Page 28 - Tata_Chemicals_yearly-reports-2019-20

Failure / Delay in achieving Mitigation
business transformation Enter into new product lines which complement existing products and provides
objective new markets
Identify products having export potential to expand market reach

Explore greenfield and inorganic routes to expand footprint
Linkage to Capital
Manufactured capital

Operational risks

Loss of data & compromised Mitigation
operations resulting from Regular security compliance checks, taken by the Management to address
cyber attacks periodic third-party assessment, using Cyber Security Risks is periodically
robust threat monitoring systems, reviewed by the risk management
cyber insurance policy, regular patch committee of the Board
management, cyber security awareness Additional monitoring measures
programme, Benchmarking to ISO including regular reviewing of logs,
27001 (global standard for Information access of key applications and systems
Security Management System) and through encrypted VPNs to have
upgrading the ISMS policies covering enhanced cyber security during “work
all entities within TCL
from home” for connected workforce
Cyber security war room exercises for and facilitating ease of conducting
Linkage to Capital senior leadership team, cyber security business in the current unprecedented
Manufactured capital training across plants and offices. Steps scenario

Loss of market leadership Mitigation
and failure to scale up Continuing focus on cost leadership Creating a portfolio of value-added
volumes Scaling capacity both in India and products by focussing on converting
Internationally through brown field customer needs into products through
expansion and debottlenecking R&D and innovation
Linkage to Capital Servicing Indian market through cost
Manufactured capital efficient supply chain

Financial risks

Disciplined capital allocation and cost Mitigation
effective financing structure inability to Continuous monitoring of cash flows Considering the current situation,
secure sufficient, cost effective funding with focus on the safety & liquidity of conserving cash through host of new
the investments initiatives including further focus and
Rigorous capital investment balanced efforts towards containment
programme, focussing on adding of fixed cost across plant and non-plant
Linkage to Capital economic value and improving ROCE activities, working capital management
Financial capital Proactive use of the capital and debt
markets

26 I INTEGRATED ANNUAL REPORT 2019-20