WELCOME YOU ALL

A Century Of TrustThe origins and ascent of Tata Steel, which has

culminated into the century long history of an industrial empire, emerge from the illustrious efforts of India's

original iron man and the remarkable people who thereafter, have kept the fire burning.

Going Global

Tata Chem - IMACID

Tata Tea - Tetley

Tata Steel – NatSteel

Tata Motors – Daewoo HV

Tata Tech - INCATTata Chem – Brunner Mond

Tata Motors – Hispano CarroceraTata Tea- Good Earth

IHCL - The Pierre

TCS - Comicrom

Tata Tech - Cedis

TACO – Wundsch Weidinger

Tata Interactive – Tertia Edusoft

Tata Steel – Millennium Steel

IHCL – Blue

TCS- Financial Network Services

Tata Steel – AMCI

Green FieldsGreen Fields

VSNL - Teleglobe

Zambia: Bus body building plant: Tata Zambia Zambia: Bus body building plant: Tata Zambia

South Africa: Ferro Chrome Plant: Tata SteelSecond National Operator: VSNL

South Africa: Ferro Chrome Plant: Tata SteelSecond National Operator: VSNL

Uganda: Coffeeplant: Tata Coffee

Uganda: Coffeeplant: Tata Coffee

Bangladesh: Steel Plant; Tata SteelFertiliser Plant: Tata ChemicalPower: Tata Power

Bangladesh: Steel Plant; Tata SteelFertiliser Plant: Tata ChemicalPower: Tata Power

2000-05 2005-062005-06

VSNL - Tyco Global Network

Brief Details Of Steel Sector In India

Presently India is the fifth largest steel-producing nation in the world with production of over 54 million tonne (MT).

It has a very low per capita consumption of steel around 46 kg as against an average of 198 kg of the worlds per capita consumption.

Being a core sector, steel industry tracks the overall economic growth in the long term. But steel demand also being derived from some other industrial sectors like automobiles, consumer durables and infrastructure.

The Indian steel sector enjoys advantages of domestic availability of raw materials and cheap labor. Iron ore is also available in abundant quantities. This provides major cost advantage to the domestic steel industry.

Continue……

Indian steel companies have to bear additional costs pertaining to capital equipment, power and inefficiencies (low per employee productivity). This has resulted in the erosion of the edge they would have otherwise enjoyed due to availability of cheap labor and raw materials.

The government reinstated basic customs duty on steel imports in order to protect India from dumping of cheap steel products. It has also provided series of benefits to auto, housing and real estate sector in order to counter the slowdown in the economy.

Overview Of Tata Steel

1907: Tata Iron and steel company was formed in MumbaiPlant was settled at Vill: sakchi (Presently known as Jamshedpur)

Key People: Ratan Tata (Chairman) B. Muthuraman (Vice-chairman) H.M. Nerukar (Managing Director)

Major Production:• Hot and cold rolled coils and sheets• Wire and rods• Construction bars• Pipes• Structural and forging quality steel

Adress Line:

Tata Steel LimitedBombay House,24, Homi Mody Street, Fort,Mumbai 400 001.Phone : (022) 6665 8282Fax : (022) 6665 7724/6665 7725E-mail : cosec@tatasteel.comWebsite : www.tatasteel.com

Vision & Mission Statement

VISION:

We aspire to be the global steel industry benchmark for Value Creation and

Corporate Citizenship

MISSION:

Consistent with the vision and values of the founder Jamsedji Tata, Tata Steel strives to strengthen India’s industrial base through

the effective utilization of staff and materials. The means envisaged to achieve this are high technology and productivity,

consistent with modern management practices.

Major Plant Location (In India)

Company’s Steel Works and Tubes Division .. ….…..….Jamshedpur (Jharkhand)

Bearings Division ……………………..……………… Kharagpur (West Bengal)

Ferro Manganese Plant ..................................................................... Joda (Orissa)

Charge Chrome Plant ………….…………………………….. Bamnipal (Orissa)

Cold Rolling Complex ……………………..……….…... Tarapur (Maharashtra)

Mines, Collieries & Quarries ……..…States of Jharkhand, Orissa and Karnataka

Wire Division ………..…………………………………………………. Borivli Tarapur (Maharashtra) Bangalore (Karnataka)

Agrico Plant …………………………………………. Indore (Madhya Pradesh)

Project And Operation: International

The Tata Steel Group’s growth and globalization strategy is driven by its business expansion while maintaining profitability and mitigating risks. The Tata Steel Group over the years has focused on enhancing raw material security and announced major joint ventures in various parts of the globe.

