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VALUE CREATION IMPERATIVES

Deploying growth levers

Our stakeholders comprise providers of financial capital as well as other capitals. Our value creation model leverages our core competencies and focusses on creating a best-in-class integrated value chain. At Tata Steel, we not only pursue financial outcomes but also invest in sustainability and preservation of natural resources, technological development and the well-being of our employees as well as communities to be future-ready.

Contributing to global goals

Through our process of managing our capitals and creating value, we make significant contribution to the United Nations Sustainable Development Goals (UN SDGs). Our priorities for sustainable development are aligned to those of India as well as the steel industry. As a responsible corporate citizen, we have mapped our capitals to the 17 SDGs.

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Imperatives for value creation

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Structural

  • Balance the portfolio in favour of the growing Indian market for steel products and services
  • Achieve technology and knowledge-based differentiation in the chosen segment
  • Growth in long products portfolio
  • Driving synergies from acquisitions
  • Attain leadership position in adjacent businesses
  • Create a sustainable business in Europe
  • Reduce carbon intensity in India operations and absolute carbon emissions in Europe operations
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Financial

  • Focus on deleveraging, fund profitable growth in India
  • Structural cost reduction through focus on raw material security and logistics infrastructure
  • Drive operational efficiencies and cost effectiveness through structured continuous improvement programmes (Shikhar25)
  • Consolidate position as a global cost leader
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Cultural

  • Attract top talent by becoming an employer of choice
  • Focus on safety leadership and zero harm
  • Leverage digital technology and mindset to enhance efficiency and enable business transformation
  • Focus on R&D and technology to achieve technology leadership in the steel industry
  • Build a culture and capability of breakthrough innovation
  • Foster a culture of agility