ABOUT US

Advancing with a solid identity

With an annual capacity of one million tonne (MnTPA), Tata Steel Long Products (TSLP) is one of the largest specialty steel manufacturers in the Special Bar Quality (SBQ) segment and among India’s largest merchant Direct Reduced Iron (DRI) producers.

We manufacture high-alloy, value-added steel for diverse industrial use, including automotive, construction and infrastructure, general engineering, railways and agriculture segments.

VISION, MISSION AND VALUES

New frontiers to explore

  • Vision
  • Mission
  • Values

Vision

Vision

Be a benchmark in the Indian Long Product Industry for value creation and corporate citizenship.

Mission

Mission

Tata Steel Long Products strives to attain sustainable growth by actively pursuing quality products, services and setting best-in-class practices to emerge as the partner of choice for all our stakeholders.

Values

Values

We are driven by our five core values

Stronger today. Steeling tomorrow.

FY 2020-21 saw us reach the finish line of our historic transformation marathon and script an exciting story of strength and resilience. From being a Direct Reduced Iron (DRI) manufacturer to a high-end specialty steel player, we have come a long way and crossed many milestones with deeper synergies with our Parent Company, Tata Steel.

Core competencies

Strategically located

We are the only special steel player in India with captive iron ore mines near our production locations

Wide product range

We offer an extensive product portfolio

Synergies with Tata Steel

We leverage our parent company Tata Steel’s steel making expertise and strong value chains in the automotive and engineering space

Among the lowest-cost producers

Our operational excellence has enabled us to grow as one of the lowest-cost producers of DRI

Cost-based flexibility to choose raw materials

We enjoy manufacturing flexibility to produce steel through hot metal, DRI or scrap route depending on financial viability

Approvals from major commercial vehicle OEMs

We possess approvals from all major Original Equipment Manufacturers (OEMs) in the commercial vehicle space

Efficient logistics and supply chain management

Our three-track railway siding enables us to handle 150+ wagons per day, ensuring seamless logistics and supply chain management

Captive power generation

We enjoy 160 MW power cogeneration capacity that we use and sell

Engaged workforce

Our competent, motivated, and engaged team executes our strategies, and we have among the lowest attrition in the industry

Deep community bonds

Over the years, we have earned the trust of the communities where we operate and continue to take into cognisance their aspirations and needs to build a shared pathway for value creation

CHAIRMAN’S MESSAGE

Building a sustainable future

Dear Shareholders,

As we continue to navigate the unprecedented challenges posed by the pandemic, I hope you are safe and healthy along with your family. I would like to take this opportunity to thank each one of you for having faith and confidence in the Company.

T. V. Narendran
Chairman

BOARD OF DIRECTORS

Embedding transparency and accountability

LEADERSHIP TEAM

Driving responsible growth

Highlights of FY 2020-21

Outstanding performance amid headwinds

Total revenue from operations
`4,750 crore

Y-O-Y GROWTH

36%
EBITDA
`1,154 crore

Y-O-Y GROWTH

528%
EBITDA margin
24 %

Y-O-Y GROWTH

361%
PAT
`572 crore

Y-O-Y GROWTH

211%
Net worth
`2,594 crore

Y-O-Y GROWTH

29%
Gross block
`4,751 crore

Y-O-Y GROWTH

1%
EBITDA per ton
`18,059

Y-O-Y GROWTH

402%
Crude steel production
648 kT

Y-O-Y GROWTH

11%
PAT
`572 crore

Y-O-Y GROWTH

211%
DRI production
797 kT

Y-O-Y GROWTH

4%
New products developed
50
CO2 emissions
4.29 tCO2/tcs
Specific water consumption
7.53 m3/tcs
Dust emissions intensity
1.81 kg/tcs
Water recycled
100%
Solid waste utilisation
100%
Trees planted
2,421
CSR beneficiaries
51,000+
Beneficiaries of COVID-19 relief programmes including establishing micro enterprises
~12,000
Number of Independent Directors (out of 10)
5
Average attendance in Board meetings
100%
Committees headed by Independent Directors
6
Number of women Directors
2

Product suite

BUSINESS MODEL

Broad canvas of value creation

We leverage our integrated value chains through the adoption of technologies and processes that convert our raw materials into high-value offerings. Our approach is to deliver industry-leading value to our customers, investors, employees, communities, and other stakeholders.

Financial capital

inputs

Equity capital

`45.10 crore

Reserves

`2,548.79 crore

Net debt

`1,141.59 crore

Value creation approach

Vision

Be a benchmark in the Indian Long Product Industry for value creation and corporate citizenship.

Output

Revenues

`4,750 crore

EBITDA

`1,154 crore

PAT

`3,261 crore

Earnings per share (EPS)

`126.82

Manufactured capital

inputs

State-of-the-art manufacturing units:

Gamharia, Joda & Barajamda

Crude steel capacity:

1 MnTPA

DRI

1 MnTPA

Iron ore mines

2.5 MnTPA ROM

Value creation approach

Vision

Be a benchmark in the Indian Long Product Industry for value creation and corporate citizenship.

Output

EBITDA per tonne

`18,059/tcs

Highest ever crude steel production Highest ever DRI production

Intellectual capital

inputs

Product differentiated value-proposition is dependent on our efforts of product innovation and related research Collaboration with M/s TSL Technology Group (TG) and R&D

Value creation approach

Vision

Be a benchmark in the Indian Long Product Industry for value creation and corporate citizenship.