Operation In Other Countries Are……•Singapore • Thailand• Vietnam• Oman• Ivory Coast

• Mozambique

• South Africa• Australia• Canada• United Kingdom• The Netherland

Facts About Tata Steel

This is the 10th largest steel company

2nd most geographically diversified steel producer

A balanced global presence in over 50 markets

Manufacturing operations in 26 countries

One of the world’s lowest cost producer

A share holder base of over 800,000 people

An employee strength over 81,000 across 5 continents

TATA JINDAL ESSAR SAIL

Sales 24315.77 14001.25 11688.3 43150.08

Profit after tax 5201.74 4498.95 1859.1 20797.31

25007500

1250017500225002750032500375004250047500

Comparison

Rs.

in C

rore

Major Competitors Of Tata Steel: Domestic

Managerial Discussion By Tata Steel Executives

How has the global economic crisis affected the Steel Industry

in the last 12 months?

How did the Indian and South East Asian operations perform

during this year?

What are your views on the steel market in India?

How have the raw material projects progressed during the

year?

32%

4%

0%0

%22%

16%

3%

21%

1%

Indian PromoterMutual funds/UTIFinancial institutions/BanksCentral Govt./State Govt.Insurance companyFIIBodies corporateIndividualsShare held by custodian

Share Holding Pattern

"Every Company has a special continuing responsibility towards the people of the area in which it is located. The Company should spare its doctors, managers to advice the people of the village and supervise near development undertaken by co-operative effort between them and the company" - Mr. J.R.D. Tata

Corporate Social Responsibility

Awards

Replete with leadership capabilities in economic, social and environmental sustenance, the Tata Steel Group proudly upholds the heritage of returning to society what it earns.  Its long journey of excellence has been recognized worldwide and rewarded by renowned institutions and agencies.

Some Key Awards…..

The Golden Peacock Global Corporate Social Responsibility Award for its continual commitment to ethical behavior and its contribution to economic development while improving the life of the community.

The Economic Times Company of the Year Award for making a fundamental difference to the way business is done.

The Best Establishment Award by the President of India, Mrs. Pratibha Devi Singh Patil.

The Think Odisha Leadership Award for 100 years of service to the nation.

National Safety Awards to the West Bokaro and Jharia divisions.

Corus’ Scunthorpe site was recognised by the North Lincolnshire Health and Safety Group as one of the most improved companies for accident prevention within the group in March 2009.

NatSteel Holdings bagged the Platinum Singapore HEALTH (Helping Employees Attain Life Time Health) Award in November 2008.

Product Portfolio Of Tata Steel

Big Brands

Where The Products Are Used

• AUTOMOTIVE• AEROSPACE• CONSUMER GOODS• MATERIAL HANDLING• ENERGY AND POWER• RAIL• ENGINEERING• AGRICULTURAL TOOLS AND EQUIPMENT•SHIP BUILDING• SECURITY AND DEFENCE

Steel Production Process

Tata Steel has over the years, undertaken extensive research in making the process of steelmaking more energy efficient, economically viable and environmentally sustainable. Given is a virtual representation of the steps involved in the Company’s steelmaking process.

www.tatasteel.com→ product & process→ steel making process

Stock Exchange Information

STOCK EXCHANGE SYMBOL ISIN

BOMBAY STOCK EXCHANGE (BSE)

500470 (Demat form) INE081A01012

NATIONAL STOCK EXCHANGE (NSE)

TATA STEEL INE081A01012

OTHER ISIN FOR GDRs, FCCBs, CARs..

STOCK EXCHANGES SECURITY ISIN

Luxembourg Stock Exchange GDRs US87656Y1091

London Stock Exchange GDRs US87656Y4061

Singapore Exchange CARs XS0315783026

Singapore Exchange FCCBs XS0466930780

Stock Performance In Last Six Months

1/4/

2010

15/0

4/10

3/5/

2010

17/0

5/10

1/6/

2010

15/0

6/10

1/7/

2010

15/0

7/10

2/8/

2010

16/0

8/10

1/9/

2010

15/0

9/10

1/10

/201

0

15/1

0/10

0

100

200

300

400

500

600

700

800

TATA STEEL(NSE)

TATA STEEL(NSE)

1/4/

2010

15/0

4/10

3/5/

2010

17/0

5/10

1/6/

2010

15/0

6/10

1/7/

2010

15/0

7/10

2/8/

2010

16/0

8/10

1/9/

2010

15/0

9/10

1/10

/201

0

15/1

0/10

0

1000

2000

3000

4000

5000

6000

7000

CNX NIFTY

CNX NIFTY

CREDIT RATING

OUTLOOK STABLE

Long-term Credit Rating (Foreign Currency) BB-

Long-term Credit Rating (Local Currency) BB-

STANDARD &POOR’S

Outlook (long-term rating) NEGATIVE

Long-term Corporate Credit Rating (Foreign Currency) BB+

Long-term Corporate Credit Rating (Domestic Currency) AA

Short-term Corporate Credit Rating (Domestic Currency) F1+

FITCH

Bankers Of Tata Steel

State Bank of India……………………………………Rs 3500.00

Axis Bank……………………......................................Rs 1000.00

HDFC Bank……………………………………………Rs 650.00

IDFC……………………………………………………Rs 199.00

Deutsche Bank………………………………………….Rs 300.00

Canara Bank……………………………………………..Rs 22.56

Standard Charted Bank…………………………………Rs 205.00

* Data collected from Annual Report 2009-10( Rs in Crore)

