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2016 challenging yet successful year as well: T V Narendran

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Jamshedpur : Tata Steel managing director T. V. Narendran On Sunday said that 2016 was challenging for Tata Steel yet it was successful.

He extended his warm wishes to the people after a formal cake cutting ceremony to usher in 2017 at the lawns of Centre for Excellence.

He along with former managing director of Tayo Rolls, R P Tyagi cut the new year cake amid the presence of an august gathering comprising senior company officials, members of Tata Workers’ Union ( TWU), senior citizens, functionaries of Singhbhum Chamber of Commerce and Industry ( SCCI) and others.

He thanked the citizens of Jamshedpur and promised to keep the company’s commitment for working together with community , both during good and bad times.

“ Like every year this year too we are looking forward to citizens’ support for creating a positive environment, where all can work as partners in making the city a better place, ” he said.

Narendran informed that the steel major has got the necessary environment clearances for producing 11 million tonnes per year of steel. Presently, the Jamshedpur plant produces 10 million tonnes per annum.

Moreover, he said that the focus is much on the Kalinganagar project in Odisha, which is the first green field project of Tata Steel after Jamshedpur. ” We are targeting at 2 million tonnes per annum steel production by the end of this year.

Referring to demonetisation, he said that it impacted the business by 5 to 8 per cent in November. But, gradually things are improving and that in January situation will become normal.

Meanwhile, throwing light on the path ahead for the Tata Steel in the new calendar year, the managing director said that the steel major would continue to do its work to protect the environment and serve the community. On this occasion he also issued advice for the people of the Steel City should focus on safety.

In his address to the senior citizens of Jamshedpur, he promised advanced infrastructure development with special focus on roads. Utility provider Jusco will carry out necessary works he noted. He also stressed on the need for participation by one and all for all-around growth of the city.

“With the co-operation of everyone we would like to take Jamshedpur to a different level and make it an attractive place,” he said addressing the august gathering.

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