Page 71 - Tata_Chemicals_yearly-reports-2021-22

01 INTEGRATED 73 STATUTORY 178 FINANCIAL
Integrated Annual Report 2021-22 REPORT REPORTS STATEMENTS
Specialty Products

Competitive Advantage Key expansion projects
Rallis ramps up to
global demand 75% 20 KL

Considering the regulatory Expansion in capacity of key herbicides of liquid formulation and
timeline for registering pipeline Pendimethalin and Metribuzin,
Well-entrenched position in Innovative and sustainable portfolio Operational excellence products in key geographies, Rallis representing over 25% of global active
domestic market Wide range of safe and sustainable Manufacturing capacity to serve Indian is actively pursuing enhancing requirements of these herbicides. 10 MT
Deep understanding and long association products in relevant agri input value chain and global market exports of highly demanded active of solid formulation capacity added at the
with Indian farming community and a strong pipeline ingredients to drive its growth.
Extensive dealer and retail reach While it already has a reasonable new state-of-the-art greenfield formulation
Closely connected with 1.9 million farmers Diversified crop portfolio in seeds global share in these, most of the plant at Dahej.
covering both field crops and vegetable Global leadership in most of the active plants are running at capacity. Rallis
Extensive network covering 80% of ingredients it manufactures
India’s district In-house R&D to leverage and enhance thus undertook strategic capacity 2x New multi-purpose
multiple partnerships in Indian and enhancement projects which
global markets positions it strongly to capture Expansion in capacity of in Hexaconazole, plant
market share.
a leading fungicide for rice crop. Running Setting up a new state-of-the-art
at full capacity, the expanded capacity multipurpose active ingredient
represents a major share of its global manufacturing plant at Dahej for its
Operational and Strategic Ensuring safe and uninterrupted by 2030 through initiatives around requirement. strong pipeline and tapping into contract
Developments operations replacing fossil fuels with renewable manufacturing opportunities.
Resilient performance amidst Rallis ensured zero lost time and recorded energy and biofuels. Strong focus is on
challenges injuries led by its commitment to systems, promoting sustainable agriculture by
In FY 2021-22, the global crop protection processes, continued learning and rigorous enhancing portfolio of safe and eco-
friendly products, improving soil health
market was buoyant. Though domestic risk assessment at every stage of its and ensuring zero liquid discharge. Fresh
market was impacted by logistical operations. This helped ensure sustained water consumption is being balanced
challenges, cost pressures and production to meet global commitments. through increased rainwater harvesting
unavailability of inputs which intensified
as environmental policy measures in Way Forward Reinforcing capabilities through
China hit their production and thus global Grow business through accelerated investments in enhancing flexible
supplies. Further, weather-related issues launch of new products, enhancing manufacturing capacities, new product
led to missed spraying of crop protection brand visibility and distribution. developments and digital initiatives
inputs and shifts in high-input crops, The International business focusses to streamline internal processes and
denting sales which impacted domestic on launching new molecules, new improve market visibility
agrochemicals business. registrations and enhancing capacity in
existing molecules Capitalise on molecule off-patenting
Rallis overcame the challenge through Tapping emerging global supply opportunity in domestic and export
sustained initiatives in terms of sourcing chains and contract manufacturing markets and for contract manufacturing
strategy, frequent pricing decisions and opportunities by aligning with “China with appropriate investment in R&D and
agile coordination with logistics partners. +1” diversification strategies adopted manufacturing
Strong focus on optimising operational by global crop protection players. Build
expenses and maintaining cash position resilience by progressing on ESG and Calibrated revenue and profitability
to some extent helped mitigate the high aligning goals to it. Rallis has set an growth planned across crop categories
input prices. with liquidation focus and optimisation
ambitious target towards reducing of expenses aligned with revenue
absolute carbon emissions by 30%

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