APPROACH TO VALUE CREATION
As a leading steel manufacturer, we are committed to delivering products, providing services and creating employment opportunities that contribute towards sustained economic and social value. We have a structurally strong business model. We focus on operational excellence and are leaders in chosen market segments. We intend to create value by maintaining our leadership position through scale, cost leadership and innovation.
Our value drivers
Maintain leadership position in chosen market segments
Focus on cost competitiveness to ensure and enhance organic cash flow from business
Drive synergies from acquisitions
Focus on allocating capital efficiently, including divesting non-synergistic assets
Focus on deleveraging the balance sheet
Our imperatives for long-term value creation
Tata Steel BSL
RESHAPING TATA STEEL
Graphene Centre, The Shard, London Jamshedpur Steel Plant
Our interventions to be future ready
Leverage digital technology to enhance efficiency and enable business transformation
Focus on R&D and technology to achieve technology leadership in steel industry
Create a sustainable value chain through business model innovations
Focus on safety leadership and achieve Zero LTI
Be the industry leader in CSR and gain the social license to operate
Our ‘multi-capital’ approach
We recognise that our ability to generate economic value is dependent on a multi-capital approach that not only leverages financials but also skilled employees, innovation, community relationships and key natural resources. True to our founding philosophy of ‘profits with a purpose’, we continue to invest beyond operational activities.
Recognising our raw material dependencies, we work towards optimising the use of natural resources and reducing our impact on the environment. Our community programmes help us gain the social license to operate and flourish together with the communities we operate in.
Creating value for sustainable development
In the process of managing our multiple capitals and value creation, we make significant contribution to the United Nations Sustainable Development Goals (UN SDGs). We believe our priorities for sustainable development are aligned to that of India’s and as a responsible corporate citizen, we are mapping our contribution to the following SDGs.