Page 43 - Tata Chemical Annual Report_2022-2023
P. 43
Integrated Annual Report 2022-23 01-83 84-192 193-365
Integrated Report Statutory Reports Financial Statements
Business Strategy
BUSINESS STRATEGY Strategic Objective 1 Strategic Objective 2 Strategic Objective 3
Responsible Leadership Rooted in Grow Capacities to Maintain Invest to Attain Leadership in Embed Sustainability
Leadership in Core Products
Across Segments
Specialty Products
Sustainability and Excellence Basic Chemistry Products Specialty Products Key levers
Key growth lever Key growth lever Climate change action
We strongly believe that sustainable practices and operational excellence together lead to the creation of robust
business foundations. Our focus is on continuously strengthening these twin metrics to reinforce our foundations to Capacity expansion (brownfield and Capacity expansion and optimisation of Circular economy – water neutrality,
consistently deliver high-quality products and services to our customers. We further believe that strong foundations debottlenecking) portfolio mix solid waste management and
are the key to reducing operational costs and building functional excellence to ensure sustained business resilience. recycling
Status and action plan Status and action plan
Nature & biodiversity – conservation of
Soda Ash – Phase I expansion Silica: Increasing share of Specialty flora and fauna
commissioned successfully; Phase II Silica for oral care and tyre segment;
and III scheduled to commence by Capacity expansion of HDS Status and action plan
December 2023 CO 2 reduction solutions (scope 1
Strategy Fermentation Platform – Prebiotics: & 2) across all plants under various
Salt – 300 KT capacities added in Increase share of scFOS for applications
Chemistry for Sustainable Growth stages of identification, evaluation and
FY 2022-23 in nutraceutical and pharmaceutical execution
segments; Expand capacities of FOS
Sodium Bicarbonate – 40 KT additional Fermentation plant operating on 100%
capacities planned in FY 2023-24 Agrochemicals: New multipurpose biomass fuel
Expand Embed Excel Key challenges plant under commissioning; Launch of
To grow for Sustainability Operational new formulations in pipeline Consumption of 100% fly ash
sustained across all the and functional Escalation in capex due to increased
leadership segments excellence input costs Key challenges Plastic waste recycling as per EPR*
compliance on schedule
Delay in the capex execution plan Long product approval cycle
Planned biodiversity impact
Delay in adherence to project assessment
Responsible Leadership Rooted in Sustainability and Excellence
KPIs tracked timelines (Agrochemicals) Key challenges
We have strategically identified, and are pursuing, the following Capacities* (FY 2022-23, India) Seasonal adversities impacting Technology readiness and commercial
key objectives to steer our business strategy of sustainable product launch viability of CO 2 abatement solutions
growth backed by excellence. These well-defined strategic Soda Ash Sodium Bicarbonate
objectives are aimed at strengthening our responsible 917 KT 112 KT KPIs tracked
leadership position in the Chemicals industry. Customer acquisitions KPIs tracked
Salt Silica FOS GHG emission (Scope 1 & 2)
1,526 KT 99 74 4.52 KT
New agrochemicals launched
Capacity Expansion (India) % Water recycled
(FY 2022-23 + FY 2023-24 planned) 13
Soda Ash Capacities Expansion (FY 2023-24) 87%
225 KT Silica
3.2 KT Plastic waste recycled
Sodium Bicarbonate 750 MT
20 KT Agrochemicals
MPP – 22 TPD
*Operating Capacities *EPR – Extended Producer Responsibility
40 41
