Corporate Identity
Growth ready for a brighter tomorrow
Tata Metaliks Limited (TML), a subsidiary of Tata Steel, is one of India’s leading producers of superior quality Pig Iron (PI) and Ductile Iron Pipes (DIP). Combining customer-centricity with technical efficiency, we have retained our position of being the supplier of choice. We serve our customers with superior quality products and service offerings, setting industry benchmarks.
Read moreManufacturing Excellence
We have a state-of-the-art manufacturing plant at Kharagpur, West Bengal, India which produces the finest quality Pig Iron and Ductile Iron Pipes. With our highly mechanised and automated second DI pipe
Business Segments
Designed for delivering
excellence every day
Pig Iron (PI)
Pig Iron (PI) is an intermediate product of a commodity nature, used in foundries for the production of iron castings. Although PI customers’ purchase decisions are largely price-centric, we have, over the years, decommoditised the same by providing significantly higher value as compared to our peers.
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Business Segments
Ductile Iron Pipe
Ductile Iron Pipe (DIP) is an end product in the value chain, used for the transmission of potable water, wastewater and water for irrigation purposes. Durability, energy savings while in service, recyclability and high expected lifespan make DIP environmentally far superior product over other piping materials.
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Business Model
Sustained value for
shared prosperity
Input
` 1,579 crore
Net Worth
` (61.14) crore
Net Debt
Output
` 3,260 crore
Turnover
5%
Return on Net Worth
` 211 crore
EBITDA
50%
Dividend
` 81 crore
PAT
` 2,370 crore
Market Capitalisation
Input
6 LTPA
HM Capacity
3 LTPA
DIP Capacity
29 MW
Captive Power Generation Rated Capacity
` 167 crore
Capex
Output
5.62 Lt
HM Production
3 Lt
Finished DIP Production
24 MW
Captive Power Generated
Input
90
Robots deployed in production
` 2.87 crore
Capex on digital projects
Output
466
Number of kaizens undertaken
` 89 crore
Savings from Improvement Projects
Input
1,638
Employees on Roll
` 99 lakh
Investment in Employee Training and Development
4,303
Safety Training Sessions
7,260
Safety Visits (nos.)
36,436
Employee Training Hours
Output
1
Fatalities
0.27
LTIFR
4.3 (on 5)
Training Effectiveness
7.5%
Diversity % Women in workforce (permanent)
4.15 (on 5)
Employee Engagement Score
Input
Energy Intensity
PI
18.49 GJ/THM
DIP
1.84 GJ/TFP
Water Consumption Intensity
PI
1.41 m³/THM
DIP
1.49 m³/TFP
Inbound Raw Material
Iron Ore
929 KT
Coal
68 KT
Coke
333 KT
Flux
178 KT
Capex on Environment
`12 crore
Output
Water Recycled/Day
2,550 m3/day
Materials Recycled back into process
98%
Carbon Emission Intensity
PI
1.86 t CO2e/THM
DIP
0.48 t CO2e/THM
Relationship Capital
Input
1,079
Supplier Base
` 6.81 crore
CSR Contribution
Output
93.9
CSI: PI
86.3
DI
93%
Repeat Sales to Customers (PI)
61%
Sales to key and Elite DIP Customers
55,000+
CSR Outreach
7,191
Employee Volunteering Hours
Chairman’s Message
I hope you and your families are safe and in good health. It gives me great pleasure to present you the 6th Integrated Report & 33rd Annual Accounts of your Company for the Financial Year ended March 31, 2023.
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Safety
Committed to Zero Harm
Our Safety and Health responsibilities are driven by our commitment to “Zero Harm” to the people we work with, and the community at large. Our robust Safety Management System framework and the Safety Governance structure, are key drivers in our Safety Excellence Journey
Key Performance Indicators
Stable performance for a
stronger tomorrow
We are focused on generating profitable and sustainable growth to drive attractive and steady returns
We are steadfast on consistently enhancing our efficiency levels across our core operations to increase our output.
We are embedding our strong commitment to enhance recycling, increase water recycling and reduce carbon emissions across our operations.
We are investing in the future of our workforce and our communities.
We set clear governance standards, policies and procedures to ensure high levels of transparency and trust throughout our business.
25%
Board Gender Diversity
95%
Board Meeting attendance
98%
Board Committee Meeting Attendance
95%
Officers and Non- Officers covered for Ethics/POSH training sessions
100%
Investor Complaints
Resolved
(at the close of March 31, 2023)
Stakeholder Engagement
Stakeholder centricity
for greater good
At Tata Metaliks, we foster a stakeholder-centric approach to enhance business operations. Stakeholder engagement is a vital element to ensure our business remains sustainable to create long-term value.
