‘20% workforce to be women in Tata Steel by 2020’
The MD was addressing a press conference to highlight the company’s performance in the last fiscal. He said Tata Steel has improved its production in the last financial year (2016-2017), and is willing to take on more challenges in the days to come.ranchi Updated: Apr 02, 2017 14:23 IST
India’s premier steel industry, Tata Steel has set a benchmark to become one of the top five steel industries in the world along with 20 percent women workforce by 2020.
The announcement comes at a time when Prime Minister Narendra Modi has put special emphasis on saving and educating the girl child in the country.
Tata Steel managing director T V Narendran said in Jamshedpur on Saturday the company is planning to have overall 20% women employees in the company by 2020. “With the help of positive amendments by the government with regards to women employment in the state, Tata Steel is hopeful that it will provide more employment to women,” he stressed.
The MD was addressing a press conference to highlight the company’s performance in the last fiscal. He said Tata Steel has improved its production in the last financial year (2016-2017), and is willing to take on more challenges in the days to come.
Announcing the progressive production and sale, managing director (MD) of Tata Steel T V Narendran said, marketing and sales achieved the highest ever annual sale volume of 10.94 million tonnes, up by 15% over the last financial year sale of 9.54 million tonnes.
With growth of nine percent in automotive, the company achieved 1.54 million tonnes sales, taking the market share from 42 percent in 2015-2016 to 44 percent in 2016-2017, he said.
The company’s performance at Jamshedpur in Jharkhand and Kalinganagar in Odisha was as per expectation. The Kalinganagar plant achieved more than expectation in the last financial year up to 1.5 million tonnes of crude steel production.
Narendran said the steel industry has a growing future in India. Around 60 to 70% of steel, he said, is being used in infrastructure development and the Union as well as the state government is paying special attention on infrastructure development including railway, road and power supply.
“After the recent Momentum Jharkhand event and road shows by the state government in various countries, the world industry is looking for better business opportunity in this tribal land. More industries will come to Jharkhand and Tata Steel is looking forward to a better competitive market in the steel industry,” the MD said.
Having a present capacity of 9.7 million tonnes steel production at the Jamshedpur plant, the company achieved 10 million tonnes. This year, the steel melting shop achieved 1.5 million tonnes of crude steel production at the Kalinganagar plant.
On enrolling more employees and generating employment, Narendran said it is dependant on productivity and profit.
Vice president, Sunil Bhaskaran said, “Tata Steel will pay special attention on more advance facilities at Tata Main Hospital (TMH) and conduct international level cricket at the Keenan Stadium while increasing its expenditure on corporate social responsibilities (CSR) initiatives.
“During the last 10 years, Tata Group has spent around Rs 40,000 crore in various sectors in Jharkhand. In the last four years, Tata Steel and its subsidiary companies spent Rs 15,000 crore in Jamshedpur town that resulted in indirect employment opportunities to scores of people,” he said.
First Published: Apr 02, 2017 14:23 IST