Tata Sons Chairman N Chandrasekaran expressed his happiness at being in Jamshedpur for Founder's Day, describing the city and Tata Steel as a "birth place" and noting that it is "always a very very special moment" to visit. Speaking on March 3, he highlighted the company's longevity, stating it is "going to be 120th year shortly" on May 27. Mr Chandrasekaran emphasized that the company "continues to thrive" and is "pushing forward with a lot of new technologies" while expanding globally. He revealed that during a "very good meeting" with the Jharkhand team the previous day, "we announced 11,000 crore investment". He further explained that this investment is aimed at "developing something to reduce the carbon footprint" using a "new process developed".