Read moreBuilding enduring relationships and brand loyalty
Engagement Platforms
- Customer-specific operational Meetings
- Customer meets and plant visits
- Online webinars and training sessions
- Tata eFee trials at customer sites to demonstrate energy efficiency
- Technical support
- Industry networks
- Senior Leadership visits
- Technical newsletters
- Social media
Stakeholder Priorities
- Innovative products with reliable quality
- A range of choices in each product category
- Environmentally friendly products
- Value for money with timely delivery
- Product knowledge and positive attitude of employees
- Efficient after-sales service
- Effective Management of complaints and offering satisfactory solutions
Responses
- Committed to offering a range of innovative, high-quality products offering value for money
- Introduction of value-added services
- Enhance customer access convenience through Customer Relationship Management (CRM) platform
- Digital transformation of the sales and operations to speed up customer service and add value
- Well-trained technical and service teams who are committed to efficient after-sales service
- Maintaining effective relationships
Creating a progressive work environment
Engagement Platforms
- Regular engagement sessions
- Team collaboration assignments
- Talent development and strategic planning sessions
- Projects for Cross Functional Team (CFTs)
- Reward & Recognition framework
- Reverse mentoring
- Action Learning Projects
Stakeholder Priorities
- Positive and energetic work environment
- Competitive compensation
- Job satisfaction and motivation
- Training and personal development
- Health and Safety at work
- Employee welfare
Responses
- Reinforce corporate culture towards highlighting care and concern for employees
- Provide financial and nonfinancial benefits
- Substantial training exposure, talent Management and retention programmes
- Reward & Recognition schemes at all levels
Ensuring sustainable returns through dividend and wealth appreciation
Engagement Platforms
- Investor Meets/Analyst conference calls
- Quarterly Reports and correspondence
- Annual General Meeting
Stakeholder Priorities
- Sustainable returns
- Growth in profits
- Dividend growth
- Ethical corporate conduct and good governance
- Robust Risk Management practices
- Agility to adapt to macroeconomic changes
Responses
- Committed to sustaining robust business growth over the long term
- Sustainable and a robust dividend policy
- Implement strategic and operational plans that can support growth targets
- Maintaining transparency and good governance including sound Risk Management strategies
- Communicate material information timely and accurately to Shareholders
Contributing to the communities that we serve
Engagement Platforms
- Employee Volunteerism
- Collaboration with Tata Strive and various NGOs
- Periodic cultural meets like ‘Regional Samvaad’
- Regular interactions and workshops
- Communication and engagement campaigns
Stakeholder Priorities
- Employment creation and economic growth
- Socially responsible corporate citizenship
- Good community relations in all areas of operation
- Environmental responsibility
Responses
- Creating direct and indirect job opportunities and economic growth
- Impact-led CSR initiatives are undertaken to serve the communities we operate in
- Committed to protect the environment and substantial investments in environmental protection projects
Fostering mutually beneficial relationships
Engagement Platforms
- Supplier reviews, audits and dialogues
- Vendor/Supplier meets
- Engagement calendar with key suppliers
- Structured supplier visits for evaluation, knowledge sharing and feedback
Stakeholder Priorities
- On time payments
- Fair price and transparent transactions
- Long-lasting relationship
Responses
- Deepen knowledge sharing
- Meeting obligations timely
- Maintaining effective relationship
Ensuring compliance, interpretation of regulations and responsible conduct
Engagement Platforms
- Regular issue-specific Meetings
- Structured stakeholder engagement plan
- Meetings with multiple local authorities
Stakeholder Priorities
- Compliance with all relevant Laws, Rules, Regulations and Guidelines
- Paying Duties, Taxes and Levies promptly
- Transparency and regular communication
- Create employment opportunities and enhance economic prospects
Responses
- Adherence to Government rules and regulations and timely payment of taxes and duties
- Direct and indirect job opportunities
- Ensure environmental preservation
Materiality
Prioritising responses for Material matters
We identify and recognise material topics based on a systematic analysis of numerous issues and concerns highlighted by our internal and external Stakeholders. Systematic identification of material ESG topics guarantees that relevant material topics for our business and Stakeholders are addressed.
Read moreRisk Management
Prudent approach to managing uncertainties
In today’s rapidly evolving world, it is crucial for organisations to take a proactive approach to identifying and managing various risks they encounter or may encounter. Traditional risks as well as emerging risks, pose significant challenges to businesses. Therefore, it is imperative for organisations to stay vigilant and adapt to these risks to ensure their long-term success
Read moreIntegrated planning to accelerate Growth
Innovate and Excel
Priority Areas
- Benchmarking, TPM at shopfloor, Ideation platform and Knowledge Management
- Process improvement through flagship initiative Shikhar and recently launched Integrated Improvement Programme, aiding EBITDA
- Digital transformation to ensure agility and differentiation
SDGs Impacted
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Cost Leadership
Priority Areas
- Operational excellence
- Strategic raw material sourcing
- Optimising fuel and resource efficiency
- Digitalisation and automation
SDGs Impacted
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Supplier of Choice
Priority Areas
- Create and sustain mutually rewarding relationship with customers through differentiated products and services
- Ensure deeper customer engagement and enhanced customer experience
- leveraging digital and analytics solutions
SDGs Impacted
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Robust People
Practices
Priority Areas
- Talent Management and capability development
- Improve employee productivity.
- Enhance workforce engagement and satisfaction
- Leverage digitalisation across HR processes to improve employee experience
SDGs Impacted
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Responsible
Corporate Citizenship
Priority Areas
- Environmental Sustainability:
- Reduce Carbon footprint
- Improve air quality
- Reduce specific water consumption
- Expanding community outreach through CSR activities
SDGs Impacted
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Focus on
Downstream
/ Value-add
Priority Areas
- Capacity expansion for DIP to over 4 LTPA
- Extend domestic footprint
- Enhance presence in different geographies
SDGs Impacted
Read more
Governance
Our Governance Practices
We are unwavering in our commitment to upholding the highest standards of governance, which allows us to earn and maintain the trust and confidence of our Stakeholders. In every aspect of our operations, we strongly emphasise ethical conduct, ensuring transparency and accountability throughout our organisation.
Awards
Recognised for Excellence
Winner under the listed medium category at the ‘Corporate Governance Recognition 2022’ organised by Bengal Chamber of Commerce and Industry
Recognised with a score of B in Climate Change Disclosure and A- in Supplier Engagement Rating
CII - CAP (Climate Action Program) 2.0 Oriented Category Award for Energy, Mining and Heavy Manufacturing Sector
