Tata Steel Hosts Session on Challenges and Way Forward for Mining Industry

Bhubaneswar, March 11, 2024: Tata Steel’s Ferro Alloys and Minerals Division (FAMD) hosted a technical session on “Challenges and way forward for the Indian mining industry” for the Mining Engineers Association of India (MEAI), Bhubaneswar – Sukinda Chapter here at a city hotel. The event brought together industry leaders, experts, and professionals to foster dialogue and exchange insights crucial to the sectors growth.

Aimed at delving into challenges faced by the Indian mining industry and charting a path forward, the session highlighted the pressing issues impacting the mining landscape in the country. The participants engaged in thought-provoking discussions, sharing innovative solutions and strategies to navigate the complexities of the sector.

Chairing the session, S.N. Mathur, President, MEAI, expressed that MEAI has been committed to foster collaboration and find solutions for the challenges faced by the Indian mining industry. He added that the premier professional body representing mining engineers, geologists and allied professionals across the country aims to propel the Indian mining industry forward towards a sustainable and prosperous future.

Attending the session, Pankaj Satija, Chairman (MEAI), Bhubaneswar – Sukinda Chapter and Executive-In-charge, FAMD, Tata Steel, said, “MEAI is committed to improve mine safety by sharing best practices, promoting ethical practices, and contributing to the socio-economic development of the region. It remains dedicated to enhancing the knowledge and expertise of mining professionals and promote the responsible development of the mining industry.”

The event was graced by office bearers of the Chapter like Sudhanshu Patni, Vice Chairman, Shambhu Nath Jha, Secretary, R.S. Raghuwanshi, joint secretary-cum-treasurer, eminent mining engineers like A.B. Panigrahy, R.N. Praharaj, M Muthukumari, Sivaram, Amit Dubey, Devraj Tiwari, Niladri Bhattacharjee and other leaders in the sector.

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 queries and information

Sarvesh Kumar,Chief Corporate Communications, Tata Steel, sarvesh.kumar@tatasteel.com

About Tata Steel

• Tata Steel group is among the top global steel companies with an annual crude steel capacity of 35 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$30.3 billion in the financial year ending March 31, 2023.
• A Great Place to Work-Certified^TM organisation, Tata Steel Limited, together with its subsidiaries, associates, and joint ventures, is spread across five continents with an employee base of over 77,000.
• Tata Steel has announced its major sustainability objectives including Net Zero Carbon by 2045.
• The Company has been on a multi-year digital-enabled business transformation journey intending to be the leader in ‘Digital Steel making by 2025’. The Company has received the World Economic Forum’s Global Lighthouse recognition for its Jamshedpur, Kalinganagar and IJmuiden Plants.
• Tata Steel aspires to have 25% diverse workforce by 2025. The Company has been recognised with the World Economic Forum’s Global Diversity Equity & Inclusion Lighthouse 2023.
• The Company has been a part of the DJSI Emerging Markets Index since 2012 and has been consistently ranked amongst top 10 steel companies in the DJSI Corporate Sustainability Assessment since 2016.
• Tata Steel’s Jamshedpur Plant is India’s first site to receive ResponsibleSteel^TM Certification. Subsequently, its Kalinganagar and Meramandali plants have also received the certification. In India, Tata Steel now has more than 90% of its steel production from ResponsibleSteel^TM certified sites.
• Received Prime Minister’s Trophy for the best performing integrated steel plant for 2016-17, 2023 Steel Sustainability Champion recognition from worldsteel for six years in a row, 2022 ‘Supplier Engagement Leader’ recognition by CDP, Top performer in Iron and Steel sector in Dun & Bradstreet’s India’s top 500 companies 2022, Ranked as the 2023 most valuable Mining and Metals brand in India by Brand Finance, and ‘Most Ethical Company’ award 2021 from Ethisphere Institute.
• Received 2023 ERM (Enterprise Risk Management) Award of Distinction at the RIMS ERM Conference 2023, ‘Masters of Risk’ – Metals & Mining Sector recognition at The India Risk Management Awards for the seventh consecutive year, and Award for Excellence in Financial Reporting FY20 from ICAI, among several others.