Tata Steel Expands its Digital Services with the Launch of Urja Programme

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~ Urja programme is now available on Company’s digital platform ‘DigECA’ ~

~ Programme aims to provide unsecured working capital to customers of Tata Steel distributors ~

Kolkata: Tata Steel is expanding its digital services with the launch of Urja, its flagship unsecured working capital finance programme, on DigECA – the Company’s centralised digital buying and selling platform for ECA (Emerging Customer Account) customers.

Urja programme has been designed for the MSMEs (Micro, Small & Medium Enterprises) and ECA customers of Tata Steel distributors. This facility is meant for customers seeking credit but finding it difficult to get the same due to the inaccessibility of unsecured finance from financial institutions/Banks/NBFCs.

Praveen Shrivastava, Chief of Marketing & Sales, Branded Products & Retail (Flat Products), Tata Steel, said: “Urja connects multiple lenders like major Banks and NBFCs with MSME/ ECA customers on this common platform and provides efficient and simplified working capital solutions offering highly competitive lending terms. The integrated plug-and-play platform ensures easy documentation and hassle-free rotational credit that can be easily replenished basis utilisation and on request.”

Managed by mjunction Services Limited, a joint venture of Tata Steel and SAIL, the Urja Programme operates digitally through an integrated online platform and payment system. Tata Steel and mjunction are actively working to expand the Urja Programme by adding more lenders to provide a wider range of options for ECAs.

Tata Steel’s commitment to serving its customers across diverse market segments is evident in its strategic approach. With B2B as the largest customer group, the Company is a trusted partner in key sectors like automobiles, appliances, construction, industrial products, metal components, and power generation. Tata Steel is also working towards expanding and enhancing the engagement with both retail (B2C) and the emerging B2ECA segment, consisting of small and medium-sized enterprises (SMEs), which represents the growth engine of India’s manufacturing sector. Tata Steel has successfully rolled out various digital platforms and solutions – cutting across customer segments—namely AASHIYANA® (for B2C), COMPASS® (for B2B) and DIGECA® (for B2ECA)—as well as across various business verticals.


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