Corporate Profile

Evolving through transformation

Tata Metaliks Limited (TML) is a subsidiary of Tata Steel. We are among India’s leading producers of superior quality Pig Iron (PI) and Ductile Iron Pipe (DIP), with best-in-class operational parameters and serving customers worldwide.

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‘e’ Energy efficient

‘Fe’ Iron

‘e’ Environment-friendly

‘Duct’ Ductile Iron

‘Ura’ Ventura, which means happiness and contentment

Business Model

Platform for a future-ready business

Financial capital

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Inputs

Net Worth

`1,300 crore

Net debt

`118 crore

Output

Turnover

`1,917 crore

EBITDA

`397 crore

PAT

`220 crore

Return on Net Worth

20%

Dividend

`4 per equity share

Market capitalisation

`2,571 crore

(as on March 31, 2021)

Manufactured capital

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Inputs

HM capacity

6.00 LTPA

DIP capacity

2.55 LTPA

Captive power generation capacity

(CPP 1, 2, 3): 16.76MW

Output

HM production

4.66 LT

PI production

2.83 LT

DIP production

1.87 LT

Captive power generated

1,24,474 MWh

Intellectual capital

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Inputs

Capex on digitalisation/ automation

`3.62 crore

% of employees on improvement projects

89%

Output

No. of improvement projects

102

No. of kaizens

383

Savings from improvement projects

`102 crore

Human capital

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Inputs

Employees on roll

1,263

Investment in employee training and development

`53 lakh

Safety training person hours

24,656

Output

Fatalities:

0

LTIFR:

0

Training effectiveness

4.60 (on 5)

Health index

14 (on 16)

Diversity %women in workforce (permanent)

2.51%

%AA in workforce

13%

Natural capital

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Inputs

PI

17.78 GJ/THM

Water consumption/day

3,157 m3

Output

Water recycled/ day

2,450 m3/ day

Materials recycled back into process

98%

Carbon emission intensity

PI: 1.87 t CO2e/t of Hot Metal

Social and relationship capital

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Inputs

Supplier base

1,402

Technical services provided

46

Customer service processes

7

CSR spend:

`422.40 lakh

Output

Vendor satisfaction score

6.32 (on 7)

CSI

PI 95.4, DI 93.5

CSR Outreach

24,000 +

CSR outreach

24,000+

COVID support

`1.50 crore (budget committed)

EV Hours

4,289

Operating Environment

Adapting to changing winds

The global business environment is rapidly evolving. The onset of the pandemic has accelerated digitalisation and a growing focus on environmental, social and governance measures for businesses has been observed globally. We are closely monitoring the evolving realities and adapting to the new normal with agility to stay relevant and competitive in the market.

ONGOING COVID CRISIS AND ITS EMERGING DIMENSIONS

DIGITAL FORCING A PARADIGM SHIFT IN STEEL AND METAL INDUSTRY

INDIA’S RENEWED FOCUS ON WATER INFRASTRUCTURE

LOW DEMAND OF PI FROM FOUNDRIES

REGULATORY COMPLIANCE FOR EMISSION CONTROL

Stakeholder Engagement

Fostering sustainable
partnerships

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Customers

Community

Employees

Suppliers/ partners

Investors

Government

Materiality

Insights that aid
value creation

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Economic

Environment

Social

Governance

Chairman’s Message

Growth through value addition

Dear Shareholders,

I hope this letter finds you safe and in good health. It gives me immense pleasure to present to you the 4th Integrated Report and Annual Accounts of your Company for the financial year ended March 31, 2021.

Koushik Chatterjee

Chairman

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Responding to COVID-19

Extending support to our stakeholders

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With society and business impacted by the disruptions caused by the pandemic, we took proactive measures to extend support to our stakeholders while effectively managing our business. We facilitated work-from-home a week before the nationwide lockdown to safeguard our employees. We further implemented necessary protocols and undertook measures to go beyond the guidelines and ensure safety.