Auditor’s Report

Auditor: Deloitte

•The Company has maintained proper records showing full particulars, including quantitative details and situation of the fixed assets.

•The Company has maintained proper records of its inventories and no material discrepancies were noticed on physical verification.

•During the course of our audit, we have not observed any major weakness in such internal control system.

•The Company has an adequate internal audit system commensurate with the size and the nature of its business.

•The Company has not defaulted in the repayment of dues to banks, financial institutions and debenture holders.

•The Management has disclosed the end use of money raised by public issues.

•No fraud by the Company and no material fraud on the Company has been noticed or reported during the year.

Financial Indicators

31.3.2008 31.3.2009 31.3.2010

Inventory Turnover Ratio 8.69047619047619 8.48837209302326 7.93478260869565

7.50

7.70

7.90

8.10

8.30

8.50

8.70

Inventory Turnover Ratio

DA

YS

31.3.2008 31.3.2009 31.3.2010

Debtors Turnover Ratio 33.1818181818182 40.5555555555556 45.625

2.50

7.50

12.50

17.50

22.50

27.50

32.50

37.50

42.50

47.50

Debtors Turnover Ratio

DA

YS

31.3.2008 31.3.2009 31.3.2010

Cash Turnover Ratio 8.62014836196989 23.8762334073731 47.1769660114827

2.50

7.50

12.50

17.50

22.50

27.50

32.50

37.50

42.50

47.50

Cash Turnover RatioD

AY

S

Working Capital Management

2004-05 2005-06 2006-07 2007-08 2008-09

-2000

0

2000

4000

6000

8000

10000

12000

TOTAL CURRENT ASSETS ( A )

TOTAL CURRENT LIABILITY & PROVISIONS ( B )

NET WORKING CAPITAL ( A-B )

Trend Of Current Assets, Current Liability And Net Working Capital

Contingent Liabilities

Guarantees The Company has given guarantees aggregating Rs. 622.37 crores (31.03.2009 :

Rs. 930.97 crores) to banks and financial institutions on behalf of others. As at 31st March, 2010 the contingent liabilities under these guarantees amounted to Rs. 622.37crores (31.03.2009 : Rs. 930.97 crores).

• Uncalled liability on partly paid shares and debentures Rs. 0.01 crore (31.03.2009

: Rs. 0.01 crore).

• Bills discounted Rs. 332.03 crores (31.03.2009 : Rs. 497.90 crores).

• The Company was given by Tata Sons an option to sell 52,46,590 equity shares

in TTSL (Tata Teleservice Ltd.) to the SP (Strategic Partner-Inc. of Japan, as part

of a secondary sale of 25,31,63,941 equity shares effected along with a primary

issue of 84,38,79,801 shares by TTSL to the SP. In 2008-09, the company

realized Rs. 60.91 crores on sale of these shares resulting in a profit of Rs. 49.77

crores.

Continue……

Shareholder/Investor Complaints:

• Complaints pending as on 1st April, 2009 : 6

• During the period 1st April, 2009 to 31st March, 2010, complaints identified and reported under Clause 41 of the Listing Agreements : 1492

• Complaints disposed off during the year ended 31st March, 2010 : 1492

• Complaints unresolved to the satisfaction of shareholders as on 31st March, 2010 : 6

• No. of pending share transfers of Ordinary Shares as on 31st March, 2010 : 160*

* Transfers lodged in the last two weeks of March 2010 and hence pending as on 31st March, 2010.

ANNUAL GENERAL MEETING

Directors report

Growth Agenda

1. Domestic Leadership

2. Globally Competitive

3. Internationalisation

4. Expand Addressable Market

Powering Steel Growth

Total Planned Capacity Addition (Thermal +Hydro+Nuclear)

2002-07 41,100 MW(Likely to be achieved – 34000 MW)

2007-12 67,000 MW(inclusive of Non Conventional Sources of Energy)

STRATEGY

Demand Side – Strengthening of delivery chain – Interface between producers, designers of steel intensive

products, fabricators and ultimate user– Creating awareness about cost-effective and technically

efficient end-use of steel

Supply side– Enhanced and easy access to critical inputs – iron ore &

coking coal– Expansion and improvement in quality of infrastructure – Well developed financial market – Increased focus on R&D, training of manpower and

integrated information services

Strategies For Fuelling Demand

• Facilitate Rural Consumption• Increased usage in Bridges, Crash Barriers,

Flyovers and Building Constructions• Closer interaction between INSDAG / Large

Producers and Architects/ Engineers/ Students

Huge potential upside in Per Capita Consumption

Focus on Infrastructure

Planned additional 75 MTPA of steel implies 300MT of additional traffic.

