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Tata Steel Ltd.

BSE: 500470 Sector: Metals & Mining
NSE: TATASTEEL ISIN Code: INE081A01012
BSE 00:00 | 24 Apr 2020 Tata Steel Ltd
NSE 05:30 | 01 Jan 1970 Tata Steel Ltd

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OPEN 266.40
PREVIOUS CLOSE 270.35
VOLUME 639828
52-Week high 560.35
52-Week low 250.90
P/E 3.19
Mkt Cap.(Rs cr) 30,171
Buy Price 267.80
Buy Qty 136.00
Sell Price 268.95
Sell Qty 300.00
OPEN 266.40
CLOSE 270.35
VOLUME 639828
52-Week high 560.35
52-Week low 250.90
P/E 3.19
Mkt Cap.(Rs cr) 30,171
Buy Price 267.80
Buy Qty 136.00
Sell Price 268.95
Sell Qty 300.00

Tata Steel Ltd. (TATASTEEL) - Chairman Speech


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Company chairman speech

Well positioned to capitalise on opportunities

Dear Stakeholders

It is a privilege to write to you as the Chairman of the Board of Tata Steel. FinancialYear 2018-19 was a good year for your Company wherein your Company executed well on itsstrategic roadmap and delivered a strong financial performance. Last year in mycommunication to you I_shared with you the Company's strategy to leverage the growthpotential of the Indian economy by pursuing both organic and inorganic growthopportunities. I am happy to share with you that your Company has made significantprogress in this regard. Your Company undertook the following tangible steps to strengthenand expand the India operations.

Financial Year 2018-19 was a good year for your Company wherein your Company executedwell on its strategic roadmap and delivered a strong financial performance.

Your Company successfully completed the acquisition of Bhushan Steel (now named TataSteel BSL) under the Insolvency and Bankruptcy Code process. This_was an importantstrategic acquisition. The_integration is proceeding well with identified synergies androll-out of the performance improvement plan. The_Board has given the approval for theamalgamation of Tata Steel BSL with your Company and the process is currently underway.This would further help in realising synergies and create a uni_ed and simpleorganisation. In addition to Tata Steel BSL your Company also acquired the steel businessof Usha Martin Limited through its subsidiary company Tata Sponge Iron Limited.This_acquisition has strategically enhanced the value-added long product portfolio of yourCompany and expanded its presence in the premium and niche segment for automotivecustomers.

Your Company continues to grow its India capacity through brownfield expansion of theKalinganagar facilities.

In Europe your Company's operations continued to face challenges. The production waslower due to operational issues at both sites in the UK and IJmuiden.

On a consolidated basis your Company achieved the highest ever levels of revenues andEBITDA this year. I am happy to report that the Company has generated positive free cashflows of _8839 crore this year for the first time in over a decade. As you are awareyour Company had proposed to form a joint venture with thyssenkrupp to combine the steelbusinesses in Europe as a part of the effort to build a sustainable business in Europe.Unfortunately this proposal has not met with the approval of the European Commission andyour Company has decided not to continue on this path. Your Company's overall situation ismuch better now. Your Company's India capacity and contribution has expandedsignificantly. The plant in the UK contributes to 11% of your Company's total capacity andthe plant at IJmuiden contributes to 22% of your Company's capacity. Your Company is onthe path to drive operational improvement and positive cash flows. Steel is a strategicmaterial for growth and development of nations and has a multiplier impact on the economyand society. India has the unique advantage of a young and aspirational population andhigh economic growth which would drive sustained demand for industries such as steel.India also has a large natural resource base and skilled manpower to be one of the mostcompetitive manufacturers of steel globally. While the short-term global macroeconomic andgeopolitical situation may continue to throw some challenges the future holds manyopportunities for your Company. Your_Company is well positioned to capitalise on theopportunities and deliver strong growth.

I would like to thank all the shareholders for their faith in and support to theCompany. I would also like to thank all other stakeholders including the employeesunions customers government and suppliers for their continued support.

Warm regards

N. Chandrasekaran

Chairman of the Board


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