The Secretary, Listing Department BSE Limited

Phiroze Jeejeebhoy Towers, Dalal Street,

Mumbai - 400 001. Maharashtra, India. Scrip Code: 500470

Dear Sirs/Madam,

May 16, 2017

The Manager, Listing Department National Stock Exchange of India Limited Exchange Plaza, 5th Floor, Plot No. C/1,

G Block, Bandra-Kurla Complex, Sandra (E), Mumbai - 400 051.

Maharashtra, India. Symbol: TATASTEEL

Sub: Details of Non-Converti ble Debentures for the half year ended March 31, 2017

Please find enclosed herewith the details of non-convertible debentures of the Company for the half year ended March 31, 2017.

This disclosure is being made in compliance with Regulation 52(4) of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 ("Listing Regulations").

The certificate from the debenture trustee pursuant to Regulation 52(5) of the Listing Regulations is also enclosed herewith.

This is for your information and record. Yours faithfully,

Tata Steel Limited

LuttL

Parvatheesam K Company Secretary

Encl: As above

TATA STEEL LIMITED

Registered Office Bombay House 24 Homi Mody Street Mumbai 400 001 India Tel 91 22 6665 8282 Fax 91 22 6665 7724 website www.tatasteel.com

Corporate Identity Number L271OOMH 1907PLC000260

Disclosures as per Regulation 52(4) of the SEBI (LODR) Regulations, 2015 for the half year ended March 31, 2017

Partlculars Disclosures

INot..,,,..

. . . . . . Credit rating of AA, AA and AA from CARE, INDIA RATINGS and BRICKWORK, respectively in

(a) Credit rating and change in credit rating (1f any) respect of Non-Convertible Debentures issued by the Company. (b) Asset cover available, in case o f non-- M;...,, ...;.. ·,.;.,,..;,

convertible debt NCD securities

  1. Net Debt-Eguity Ratio 0.44 times ,

    NCD Serles / ISIN

    Principal

    Interest

    Due On

    Paid On

    (l!' Crores)

    i) 9.15% NCD - f 500 Crores (INE081A08199)

    Previous due date for the payment of interest/ il)

    (I!' Cror_e_s_) I

    45.63

    ---

    24-Jan-17

    24-Jan-17

    dividend for non-convertible redeemable 9.15% NCD - f 500 Crores (INE081A08207)

    45.63 . 24-Jan-17

    24-Jan-17

  2. preference shares/ repayment of principal of non-convertible preference shares /non convertible debt securities and whether the same has been paid or not;

    ITT ) 2% PPD1 - f 1500 Crores (INE081A08181)

    iv) 10.25% PPD1 - f 2500 Crores (INE081A08157) v) 10.25% PPD1 - f 500 Crores (INE081A08140)

    vi) 12.50% PPD1 - f 1250 Crores (INE081A08116)

    416.67

    30.17 . 23-Apr-162

    343.40 06-Jan-17 68.68 1 22-Dec-16

    52.08 19-Nov-16

    25-Apr-16

    06-Jan-17

    22-Dec-16

    19-Nov-16

    vii) 10.40% NCD - f 650.90 Crores (INE081A08124)

    I 67.88 15-May-162 16-May-16

    viii) 11% NCD - f 1500 Crores (INE081A08132)

    NCD Series / ISIN

    i) 9.15% NCD - f 500 Crores (INE081A08199)

    Principal

    ll' «;r_imt!.IJ

    165.00

    Due On

    19-May-16

    Interest

    ll' Crg_r! ..

    45.75

    19-May-16

    Due On

    24-Jan-18

    II) 9.15% NCD - f 500 Crores (INE081A08207)

    45.75 24-Jan-18

    Next due date for the payment of interest/ dividend of non-convertible preference shares

  3. /principal along with the amount of interest/

ITT) 2% PPD1- f 1500 Crores (INE081A08181) 10.25% PPD1- f 2500 Crores (INE081A08157)

29.92

343.40

23-Apr-17

06-Jan-18

dividend of non-convertible preference shares payable and the redemption amount;

j v)

J vi)

rvii)

10.25% PPD1 - f 500 Crores (INE081A08140)

10.40% NCD - f 650.90 Crores (INE081A0_8_12_4)-+--

11% NCD - f 1500 Crores (INE081A08132)

68.68

--+--- 67.51

165.00

22-Dec-17

15-May-17

19-May-17

I (f) Debt service coverage ratio

  1. Interest service coverage ratio

  2. Outstanding redeemable preference shares (quantity and value)

  3. Capital redemption reserve (CRR) I Debenture

  4. viii) B.15% PPD1 f 1000 Crores (INE081A08215)

