Page 38 - Tata Chemical Annual Report_2022-2023
P. 38

Integrated Annual Report 2022-23                01-83                   84-192                  193-365
                                                                                                                                     Integrated Report       Statutory Reports       Financial Statements
                                                                                                                                     Building Resilient
                                                                                                                                     Business Model

           Building Resilient Business Model

                                                                                                                                   Our Mission: Serving Society Through Science
                                                                                                                                   In pursuance of our Mission statement, we strive to create distinct value for our customers   We are steadfastly committed
                                                                                                                                   across the lifecycle of our products. Our value creation framework is crafted around:  to improving the lives of all
           We have structured our business model to the needs of the market and customers. Our business strategy is rooted in robust                                                                     our stakeholders, including
           foundations, while being driven by the agility needed to keep pace with the evolving external business environment. Our     Ÿ Innovation focussed on embedding sustainability in our business segments  the communities, for a better
           business model is centred around sustainable chemistry that enables resilient growth for the Company.                      Ÿ Aligning our product portfolio to key sustainability drivers     tomorrow.

           Our business scope                            Robust presence across the value chain                                                                 Leveraging key resources and relationships to create value

           Business Segments                             Our comprehensive and well-established value chain presence                                            Led by our expertise and experience, we leverage our key resources and relationships with
                                                         lends us a strong competitive edge in the business and market.                                         various stakeholders to create and deliver sustained value.
                                                            Ÿ  Upstream presence with access to                                       Ÿ Responsible mining      Key Resources                          Key Relationship
                                                            natural resources (brine from captive                                     Ÿ Energy efficient operations
           Basic Chemistry       Specialty                  salt works and trona ore from mining)                                     Ÿ Water and material         Ÿ  Financial capital                   Ÿ  Customers
           Products              Products                   ensuring long-term assurance of raw   Mining /                            conservation                 Ÿ Access to natural resources like land, water,     Ÿ Farmers
                                                            material                    Extraction                                                                trona, solar salt, limestone
             Ÿ  Pioneer in Basic Inorganic   Sustainable Chemistry                                                                                                                                        Ÿ Employees and trade unions
             Chemicals representing   Focus - Fermentation     Ÿ  Mithapur plant is one-of-its-                                       Ÿ  Decarbonisation – Low      Ÿ Access to energy                    Ÿ Suppliers and partners
             Chlor-Alkali industry  platform based Prebiotics   kind globally, with integrated                                        carbon / carbon neutral fuels,     Ÿ Mining rights                  Ÿ Communities and NGOs
                                 & Formulations; Silica for   manufacturing across Sodium                                             energy efficiencies          Ÿ Manufacturing infrastructure and support
             Ÿ Global market leadership   Green applications and   derivatives                               Basic                                                services                                Ÿ Equity investors and banks
             in Soda Ash (#3) and   a range of agri inputs for     Ÿ Value chain extension into Specialty   Chemistry:                Ÿ Creating value out of CO2                                         Ÿ Government
             Sodium Bicarbonate (#6)                                                                       Soda Ash,                  Ÿ Circularity – renewable energy,     Ÿ R&D centres and technically skilled people
                                 farm productivity (through   Silica manufacturing                                                    recycling                    Ÿ Process know-how, technology (R&D) and
                                 subsidiary Rallis India Ltd.)    Ÿ Natural Soda Ash production (in US   Manufacturing  Salt,                                     digital infrastructure
                                                            and Kenya), enabling cost advantage           Bicarbonate,
             Read more on page 12  Read more on page 20     over synthetic Soda Ash, besides lower            etc.                                              Building on our strengths
                                                            energy usage and carbon intensity
                                                            Ÿ Rallis India amongst India’s leading                                                              The major drivers of our strong competitive edge are our operational excellence,
                                                            manufacturers of Agrochemicals and                                                                  customer-centric approach and sustainability focus. We continue to build on these
           Focussed customer segments                       Seeds                                                                 Sustainability                strengths to remain relevant and propel growth in the transforming business environment.
                                                                                                     Specialty
           B2B – Flat Glass,     B2B – Food Processing,     Ÿ  Extensive and lean distribution       Chemistry:                       Ÿ  Reducing scope 3 emission –
           Container Glass,      Food, Animal Feed, Pharma,   network                                Prebiotics,                      sustainable logistics – carbon   Operational        Customer              Sustainability
           Detergents, Construction,   Automotive Tyre, Personal     Ÿ Multi-modal (sea / water, rail, road    Silica,                neutral modes of transport,   Excellence            Centricity               Ÿ Investors’ trust and support
           Agrochemicals,        Care, Agrochemicals        and air) transport capability providing   Distribution  Agrochemicals,    smart warehousing             Ÿ Green chemistry       Ÿ Innovation
           Animal Feed, Food &   Companies                  last-mile connectivity                     Seeds                                                        principles in design &                         Ÿ Product portfolio aligned
                                                                                                                                                                                                                   to sustainability growth
           Pharmaceuticals                               B2B                                                                          Ÿ  Product lifecycle assessment &   development       Ÿ Customer relationship
                                 B2F – Farmers                                                                                                                                              management (VoC /      drivers
                                                            Ÿ  Dedicated product development                                          sustainability                Ÿ Access to low-cost    feedback)
                                                            team working in collaboration with                                        Ÿ Co-creating solutions with   feedstock / raw materials                     Ÿ Product portfolio with low
                                                            large customers                                                           customers                                             Ÿ Value-added services:   environment footprint
                                                                                                                                                                                            Just in Time
                                                                                                                                                                                                                   (carbon, water, energy etc.)
           Strategically spread geographical footprint   B2F (Rallis India)           Sales & Marketing                                                             Ÿ Operational efficiencies     Ÿ Product customisation    Ÿ De-risking from the carbon
                                                                                                                                                                    supported by
           Tata Chemicals has 15 manufacturing facilities in 5 countries     Ÿ  Complete range of farm solutions   (B2B and B2F)                                    automation and          Ÿ Quality and          markets
           and a marketing presence spread across more than   and value-added services (crop and                                                                    technology              consistency            Ÿ Strong linkages with value
           90 countries                                     weather advisory, farm mechanisation)                                                                   Ÿ Supply chain                                 chain partners
                                                            Ÿ Presence in 80% of India’s districts                                                                  efficiencies: logistics
             Read more on page 3                            through 6,800 dealers and 93,000                                                                        and warehousing                                Ÿ Access to sustainable
                                                            retailers                                                                                               optimisation & costs                           capital
           Enablers                                      Values                                                                    Output

                Technology (R&D)        Digitalisation        Safety          Passion          Integrity                           We produce a wide range of bulk and value-added products   In FY 2022-23, we manufactured:
                                                                                                                                   including Soda Ash, Sodium Bicarbonate, Salt, Specialty Silica,   Soda Ash  Sodium Bicarbonate  Salt
                                                                                                                                   Prebiotics & Formulations, Crop Care (Rallis) and Seeds (Rallis).
                 People                 Partners              Care            Excellence                                                                                              3,787 KT      225 KT            1,658 KT
                                                                                                                                      Read more on page 12   Read more on page 20
                                                                                                                                      Basic Chemistry Products  Specialty Products


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