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Tata Steel to sponsor the Professional Golf Tour of India


New Delhi – WEBWIRE

Tata Steel will enhance its support to golf in the country through a three-year deal as the umbrella sponsor of the Professional Golf Tour of India (PGTI), Tata Steel Vice President for Safety, Health & Sustainability, Mr. Sanjiv Paul announced here today.

“For more than a decade and a half, Tata Steel has hosted a tournament for the Indian pros at the Golmuri Golf Course in Jamshedpur. We decided it was time to extend our support to professional golf in the country as the lead partners for the entire tour,” Mr. Paul said at a media conference to announce the association with PGTI.

“Tata Steel has a long and enduring commitment to Indian sport. From football to archery, from athletics to boxing, from hockey to chess, we have been in the forefront of nurturing and supporting sporting talent,” he said. “The association with the professionally-run PGTI is a natural outcome of our shared goal of promoting competition at the highest level among Indian players.”

“We are delighted to welcome Tata Steel, one of Indian sport’s earliest and biggest benefactors, as our umbrella sponsor,” said PGTI Chief Executive Officer Uttam Singh Mundy. “Both the main and feeder tours – will benefit from PGTI’s association with Tata Steel.”

PGTI’s calendar 2019 will include between 18 and 20 tournaments across the country. In just over 12 years of its existence, more than 325 players have won prize money, with 38 players earning in excess of Rs 1 crore each. As many as 52 players have won at least one of the 220 tournaments, Mhow’s Mukesh Kumar topping the chart with 19 victories.

Tata Steel’s century-old association with sports dates back to Sir Dorabji Tata financing four athletes and two wrestlers for the 1920 Olympic Games in Antwerp, Belgium. Tata Steel has created infrastructure for every sports discipline, including a 9-hole and an 18-hole golf courses which have played host to a number of tournaments.

PGTI’s alignment with the Official World Golf Ranking (OWGR) system opens the doors for more Indian players to make an impact on the world stage and also for the world to recognise the kind of talent that we have in India.

The introduction of world ranking points will also help in improving the fields at PGTI events as Indian players who are Asian Tour regulars will have that extra incentive and motivation of playing on their home tour.

About Tata Steel

Tata Steel Group is among the top global steel companies with an annual crude steel capacity of 33 million tonnes per annum (MTPA). It is one of the world’s most geographically-diversified steel producers, with operations and commercial presence across the world. The Group recorded a consolidated turnover of US $20.41 billion (INR 133,016 crore) in FY18. In 2018, Tata Steel acquired Bhushan Steel Ltd (now renamed as Tata Steel BSL Ltd). Currently, Tata Steel’s consolidated India crude steel production capacity stands at 18.6 MnTPA.

A Great Place to Work-CertifiedTM organisation, Tata Steel Ltd., together with its subsidiaries, associates and joint ventures, is spread across five continents with an employee base of over 65,000.

Tata Steel retained Industry Leader position in FY18 and ranked second overall in the DJSI assessment, 2017. The Company has been recognised as the Climate Disclosure Leader in ‘Steel category’ by CDP (2017). Besides being a member of the World Steel Climate Action Programme, Tata Steel has won several awards including the Prime Minister’s Trophy for the best performing integrated steel plant for 2016-17, ‘Corporate Strategy Award’ by Mint (2018), Golden Peacock Award for Risk Management 2018 and Best Risk Management Framework & Systems Award 2019 by CNBC TV18. The Company also received the ‘World’s Most Ethical Companies’ award from Ethisphere Institute for the eighth time (2019), Steel Sustainability Champions (2017) by the World Steel Association, Dun & Bradstreet Corporate Awards (2017 & 2018), Golden Peacock HR Excellence Award by Institute of Directors (2017 & 2018) as well as ’Asia’s Best Integrated Report’ award by the Asia Sustainability Reporting Awards (2017), among several others.

In 2018, the Company launched a corporate brand campaign #WeAlsoMakeTomorrow. www.wealsomaketomorrow.com

Disclaimer
Statements in this press release describing the Company’s performance may be “forward looking statements” within the meaning of applicable securities laws and regulations. Actual results may differ materially from those directly or indirectly expressed, inferred or implied. Important factors that could make a difference to the Company’s operations include, among others, economic conditions affecting demand/ supply and price conditions in the domestic and overseas markets in which the Company operates, changes in or due to the environment, Government regulations, laws, statutes, judicial pronouncements and/ or other incidental factors.


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