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COMPANY OVERVIEW
Established in Jamshedpur in 1907, Tata Steel, a Company that took shape from the vision of Jamsetji N. Tata, is today a global business enterprise having products and services in over 150 countries.
Being the world’s second-most geographically diversified steel producer, we operate in 26 countries, have commercial presence in over 50 countries and have employees spread across five continents.
Know moreVision
We aspire to be the global steel industry benchmark for ‘Value Creation' and 'Corporate Citizenship’.
Mission
Consistent with the vision and values of the Founder, Jamsetji Tata, Tata Steel strives to strengthen India’s industrial base through the effective utilisation of staff and materials.
Value
Integrity | Unity | Pioneering | Excellence | ResponsibilityHighlights of FY2017
(Consolidated)
Jamshedpur Steel Works-
first and only integrated
steel plant in India to be rated
Platinum by GreenCo
assessment conducted by
CII-Green Business Centre
Steel Industry Leader in the
Dow Jones Sustainability Index
for the year 2016.
* Lost Time Injury Frequency Rate
DELIVERIES
`23.88 MnT
REVENUE
`1,17,420 Cr.
EBITDA
`17,025 Cr.
EMPLOYEES
70,000+
NEW PRODUCTS LAUNCHED
51
NUMBER OF LIVES IMPACTED THROUGH CSR
1.1 Mn+
LTIFR*
39%
From FY2010
PERFORMANCE HIGHLIGHTS
(Tata Steel India)
Financial Capital
We generate our financial capital annually in the form of surplus arising from the current business operations and financing activities, which includes restructuring of debts aligned with the market conditions and other investments.
Know moreTURNOVER
`53,261 Cr.
Higher as compared to FY2016, due to commencement of operations at Tata Steel Kalinganagar (TSK), higher production of Chrome Concentrate and Ferro Chrome with improved demand in the international market
PAT
`3,445 Cr.
Increased by 2.6 times, as compared to FY2016 , primarily on account of improved realisations, higher deliveries and lower exceptional charges over previous year
EBITDA
22%
Due to supportive realisations and strong growth in deliveries
CAPEX
`3,173 Cr.
PERFORMANCE HIGHLIGHTS
(Tata Steel India)
Manufactured Capital
We continually invest in our integrated steel plants, consisting of our iron making, steel making and rolling facilities, warehouses, along with the logistics operations, while ensuring safety and reliability of the operations.
Know moreNEW STEEL MAKING CAPACITY COMMISSIONED
3 MnTPA
Flat products at Kalinganagar (BF-BOF route)
TOTAL CRUDE STEEL PRODUCTION
11.68 MnT
Target achieved due to stable operation of Jamshedpur plant and ramp up of Kalinganagar plant
SAVINGS THROUGH IMPROVEMENT PROJECTS
`3,400 Cr.
Across the value chain
SALES
7.7 MnT
Flat Products
3.3 MnT
Long Products
PERFORMANCE HIGHLIGHTS
(Tata Steel India)
Intellectual Capital
Our thrust on innovation and research is of paramount importance for our product development and it also reinforces our operational efficiency and resource optimisation drive, while adhering to the Standard Operating Procedures. We incorporate customer requirement in our product development. We also collaborate with experts, academia and think tanks for our R&D efforts.
Know morePATENTS FILED
870
(Cumulative till FY2017)
PATENTS GRANTED
360
(Cumulative till FY2017)
R&D SPEND
`681 Cr.
(Cumulative from 2011)
REVENUE FROM NEW PATENTS FILED PRODUCTS
5%
(New Products: Products developed in last three years)
PERFORMANCE HIGHLIGHTS
(Tata Steel India)
Human Capital
Our people form the core of our operations. We invest in employee welfare and happiness to drive performance excellence. Our work culture ensures safety, health, competency enhancement and overall well-being of our employees.
Know moreSAFETY
19%
Increase in LTIs
5
Fatalities
HEALTH INDEX
~2%
Improvement in FY2017 over FY2016, due to focused awareness and intervention programmes
DIVERSITY
15%
Increase in women workforce as compared to FY2016
SKILLED MANPOWER
~100%
EMPLOYEES INVOLVED IN IMPROVEMENT INITIATIVES
92.5%
PERFORMANCE HIGHLIGHTS
(Tata Steel India)
Relationship Capital
We believe in building long-term, transparent and trust based relationships with our partners, while adhering to applicable norms and corporate ethics. We also invest in building our partners’ capacities and sharing knowledge with them.
Know moreSUPPLIERS BASE
5,000+
CHANNEL PARTNERS
12,000+
CUSTOMERS
81.3%
Customer Satisfaction Index
COLLABORATIONS
42
PERFORMANCE HIGHLIGHTS
(Tata Steel India)
CSR OUTREACH
1.1 Million People
Impacted
CSR SPEND
`194 Cr.
Consistently higher than the mandate
PERFORMANCE HIGHLIGHTS
(Tata Steel India)
Natural Capital
We depend on the stock of natural resources like iron ore, coal and other minerals which constitute our key raw materials. At the same time resources like land and water, are indispensable for our operations. We also manage the impacts of our operations on the natural environment.
Know moreENERGY INTENSITY
1.7%
Improvement over FY2016 (At Jamshedpur Steel Works)
WATER CONSUMPTION
~ 13%
Improvement in Specific Water Consumption over FY2016 (At Jamshedpur Steel Works)
CHAIRMAN’S MESSAGE
Dear Shareholders,It is my privilege to write to you as the Chairman of Tata Steel and I feel honoured to accept the responsibility to Chair the Board. I am happy to present to you the second Integrated Report of Tata Steel for the Financial Year 2016-17.
Natarajan Chandrasekaran
Chairman of the Board
Mumbai
A DIALOGUE WITH MANAGEMENT
It is with great pride that we report to you that the new greenfield Kalinganagar Plant in Odisha is ramping up the operations to its rated capacity within a very short span of time.
Know moreour approach to value creation
At Tata Steel, we recognise that our stakeholders expect us to be transparent about our value creation approach.
Know moreOUR STRATEGY
People
With our concerted efforts towards employee welfare, we have 89 years of harmony within the workforce
Know moreOUR STRATEGY
GROWTH & CUSTOMER FOCUS
Our growth is aimed to create enhanced value for our customers
Know moreOUR STRATEGY
OPERATIONAL EXCELLENCE
We aim to retain our position as one of the lowest cost steel producers in the world through greater operational efficiencies and business excellence.
Know moreOUR STRATEGY
INNOVATION
We leverage our technological capabilities to reduce our carbon footprint, optimally use inferior raw materials, improve yield, utilise solid waste and move towards a system of zero water discharge
Know moreOUR STRATEGY
RESPONSIBLE BEHAVIOUR
The Tata Values and Tata Code of Conduct serve as the guiding philosophies of our work culture. We aspire to be the benchmark for environment performance and our approach to social responsibility is guided by our vision, our CSR and Affirmative Action Policies
Know moreAwards and Recognition
‘Best Companies to Work for’ 2016 award in the core sector by Business Today
Safety and Health Excellence recognition 2016 in 'Leadership' category by World Steel Association
Prime Minister’s Trophy for the ‘Best Performing Integrated Steel Plant’ in the country for the performance year 2013-14
Awards and Recognition
‘Best Risk Management Practice’ Award in the category of Metals & Mining at the 3rd India Risk Management Awards 2017
‘World’s Most Ethical Company Award‘ 2017 - Recognised for the fifth time by Ethisphere
Noamundi Iron Mine accorded ‘Five Star rating’ for its sustainable mining practices by Ministry of Mines, Government of India