Tata Steel informs about news clarification

Date: 29-10-2022

Tata Steel has informed that in reference to clarification sought from the Company on the news article captioned ‘Tata Steel inks pact with Ford to supply green steel from the Netherlands” dated October 26, 2022, published online on www.business-standard.com. In this connection, it confirmed the above-mentioned news article. Tata Steel Nederland (TSN), a wholly owned foreign subsidiary of Tata Steel (the ‘Company’), had on October 25, 2022, issued a news release titled ‘Tata Steel and Ford ink MOU for Zeremis green steel supply’. The news release is available at TSN’s website at https://www.tatasteeleurope.com/corporate/news/tata-steel-andford-ink-mou-for-zeremis-green-steel-supply#news; Tata Steel is dedicated towards achieving net zero target by reducing its carbon footprint across production process and product life cycle and attain leadership in sustainability. As part of the Company’s strategy towards sustainable steel making, TSN will be transitioning to hydrogen-based steel making over the next decade; The Company has in the past, through its Integrated Report and Annual Accounts of the current & past years, investor/analyst presentations or conference calls and through other stock exchange filings disclosed its sustainability goals and initiatives towards sustainable steel making; The Company vide its response dated September 2, 2022, to the news clarification sought by National Stock Exchange of India, had confirmed that the Company had investment proposals for setting up hydrogen-based steel manufacturing unit in Netherlands.

The above information is a part of company’s filings submitted to BSE.

Tata Steel Ltd.

Tata Steel informs about news clarification