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    500470   INE081A01012

TATA STEEL LIMITED

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Tata Steel : Noamundi Iron Mine accorded the Five Star rating for 3 consecutive years

11/25/2021 | 08:30am EST

New Delhi/Jamshedpur, November 23, 2021

The Noamundi Iron Mine (NIM) of Tata Steel has been accorded the 'Five Star rating' for sustainable development for three consecutive years i.e. 2017-18, 2018-19 and 2019-20. The award ceremony was organised today during the 5th National Conclave on Mines & Minerals in New Delhi.

D B Sundara Ramam, Vice President (Raw Materials), Tata Steel received the award on behalf of Tata Steel from Pralhad Joshi, the Union Minister for Coal, Mines and Parliamentary Affairs, Government of India.

Expressing happiness on receiving the award, D B Sundara Ramam said, "Sustainability is not new to Tata Steel. It is seeded in our principles and values. Sustainable mining demands the judicious use of technology at each stage of the mine's life. Our current focus is on digitalization and smart solutions aimed at creating sustainable future for our stakeholders. This award is a testimony to our sustainable mining practices and it further reinforces our commitment towards sustainable development."

Tata Steel`s operating philosophy is deep-rooted in its principles of zero harm, resource efficiency, circular economy, minimizing its ecological footprint, and care for the community and workforce. With sustainability as a cornerstone of its operations, the Noamundi Iron Mine has taken several initiatives in and around the region with respect to energy conservation and reducing carbon footprint including rainwater harvesting, plantation in and around Noamundi, setting up a 3 MW Solar Power Plant to reduce the carbon footprint and generate power in a sustainable manner, to name a few.

The Ministry of Mines had launched the scheme of 'Star Rating of Mines' for awarding the mining lease owners in 2016 for their efforts and initiatives for implementation of the Sustainable Development Framework (SDF). One to five Stars are awarded to mines based on the provisions stipulated, with the best performing leases being given Five Stars. The mining lease holders with Five Star rating for the last three years were felicitated in the conclave to encourage sustainable mining.

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. 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 5 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 2020, received rating of 'A-' (leadership band) from CDP for its Climate Change disclosure and Supply Chain disclosure, Steel Sustainability Champion 2020 recognition from worldsteel, 'Most Ethical Company' award 2021 from Ethisphere Institute, Best Risk Management Framework & Systems Award (2020) from CNBC TV-18, and Award for Excellence in Financial Reporting FY20 from ICAI, among several others.

To know more, visit www.tatasteel.comand WeAlsoMakeTomorrow

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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.

For media enquiries contact:

Sarvesh Kumar

Chief, Corporate Communications - Tata Steel

E-mail: sarvesh.kumar@tatasteel.com

Disclaimer

Tata Steel Ltd. published this content on 23 November 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 25 November 2021 13:29:02 UTC.


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