Tata Steel : Statement of Deviation of Proceeds

	November 13, 2020
The Secretary, Listing Department	The Manager, Listing Department
BSE Limited	National Stock Exchange of India Limited
Phiroze Jeejeebhoy Towers,	Exchange Plaza, 5th Floor, Plot No. C/1,
Dalal Street,	G Block, Bandra-Kurla Complex, Bandra (E)
Mumbai - 400 001.	Mumbai - 400 051.
Maharashtra, India.	Maharashtra, India.
Scrip Code: 500470/890144	Symbol: TATASTEEL/TATASTLPP
Dear Madam, Sirs,

Sub: Statement of Deviation or Variation in the use of proceeds of issue of listed non-convertible debt securities

Please find enclosed herewith a statement indicating no deviation or variation in utilization of proceeds of non-convertible debt securities issued by the Company during the half year ended September 30, 2020.

This disclosure is being made in terms of the SEBI Circular No. SEBI/HO/ DDHS/08/2020 dated January 17, 2020.

This is for your information and records.

Thanking you.

Yours faithfully,

Tata Steel Limited

Parvatheesam Kanchinadham

Company Secretary &

Chief Legal Officer (Corporate & Compliance)

Encl: As above

Registered Office Bombay House 24 Homi Mody Street Fort Mumbai 400 001 India

Tel [phone] Fax [phone] Website www.tatasteel.com

Corporate Identity Number L27100MH1907PLC000260

	Annexure
Statement of Deviation or Variation
Name of listed entity	Tata Steel Limited
Mode of Fund Raising	Public Issues/ Private Placement
Type of instrument	Non-ConvertibleDebentures/Non-ConvertibleRedeemable
Preference Shares
	a. 7.85% - April 17, 2020
	(₹1,025 crore [₹25 crore with GSO] having ISIN INE081A08249)
	b. 7.85% - April 22, 2020
	(₹510 crore [₹10 crore with GSO] having ISIN INE081A08256)
	c. Floating Rate NCD's- April 27, 2020
	(₹1,000 crore having ISIN INE081A08264)
Date of Raising Funds
(Unsecured, rated, listed, redeemable	d. Floating Rate NCD's (Series A) and 7.95% (Series B) -
NCDs)	April 30, 2020
	(₹500 crore each having ISIN INE081A08280 and
	INE081A08272 respectively)
	e. 8.25% - May 20, 2020
	(₹1,000 crore having ISIN INE081A08298)
	f. Floating Rate NCD's - June 3, 2020
	(₹400 crore having ISIN INE081A08306)
Amount Raised	₹4,935 crore raised during H1FY21
Report filed for half year ended	September 30, 2020
Is there a Deviation / Variation in use of	No
funds raised?
Whether any approval is required to vary
the objects of the issue stated in the
prospectus/ offer document?
If yes, details of the approval so	Not Applicable
required?
Date of approval
Explanation for the Deviation / Variation
Comments of the audit committee after	This 'Nil' Statement as on September 30, 2020 was placed before
the Audit Committee at its meeting held on November 13, 2020.
review
The Committee noted.
	STEEL LIMITED

Comments of the auditors, if any	None
Objects for which funds have been raised
and where there has been a deviation, in	NA
the following table
						Amount of
				Modified		Deviation/Variation	Remarks
Original		Modified	Original	Funds	for the half year
	allocation,	if
	Allocation	Utilised	according to
Object		Object, if any	if any	any
			applicable object
						(INR Crores and in %)
				NA
Deviation could mean:
(a) Deviation in the objects or purposes for which the funds have been raised
(b) Deviation in the amount of funds actually utilized as against what was originally disclosed.
Name of Signatory - Parvatheesam Kanchinadham
Designation - Company Secretary &
Chief Legal Officer (Corporate & Compliance)
Date: November 13, 2020
Place: Mumbai

STEEL LIMITED