INTEGRATED REPORT & ANNUAL ACCOUNTS 2020- 21 Growing Responsibly Towards a Sustainable Tomorrow Growing Responsibly Integrated Report 01-44 Towards a Sustainable Tomorrow About Tata Metaliks 02 Corporate Profile 04 Business Model Sustainability is a core business philosophy and an enabler to 06 Operating Environment Pg 12 Pg 20 create long-term value. Innovate and Excel is one of the Stakeholder engagement and materiality 6 strategic pillars and a key business priority. In order to grow 08 Stakeholder Engagement sustainably, we strive to leverage technology and creativity of 10 Materiality our people. For us, challenges are opportunities to innovate, Performance in turn acting as stepping stones in our journey of ‘Reaching 12 Chairman’s Message Tomorrow First’. 14 Responding to COVID-19 Pg 28 Pg 32 16 Performance Indicators As a step forward, our products and effectively. We regularly engage with our Strategy About the report Materiality processes are designed to progressively 18 Strategic review The report aims to provide a fair, balanced and stakeholders to integrate their insights 20 Innovate and Excel The Integrated Report & Annual Accounts overall assessment of Tata Metaliks’ business reduce our carbon footprint through the into our strategies for value creation. 24 Cost Leadership 2020-21 is Tata Metaliks’ primary communication model, strategy, performance and prospects in adoption of best-in-class technologies. We have the scale, expertise, and 26 Supplier of Choice to shareholders and other stakeholders. The relation to material, financial, economic, social, We have embarked on a digitalisation 28 Robust People Practices: HR report reflects our integrated thinking and environmental and governance aspects. commitment to grow sustainably, being 32 Responsible Corporate approach to value creation. It provides a journey which is helping us emerge equally responsive to the expectations Citizenship holistic view of our strategy, governance and Assurance efficient, profitable, and use resources and concerns of all our stakeholders. 36 Corporate Social Responsibility performance, and how they work together to Assurance on financial statements has been 38 Focus on downstream/ create value for our stakeholders, in line with provided by independent auditors Price value add United Nations Sustainable Development Goals Waterhouse & Co. Chartered Accountants LLP (UN SDGs). and on non-financial statements by Bureau Governance Veritas (BV) as per AA1000 standard. The Standards and frameworks certificate issued by BV is available on our 40 Corporate Governance The financial and statutory data presented in website at https://www.tatametaliks.com/ A snapshot of our performance, FY 2020-21 42 Risk Management this Report is in line with the requirements of the static-files/pdf/annual-report/Assurance- 44 Awards and Recognition Companies Act, 2013 (including the Rules made Certificate-TML-IR-20-21.pdf thereunder), Indian Accounting Standards, the Statutory Reports Securities and Exchange Board of India (Listing Management responsibility Obligations and Disclosure Requirements) To optimise governance oversight, risk `1,917 crore `397 crore `307 crore 45-97 Regulations, 2015, and the Secretarial Standards management and controls, the contents of this Revenue from operations EBITDA PBT 45 Corporate Information issued by The Institute of Company Secretaries report have been reviewed by the Managing of India. The Report is prepared in accordance 46 Board’s Report Director and various Senior Executives of the with the Integrated Reporting framework of 56 Annexures to the Board’s Report Company. the International Integrated Reporting Council (IIRC) and discloses performance against Key Forward-looking statements lakh Financial Statements Performance Indicators relevant to Tata Metaliks, Certain statements in the Report are 0.09 `422 24,000+ aligned to applicable reporting requirements. forward-looking. These include statements Net Debt/ Equity Ratio Contribution to CSR CSR outreach 98-154 other than historical facts, including those Scope and boundary on financial position, business strategy, 98 Independent Auditor’s Report The report provides an overview of the management plans and objectives for future 106 Balance Sheet Company’s performance for FY 2020-21. It covers operations. Such statements include words 3 107 Statement of Profit and Loss Tata Metaliks’ manufacturing operations at such as ‘believes’, ‘expects’, ‘may’, ‘will’, ‘plans’, 7.5 % 2,450 m 98% 108 Statement of Changes in Equity Village Maheshpur, PO: Samraipur, Gokulpur, ‘outlook’ etc. regarding future operational/ GHG intensity reduction in Water recycled per day Materials recycled back 109 Cash Flow Statement Kharagpur, Paschim Midnapur 721301, West financial