G TATA

August 10, 2009 TO WHOM IT MAY CONCERN

This is to certify that Ms. Ritcha Choudhary, student of Alliance Business Academy, Bangalore. undertook a project titled "Capital Expenditure Review and Analysis",at Tata SteelLtd.from 25th June to 8thAugust, 2009. Ms. Ritcha Choudhary has successfully completed the project under the guidance of Mr. Sumit Shubhadarshan, Head Capital Planning, Tata Steel Ltd. She is a sincere and hard working student with pleasant manners. We wish all success in her future endeavors.

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- (Ratna Sinha)
Head (Management Development)
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TATA STEEL LIMITED

Tata Steel Management Development Centre Jamshedpur 831 001 India Tel 91 657 2224467 2142894 Fax 91 657 2224467 Registered Office. Bombay House 24 Homi Mody Street Mumbai 400 001