Output

New products developed

50

Cost savings

`7,000/tcs over FY 2019-20

Impact centres launched

9

Human capital

inputs

Total workforce

`7,729*

Investment in employee training and development

`1.87 crore

Employee training

person days/employee – 6.68 days/employees

Investment in employee training and development

2,268 (On Roll)

Skilled manpower

92.7 %

*(Including contract workers)

Employees trained

Vision

Be a benchmark in the Indian Long Product Industry for value creation and corporate citizenship.

Output

Fatalities

1

Health index

11.32 out of 16

Employee productivity

531 tonnes of Steel and DRI per employee per year

inputs

Pan-India sales offices

Application engineers

Customer service teams

Value creation approach

Vision

Be a benchmark in the Indian Long Product Industry for value creation and corporate citizenship.

Output

Enriched/value-added products sales

Repeat customers

Lives touched through CSR initiatives

Natural capital

inputs

Energy intensity

5.2 Giga Cal/T

Specific water consumption

7.53 m3/tcs

Key raw materials

Iron ore, Coal, Limestone, Dolomite, Quartzite and Pyroxinite

Trees planted

8,500+

Capital spend on environment

`13.67 crore

Liquid discharge

Zero

Value creation approach

Vision

Be a benchmark in the Indian Long Product Industry for value creation and corporate citizenship.

Output

CO2 emission intensity

4.29 tCO2/tcs / 1.75 tCO2/tDRI

Solid waste utilisation

100% / 96%

Dust emission intensity

1.81 kg/tcs / 0.30 kg/tDRI*
Manufacturing process
STRATEGY PLANNING

Our strategy playbook is well integrated

Our elaborate strategic planning framework enables us to analyse the external and internal operating landscapes to map potential risks and opportunities.

Integrated framework used for Strategy development and deployment at TSLP

PROGRESS ON STRATEGIC PRIORITIES

The journey on the long-term strategy has begun

We aim at setting an industry benchmark in speciality steel to become the most preferred supplier in this market segment.

Emphasis on quality control process

Technology

Parallelly, a detailed benchmarking study was done against the leading domestic and international companies to design a suitable technology roadmap.

Prioritising customer needs

Customer centricity

We have identified focused action plans based on the customer experience and satisfaction survey carried out by an independent agency to become no.1 in Customer Satisfaction Index (CSI).

OPPORTUNITY LANDSCAPE

Well poised for sustained progress

As the Indian economy steadily recovers from the pandemic, ongoing reform
measures and forward-looking policies such as ‘Aatmanirbhar Bharat’ have the
potential of boosting the growth trajectory.

Key opportunities

Capitalise on the growth potential of the large, growing Indian market, backed by government initiatives

Address evolving needs of consumers and the increased focus on ‘Services & Solutions’ to enhance convenience

Take on a leadership role in sustainability by adopting circular economy model, cleaner steel-making routes, and other sustainable options

Leveraging the digital wave to simplify and transform business models

STAKEHOLDER ENGAGEMENT

Encouraging engagement to gain insights

Investors

Employees

Customers

Suppliers

Community

Government

MATERIALITY

Addressing issues that matter the most

Economic

Environment

Social

Governance

Capital-wise Performance

Financial capital

Reporting a resolute performance

We have scripted an exciting turnaround story by accomplishing growth across key financial parameters, driven by robust operational performance. We have strengthened our balance sheet through unwavering focus on working capital cycle and stable cashflow.

SDGs impacted

Manufactured capital

Strengthening cost and quality leadership

We consistently invest in achieving operational excellence by strengthening our operations through a seamless supply chain, enhancing efficiency, optimising raw material mix, and reducing wastage.

SDGs impacted

Intellectual capital

Growing our core knowledge base

Our strength rests on the key pillars of knowledge and insight. Innovation across a wide range of products and processes is a continuous journey for us.

SDGs impacted

Human capital

Empowering teams to achieve more

We value our people and their contributions. In line with this, we foster their personal and professional growth, while developing our future leadership pipeline.

SDGs impacted

Social and relationship capital

Helping build happier communities

Community care is integral to the values that underpin our group’s businesses. We, at TSLP, imbibe and energise this principle with focused need-based CSR programmes.

SDGs impacted

Natural capital

Committed to environmental care

Environmental degradation and climate change have been identified as one of the foremost challenges of the 21st century by The Global Risk Report of the World Economic Forum.

SDGs impacted

GOVERNANCE

Delivering with high governance standards

As a value-focussed organisation, we follow globally benchmarked governance practices and highest standards of safety, integrity and ethics.


Board diversity and commitments

50%

Equity capital

20%

Woman Directors

100%

Board Attendance

Compliance

We adhere to the strict compliance of all applicable laws, codes of conduct or internal regulations.

Corporate ethics

The Ethical behaviour is the core to the way we conduct our business. We comply with all regulatory laws and corporate governance guidelines and adopt the global best practices.

Measurement of effectiveness

The effectiveness of the ethics programme is measured by the number of concerns, reported, poll surveys, MBE survey, benchmarking exercises and internal MBE assessments.

Communication and training

For reinforcing TCoC and the policies related to it, a multi-year training and communication programme has been implemented.

Sustainability

We have instilled the vision of the Founder by integrating responsibility towards planet Earth in our operations, ensuring the health and safety of people at our workplaces, balancing

AWARDS AND RECOGNITIONS

Honoured to be recognised

TSLP has been conferred with the National Energy Conservation Award (first position) for the year 2020, in appreciation of its commendable achievements in the area of energy conservation, specific to the secondary steel sector.

Awarded patent on 'Heat Resistant Paint Composition'

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