- Greenhouse Gas Emissions and Climate Change Management
- Circular Economy/ Recycling of By-products
- Water Consumption and Effluent Discharge
- Energy Efficiency/ Energy Management
GR 
WTH
WITH PURPOSE
GR WTH
WITH PURPOSE
At Tata Steel, ‘Growth with Purpose’ embodies our
commitment to responsible growth while creating
an equitable, shared and prosperous future for all.
The steel we make goes into building infrastructure
that drives India’s growth and progress; the way we
make steel contributes to the nation’s commitment to
global sustainable development goals. Aligned with India’s
growth aspirations, we are doubling our steelmaking
capacity over the next decade, while focusing on climate
action, resource efficiency and community development.
Shaping an enduring future
India continues to forge ahead on its path of progress, creating remarkable opportunities for the steel sector. Tata Steel stands as a steadfast partner, committed to fuelling the nation's industrial and infrastructural development.
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Leveraging strengths to deliver value
Tata Steel’s Kalinganagar steel plant is one of the world’s most advanced factories, recognised by the World Economic Forum as a ‘manufacturing lighthouse’. As one of our most value-accretive investments, it forms a key driver of our India growth strategy.
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Pushing the frontiers of innovation
Innovation has always been a driving force for Tata Steel as it continues to push the frontiers of the steel industry
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Promoting gender equality
The metals and mining industry presents many cultural and social challenges in developing a gender-inclusive workforce.
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Forging sustainable steel
Aligned with Tata Steel’s goal of achieving Net Zero emissions by 2045, we have created a bouquet of solutions.
Read more
Performance Snapshot FY2022-23
Demonstrating resilience
Despite a challenging global business environment for the steel industry, Tata Steel had a record-breaking operational performance in India, in FY2022-23. We achieved the highest-ever annual production and deliveries, driven by our strong marketing network and agile business model.
- Tata Steel (India)1
- Tata Steel
(Consolidated)
Production2
(MnT)-
4%
0
-
1%
0
Deliveries
(MnT)-
3%
0
-
2%
0
Turnover
(` crore)-
0.9%
1,0
-
0.2%
2,0
Reported EBITDA
(` crore)-
48%
0
-
49%
0
Adjusted EBITDA/tonne
(`)-
53%
0
-
53%
0
Reported PAT
(` crore)-
61%
0
-
81%
0
2 Production Numbers: Standalone & Tata Steel Long Products –
Crude Steel Production, Europe – Liquid Steel Production; SEA – Saleable Steel
Production
1 Tata Steel (India): Standalone & Tata Steel Long Products
Contribution to UN SDGs
Embracing shared goals for sustainable development
Embracing the global call for holistic development for people and the planet, we, at Tata Steel, have aligned our operations and CSR activities with the United Nation’s Sustainable Development Goals to ensure a better future.
Chairman's Message
Demonstrating strength and resolve
The Company has made substantial progress in its simplification journey and is working on the amalgamation of seven subsidiaries and one associate company into and with Tata Steel.
