of Director

10/11/2021 | 01:22pm EST

October 11, 2021

Singapore Stock Exchange

Singapore

Dear Madam, Sir(s),

Re: Appointment of Director

This is to inform you that based on the recommendations of the Nomination and Remuneration Committee, the Board of Directors of Tata Steel Limited ('the Company') today, i.e. October 11, 2021, unanimously approved the appointment of Mr. David W. Crane (DIN: 0009354737) as Additional Director (Non-Executive, Independent) with effect from October 11, 2021, subject to shareholders' approval. Mr. David W. Crane has also been appointed as a member of the Audit Committee and Safety, Health and Environment Committee effective October 11, 2021.

There are no inter-se relations between Mr. David W. Crane and the other members of the Board. Further, Mr. David W. Crane is not debarred from holding the office of Director by virtue of any Order passed by the Securities and Exchange Board of India or any other such authority.

The details in respect of Mr. David W. Crane is enclosed herewith in Annexure A.

The above announcement is also being made available on the website of the Company www.tatasteel.com

This disclosure is being submitted pursuant to Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended.

This is for your information and records.

Yours faithfully,

Tata Steel Limited

Parvatheesam Kanchinadham

Company Secretary &

Chief Legal Officer (Corporate & Compliance)

Encl: As above

Registered Office Bombay House 24 Homi Mody Street Fort Mumbai 400 001 India

Tel 91 22 6665 8282 Fax 91 22 6665 7724 Website www.tatasteel.com

Corporate Identity Number L27100MH1907PLC000260

Annexure A

Details pertaining to appointment of Mr. David W. Crane as Additional Director (Non-Executive, Independent) of Tata Steel Limited are given below:

SN

Particulars

Details

1

Reason for change

Appointment

Date of appointment

Mr. David W. Crane is appointed as

Additional Director

2

(Non-Executive, Independent) effective

October 11, 2021

& term of appointment

subject to shareholders' approval.

David Crane is a prominent energy industry executive, both in the traditional and the clean energy sectors and a long-term climate advocate committed to leading the energy industry's transition to clean energy. Mr. Crane carries with him 13 years of aggregate experience as CEO of three publicly traded energy companies, International Power plc ("IPR"), NRG Energy, Inc. ("NRG"), and NRG Yield Inc. (now Clearway Energy Inc., or "Clearway Energy"), and over 30 years of experience in the energy sector.

During his 12-year tenure as CEO of NRG, Mr. Crane transformed the company into not only a Fortune 250 member, but also a purpose-driven enterprise committed to taking a leading role in the transition to a clean energy future. Specifically, Mr. Crane led the company through its evolution to become one of the nation's largest utility-scale renewables companies (Clearway Energy), a top-four home solar business (NRG Home Solar), the owner of the world's largest post-combustion carbon capture project (Petra Nova) and the

3 Brief Profilenation's most extensive level 3 electric vehicle charging network (EVgo). Additionally, NRG, under Mr. Crane's leadership, was a key member of the U.S. Climate Action Partnership.

Mr. Crane also has decades of experience leading and executing complex, industry-defining transactions. At NRG, he was responsible for the company's acquisitions of Texas Genco LLC for $5.8 billion in 2005, GenOn Energy, Inc. for $1.7 billion in 2012, Green Mountain Energy Company for $350 million in 2010 and Edison Mission Energy for $2.6 billion in 2014. Mr. Crane also led NRG's transition to retail with the approximately $300 million acquisition of Reliant Energy in 2009, which resulted in the broader sector's pivot towards an integrated generation and retail platform. On the clean energy front, Mr. Crane pioneered the renewable-driven YieldCo equity class with the initial public offering of NRG Yield in 2012.

STEEL LIMITED

Prior to NRG, Mr. Crane was the CEO of International Power

Plc, a UK-domiciledFTSE-100 company, an energy sector

banker at Lehman Brothers Holdings Inc. in New York City

and an attorney specialized in project finance and debt

restructuring at White & Case LLP in New York City and Hong

Kong.

Mr. Crane is a leading voice on climate change and the

energy sector's role in reducing greenhouse gas emissions,

having written extensively and spoken widely on the topic. He

also serves as a leader of "B Team," a select group of

business executives and society leaders convened to

demonstrate that corporate leadership can be harnessed to

solve global societal issues, and as a Board member of The

Climate Group and the Elemental Excelerator Inc., an

accelerator of clean tech start-ups.

Disclosure of

There are no inter-se relations between Mr. David W. Crane

4

relationships between

and the other members of the Board

directors

STEEL LIMITED

Disclaimer

Tata Steel Ltd. published this content on 12 October 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 11 October 2021 17:21:04 UTC.


© Publicnow 2021
All news about TATA STEEL LIMITED
11/30Indian Indices End on Negative Note on Tuesday; Tata Steel Slumps 4%
MT
11/30Indian shares fall on Omicron worries; metals, auto weigh
RE
11/26Tata Steel bags the 'Gold' employer title in India Workplace Equality Index (IWEI) 2021
AQ
11/25TATA STEEL : bags the ‘Gold' employer title in India Workplace Equality Index (IWEI)..
PU
11/25TATA STEEL : Noamundi Iron Mine accorded the Five Star rating for 3 consecutive years
PU
11/25TATA STEEL : commissions 8 MnTPA Crushing & Washing Plant at its Khondbond Iron & Manganes..
PU
11/24TATA STEEL : executes the inaugural blockchain enabled trade between India and Bangladesh
PU
11/18Baowu Leads Global Alliance to Cut Carbon Emissions in Steel Industry
MT
11/18Bosses of HSBC, Tata, Macquarie urge governments to do more for green transition
RE
11/18Top steel firm China Baowu unveils global alliance to cut emissions
RE
More news
Analyst Recommendations on TATA STEEL LIMITED
More recommendations
Financials
Sales 2022 2 193 B 29 149 M 29 149 M
Net income 2022 372 B 4 941 M 4 941 M
Net Debt 2022 554 B 7 365 M 7 365 M
P/E ratio 2022 3,69x
Yield 2022 1,97%
Capitalization 1 365 B 18 144 M 18 147 M
EV / Sales 2022 0,88x
EV / Sales 2023 0,89x
Nbr of Employees 65 000
Free-Float 63,9%
Chart TATA STEEL LIMITED
Duration : Period :
Tata Steel Limited Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends TATA STEEL LIMITED
Short TermMid-TermLong Term
TrendsBearishBearishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 29
Last Close Price 1 118,00 INR
Average target price 1 730,52 INR
Spread / Average Target 54,8%
EPS Revisions
Managers and Directors
Thachat Viswanath Narendran Chief Executive Officer, Executive Director & MD
Koushik Chatterjee Chief Financial Officer & Executive Director
Natarajan Chandrasekaran Chairman
Vinay V. Mahashabde Chief Research & Development, Technology Officer
Jayanta Banerjee Chief Information Officer
Sector and Competitors
1st jan.Capi. (M$)
TATA STEEL LIMITED73.72%18 142
NUCOR CORPORATION102.22%30 741
ARCELORMITTAL31.41%26 527
POSCO4.41%18 102
NIPPON STEEL CORPORATION35.09%14 114
STEEL DYNAMICS, INC.61.65%11 828