100th Annual Report 2006-2007 - Tata Steel

Management Discussion and Analysis
Mechanism) Projects for availing carbon credit, which are at
various stages of approval and implementation. The expected
reduction of CO 2
emission from these projects is more than 1.1
million tonnes/annum.
The Company is committed to introduce state-of-the-art
technology in its modernisation and expansion programme
at Jamshedpur and at other green field projects. The pollutant
discharges from these plants will confirm to the International
Standards.
The Company has recently published its 6th Corporate Sustainability
Report for the year 2005-06. The Company takes pride in being
the only Indian company included in the “Sustainability Biennial
Benchmark Survey 06-07” of the top hundred Global Corporate
Sustainability Reporters. Corporate Sustainability Management is
integrated in the business process of the Company to meet the
future challenges of sustainable growth.
V) Industrial Relations and Human Resource
Management
Industrial relations remained normal at all locations. The men
on roll in the Company as on 31st March, 2007 were 37,205 as
compared to 38,182 as on 31st March, 2006. The development
of human resources is a key strategic challenge in order to
prepare people for future responsibilities in terms of professional
skills as well as business skills. The Company is investing in
the modernisation of the plant and training of manpower
for upgrading their skills. Further, it is planned to redeploy
the surplus manpower to various greenfield projects being
undertaken.
VI) Awards
The Company received the following awards and recognitions
during the year:-
• Prime Minister's Trophy for Best Integrated Steel Plant for the
Fifth Time Ranked as No. 1 in 2006 Indian Make Survey
• IT User Category Award in Orissa
• West Bokaro Division Honoured By National Energy
Conservation Award
• Mother Teresa Award For Corporate Citizen 2005
• Civil Society Award by UNAIDS Kolkata
• First Prize for Overall Performance in its Noamundi Iron Ore
Mine
• Best Governed Company Award By Asian Centre For
Corporate Governance
Cautionary Statement
Statements in the Management Discussion and Analysis describing
the Company’s objectives, projections, estimates, expectations may
be “forward-looking statements” within the meaning of applicable
securities laws and regulations. Actual results could differ materially
from those expressed or implied. Important factors that could
make a difference to the Company’s operations include economic
conditions affecting demand/supply and price conditions in the
domestic and overseas markets in which the Company operates,
changes in the Government regulations, tax laws and other statutes
and incidental factors.
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