Read moreBusiness Model
Fuelling progress
Inputs
Financial Capital
Consolidated Net worth – Total Equity (₹ crore) 1,05,175
Consolidated Net debt (₹ crore) 67,810
Manufactured Capital
Region wise Installed capacity - Crude Steel in MnTPA
India 21.6
Europe 12
South East Asia 1.7
Steel Processing Centres and downstream
facilities - Own (Nos)1 40
Intellectual Capital
Patents filed (nos.) 154
R&D spend (₹ crore) 859
Human Capital
Employees on roll (nos.)9 77,000+
Investment in employee training and Development (₹ crore)1 193
Employee training (thousand person-days) 519
Natural Capital
Energy Intensity (GJ/tcs)11
TSL 23.43
TSLP 41.06
TSUK 23.34
TSN 18.82
TSTH 5.06
Specific fresh water consumption (m3/tcs)11
TSL 2.62
TSLP 5.81
TSUK2 9.84
TSN2 5.21
TSTH 1.09
Capital spends on environment, social and governance matters ( ` crore) 3,304
Raw Material consumption (MnT)3 65
Social and Relationship Capital
Total dealers (nos.) 20,478
Total distributors (nos.) 267
Active supplier base (nos.) 12,872
CSR spend (₹ crore) 481
Steel Value Chain
1
Mining
Total materials mined1
44.11 MnT
2
Processed Raw Materials
Raw materials consumed3
65 MnT
3
Iron Making
Production4
30.65 MnT
4
Steel Making
Total deliveries
28.79 MnT
5
Rolling Products
Enriched/value added product sales1
11.96 MnT
6
Processing Centres
Number of SPCs1
40
7
Demand Fulfillment
Customer Satisfaction Index1
(score out of 100)
83.8
Enabling Functions
1
Supply Chain
FG handled3
20 MnTPA
RM handled3
65 MnTPA
2
Human Resources
Employee Productivity1:
(tcs/employee/year)
885
3
Technology
Number of Patents filled:
154
4
By-products
Revenue from by-products sale
`10,328
crore
5
Digitalisation
Cumulative Value Potential created through digital projects1 (FY19 to FY23):
`8,612
crore
FY2022-23
Highlights
30.65 MnT
Production4
28.79 MnT
Deliveries
11.96 MnT
Enriched/value added product sales1
Financial Capital
Turnover (` crore) 2,43,353
EBITDA (` crore) 32,698
Savings through Shikhar25 projects and Transformation Programmes (₹ crore)1 6,309
Manufactured Capital4
Region wise production (MnT)
India 19.88
Europe 9.35
South East Asia 1.2
Intellectual Capital
Patents granted (nos.) 307
New products developed (nos.) 107
Human Capital
Health index (Score out of 16) (nos.)1 13.1
Diversity - % women in the workforce5 8.3
Employee productivity - (tcs/employee/year) (nos.)6
TSL 885
TSLP 722
TSUK 352
TSN 660
TSTH 1,115
Diversity Mix (%)7, 1 18.95
LTI (nos.) 275
LTIFR (Index) 0.57
Workforce covered through formal workforce union(%)8 91
Natural Capital
CO2 emission intensity (tCO2/tcs) 2.21
Stack Dust emission intensity (kg/tcs)11
TSL 0.34
TSLP 1.30
TSUK 0.28
TSN 0.25
Solid waste utilisation (%)10 101.7
Effluent discharge intensity (m3/tcs)11
TSL 0.43
TSLP 0
TSUK2 10.02
TSN2 34.29
TSTH 0
Social and Relationship Capital
Suppliers assessed based on safety (%)
TSL 78
TSUK 100
TSN 67
Customer satisfaction index (Steel) (out of 100)1 83.8
Business associates trained on TCoC (nos.)3 2,300
Supply chain partners assessed on Responsible Supply Chain Policy (nos.)1 211
Lives reached through CSR initiatives (Mn) 3.15+
- Tata Steel Limited
- Data is for Calendar Year 2022
- Data for only Tata Steel Limited including Tata Steel Long Products Limited
- Production numbers for consolidated financials are calculated using crude steel for India, liquid steel for Europe and saleable steel for South East Asia
- Diversity - % women in the workforce is defined as percentage of permanent women employees (officers + non-officers) as per Employee on Roll (EOR) report over total workforce
- Employee productivity is defined as amount of crude steel produced (in tonnes) per employee in the given year.
- Diversity mix (% of individuals who are Affirmative Action (AA)/Women/Persons with Disabilities (PWD)/Lesbian, Gay, Bisexual, Transgender, Queer (LGBTQ+) over EOR)
Abbreviations: TSI - Tata Steel (India), NINL – Neelachal Ispat Nigam Limited, TSLP – Tata Steel Long Products, TSUK – Tata Steel UK Limited, TSN – Tata Steel Nederland BV, TSTH – Tata Steel Thailand, LTI – Lost Time Injuries LTIFR - Lost Time Injury Frequency Rate, TCOC – Tata Code of Conduct, tcs – per tonne of crude steel, SPCs – Steel processing centres.
