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    500470   INE081A01012

TATA STEEL LIMITED

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Tata Steel : initiates a ‘first-of-its-kind in the world' trial for continuous injection of Coal Bed Methane (CBM) in Blast Furnace to reduce emissions

01/21/2022 | 10:23am EDT

Jamshedpur, January 21, 2022

~ This process, part of the larger effort to enable hydrogen-based steel making, is yet another step towards achieving the Company's vision of net zero emissions ~

As part of its continuous efforts to move toward sustainable steel production, Tata Steel has initiated the trial for continuous injection of coal bed methane (CBM) gas in one of the Blast Furnaces (E Blast Furnace) at its Jamshedpur Works, making it the first such instance in the world where a steel company has used CBM as injectant.

This process is expected to reduce coke rate by 10 kg/thm, which will be equivalent to reducing 33 kg of CO2 per tonne of crude steel. The trial will take place over the next few weeks. The technology, design, and development of the entire system at E Blast Furnace for facilitating CBM injection has been done by the in-house team of Tata Steel.

Debashish Bhattacharjee, Vice President, Technology & New Materials Business, Tata Steel, said: "The conversations around climate change have gained unprecedented momentum in the recent years. Given this imperative, the steel industry, also considered hard to abate, too will need to urgently explore sustainable options to mitigate its environment footprint. At Tata Steel, we are on a journey to decarbonise and this initiative is yet another step towards this objective. We will continue to innovate and make investments to transition towards sustainable manufacturing."

Uttam Singh, Vice President, Iron making, Tata Steel, said: "Technologies to decarbonise steel at scale are not ready yet. Tata Steel has undertaken various technology initiatives including pilots and trials to explore new and scalable solutions for decarbonisation. This initiative of CBM injection in blast furnace will provide us with useful insights into Blast Furnace operation with hydrogen based injectants and help reduce emissions. We are on a mission to bring down the CO2 emissions to 1.8 tonne of CO2 per tonne of crude steel by 2030."

This trial will help in quantification of the reduction in coke rate used in the blast furnace, its impact on productivity and will provide useful insights regarding operation of blast furnaces with hydrogen-based injectants. These insights will be used to design a framework for future sustainable operations of blast furnaces with greener fuels containing more hydrogen.

CBM primarily contains 98% of methane along with trace amounts of other gases, extracted from underground coal reservoirs. India is blessed with abundant resources of CBM with the eastern region of the country being the major source. This provides a promising opportunity logistically and economically to leverage the use of CBM for injection purposes.

Tata Steel is continuously investing in breakthrough technologies to achieve the highest environmental performance standards through process improvements, efficient raw materials & resource management, higher utilisation of by-products, lifecycle assessments of products and more. Spearheading the cause of sustainability, the Company commissioned India's first Steel Recycling Plant in Haryana, commenced using Electric Vehicles for transporting of finished steel, and set-up India's first plant for CO2 capture from Blast Furnace gas at Jamshedpur.

About Tata Steel

Tata Steel group is among the top global steel companies with an annual crude steel capacity of 34 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 21 January 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 21 January 2022 15:22:01 UTC.


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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 17 648 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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