Business Responsibility and Sustainability Report for FY2024-25
Awaiting price reaction for this filing.
Tata Steel Limited has submitted its Business Responsibility and Sustainability Report (BRSR) for FY2024-25 as part of its 10th Integrated Report and 118th Annual Accounts, with reasonable assurance on BRSR Core indicators provided by Price Waterhouse & Co Chartered Accountants LLP. The company, incorporated in 1907 with a paid-up capital of ₹1,248.60 crore, reported consolidated turnover of ₹2,18,542.51 crore (down from ₹2,29,170.78 crore in FY23-24), with steel products contributing 93% of revenue. Key highlights include commissioning of the 5 MTPA Kalinganagar Phase-2 facility, closure of legacy blast furnaces at Tata Steel UK, and merger of three Indian subsidiaries (Angul Energy, Bhubaneshwar Power, and Indian Steel & Wire Products). The company has committed to Net Zero emissions by 2045, is building a low-emission EAF plant in Ludhiana, and transitioned TSN and TSUK towards scrap-based steelmaking. The BRSR covers all nine NGRBC principles with comprehensive disclosures on environment, social, and governance matters, including data on 73,432 permanent employees and 1,97,585 total workers on a consolidated basis.
This is a routine annual ESG/sustainability compliance filing required under SEBI regulations and is not expected to materially impact the stock price. However, the report provides investors with valuable insights into Tata Steel's decarbonisation roadmap (Net Zero by 2045), supply chain sustainability initiatives, and progress on the Kalinganagar expansion, all of which shape long-term investor sentiment.