100th Annual Report 2006-2007 - Tata Steel

• Raising cost efficient funds for the growth plans of the
Company
• To be an Investment grade Company in the long-term
• To provide financial flexibility in the Balance Sheet
• Funding strategy to focus on EPS accretion
• To comply with the expectations of various lenders in terms
of financial covenants
The Company was featured as the “Corporate Risk Manager of
the Year” by Asia Risk magazine in its October 2006 issue.
Statutory Compliance
On obtaining confirmation from the various units of the
Company of having complied with all the statutory requirements,
a declaration regarding compliance with the provisions of the
various statutes is made by the Managing Director at each Board
Meeting. The Company Secretary, ensures compliance with SEBI
regulations and provisions of the Listing Agreement. The Chief
Financial Officer, as the Compliance Officer for prevention of
insider trading ensures compliance with the Tata Guidelines on
Insider Trading.
Contingent Liabilities
Details of contingent liabilities are given in Schedule M of the
Notes on Balance Sheet and Profit and Loss Account.
IV) Environment Management
In line with Tata Steel’s exponential growth at Jamshedpur
and other parts of India, the Company has taken several steps
to improve the environmental performance. Accordingly the
Environmental Management System (ISO-14001), Occupational
Health & Safety Management System (OHSAS-18001) were
modified in the year 2006-07 and also audited by 3rd party for
renewal of its EMS & OHSAS certificates.
Efforts are being made to bring down the pollution load from
the existing plants so that concentration of pollutants are
much below the applicable Indian Environmental Legislation
and can reach to International Standards. Other key focus
areas are improving energy efficiency and waste minimisation.
Initiatives for energy efficiency undertaken resulted in reduction
of specific energy consumption to 6.720 Gcal/tcs as compared
to 6.959 Gcal/tcs in the previous year. The total water pollutant
discharge reduced to 0.15 kg/tcs as compared to 0.18 kg/tcs
in the previous year. The dust emission from stack reduced to
0.95 kg/tcs from 1.18 kg/tcs in the previous year.
The Company is committed to address climate change by
continuously reducing Carbon-dioxide (CO 2
) emissions. The
CO 2
emission was brought down to a level of 2.2 tonnes per
tonne of crude steel from 2.28 tonnes in the previous year. The
Company is vigorously pursuing four CDM (Clean Development
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