performance. These are based on Hot Metal production (y-o-y) into process 110 Notes to the Financial Bengal and Corporate Office at Tata Centre, reasonable assumptions/ data/ that may be Statements 10th Floor, 43, J. L. Nehru Road, Kolkata 700071. incorrect/ imprecise and, not intended to be a The report also covers the Company’s sales guarantee of future. Actual results could differ 155 Notice and marketing activities, value chain-related materially due to various factors. We neither initiatives and other community initiatives. assume any obligation nor intend to update/ Comparative figures for the previous years have revise any forward-looking statements, as a been incorporated, wherever relevant. result of new information/ future events or otherwise. INTEGRATED REPORT STATUTORY REPORTS FINANCIAL STATEMENTS 01-44 45-97 98-154 Corporate Profile Products We set industry benchmarks, serving our customers with quality and innovative products. We Evolving through transformation have a portfolio of branded pre-calibrated products with an option for modification as per customer requirement. Tata Metaliks Limited (TML) is a subsidiary of Tata Steel. We are among India’s leading producers of superior quality Pig Iron (PI) and Ductile Iron Pipe (DIP), with best-in-class operational parameters Certifications and serving customers worldwide. Manufacturing capacity In line with our vision of ‘Reaching Tomorrow First’, we entered the niche segment of DIP, working steadfastly Product Pig Iron (PI) Ductile Iron Pipe (DIP) towards forward integration and augmenting value-added growth. We remain committed to provide our 14 primary grades of PI, along with option 5.5 m standard length pipes of 80-800 mm 6 LTPA customers quality products from our state-of-the art and strategically located unit in Kharagpur, West of customised products as per user need for diameter belonging to K class and C class Hot metal Bengal. Fostering a customer-centric approach and technical efficiency across all our operations, we have different types of casting applications with BIS, ISO, BS EN and WRAS certifications maintained our position as a supplier of choice in our chosen product segments. 2.55 LTPA Brand Ductile Iron Pipe ‘e’ Energy efficient ‘Duct’ Ductile Iron Market share ‘Fe’ Iron ‘Ura’ Ventura, which means happiness ‘e’ Environment-friendly and contentment Vision Values ~20% Reaching Unity USP The branded pig iron, preferred by India’s preferred brand across multiple Pig Iron Pioneering foundries for its energy efficiency and industries due to technological superiority, We will invest in our people and Tomorrow First We will be bold and agile, consistent chemical composition leak resistance, easy fitment, absolute check partners, enable continuous courageously taking on over dimensions and strict quality control % challenges, using deep learning, and build caring and ~12 customer insight to develop collaborative relationships based Ductile Iron Pipe innovative solutions. on trust and mutual respect. Domestic One of the top three brands the country Pan-India presence footprint with a dominant position in Eastern, Presence Integrity Responsibility Western and Northern India Our manufacturing units’ We will be fair, honest, We will integrate environmental strategic location gives us a Mission transparent and ethical in and social principles in our unique advantage in terms our conduct; everything we businesses, ensuring that what Downstream For different types of casting across Our DI Pipes have diverse applications in of proximity to raw material industries such as: transporting water such as: Tata Metaliks strives to become do must stand the test of comes from the people goes usage sources and fast growing a sustainable organisation public scrutiny. back to the people many times markets in East and North India. through significant contribution over. to India’s foundry, water and PI: sanitation sectors by optimum Excellence Automotive Agriculture Power Transmission and Transportation of We will be passionate about distribution sewage utilisation of men, material achieving the highest of potable water and wastewater and assets, responsible use of standards of quality, always energy and water resource, promoting meritocracy. being guided by its values. Railways Aluminium Sanitary Irrigation Industrial usage in smelters castings power plants DI: Financial 52% 60% 48% 40% impact of Revenue of Sales of Revenue of Sales Volume Volume 2 3 INTEGRATED REPORT STATUTORY REPORTS FINANCIAL STATEMENTS 01-44 45-97 98-154 Business Model Our dynamic and agile business model withstood the challenges of a difficult year. Platform for a future-ready business It keeps us future-ready, enabling us to learn from and adapt to our internal and external environment. Inputs