Kolkata, February 25, 2022

~First in Indian steel sector to transport products by inland waterways~

~ Ships approximately 1,800 tons of finished products from Haldia to Pandu port ~

~ A major step towards the decarbonization of logistics thanks to multimodal transport ~

Tata Steel has reiterated its commitment to building a sustainable future by successfully shipping nearly 1,800 tonnes of finished steel products from Haldia Port in West Bengal to Pandu Port in Assam using the Indo-Bangaldesh Protocol (IBP) route. via the Brahmaputra River. This shipment of Tata Steel TMT bars arriving in Haldia by rail before being loaded onto river barges marks the start of the use of multimodal logistics, a historic effort to decarbonise the steel sector and the country.

Earlier last week, Honorable Union Minister for Ports, Shipping and Inland Waterways, Sarbananda Sonowal flagged barge “Kalpana Chawla” carrying finished products from Tata Steel in the presence of Honorable Shantanu Thakur Minister of State for Ports, Shipping and Waterways, Dr Sanjeev Ranjan, Secretary, Ministry of Ports, Shipping and Waterways, Vinit Kumar, Chairman, SPM Port Trust, Peeyush Gupta, Channel Vice Chairman Procurement, Tata Steel and Chairman TMILL, Ranjan Sinha, Head of Shipping Group, Tata Steel, Dinesh Shastri, MD, TMILL and other officials.

Sarbananda Sonowal, Hon’ble Union Minister for Ports, Shipping and Waterwaysand AYUSH, said this maiden voyage showcases the multimodal movement of goods as well as harnessing the power of the river-sea combination for transportation. The minister urged other stakeholders to pull in the same direction and commit to making it a great national success.

Peeyush Gupta, Vice President of Supply Chain, Tata Steel, noted: “The Indo Bangladesh protocol route will help us better serve the growing northeast market. This route can also be explored to serve other locations along the way on this waterway to deliver steel to smaller and better batches for the benefit of customers in the northeast. The initiative paves the way for a seamless and robust integrated logistics solution towards the use of inland waterways for India and Bangladesh.”

The IBP route will also help Tata Steel reduce its scope 3 carbon footprint. In July 2021, the company was also the first to use electric vehicles to move finished goods to its selected locations.

The barge is operated by Oceanwhale Shipping Services while cargo handling at the ports is carried out by TM International Logistics Limited, a logistics joint venture between Tata Steel, NYK Japan and IQ Martrade, Germany. The barge took the Indo Bangla Protocol Route No. 1 and 2 and entered the Brahmaputra River via Chilmari (in Bangladesh) and Dhubri in Assam for 1,535 km.

About Tata Steel

The Tata Steel Group is among the world’s leading steel companies with an annual crude steel capacity of 34 million tonnes per year. It is one of the most geographically diverse steel producers in the world, with operations and a commercial presence around the world. The group recorded consolidated revenue of US$21.06 billion in the fiscal year ended March 31, 2021.

A certified workplace^MT organization, Tata Steel Ltd., together with its subsidiaries, associates and joint ventures, is spread across five continents and has more than 65,000 employees. Tata Steel has been part of the DJSI Emerging Markets Index since 2012 and has been consistently ranked among the top 10 steel companies in the DJSI Corporate Sustainability Assessment since 2016. In addition to being a member of ResponsibleSteel^MT and worldsteel’s climate action program, Tata Steel has won several awards and accolades, including the World Economic Forum’s Global Lighthouse recognition for its plants in Jamshedpur, Kalinganagar and IJmuiden, and the Prime Minister’s Trophy for the integrated steelworks the stronger for 2016-17. The company, ranked as India’s Most Valuable Metals and Mining Brand by Brand Finance, was among CII’s Top 25 Innovative Indian Companies in 2021, received Sustainability Champion Recognition from the steel from worldsteel for four consecutive years, Ethisphere Institute’s ‘Most Ethical Company’ 2021 award, RIMS India ERM Award of Distinction 2021 and Award for Excellence in Financial Reporting FY20 from ICAI, among others.

To learn more, visit www.tatasteel.comand WeAlsoDoTomorrow

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Warning:

Statements in this press release describing the performance of the Company 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 operations of the Company include, among others, economic conditions affecting demand/supply and pricing conditions in the domestic and overseas markets in which the Company operates, changes in or due to the environment, government regulations, laws, statutes, court orders and/or other incidental factors.

For media inquiries, contact:

Sarvesh Kumar

Head, Corporate Communications – Tata Steel

E-mail: [email protected]