Glorious Years of Value Addition 3
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sesa goa iron ore SESA NEWSLETTER | September 2017 DHORTORI Celebrating GLOR ARS IOUS YE of Value Added Business VISION To be the highest value creator in the iron ore industry contributing to the growth of the nation. MISSION = To continue to maintain our pre-eminent position in safety, environment and quality control management in the respective industry sectors. =To maximise stakeholder wealth by exploiting core skills of iron ore mining, coke and iron making. =To constantly seek high levels of productivity and technical efficiency; to maintain technological superiority over competitors. =To aggressively seek additional resources. =To maintain costs in the lowest decile globally. =To be an organisation with best-in-class people and a performance driven culture by attracting and retaining quality manpower. =To contribute to the development of the communities that we operate in or have influence on our business activities. 2 3 CONTENTS Editorial Note CEO’s Message 5CEO’S MESSAGE The monsoon clouds will give way to a brighter sun shine and clear skies. The Mother Nature has nurtured the Dear Colleagues, germinating seeds and filled our mind, Businesses are driven by people. The success and growth of business arise from the sustainable body and soul with freshness and efforts and focus of its workforce. As we start our third quarter, it is time to look forward to COVER STORY nourishment. With the onset of mining another successful innings in business. The previous quarter unfortunately witnessed a work fatality. My prayers and condolences 6 season let us begin another journey go out to the family and friends of our dear colleague. Safety is always the primary focus of our towards a new horizon with new company and cannot be compromised. Therefore, I urge you to pause and revisit our Safety targets. Let us march in unison with Cardinal Rules. Every morning, let us start our day dedicatedly with ‘Take 5’. Think about the task renewed enthusiasm and energy to at hand, chalk out a clear plan for its execution and carefully identify any associated risks and achieve our business goals. hazards. SESA BUZZ Make sure you follow the Six Cardinal Rules for Safety: 8 Our cover story ‘Celebrating Silver 1. Mandatory and job-specific PPEs must be used Jubilee for VAB’ will take you through 2. Entering the plant/ mines under the influence of alcohol or drugs of abuse is prohibited the 25 Glorious years of Value Addition 3. Always fasten your seat belt while travelling Business and how it has resulted in 4. Do not over-ride or interfere with any safety features or devices Amona Navelim becoming the centre 5. Follow the permit-to-work system 6. Immediately report all incidents to management of development and growth. It is a AWARDS AND ACCOlaDES To spur this into action, our HSE team has classified business units into 210 grids with 195 trained proud honour for us to have been 10 grid owners who are accountable for and encourage safety in their grids. This ranges from awarded as ‘The Best Employer by the 360-degree guarding of conveyers and moving parts to proper illumination of the whole the Goa State Leadership Awards’. We plant. They will identify needs, and assess various safety steps to resolve them. We thank our thank you for all the efforts and passion Grid Champions for upholding our commitment to achieve Zero Harm, Zero Discharge and Zero you have put in. Waste across all units. 12GREAT PLACE TO WORK Gear up as you read about Sesa We urge all of our employees to embrace personal safety action plans and be the gladiators Football Academy in Sports Spice, the serving for this cause as the business ramps up in the third quarter towards another glorious buzz we create, the accolades we chapter. received, our employee engagement Business is always replete with challenges and success. My praises to the VAB Team for being named as an ‘Energy Efficient Unit’ at the Confederation of Indian Industry’s 18th National Awards programs and contribution to the for Excellence in Energy Management 2017. Congratulations to CSR team and HR team for environment, cleanliness drives and bagging the ‘Best CSR Practices in the State’ award and ‘Best Employer Brand’ in Goa respectively. MY ODYSSEY at SESA many more activities. 