 Sustainability through Growth
Tata Steel is focused on developing long-term relationships with its
global customers by providing lasting solutions in steel. The Company intends to be a 15
million tonne Company by 2010 through organic growth and acquisitions in India and
overseas. The Company has already taken steps to expand the capacity of its steel facility
at Jamshedpur to 7.4 million tonnes and announced its first major overseas investment in
NatSteel, Asia. Thus, creating its manufacturing footprint in six countries in South East
Asia and in China.
As part of its vision to grow through new and related businesses, Tata
Steel is also exploring opportunities in Ferro-Chrome in South Africa and Titanium
businesses in the Indian state of Tamil Nadu.
IISI Sustainability Reporting on Financial Indicators
| Sustainability Indicators |
Unit of Measure |
World |
Tata Steel |
Numbers reported |
| Investment in new processes and products |
% of revenue |
6.3 |
8 |
31 |
| Operating Income |
% of revenue |
9.4 |
29 |
31 |
Return on Capital
employed |
% of revenue |
9.5 |
28.12 |
31 |
| Value Added |
% of revenue |
3.6 |
15 |
22 |
* Number of Member companies reported |
Contributions to the Public Sector
The Company paid a total sum of Rs 12.621 billion in taxes such as
sales tax, excise duty, wealth tax, etc in 2003-04. It made donations amounting to Rs 67.6
million to the community and civil society.
In 2003-04, Tata Steel undertook the construction of 11 schools in the
super-cyclone hit areas of Orissa, as well as villages that it serves through its
community initiatives. In the western state of Gujarat it has constructed 21 schools and
50 housing units for the earthquake affected. On a fresh request from Government of
Gujarat, Tata Steel has agreed to add another 80 housing units even though the Company
does not have any operational interests in Gujarat.
| • Highest ever production |
: 4.06 million tonnes |
| |
|
| • Export turnover |
: an increase of 14% to Rs 14,965.6 million |
| |
|
| • Record turnover of Rs 1,20,696.2 million |
| |
|
| • Profit after-tax increased by 72% to Rs 17,462.2
million |
| |
|
| • Net Working Capital reduced to Rs 842.2 million |
| |
|
| • Return on equity |
: 46.2% |
Indirect Economic Impacts
By virtue of nature of its operations, Tata Steel has created several
economic externalities that have extended the impact of its operations far beyond the
scale and value of its operations.
Tata Steel has created a township and other allied infrastructure,
which have innumerable redistribution benefits. Several institutions and organisations are
supported by Tata Steel and its subsidiary and associate companies, through the creation
of skilled manpower, sourcing of goods and services and also financial support. These
organisations employ thousands of people, who are indirectly benefited by Tata
Steel’s products and services.
Research & Development
Research is undertaken at Tata Steel in the areas of raw materials
including coal, coke, energy conservation, waste utilisation, sintering, blast furnace
productivity and phosphorous reduction, product development and improvement in life of
plant and machinery. The Company spends 7% of its turnover for R&D 17 patents have
been sealed and over 100 are in process.
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