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    500470   INE081A01012

TATA STEEL LIMITED

(500470)
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Tata Steel bags the 'Gold' employer title in India Workplace Equality Index (IWEI) 2021

11/26/2021 | 07:41am EST

Tata Steel has been recognised as a 'Gold' employer at IWEI's (India Workplace Equality Index) Top Employers 2021 for leading the way in LGBT+ inclusion. The 'Gold' standard signify that employers have successfully embedded LGBT+ inclusion in their policies, hiring practices, external communication, demonstrating a long-term and in-depth commitment towards LGBT+ inclusion.

Atrayee Sanyal, Vice President HRM, Tata Steel, said: 'We are humbled to receive this recognition and acknowledge the contribution of every stakeholder in this journey. Tata Steel has always invested in pioneering initiatives to create a Diverse and an Inclusive culture. We have a target of 25% diversity by 2025 and we are actively taking steps towards enabling an inclusive environment for our LGBT+ employees like equal benefits for LGBT+ partners, health care and gender transition support for transgender employees, gender neutral parental leaves etc. In the near future, Tata Steel will proactively work towards bringing in more talent from the LGBT+ community and co-create the way forward. While crafting the policies, we have closely worked with the community and all stakeholders. We are constantly evaluating all our processes, policies, digital, physical and legal infrastructure with a close lens to ingrain inclusion at every step.'

IWEI is India's first comprehensive benchmarking tool for employers to measure their progress on lesbian, gay, bi, and trans (LGBT+) inclusion in the workplace. The index measures nine areas: policies and benefits, employee lifecycle, employee network group, allies and role models, senior leadership, monitoring, procurement, community engagement and additional work.

This is the second annual IWEI Top Employers list, featuring 72 organisations. A total of 26 firms have been recognised in the gold category, 18 in the silver category and 13 in the bronze category.

Tata Steel has worked consciously in overcoming barriers and has demonstrated its commitment in creating an equal and inclusive workplace for the LGBT+ workforce through pioneering initiatives such as equal benefits for LGBT+ partners which goes beyond just coverage for medical benefits and includes benefits like joint house points, honeymoon package, health care and gender transition support for LGBT+ employees, gender neutral parental leaves, structured interventions for actively scouting opportunities for LGBT+ talent such as recruitment drive for transgender trainees at West Bokaro, participation in RISE - Asia's largest LGBT+ job fair, interventions for beating the bias and breaking gender stereotypes for employees and vendor partners, Wings - Company's employee resource group, introduction of Indradhanush - the online safe space for LGBT+ workforce and allies to connect and more.

Tata Steel has actively taken steps to engage with the LGBT+ community at the grassroot level through its CSR interventions like drives to enable them to have identities of their own through photo ID drive, extending relief to the community during the lockdown to ensure their wellbeing under the initiative #ThoughtforFood.

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.

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.

Contact:

Media

Sarvesh Kumar

Chief

Corporate Communications

Tata Steel

E-mail: sarvesh.kumar@tatasteel.com

(C) 2021 Electronic News Publishing, source ENP Newswire

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Sales 2022 2 212 B 29 773 M 29 773 M
Net income 2022 370 B 4 976 M 4 976 M
Net Debt 2022 550 B 7 407 M 7 407 M
P/E ratio 2022 4,01x
Yield 2022 1,80%
Capitalization 1 482 B 19 998 M 19 945 M
EV / Sales 2022 0,92x
EV / Sales 2023 0,93x
Nbr of Employees 65 000
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Number of Analysts 29
Last Close Price 1 213,35 INR
Average target price 1 693,10 INR
Spread / Average Target 39,5%
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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
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