This section aims to present a view of the value we create for our stakeholders. Our vision, mission, values, along with our systems, processes and relationships form the very core of our business operations.
Supplier of Choice
While, we supply high-quality steel to
our customers across segments, our
endeavour is to be the supplier of choice
for our products and services, in both
the flat and long segments. We deliver
value to our customers through an
integrated supply chain - from mining of
raw materials, production of crude steel
of various grades, to manufacturing of
customised steel products. The mining
and manufacturing activities are also
focused on cost competitiveness, enabled
in part by efficiency in raw material use
and increased recycling, resulting in
lower specific consumption of materials.
We maintain our competitive position
through differentiating strategies based
on cost-competitiveness, value-added
products and services, technology and
innovation.
Environment Conscious
While we cater to the needs of our
customers, we are cognisant of our
responsibility towards the environment.
We focus on water consumption, CO2
emissions and waste management. Over
the years, we have adopted the best
available technologies and practices
for improvement of our processes. Our
Jamshedpur Steel Works is the national
benchmark in CO2 emission intensity and
specific energy consumption within the
steel sector. Our Kalinganagar plant has
state-of-the-art equipment and facilities
to ensure minimum impact on the
environment.
Sustainable Operations
We have been one of the first companies
in India to undertake a biodiversity
study on our iron ore mines by the
International Union for Conservation of
OUR APPROACH TO
VALUE CREATION
Ferro-Chrome Plant, Gopalpur, Odisha Nature (IUCN). A biodiversity action plan
has already been deployed in line with
the recommendation made by the IUCN
study. Subsequently, biodiversity studies
have been commissioned for all our raw
material locations to ensure that there is
no ecological damage due to our mining
operations. More than 10 lakh trees have
been planted in our areas of operation in
the last three years in order to mitigate
the impact of our mining operations. In
fact, Tata Steel’s Noamundi and Joda East
mines have received a five-star rating from
the Government of India for sustainable
mining.
Impacting Communities
Our growth has been inclusive, with a
focused commitment towards positively
impacting the lives of the communities
in which we operate. In our journey
spanning over a century, we have moved
from being a ‘provider’ to an ‘enabler’ -
with our focus on creating self-sustained
communities. During the year, we
spent close to `194 crore in various
community development activities,
with a thrust on education, livelihood,
health and infrastructure. The activities
have impacted lives of 1.1 million people
living in both urban and rural areas
adjoining our steel plants at Jamshedpur
and Kalinganagar, as well as, our mining
locations across Jharkhand and Odisha.
People Centric
Our prime focus has always been
safety, health and well-being of our
people. We have various initiatives on
learning and development, on-the-job
training, performance management
and succession planning. We also take
adequate steps to ensure that the work
place is diverse and inclusive.
Trusted Investing Partner
We have had long association with our
investors and are privileged to have their
trust and unstinted support. Our constant
endeavour has been to deploy capital
appropriately and generate long-term
sustainable value for them.
Partnering with Government
We maintain healthy relationships with
the Government authorities in places
where we operate, with industry and
professional bodies, our business partners
and the civil society at large. At Tata Steel, we believe in continually
learning and addressing the concerns of
all our stakeholders. We do this through
engagement forums - prioritising our
stakeholders’ top concerns based on the
impact on our business, society, and the
environment. Apart from responding
to their concerns through our various
actions, their inputs also form the basis for
innovation in our products and processes.
Tata Steel’s Noamundi and Joda East mines have received a five-star rating from the Government of India for sustainable mining.
Industrial Training Institute, Tamar, Jharkhand
We have various initiatives for learning and development, on-the-job training, performance management and succession planning.