- For Non-Managerial staff for Indian operations only
- Employees on Roll - No. of permanent employees of Company (officers + non-officers) except those on deputation + doctors on contract
- Waste from last year was utillised this year hence, it is marked above 100%
- Only crude steel making sites
Strategic Objectives
Our building blocks
Strategy Road Map 2030
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. Following are the strategic objectives that Tata Steel aims to achieve across geographies
Strategic Enablers
- SE1
Best place to work for in manufacturing in India
- SE2
Top 5 in technology in steel industry globally
- SE3
Digital leader in steel industry globally
- SE4
Foster a culture which makes Tata Steel future-ready
Our ESG Goals
Driving responsible actions
Our ESG goals serve as the foundation of our sustainability journey as we aim to reduce our carbon footprint, accelerate the adoption of renewable energy, prioritise workplace safety, foster an inclusive culture, and uphold ethical business practices.
Environment
-
Long-term Goal
Net Zero emissions for the Tata Steel Group by 2045.
Climate Change
-
Short-term Goal
Achieve material efficiency of 99% at all Indian steel making sites by 2025
-
Long-term Goal
- Sustain material efficiency at 100% at all Indian steel making sites by 2030
- Increase Tata Steel’s Industrial By-product Management Division’s EBITDA by 2.4 times over FY2019-20 by 2030
- Build a 5 MnTPA recycling business in steel and other business in India by 2030
Circular Economy
-
Short-term Goal
Achieve specific dust emission intensity of 0.43kg per tonne of crude steel in India by 2025
-
Long-term Goal
Achieve benchmark status specific dust emission intensity in India by 2030
Dust Emission
-
Short-term Goal
Cover 100% sites under Biodiversity Management Plans across India, UK and Netherlands by 2025
-
Long-term Goal
Strive for no net loss of biodiversity in designated areas of influence in India by 2030
Biodiversity
-
Short-term Goal
Cover 100% of steel making and downstream sites under Life Cycle Assessment in India by 2025
-
Long-term Goal
Disclose environment performance of 100% of products in India by 2030
Product Sustainability
-
Short-term Goal
Achieve specific freshwater consumption of 2.0m3/tcs across all steel making sites in India by 2025
-
Long-term Goal
Achieve specific freshwater consumption of <1.5 m3 per tonne of crude steel across all sites in India by 2030
Water
Social
-
Short-term goal
Achieve 25% diversity in workforce for Tata Steel Limited by 2025
-
Long-term Goal
- Increase diversity in job with persons from non-western background to 14% for Tata Steel Nederland by 2027
- Women in vocational technical positions to grow to 5% for Tata Steel Nederland by 2027
- Women in decision-making positions to increase to at least 30% for Tata Steel Nederland by 2027
- Tata Steel UK to aim to have 25% women employed across the business
Workforce Diversity
and Inclusion
-
Long-term goal
Achieve zero harm for Tata Steel Limited by 2030
Safety
-
Long-term goal
Reach >10 million lives per annum through Corporate Social Responsibility initiatives by 2030
Local Community
Development
Governance
-
Short-term goal
Coverage of 100% critical supply chain partners for Environment, Social and Governance risk assessment for Tata Steel Limited by 2027
-
Long-term goal
Integrate Environment, Social and Governance performance of critical supply chain partners in procurement decision-making for Tata Steel Limited (Assessment & coverage in line with Responsible Steel guidance) by 2030
Supply Chain
-
Short-term goal
Achieve ‘Certified Site’ certification for all existing steel making sites in India by 2025
-
Long-term goal
Achieve ‘Certified steel’ certification for all sites in India by 2030
ResponsibleSteel
Certification
-
Long-term goal
Be amongst top 5 in technology in steel industry globally by 2030
R&D and
Technology
Opportunities
Growth catalysts for future
With increasing infrastructure development, growing urbanisation and a drive towards sustainable solutions, the steel industry is poised to unlock significant opportunities, creating a favourable outlook for the sector.
Read MoreRisk Management
Safeguarding our future growth
At Tata Steel, we have deployed a structured and uniform Enterprise Risk Management framework to proactively identify, assess, monitor and mitigate risks across the Company. This framework is essential in driving business resilience in a VUCA (Volatile, Uncertain, Complex, Ambiguous) world.
Read MoreStakeholder Engagement
Aligning aspirations with business goals
Our stakeholders define us, shape our journey, and guide our purpose. Their insights navigate challenges, uncover opportunities, and build an inclusive, sustainable future.