16 Special mention of Team IOK for being conferred the ‘National Award for Excellence in CSR and Sustainability’ by National CSR Leadership Congress. We hope you find reading Dhortori We also continue to make strides with the Sesa Football Academy (SFA), which has served as exciting as always. We greatly Goa since 1999. Through the institute, we continue to leverage the power of football not only appreciate your views and feedback to develop players but also to transform our youth into highly skilled and responsible citizens. on this edition, so we can make it all Through the exciting new initiative of Vedanta Football Schools and Vedanta Women’s Football TOUCHING LIVES the more engaging and interesting League, SFA plans to reach out to young children and women across communities by providing 18 We send you our best wishes for the them a platform to hone their skills at the grassroots level. upcoming quarter. I commend our Karnataka Team for its relentless efforts with the watershed project through which it replenished the Megalahalli Pond in Chitradurga. Having said that, we cannot rest on our laurels. We ought to be humble yet hungry for growth. Happy Reading! We hope that our iron ore business will see promising days once the EC limits for Goa and Karnataka are enhanced. Our Jharkhand project will further give impetus to our growth story. SPORTS SPICE On this note, with hope and faith in each one of you to build a safe work environment, let us 22 Team herald the new quarter with renewed energy and discipline. Sesa Goa Iron Ore Communications Wishing you and your families a happy festive season Warm regards 24DOSE OF HAPPINESS KISHORE KUMAR 4 5 COVER STORY VEDanta & INNOvatION VEDANTA VALUE ADDITION Innovation has always been key mantra for our success as we developed new products, new BUSINESS - 25 GLORIOUS YEARS processes and new ways of doing things. We Our Value addition business of Vedanta-Sesa Goa done within plant and near adapted new technologies, patented some of our Iron ore completed 25 years this year. It has been the compound wall. own and in the process reduced our fuel, energy a remarkable journey for the company and for and resource consumption and thereby giving back the State of Goa for numerous reasons. 25 years of to the community. THE SPIRITED operation is a landmark achievement as it completes At Vedanta we embrace a conducive environment quarter of a century. Be it in lithe life of an individual or ENTREPRENEURSHIP for encouraging innovations. We have received an organisation it holds a great deal of significance. Entrepreneurship spirit helped harness CII “top 25 innovative companies in India award” and engage the business with our partners consecutive two times in 2015 & 2016 respectively. in progress and the various stakeholders, THE JOURNEY We have evolved with the technology to use 100 % who are our 80 percent service providers The journey of Vedanta began when we started Goan hygroscopic ore for production of Basic Grade from the local communities. They include India’s first mini blast furnaces to produce low pig Iron and have patented a technology to produce transporters, gardeners, Operational phosphorus foundry grade pig iron with capacity of ultra-low Mn, low Ti Pig iron called as Sesa Special contractors, hospitality partners etc. We 0.075 million tons per annum in 1992 and today we grade pig Iron. We have increased Sinter plant have more than 243 contractors and more are the largest merchant pig iron producer in India productivity by 8-10 % by doing in house sinter bed than 50% of our employees hail from nearby with capacity of 0.8 million tonnes with a vision of 1 height modification. Also we were the first to use low villages mainly Amona, Navelim, etc. million tons. Fe (45 Grade) siliceous ore into the furnace. In India, low grade iron ore consumption is just limited to 10-15% in majority of Blast furnaces. Abundant COMMITMENT TO COMMUNITY Impact For us compliance, governance and We impacted society as this facility which was availability of low grade iron ore in Goa & scarcity integrity have been always of paramount setup as a value addition to our mining business and of high grade ore, lighted a vision of maximizing the importance. We place utmost importance it is been contributing in terms of revenue generation consumption of low grade hygroscopic iron ore to to engage ethically and transparent to the state exchequer INR 192 Cr in the year 2016- the tune of 90% in the burden mix of pig iron making stakeholders, taking accountability of our 17, generated employment and created a positive to economize cost of production and show a way actions to maintain the highest standards impact on society while achieving business goals. to consume lower Fe ore to all steel producers, as the availability of the high grade ore is rare. In 1994 of professionalism and complying with we commissioned metallurgical coke plants for our international best practices. THE CSR LEADERSHIPS captive consumption and even supplied foundry We respect and lay consistent emphasis Our CSR initiatives have benefitted communities coke to the market. on human rights, understand the principle through various programs and initiatives focussed of free, prior, informed consent, while our on health, education, computer literacy etc. in the engagements with stakeholders give local nearby villages of Amona and Navelim.