Strategic Objectives

Tata Steel’s long-term strategy is crafted by integrating its vision, mission, and values with internal and external contexts. This involves future-back thinking, translating into a >10-year Strategy Roadmap, cascading into a 5-year Long-Term Plan, and finally into a 1-year Annual Business Plan.

Strategy Roadmap 2030:
Building blocks for tomorrow

Tata Steel aspires to be structurally, financially, and culturally future-ready to become the most respected and valuable steel company globally. Its four strategic objectives, supported by four strategic enablers, are aligned with the corporate vision and goals and reflect its commitment to ESG principles.

Strategic Objectives S01 Leadership
in India
Focus areas KPIs Goals
Increase capacity of the India operations through organic and inorganic growth Crude steel capacity 35-40 MTPA capacity by 2030 in India
Attain and retain leadership position in chosen segments (current and new) Market share 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 Captive coal (%)
Captive iron ore (%) 		Maintain cost leadership at market price of raw materials
Cost improvement and value enhancement through structural interventions in Indian and international operations and Shikhar25 continuous improvement programmes Value accrual Cost reduction and value enhancement
S03 Attain leadership
position in adjacent
businesses 		New Material Business Services and Solutions Commercial Mining Revenue Increase revenue from adjacent businesses
S04 Leadership in
sustainability 		Benchmark in CO2 emissions CO2 emission intensity
(tCO2/tcs: tonnes of CO2 per tonne of crude steel) 		Net Zero by 2045
Benchmark in specific water consumption Specific freshwater consumption
(m3/tcs: cubic meters per tonne of crude steel) 		<1.5 m3/tcs Specific freshwater consumption by 2030 in India
Value creation using Circular Economy business models Capacity of Steel Recycling Business (SRB)
(MTPA) 		>5 MTPA capacity of SRB by 2030
Value created from the Industrial By-products Management Division (IBMD) business Increase EBITDA of the by-product business by 2.4 times by 2030
(over 2020)
Strategic Enablers
SE
1. Best place to
work in Manufacturing
in India
2. Top 5 in technology
in the steel industry
globally
3. Digital leader in
the steel industry
globally
4. Foster a culture
which makes Tata Steel
future-ready