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INTERLINKAGE BETWEEN STRATEGIES & CAPITALS

CAPITALS

Financial

Financial Capital refers to a pool of funds used to create value through conversion into other forms of capital. This capital is raised through financing (equity, debt), operations and investments.

    KEY INPUTS

  • Cash from business operations including working capital changes (`11,131 crore)
  • Current investments, cash balances `6,318 crore

OUTCOMES

  • EBITDA/Turnover – 22%
  • Return on Average Capital employed – 10%
  • Dividend on ordinary shares – `10 per share
  • Increase in market capitalisation to `46,876 crore

ACTIONS TO ENHANCE OUTCOMES

  • Taking measures to preserve cash, strengthen the balance sheet by reducing debt and re-positioning the business

(Refer to the Directors' Report and financial statements)

Manufactured

Manufactured Capital represents physical objects that are available to an organisation for use in the production of goods or provision of services.

  • Plant with a crude steel capacity of 13 MnTPA with infrastructure for environmental excellence
  • Inbound & outbound logistics facilities
  • Integration with channel partners
  • Support infrastructure (like Maintenance, IT and Automation)
  • Produced 11.68 MnT of crude steel translating to `53,261 crore revenues
  • Leadership position in Automotive and Construction segment
  • Ramp up capacity in existing facilities to focus on high-end product mix for chosen markets
  • Focus on resource efficiency

(Refer to operational efficiency and customer focus strategies)

Intellectual

Intellectual Capital represents organisational knowledge-based intangibles.

  • Technically skilled and experienced talent
  • Collaborations with external agencies
  • Spend on R&D
  • One of the leading patent filer in manufacturing industry in India
  • Fast ramp-up of Kalinganagar Plant
  • Revenue contributed by new products
  • Operational excellence across value chain resulting in cost savings
  • Forge new technical collaborations
  • Enhance external participation in innovation through platforms like 'Mind Over Matter' and 'Connect & Collaborate'
  • Use patent and technology intelligence to capture emerging trends in technology

(Refer to innovation and operational excellence strategies)

Human

Human Capital represents people’s competencies, capabilities, experiences and their motivation to innovate.

  • 34,989 collaborative and committed workforce
  • Policies and strategies for health, safety, diversity, engagement and well-being
  • Collaboration and partnerships with industry bodies and institutions for capability building
  • Engaged and happy workforce
  • Improvement in Health Index
  • Improvement in diversity and inclusion
  • Uninterrupted industrial harmony
  • Committed to Zero
  • Focus on Diversity and inclusion
  • Focus on Health, well-being and engagement of workforce

(Refer to people strategy)

Social &
Relationship

Social and Relationship Capital represents co-operative ties between a company and different communities and stakeholder groups that engage with each other for societal welfare.

  • Mutually respectful relationship with customers
  • Sustained contribution to community activities
  • Strong engagement with community leaders
  • Healthy relations with unions and workforce
  • Candid communication with suppliers, contractors, investors and media
  • Amicable relationship with Government and regulatory authorities
  • Leader in chosen segments
  • Positive impact on the society
  • Social Licence to operate
  • No industrial unrest
  • Sustained confidence from stakeholders
  • Timely receipt of environment clearances and approvals for continuity of operations
  • Enhance further impact and reach of community activities through collaborations with Government, NGOs, medical institutions
  • Initiatives to sustain the employer of choice status
  • Interventions to create long-term sustainable value for investors
  • Enhanced partnerships through policy advocacy
  • Delight the customers through new product development and value-added products

(Refer to responsible behaviour, people, growth and customer focus strategies)

Natural

Natural Capital represents all renewable and non-renewable environmental resources such as water, land, minerals, forests, biodiversity and ecosystem health.

  • Coal (11.2 MnT)
  • Iron ore (21.6 MnT)
  • Ferro alloys (0.155 MnT)
  • Water (TSJ-3.83 m3/tcs; TSK-7.66 m3/tcs)
  • Spend on environmental projects: (`605 crore)
  • CO2 emissions: TSJ-2.29 tCO2/tcs (National benchmark); TSK-3.08 tCO2/tcs
  • Energy Intensity: TSJ-5.67 GCal/tcs (National benchmark); TSK-8.49 GCal/tcs
  • Effluent Discharge: TSJ-1.01m3/tcs
  • Dust Emissions: TSJ-0.44 kg/tcs, TSK-1.3 kg/tcs
  • Waste generation- solid waste, hot gases
  • Impact on biodiversity in mining areas
  • Climate change strategy to reduce CO2 and water footprint and move towards circular economy
  • Biodiversity management action plans in mining locations
  • Embedding Integrated approach in key work processes

(Refer to operational efficiency and responsible behaviour strategies)

TSJ-Tata Steel Jamshedpur | TSK-Tata Steel Kalinganagar