Notes on Vision 2007

Apart from the main steel division, Tata Steel's operations are grouped under the following strategic business units.

Bearings Divisions: Manufactures ball bearings, double row self-aligning bearings, clutch release bearings and tapped roller bearing for two wheelers, fans, water pumps, etc. Ferro Alloys and Minerals Division: Operates chrome mines and has unit for making ferro chrome and ferro manganese. It's one of the largest players in the global ferro chrome market.

Rings and Agrico Division: The ring plant manufactures forged and rolled rings for bearings and automotive components. Tata Agrico is the first organized manufacturer in India of hand tools and implements for application in agriculture.

Tata Growth Shop (TGS): Has designed, developed, manufactured, erected and commissioned thousands of tonnes of equipments ranging from overhead cranes to high precision components, including a rocket launch pad for the Indian Space and Research Organization.

Tubes Division: The biggest steel tube manufacturer with the largest market share in the country, it aspires to strengthen its market presence by expanding and modernizing its commercial and precision tube manufacturing capacity.

Wire Division: A pioneer in the manufacture of steel wires in India, it produces coated and uncoated wires, branded as Tata Wiron. The division also operates a wholly owned subsidiary in Sri Lanka.

Alcohol and Drugs Policy: Tata Steel believes that the loyalty and commitment of its employees depend upon the quality of life they are offered at work and at home. We recognize that indiscriminate use of alcohol and drugs is injurious to the well being of individuals, their families and the community as a whole. We acknowledge that the misuse of these psychoactive substances is a major health and safety hazard. Tata Steel is therefore committed to creating an alcohol and drug-free environment at the work place. This would be achieved through the involvement of all employees and the Joint Departmental Councils in spearheading appropriate initiatives. The initiatives would include : 1. 2. Raising awareness, through the dissemination of information, education and training and by promoting healthy life styles among our employees and their families. Motivating those employees who have an alcohol/drug problem, to seek assistance, while maintaining confidentiality about such cases.

October 1, 2001

Mr B Muthuraman

Managing Director

HIV(+) & AIDS Control Policy: Tata Steel would take measures to prevent the incidence and spread of HIV and AIDS in the society. In case of need, the company would arrange to provide counseling and medical guidance to these patients and their families. Mr B Muthuraman Managing Director

October 1, 2001

Corporate Social Responsibility Policy: Tata Steel believes that the primary purpose of a business is to improve the quality of life of people. Tata Steel will volunteer its resources, to the extent it can reasonably afford, to sustain and improve healthy and prosperous environment and to improve the quality of life of the people of the areas in which it operates. Mr B Muthuraman Managing Director

February 1, 2003

Environmental, Occupational Health & Safety Policy: Tata Steel reaffirms its commitment to provide safe working place and clean environment to its employees and other stakeholders as an integral part of its business philosophy and values. We will continually enhance our Environmental, Occupational Health & Safety (EHS) performance in our activities, products and services through a structured EHS management framework. Towards this commitment, we shall; 1. 2. 3. 4. Establish and achieve EHS objectives and targets. Ensure compliance with applicable EHS legislation and other requirement and go beyond. Conserve natural resources and energy by constantly seeking to reduce consumption and promoting waste avoidance and recycling measures. Eliminate, minimize and/or control adverse environmental impacts and

occupational health and safety risks by adopting appropriate "state-of-the-art" technology and best EHS management practices at all levels sand functions. 5. Enhance awareness, skill and competence of our employees and contractors so as to enable them to demonstrate their involvement, responsibility and accountability for sound EHS performance. Mr B Muthuraman Managing Director

January 31, 2003

Research Policy: Tata Steel believes that research provides the foundation for sustained, long-term, stakeholder delight. Tata Steel shall nurture and encourage innovative research in a creative ambience to ensure that the competitive advantage in its overall business is retained and surpassed. Towards this goal, the Company commits itself to providing all necessary resources and facilities for use by motivated researchers of the highest caliber. Research in Tata Steel shall be aligned to the technological initiatives necessary to evolve and fulfil the overall business objectives of the Company. Mr B Muthuraman Managing Director

January 1, 2002

Social Accountability Policy: Tata Steel, in accordance with its founding principles, will continue to improve the quality of life of its employees and the communities it serves. Tata Steel will conduct its business ever mindful of its social accountability, respecting applicable laws and with regard for human dignity. Tata Steel will positively impact and influence its partners in fostering a sense of social commitment for their stakeholders. Mr B Muthuraman Managing Director

December 20, 2003

Key Enterprise Processes:

Leadership Strategic Planning & Risk Management Market Development Investment Management Human Resources Improvement & Change Management Order Generation Operation & Fulfillment Supply Management Research & Development Information Management Social Responsibility & Corporate Services

Values:

Trusteeship Integrity Respect for the individual Credibility Excellence

Striving For Excellence:

BOARD OF DIRECTORS (As on 06th October, 2006)

Mr R N Tata Mr Nusli N Wadia Mr S M Palia Mr P K Kaul Mr Suresh Krishna Mr Ishaat Hussain Dr Jamshed J Irani Mr Subodh Bhargava

(Chairman)

(Financial Institutions' Nominee)

Mr B Muthuraman Dr T Mukherjee Mr A N Singh

(Managing Director) (Deputy Managing Director Steel) (Deputy Managing Director Corporate Services)

MANAGEMENT (As on 06th October, 2006)

Mr B Muthuraman Dr T Mukherjee Mr A N Singh Mr H M Nerurkar Mr A D Baijal Mr U K Chaturvedi Mr R P Singh

Managing Director Deputy Managing Director (Steel)

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Deputy Managing Director (Corporate Services) Email Vice President (KPO & Technology) Vice President (Human Resources) Vice President (Long Products) Vice President (Engineering Services & Products) Email Email Email Email

Mr Koushik Chatterjee Vice President (Finance) Mr Anand Sen Mr Varun K Jha Mr Avinash Prasad Mr Abanindra M. Misra Mr Om Narayan Mr HC Kharkar Mr J C Bham Vice President (Flat Products) Vice President (Chattisgarh Project) Vice President (Industrial Relations) Vice President (Raw Materials)

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Vice President (Safety & Services) Vice President (TQM & CSI) Company Secretary

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