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01   INTEGRATED      73  STATUTORY      178  FINANCIAL
 Integrated Annual Report 2021-22  REPORT  REPORTS        STATEMENTS
                  MD & CEO’s Message


 Awards and Recognitions  MD & CEO’s Message








            Dear Shareholders,
            I hope that you and your families are safe   and we are planning to expand capacity.   stakeholders including employees, value
            and well. We have been through two   Prebiotics and Formulations, developed   chain partners and communities.
            years of challenging times posed by the   on a sustainable fermentation platform,
            pandemic. The impact continues to be   also improved its capacity utilisation. The   Outlook
            felt with supply chain disruptions and   performance of our subsidiary Rallis was   The Global economic outlook is cautiously
 Our Chairman, Mr. N. Chandrasekaran,   sharp increase in energy, logistics and   affected by raw material supply constraints.
 was conferred the Padma Bhushan, one   other input costs. The collective efforts   optimistic due to the headwinds of rising
                                                                               inflation, supply chain disruptions and
 of India's highest civilian awards, in the   by the medical fraternity, governments   Driving Resilient Growth –    increased energy prices caused by geo-
 field of Trade and Industry.  and various organisations has enabled   Green Chemistry  politics. The Indian economy is expected
            the return to normalcy even as we remain   Resilience is key to the Company’s   to remain one of the fastest growing
            vigilant. As a result, FY 2021-22 witnessed   sustenance and growth. Tata Chemicals   economies in FY 2022-23.
            faster than expected demand recovery.   has adopted three principles of
            Global and Indian economies recovered   organisational resilience: Sustainability,   Tata Chemicals is well positioned to
            with the growth of 6.1% and 8.2%   Agility and Responsibility.     continue its growth journey in FY 2022-23.
            respectively in FY 2021-22.                                        Green Chemistry and Green applications
                                              Sustainability is at the very core of   will continue to be at the heart of our
            At Tata Chemicals, we stepped up our   resilience. In this regard, we are aligning   growth. Soda Ash is expected to remain
            efforts to make our businesses resilient.                          on a growth path in India and around
 ‘Product Innovator   Awarded for ESG   We were able to cushion the impact of   our businesses along the core principles    the world with increase in demand for
 of the Year Award’ at   Performance in       of Green Chemistry. Our business
 1  FICCI Chemicals and   2  the Manufacturing   high energy prices and supply chain   operations will comply with the   solar glass and lithium carbonate. Green
                                                                               Chemistry based specialty Silica and
            bottlenecks and were able to meet the
 Petrochemicals    category at Dun &   pent-up demand across geographies. As   sustainability vectors of Climate Change   Prebiotics will continue to draw
 Awards 2021  Bradstreet Award  a result, we delivered good performance,   Actions, Circular Economy and Biodiversity.   customer franchise. Specialty silica is
                                              We have committed to reduce our carbon
            with the Company achieving consolidated   footprint as per the SBTi guidelines. Our   an essential ingredient for the green
            revenue of C 12,622 Crore, an increase of   Carbon Capture and Utilization (CCU)    labelling of tyres and Fermentation
            24% over FY 2020-21, EBITDA of C 2,305                             technology-based Prebiotics are replacing
 '5-star Rated Mines'   ‘Heritage Company of   Crore, an increase of 54% over FY 2020-21.   unit in UK is now fully operational.    synthetic ingredients in food, feed and
 certification to Aniali   India’ and ‘Excellence in   Our specialty product platforms of    pharma sectors.
 3  Limestone Mines at the   4  CSR’ Awards at FICCI’s   Our Basic Chemistry portfolio, led by Soda   Silica and Fermentation technology
                                              are further examples of transition to
 5th National Mineral   India @75: Chemical   Ash grew by 28% on the back of robust   Green Chemistries.  On behalf of our entire team, I want
 conclave, by Shri Pralhad   and Petrochemical   demand recovery across geographies   to thank all our shareholders for their
 Joshi, Minister of Mines  Industry Awards 2021  and application sectors especially solar   There is a continued thrust to make the   continued guidance and support on
            glass, lithium carbonate and sustainable   organisation agile, customer-centric,   our exciting journey ahead as a
            packaging. India emerged as one of the   service-oriented and data-driven.   focussed science-based green chemistry
 Awarded in circular   fastest growth markets globally and is   This enables us to create safer and   solutions enterprise.
 Ranked amongst India’s   economy and carbon   expected to remain so in FY 2022-23. US   resilient operations.
 top 25 Most Innovative   exports recovered well in FY 2021-22.                Warm regards,
 5  Companies in 2021 by   6  neutrality innovations   Other key products, Sodium Bicarbonate   Further, as a responsible organisation, we
 th
 Confederation of    category at the 15    and Salt also witnessed stable demand.  continue to work towards empowering   R. Mukundan
                                                                               Managing Director & CEO
 International Quality
 Indian Industry (CII)                        communities near our operations by
 Innovation Awards 2021  The Specialty Products revenue grew   creating livelihoods, promoting health,
            by 45% in FY 2021-22. Specialty Silica,   wellness and education, providing
            developed on a proprietary technology,   drinking water and social inclusion. We
            gained significant customer traction   ensured sustained engagement with all


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