`1.50 crore

Budget Allocation for COVID-19 Relief


As on March 31, 2021

354 (Employees: 201; contract labour: 153)

Total positive cases

31 (Employees: 22; contract labour: 9)

Total hospitalised cases

1 Employee

Deceased

10,031 (Employees: 2,408; contract labour: 7,623)

Total tested

Performance Indicators

Resilience to headwinds

  • Financial indicators
  • Environment indicators
  • Social indicators
  • Governance indicators

Financial indicators

Turnover (`Crore)

7% y-o-y

EBITDA (`Crore)

32% y-o-y

EBITDA margin (%)

42% y-o-y

Environment indicators

Materials recycled back into process (%)

1% y-o-y

Water recycled (m3/ day)

2% y-o-y

Total carbon emissions (LTCO2e)

19% y-o-y

Social indicators

Employee training (hours)

62% y-o-y

Amount contributed for CSR (` in lakh)

2% y-o-y

95.4

Customer Satisfaction Index (PI)

93.5

Customer satisfaction index (DIP)

Governance indicators

25%

Board diversity

144 nos.

Ethics training hours

100%

Investor complaints resolved during the year

Strategic Review

Purpose-led strategy

Our six strategic pillars are driven by our corporate philosophy.These six strategic pillars
are built around our business priorities and reflect the integrated thinking of the Company.

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Innovate and Excel

Progressing through sustainable innovation

Innovate and Excel is one of the six strategic pillars and a systematic approach follows to identify key areas targeting product and process innovation, process and service enhancements deployed by planned interventions.

Employees involved in improvement projects (%)

89%

Kaizens (nos.)

383

Improvement projects (nos.)

102

Savings from improvement projects (` in crore)

102

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Cost Leadership

Excellence through cost optimisation

We judiciously use our resources to be the lowest-cost producer of PI and DIP and achieve operational excellence. We are leveraging the power of digitalisation and automation to chalk out our cost optimisation strategy.

Reduction in net fuel rate
y-o-y

>5%

Higher oxygen enrichment
y-o-y

>72%

Increase in PCI usage/THM
y-o-y

>70%

Reduction in conversion cost since FY 2016-17

48%

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Supplier of Choice

Fortifying our customer centricity

Over the years, we have built a product portfolio that is respected for its superior quality. This is backed by our superior service commitment, resulting in enhanced customer loyalty.

Customer satisfaction index (PI)

95.4

Customer satisfaction index (DIP)

93.5

PI complaints (per LT)

0.6

DIP complaints (per LT)

7

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Robust People Practice

Fostering a culture of safety, diversity, and performance

We believe in developing and nurturing a performance-driven and engaged workforce with a digital mindset, which has become imperative for businesses to deal with evolving organisational challenges.

Safety training (hours)

24,656

Lost-Time Injury Frequency Rate (LTIFR) trend

0

Near-miss cases

1,970

Employee productivity in PI

1,235

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Responsible Corporate Citizenship

For people and the planet

At Tata Metaliks, we remain committed to make the planet a better place by contributing to the holistic growth of the community.

Energy consumption intensity in PI division (GJ/THM)

17.78

Energy consumption intensity in DIP division (GJ/TFP)

2.28

Carbon emissions intensity in PI division (tCO2 e/THM)

1.73

Carbon emissions intensity in DIP division (tCO2 e/TFP)

0.61

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Focus on Downstream/Value add

Widening our scope

The potential of water infrastructure in India underpins our strategy to move up the value chain and enter the DI Pipe business. We are currently building our capabilities through our brownfield expansion, which is expected to double our capacity once commissioned.

Project engineering completed

~90%

Civil work completed

~48%

Project cost committed financially

~79%

Structural construction completed

~57%

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Governance

Built on Ethics and driven by transparency

At Tata Metaliks, governance stands for responsible and transparent management, and a robust control aligned with our objective of creating long-term value for our stakeholders.

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Corporate governance

At Tata Metaliks, corporate governance extends beyond the principles of transparency, accountability and sustainability.

Ethics

The leadership of the Company remains committed to ensuring that ethical business practices are followed in letter and spirit.

Compliance

The Management remains committed to ensure full compliance. Accordingly, compliance is rightfully a ‘very high importance’ material issue.

Risk management

We have designed a robust and comprehensive risk management forming integral part of our governance process.

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Awards and Recognitions

“Best Governed Company ” in the Listed Segment, Medium Category by Institute of Company Secretaries of India (ICSI) at the ICSI National Awards for Excellence in Corporate Governance.

Declared in the league of “Industry Leader” within the Tata Group at the Tata Business Excellence Model (TBEM) Assessment

4.5 Star Award
at the 13th CII Energy Conservation Award (ENCON) 2020 in the large-scale category

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Integrated report

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Statutory Reports

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Assurance statement

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Financial Statements

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Notice

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