    1 - privately placed debentures; 2 - bank holiday

    2.72 times

    4.21 times

    Not applicable

    DRR - f 2,046.00 Crores

    81.50

    04-0ct-17

    mption reserve (DRR)

    0) Net worth

    LQ2_ Net profit after tax

    l(I) Earnings per share Notes:

    f 51,934.01 Crores

    f 3,444.55 Crores

    f 33.67 (Basic & Diluted)

    1. TSL issued 8.15%, Unsecured, Redeemable NCD of Rs.1,000 crores on 4 October 2016

    2. Brickworks revised TSL's credit rating on 27 October 2016 to BWR AA from BWR AA+ for NCD CARE Ratings revised TSL's credit rating on 18 January 2017 from AA+ to AA for NCD.

    3. Formulae for computation of ratios are as follows:

      1. Net debt to equity: Net Debt I Average Net Worth

        (Net debt: Long term borrowings + Current maturities of long term borrowings + Short term borrowings - Cash & bank balances - Current investments) (Net worth: Shareholders' funds+ Hybrid Perpetual Securities)

      2. Debt Service Coverage Ratio: EBIT I (Net finance charges + Scheduled principal repayments of long term debts (excluding prepayments) during the period)

        (EBIT : Profit before Tax +/(-) Exceptional Items + Net finance charges)

        (Net finance charges: Finance costs (excluding interest on short term debts) - Interest income - Dividend income from current investments - Net Gain/(Loss) on sale of current investments)

      3. Interest Service Coverage Ratio: EBIT I Net Finance Charges

      PrJt,," -

      Tata Steel Limited

      Parvatheesam K , Company Secretary

      TATA STEEL LIMITED

      Registered Office Bombay House 24 Homi Mody Street Mumbai 400 001 India Tel 91 22 6665 8282 Fax 91 22 6665 7724 website www.tatasteel.com

      Corporate Identity Number L27100MH1907PLC000260

      ((!)} trustee

      IDBITrusteeship Services Ltd

      C N : U6599l'MH2001GOI131154 IDBI

      May 16, 2017.

      To,

      Tata Steel Limited,

      Bombay House,

      24 Homi Mody Street Fort, Mumbai- 400 001

      Dear Sir,

      Ref: Regulation 52(51 of SEBI (Listing Obligation & Disclos ure Requirements) - Submission of Half yearly Results by the Company .

      We are acting in capacity of Debenture Trustee for Non-Convertible Debentures

      issued by the Company as mentioned in Annexure- 1.

      With reference to above we are in receipt of letter dated May 16, 2017 for submission of Results to the Stock Exchange for the half year ended March 31, 2017.

      Pursuant to Regulation 52(5) of SEBI (Listing Obligation & Disclosure Requirements), "We hereb y certt f11 that we have taken a note of the contents of the reports submitted to us by the company for the hal f year ended March 31 , 2017 ".

      Thanking, You, Yours Faith.fully,

      For IDBI Trusteeship Services Limited , Authori sed Signatory.

      Regd. Office :Asian Building, Ground floor,17, R. Kamani Marg, Ballard Estate,Mumbai - 400 001. Tel. :022·4080 7000 • fax :022 66311776 • Email : itsl@idbitrustee.com • response@idbitrustee.com Website :www.idbitrustee.com

      Annexure- 1

      list of Non-Convertible Debentures {NCOs)

      S.No.

      Serles

      ISIN

      Am,ou,nt

      1

      9.15%

      INE081A08199

      500 crore

      2

      9.15%

      INE081A08207

      500 crore

      3

      2%

      INE081A08181

      1,500 crore

      4

      10.25%

      INE081A08157

      2,500 crore

      5

      10.25%

      INE081A08140

      500 crore

      6

      12.50%

      INE081A08116

      1,250 crore

      7

      10.40%

      INE081A08124

      650.90 crore

      8

      11%

      INE081A08132

      1,500 crore

      9

      8.15%

      INE081A08215

      1,000 crore

    Tata Steel Ltd. published this content on 22 May 2017 and is solely responsible for the information contained herein.
    Distributed by Public, unedited and unaltered, on 22 May 2017 05:57:07 UTC.

    Original documenthttp://www.tatasteel.com/investors/pdf/Half-year disclosure pertaining to NCDs-220517.pdf

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