Railways :– Participation by Steel Industry in the creation of

railway infrastructure.

Roads: – Road network to be expanded; national highway

development

Ports:– Steel producers would be encouraged to develop port

and berth facilities.

Future of Indian Steel Industry

You ain’t seen nothing yet !

Projected per Capita consumption of Finished Steel in India (kg)

Year Per Capita Steel Consumption

2011-12 48

2019-20 80

2024-25 110

2029-30 135

2034-35 175

India’s current population is - 1050 millionIt is assumed that till 2051, population would be about : 1.4 bn.

Optimistic Case

Medium Growth

Conservative

Fin. Steel Cons.Growth Rate

Consum-ption(mTpa)

Fin. Steel Cons. Growth Rate

Consum-ption (mTpa)

Fin. Steel Cons. GrowthRate

Consum-ption (mTpa)

2005-2020

7.6% 100 6.9% 90 * 5.5% 76

2020-2030

6.5% 188 5.5% 147 4.5% 118

2030-2040

5.0% 305 4.0% 217 3% 158

2040-2050

5.0% 498 4.0% 322 3% 212

GROWTH SCENARIOS

* - Also projected by National Steel Policy

• IDP is a fact sheet about the individual.

• Is prepared by the manager of the employee.

• Is endorsed by the Function/SBU Head and finally signed off by the CEO of the company.

Work & Career Details

Performance Data

Personal Details: Age, Education

Tata WorkLevel & MCPA Assessment

Tata Leadership Practices Data

Development PlanIDP

Individual Development Profile

Tata Leadership Practices

Building Effective Teams

Withstanding Pressure

Interpersonal Effectiveness

People Development

Taking Ownership

Functional Excellence

Business Acumen

Dealing with Ambiguity

Strategic Capability

Managing Vision & Purpose

Innovation Management

Customer Focus

Timely Decision Making

Drive for Results

Leadership of PeopleLeadership of BusinessLeadership of Results

Talent Management Schedule

Annual Performance Review & Development need discussions with individual employees

Manager / EmployeeApr - Jun

Talent Review within Business Unit/Function

BU Leadership TeamJun - Jul

Presentation of Talent Review by BU / Functional Leaders to MD/CEO

BU Leadership Team & CEOJul - Aug

Talent Review at Company level

Identification of HPMs and their Development and Movement Plans

CEO & HR HeadAug

Group PPM discussions

Agree on Development & Movement plans

CEO & Head HR and GCC / Peer MD / Group HRSep – Feb

Implement Development & Movement plans•In Company•Cross Company / Group Level

CEO & HR HeadSep - Mar

Implement agreed cross company Movement plans & Group level Development programs

CEO & Head HR and Group HROct – Sep

1 2 3

45

6

7&8

How Does Development take place?

• 10 % Training Courses

• 20 % Interaction with People• Coaching, Mentoring, Experts, Colleagues

• 70 % Challenging Jobs

Tata Leadership Development Programme

TGSLS Level C+

TGELS Level D and C

TGYLS Level F and E

International Consortium Program

Functional Leadership Programs

Over 800 managers covered in last 5 years and over 65% are from HPM list

TATA Steel

SWOT Analysis

SWOT ANALYSIS OF TATA STEEL INDUSTRY

STRENGTHS•Abundant resources of iron ore

•Low cost and efficient labour force

•Strong managerial capability

•Strongly globalised industry and emerging global competitiveness

•Modern new plants & modernised old plants

•Strong DRI production base

•Regionally dispersed merchant rolling mills

WEAKNESSES•High cost of energy

•Higher duties and taxes

•Infrastructure

•Quality of coking coal

•Labour laws

•Dependence on imports for steel manufacturing equipments & technology

•Slow statutory clearances for development of mines

SWOT ANALYSIS OF TATA STEEL INDUSTRY

OPPORTUNITIES• Huge Infrastructure demand

• Rapid urbanisation

• Increasing demand for consumer durables

• Untapped rural demand

• Increasing interest of foreign steel producers in India

THREATS• Slow growth in infrastructure

development

• Market fluctuations and China’s export possibilities

• Global economic slow down

59

“We generate wealth for the people. What comes from the people must, to the extent possible, therefore get back to the people.” - Bharat Ratna, J R D Tata

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