Page 39 - Tata Chemical Annual Report_2022-2023
P. 39

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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