Page 107 - Tata_Chemicals_yearly-reports-2021-22

01 INTEGRATED 73 STATUTORY 178 FINANCIAL
REPORTS
REPORT
STATEMENTS
Management Discussion
& Analysis
Europe and China. The average food grain yield was 2.99 MT with the Government to enhance adoption of high quality
per hectare in India against the global average of 3.97 MT per hybrid seeds. This will support in making Indian agriculture
hectare. more competitive.

India is among the 15 leading exporters of agricultural d. Entity-wise Performance
products in the world. Even during the current crisis in
Europe, the world is looking at India for supplies of wheat TCL India (Standalone)
and other food grains. The agricultural and allied sector i. Operations
exports have grown by 19.9% in FY 2021-22 to achieve a new Sales trend of Basic Chemistry Products is as follows:
milestone of crossing US$ 50 billion.
TCL India - Basic Chemistry Products Sales Volume
Agrochemicals in ‘000 MT
With the need for increasing crop yields, demand for crop
protection chemicals is increasing. India’s crop protection 1,214 1,251
chemicals market is projected to grow by 4.2% CAGR during 1,057
2020-25. Indian Agriculture is faced with the challenge of
losses caused by pest attacks. About 20% of crop production is 634 621 678
lost each year due to insects, weeds and diseases. Despite this,
India’s crop protection usage is one of the lowest worldwide.
Indian Agrochemicals usage pattern
109 107 120
4%
FY 2019-20 FY 2020-21 FY 2021-22
18%
Soda Ash Sodium Bicarbonate Salt
55% Soda ash volumes as well as realisations improved
during FY 2021-22 resulting in increase in revenues
and EBITDA over FY 2020-21. Higher than expected
23%
demand coupled with supply constraints and a
pressure of increased input and energy cost led to
increased pricing. On the manufacturing side, solar
salt production was affected due to brine dilution
Insecticides Herbicides Fungicides Others
owing to extended rains and flooding. Proactive
Per capita consumption of pesticides in India is 0.6 kg/ planning, strong customer relationships, robust
ha, compared to the world average of 3 kg/ha. Use of bio- processes and product configuration changes helped
pesticides is increasing in India as they affect only the to overcome these challenges. Strict cost control
target pest. The Government has adopted Integrated Pest measures and rapid digitisation helped mitigate some
Management Practices (IPM) with emphasis on the use of of these pressures.
bio-pesticides. TCL India is the largest manufacturer of edible iodised
salt in the country. The Company recorded its highest
Seeds
ever sale of salt at 12.51 lakh tonnes during the year,
The organised seed market is estimated at ` 16,000 crore, an increase from 12.14 lakh tonnes in FY 2020-21.
led by hybridisation in crops like Cotton, Vegetables, Paddy The Company is investing to increase its salt
and Corn. Cotton remains the only approved genetic production capacity to meet growing demand of its
modification (GM) crop in India. Industry is working closely key customer, Tata Consumer Products Limited (‘TCPL’).

The Company recorded its highest ever sale of salt at 12.51 lakh tonnes during FY 2021-22

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