JCAPCPL completes a decade of service

18 August 2022

Jamshedpur Continuous Annealing & Processing Company Pvt. Ltd. (JCAPCPL), a joint venture between Tata Steel and Nippon Steel, serving the automobile industry, completes 10 years on August 17. 

As part of 10th anniversary celebrations, the company today unveiled a sculpture, especially commissioned for the occasion. This installation is designed to represent 10 years of JCAPCPL as well as the continuous nature of the automobile industry. 

The Chief Guest on the occasion was Chanakya Chaudhary, Vice President, Corporate Services, Tata Steel. The structure has been installed outside Beldih Club.

The Sculpture not only celebrates JCAPCPL’s path-breaking performance and the promise to achieve many more milestones but is also paying tribute to its creative culture within the works and in the hearts and minds of its people and the community that hosts it. It is also JCAPCPL's commitment to a green earth and its own environmentally-sustainable systems and processes ever since its first dispatches by road and rail rolled out by July 2014.

Ujjal Chakraborti, Managing Director JCAPCPL said, “The hallmark of JCAPCPL's last decade has been its outstanding success in increasing its market share by delivering high quality products and responding to the fast-evolving needs of passenger vehicles”. 

Notably, the company has served India’s growing demand for high-end automotive grade cold rolled steels. JCAPCPL has relationships with all major passenger manufacturers in India and is currently a key source of cold rolled steels in the country.

About Tata Steel

Tata Steel group is among the top global steel companies with an annual crude steel capacity of 34 million tonnes per annum. 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 $ 32.83 billion in the financial year ending March 31, 2022.

A Great Place to Work-CertifiedTM organisation, Tata Steel Limited, together with its subsidiaries, associates, and joint ventures, is spread across five continents with an employee base of over 65,000. Tata Steel has been a part of the DJSI Emerging Markets Index since 2012 and has been consistently ranked amongst top 10 steel companies in the DJSI Corporate Sustainability Assessment since 2016. Besides being a member of ResponsibleSteelTM, worldsteel’s Climate Action Programme and World Economic Forum’s Global Parity Alliance, Tata Steel has won several awards and recognitions including the World Economic Forum’s Global Lighthouse recognition for its Jamshedpur, Kalinganagar and IJmuiden Plants, and Prime Minister’s Trophy for the best performing integrated steel plant for 2016-17. The Company, ranked as India’s most valuable Metals & Mining brand by Brand Finance, featured amongst CII Top 25 innovative Indian Companies in 2021 and top 10 sustainable organisations of India Hurun Research Institute in the 2021 Capri Global Capital Hurun India Impact 50, received Steel Sustainability Champion recognition from worldsteel for five years in a row, ‘Most Ethical Company’ award 2021 from Ethisphere Institute, RIMS India ERM Award of Distinction 2021, Masters of Risk - Metals & Mining Sector recognition at The India Risk Management Awards for the sixth consecutive year, and Award for Excellence in Financial Reporting FY20 from ICAI, among several others.

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.

For media enquiries contact:

Sarvesh Kumar
Chief, Corporate Communications - Tata Steel
E-mail: sarvesh.kumar@tatasteel.com

 

Source:tatasteel.com