Page 7 - Tata Chemical Annual Report_2022-2023
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Integrated Annual Report 2022-23 01-83 84-192 193-365
Integrated Report Statutory Reports Financial Statements
Key Performance Metrics
PERFORMANCE AT A GLANCE
MD & CEO’s Message Key Performance Metrics
Dear Shareholders, Tata Chemicals' transformation performance excellence and stakeholder
is aligned to Project Aalingana, value creation. Financial Measures :
I hope you and your families are safe and Tata Group’s flagship programme
well and I thank you all for your enduring having a vision for greener, Chemistry for Sustainable Growth Consolidated Revenue EBIT Free Cash Flow
trust in Tata Chemicals. In retrospect, sustainable and equitable At Tata Chemicals, we strongly believe
CY 2022 was the year of surprises and future for the planet. We are that Chemistry has a key role in delivering I 16,789 Crore I 3,148 Crore I 1,393 Crore
challenges. At the start, impact of pandemic embedding sustainability into sustainability outcomes by producing (Incl. Other Income)
seemed waning, however, geopolitical our business by focussing on materials that are environmentally friendly
conflict in Europe posed fresh challenges three interconnected pillars and energy efficient. Tata Chemicals' Capital Expenditure Dividend per share
of disrupted global supply chains, i.e. decarbonisation of our transformation is aligned to Project
unprecedented energy shock and sharp businesses; circular economy Aalingana, Tata Group’s flagship programme I 1,578 Crore I 17.50
increase in food & commodity prices. As a approach and preserving the having a vision for greener, sustainable
natural environment.
result, inflationary stress slowed the global and equitable future for the planet. We are
economic growth from 6.1% in 2021 to embedding sustainability into our business
~3.2% in CY 2022 and is projected to further We are pivoting towards sustainable by focussing on three interconnected pillars
decline to ~2.2% in CY 2023. Despite above applications and green chemistries for i.e. decarbonisation of our businesses;
challenges, India emerged as one of the growth. Our core portfolio led by Soda Ash circular economy approach and preserving Non-Financial Measures :
fastest growing economies in CY 2022. and Sodium Bicarbonate is growing on the natural environment. Six Levers of Operational Excellence Executive Director
drivers linked to sustainability applications on Performance
Tata Chemicals too faced a slew of Our decarbonisation strategy has four
challenges across geographies. Our i.e. Solar Glass, Lithium Carbonate, Flue Gas elements: Low Carbon Fuel Switch, Review
businesses were also impacted by rising treatment, sustainable packaging, etc. It Renewable Power, Energy Efficiency
energy cost, availability of feedstock, is our ambition to lead in this business by and Carbon Capture & Utilization (CCU). Customer Safety
shipping cost and availability of vessels increasing our Soda Ash, Bicarb and Salt Successful commissioning of CCU plant by Customer Satisfaction Index - 87% Progressive Safety Index - 81.9 Robust financial performance in
& containers across geographies. Agile capacities substantially in the medium term Tata Chemicals UK is one such step. Our US Net Promoter Score - 82% LTIFR (Lost time injury frequency a year marked by a challenging
teamwork coupled with efficient operations of 3 to 5 years. operations will gradually increase the share rate) - 0.74 external environment is anchored in
and resilient supply chain ensured seamless The Specialty Products revenue grew by of Natural Gas. Our Mithapur manufacturing our teams’ commitment of building
supplies to our customers. As a result, we 13% in FY 2022-23. Rallis' business grew by complex is already freshwater neutral. With
delivered robust performance, with the 14% in a challenging business environment, respect to biodiversity, we have planted resilience through functional
Company achieving consolidated revenue however, margins were affected due to over ~2.2 Lakh saplings in our mangrove excellence. ‘Customer Centricity’ and
of ₹ 16,789 Crore, an increase of 33% over steep cost volatility and price pressures plantation programme. We have also saved Environment Digital ‘Responsible Value Creation’ are at
FY 2021-22, EBITDA of ₹ 3,822 Crore, an mainly in exports business. Rallis has set its more than 900 whale sharks till date under Carbon Intensity - 0.76 TCO e/T Digital Maturity Index - the core of all we do. Our continuous
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increase of 66% over FY 2021-22. ambition to emerge as partner of choice whale shark conservation program. As a of Product 2.54 (out of 5) improvement and excellence
to Indian farmers by deeper engagement responsible organisation, we have impacted Water Intensity - 17.30 KL/T
The Basic Chemistry portfolio led by programmes across all functions are
Soda Ash grew by 35% on the back of with Agri-Ecosystem. Specialty Silica ~2.6 Lakh people and we continue to work Energy Intensity - 7,799 KJ/kg singularly aimed towards becoming
robust demand across geographies and sales grew by ~69% driven by emerging towards enabling inclusive growth and a partner of choice while creating
application sectors including demand applications, such as green tyres, silicones equitable development through our CSR shared value for our stakeholders.
from solar glass and lithium carbonate. and battery separators. Prebiotics developed programmes which are focussed on creating
Salt and Sodium Bicarbonate also on a sustainable fermentation platform, livelihood, promoting health & wellness.
also improved its capacity utilisation.
witnessed steady demand. The Company The Specialty Products businesses need On behalf of Tata Chemicals, I thank you all
recorded its highest ever sales of salt continued support and they have potential for your continued support in our ongoing People Manufacturing
at 16.28 Lakh MT. With commissioning to deliver sustained growth. journey of transformation to deliver 72% Employee engagement score Capacity Utilisation - 87% (Soda Ash) Zarir Langrana
Executive Director
of carbon capture utilisation plant, UK chemistry for sustainable growth. 10% diversity at entry level
is now producing high grade Sodium In addition, our growth plans embrace and 67% positions filled internally
Bicarbonate with own CO and has also embed data and digital tools & platforms Warm regards,
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reduced process emissions by 10%, also to truly become a connected integrated R. Mukundan
making it a circular process. agile Enterprise. This will further drive Managing Director & CEO
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