TATA STEEL - Integrated report & annual accounts 2021-22

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STRATEGIC OBJECTIVES

Strengthening future readiness

At Tata Steel, we aspire to be future-ready structurally, financially, and culturally, in our pursuit to be the most valuable and respected steel company in the world. We have identified four Strategic Objectives (SOs) to create sustainable and profitable growth.

SO1

Leadership in India

SO2

Consolidate position as global cost leader

SO3

Attain leadership position in adjacent businesses

SO4

Leadership in sustainability

Strategic Objectives	Focus areas	Key performance indicators	Goals
S01 Leadership in India	Increase capacity of India operations through organic and inorganic growth Attain and retain leadership in chosen segments (current and new)	Crude steel capacity Market share	40 MnT capacity by 2030 Enter new segments and sustain #1 position in existing chosen segments
S02 Consolidate position as global cost leader	Continue to invest in raw material security Cost improvement and value enhancement through structural interventions and Shikhar25 continuous improvement programmes	Captive coal (%) Captive iron ore (%) Value accrual	Maintain cost leadership at market price of raw materials Cost reduction and value enhancement
S03 Attain leadership position in adjacent businesses	New Materials Business Services and Solutions Commercial mining	Revenues	Enhance revenue from adjacent businesses
S04 Leadership in sustainability	Benchmark in CO₂ emissions Benchmark in specific water consumption Value creation using Circular Economy business models	CO₂ emission intensity: tCO₂/tcs Specific freshwater consumption: m³/tcs Capacity of Steel Recycling Business (SRB): MnTPA Value created from Industrial By-products Management Division (IBMD) business	<1.8 tCO₂/tcs by 2030 <1.5 m³/tcs by 2030 Aim for water neutrality by 2030 >5 MnTPA by 2030 Increase EBITDA of by-product business by 2.4 times by 2030 (over 2020)