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    500470   INE081A01012

TATA STEEL LIMITED

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Tata Steel : certified ‘Great Place to Work' for the fifth consecutive time

12/30/2021 | 08:17am EDT

Mumbai, December 30, 2021

~ The 'Great Place To Work' certification is a step towards building High Trust, High Performance Culture organisation ~

Tata Steel has been certified as a Great Place to Work organisation in India for the fifth time by Great Place to Work® Institute. The annual certification from the Great Place to Work® Institute recognises Tata Steel's efforts towards building an organisation of High-Trust and High-Performance Culture.

Over the years, Tata Steel has introduced several path-breaking policies, practices, and initiatives for various segments of the workforce. The Company has been constantly innovating and pioneering people practices in the realms of hiring, engagement, diversity & inclusion, rewards & recognition, employee relations, social security, and career & development. This year, Tata Steel successfully onboarded 14 transgenders in core mining operations & 38 women Heavy Earth Moving machinery operators in a pathbreaking initiative. The Company has been pioneering worker welfare schemes and community initiatives even during the pandemic and introduced the Agile Working Model in 2020. Earlier this year, Tata Steel has been named as one of 'India's Best Employers Among Nation-Builders', by Great Place to Work® India in a special category introduced in 2021, as a part of a national study.

Atrayee Sanyal, Vice President, Human Resource Management, Tata Steel, said: "We are honoured to be certified as a "Great Place to Work" for the fifth time. We have always believed in building and nurturing an organisation that is driven by a high standard of performance. When it comes to workforce management, we've always tried to pave the way and set new standards with our pioneering initiatives. Reviving from the effects of the pandemic, the Great Place To Work™ certification is a testament to our efforts of building a high trust, high performance and highly engaged workforce. The increase in the trust index score reflects the faith of our people in the organisation. We will continue to reinforce our commitment to foster an inclusive work culture, that encourages learning & development and motivates employees to deliver to the best of their abilities towards the organisational goals."

Over the last 114+ years, Tata Steel has emerged as one of the most employee-friendly companies in the world and is known for creating industry standards in the field of human resources. The Company has been a pioneer in employee welfare schemes and community initiatives, even before the legislation mandated them. A few of these include the 8-hour workday, Leave with Pay, Workers' Provident Fund Scheme, all of which were adopted by the International Labour Organisation and enacted by the Law in India. Tata Steel's people first approach continues to translate to pioneering initiatives and milestones such as 100+ years of industrial harmony, 5-day work week, gender neutral leaves, menstrual leave, benchmark social security schemes, equal benefits for LGBT+ and more.

Every year, more than 10,000 organisations from over 60 countries partner with Great Place to Work® Institute for assessment, benchmarking, and planning actions to strengthen their workplace culture. Great Place to Work® Institute's methodology is recognised as a rigorous and objective work culture assessment process. It is considered the gold standard in identifying and recognising great workplace cultures.

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 30 December 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 30 December 2021 13:16:03 UTC.


© Publicnow 2021
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Sales 2022 2 290 B 29 555 M 29 555 M
Net income 2022 385 B 4 964 M 4 964 M
Net Debt 2022 609 B 7 865 M 7 865 M
P/E ratio 2022 3,60x
Yield 2022 2,13%
Capitalization 1 372 B 17 705 M 17 705 M
EV / Sales 2022 0,87x
EV / Sales 2023 0,81x
Nbr of Employees 65 000
Free-Float 64,3%
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