Investors and Lenders
Providers of financial capital, essential to fund growth and transition to a sustainable steel company
Read More
Employees
Key to the success of our business; their efforts are instrumental in delivering our strategies and for sustained business growth
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Customers
Provide us an opportunity to build long-term mutually beneficial collaborative relationships which ensure that Tata Steel attains and retains market leadership in chosen segments (current and new)
Read More
Vendor Partners
Provide us operational leverage to optimise value chain, be cost competitive, sustainable and exceed customer expectations
Read More
Media
Reaching out to the society and various stakeholders to communicate the brand’s vision and initiatives and drive corporate equity
Read More
Government & Regulatory Bodies
Ensuring compliance and business continuity in line with changing policies and to partner with agencies to create positive business ecosystem
Read More
Industry Bodies
Industry bodies are important to develop networks and enable consensus building to present a unified and mutually agreeable perspective to the government on various policy interventions
Read MoreMateriality
Prioritising issues key to value creation
At Tata Steel, we make concerted efforts to prioritise the concerns of our key stakeholders. We use the Materiality Assessment approach to engage with all our stakeholder groups, in order to understand their key issues and focus areas.
Based on the independent analysis, the following high priority Material Issues have been identified from the set of material topic listed for Tata Steel on a consolidated basis:
Environmental
Operational
- Occupational Health and Safety
- Air Pollution/Air Quality Management
- Biodiversity
- Research and Development/ Technology, Product and Process Innovation
Social
- Supply Chain Sustainability
- Employee Well-being and Development
- Community Support and Corporate Social Responsibility (CSR)/ Building Thriving Communities
Governance
- Corporate Governance
- Business Ethics, Integrity and Transparency
- Stakeholder Engagement
- Risk Management
Our Capitals
Financial Capital
At Tata Steel, we are consistently driving optimal capital allocation to drive long-term sustainable returns for our stakeholders.
₹21,683 crore
Cash generated from
operations
₹67,810 crore
Net debt
Manufactured Capital
Aligned with our growth aspiration, we are continuously expanding crude steel capacity, both organically and inorganically.
35 MnTPA
Steel making capacity
(consolidated)
30.65 MnT
FY2022-23 Production
(consolidated)
Intellectual Capital
Our intellectual capital encompasses our wealth of knowledge, expertise, patents and technological advancements, driving innovation, operational efficiency and creating the organisation fit for the future in a sustainable way.
₹859 crore
R&D spend
107
New products developed
Human Capital
Our skilled employees, their expertise, and dedication are vital for achieving operational efficiency, innovation, and sustainable growth. We strive to nurture and empower our people competence to strengthen our competitive advantage and foster a culture of excellence.
18.95%
Diversity mix
(Tata Steel Limited)
100+
Transgender Talent
Natural Capital
Our manufacturing process is reliant on various natural resources and also has its own impact on the environment. We are continuously balancing sustainable practices and resource efficiency to preserve precious resources and minimise our ecological footprint.
#3
Worldwide Rank of the
IJmuiden steelworks of Tata
Steel Nederland in the 2022
CO2 intensity benchmark
2.21 tCO2
Greenhouse gas emission
intensity per tonne of
crude steel
Social and Relationship Capital
Our unwavering focus on fostering long-term connections with customers, suppliers, and communities lies at the heart of our business sustainability and forms an integral part of our core strategy.
83.8*
Customer
satisfaction index
3.15 mn+*
Lives impacted
through CSR activities
Awards
Recognised for
success
World Economic Forum
Jamshedpur Steel Plant recognised as the Advanced 4th Industrial Revolution Lighthouse.
worldsteel
Recognised by worldsteel as 2023 Steel Sustainability Champion for the 6th consecutive year; among the only two steel companies in the world to receive this recognition every year since the programme’s launch in 2018
ResponsibleSteelTM
Jamshedpur Plant is India’s first site to receive ResponsibleSteel certification.
CDP
Recognised as 2022 ‘Supplier Engagement Leader’ for its efforts in measuring and reducing environmental risks across its supply chain.
Indian Bureau of Mines (IBM)
Noamundi and Joda East Iron Mines have been accorded a 5-Star rating for sustainable development for the year 2021-22.
Randstad Employer Brand Research (REBR)
Recognised among India’s top 10 most attractive employer brands in India 2022
