1 / 224

Tata Projects Ltd. | 42nd annual report 2020-21

https://www.tataprojects.com/tt<br>Tata Projects Ltd. | 42nd annual report 2020-21

mukesh7
Télécharger la présentation

Tata Projects Ltd. | 42nd annual report 2020-21

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. PROJECTSLIMITED 42nd Annual Report2020-2021 Simplifying Complexities. Creating Value.

  2. About theCompany Tata Projects is one of the fastest growing and most admired infrastructure companies in India. We useour expertise to execute large and complex industrial and urban infrastructure projects. We are driven by our belief that of the many complexities associated with a project,construction is one aspect that can be simplified through superior execution andmanagement capabilities thatdeliver the best solutions tosuit customerneeds. Contents 1 Introducing TataProjects 4 Managing Director’smessage 6 BoardofDirectorsandLeadershipTeam 8 Corporateidentity 10 Globalpresence 12 Delivering world-classprojects 14 Corestrengths 16 Key performanceindicators Businesssegment Industrial 20 Metals &Minerals 22 Oil &Gas 24 Power 26 Transportation 28 UrbanInfrastructure 30 Water 32 Space &Nuclear 33 Corporateinformation 34 Management discussion andanalysis Statutorysection Directors’Report 84 Standalone FinancialStatements 148 Consolidated FinancialStatements

  3. Simplifying Complexities. Creating Value. Be it building top-notch blastfurnaces, power plants, freight corridors, metros or mixed-use buildings, we approach our projects with the belief that the structures we create, help propagate infrastructure development thereby abetting civilisationalprogress. Through our construction of iconic structures or networks, we contribute to the building of the necessary infrastructure that simplifies and improves thelivesofpeople.Eachconstructionprojectiscomplex in itself, but the deployment of the right engineering skills, cutting-edge technology, construction philosophy, and managerial techniques cansimplify the process while deliveringthe best solutions for thecustomer. For years, we have achieved this seeminglyimpossible feat while setting new benchmarks for theindustry. Our commitment to quality and on-time execution, added with our ability to integrate social and environmental concerns in our businessoperations, has enabled us to create long-term value for our stakeholders and for the society atlarge.

  4. Key performance snapshot, FY2020-21 FINANCIAL `12,011crore Revenue `768crore EBITDA `233crore Profit BeforeTax OPERATIONAL `8,860crore New orderbooking `48,497crore Orderbacklog >30 Key projectscompleted SUSTAINABILITY 3,391 Employee volunteering hours forCSR 25,994 Lives impactedthrough our CSRinitiatives 24,201 Treesplanted 2 42ND ANNUAL REPORT2020-21

  5. PG.1-16 INTRODUCINGTATA PROJECTS BUSINESS SEGMENT MANAGEMENT DISCUSSIONAND ANALYSIS STATUTORY SECTION Tata Projects on a risingcurve From implementing Balance of Plant and Transmission & Distribution projects a decade back, Tata Projects has grown exponentially. Today, with its trademark quality, expertise and confidence, it executes large and complex projects in India and abroad that meets customer aspirations and improves the quality oflife. ICONIC NewParliament House Balasaheb Thackeray NationalMemorial RESPONSIBLE CovidFacilities SmogTowers NEWWORLD DataCentres ElectronicsFacilities Integral CoachFactories BUILDINGNATION Mumbai TransHarbourLink Metros Dedicated FreightCorridor 3

  6. Managing Director’smessage Journey ofexcellence We measure success by the quality of our delivery, our ability to keep ouremployees and workforce safe, the relationships we build with our clients &community, and the positive impactwe have onsociety. clients achieve their ambitious goals. Successful delivery of any project hinges on a talented and capable team. In the projects that we work on, our employees make a difference by forging relationshipsandofferingsolutionsthathelpour clients plan fortomorrow. We measure success by the quality of ourdelivery, our ability to keep our employees and workforce safe, the relationships we build with ourclients & community, and the positive impact wehave onsociety. During the financial year 2020-21, COVID-19 unfolded unprecedented challenges globally as also to our company. We actively metthose challenges to protect our employees,workforce and keep our projects up and running. This included changeover to remote and modifiedways of working, that was accomplished quickly and smoothly. In the midst of lockdowns and migrant labour exodus, our dynamic execution planning and lean structure ensured that we were able to grow our revenues over 2019-20. This testifies to our tremendous organisational flexibility,with our employees rising to the challengeswith greatadaptability. DearShareholders, For more than 40 years, Tata Projects has been delivering complex projects to its clients and changing the world for the better. We have been working with our clients to provide energy,shelter, connect communities, and improve quality oflife. Our ability to simplify complexities is driven by our employees’ relentless need to deliver, which helpsour 4 42ND ANNUAL REPORT2020-21

  7. PG.1-16 INTRODUCINGTATA PROJECTS BUSINESS SEGMENT MANAGEMENT DISCUSSIONAND ANALYSIS STATUTORY SECTION Asresponsiblemembersofthe TataGroup,westepped up when society called upon us. We assisted various Government bodies in setting up or operationalising capacity for COVID-19 patient care. Our work resulted in adding capacity to care by more than 1,800 isolation beds and 500 critical care beds. With the lockdown affecting the livelihood of people, we also provided meals to the migrant labours at various locationsacross thecountry. Infrastructure projects employ workers, extend the multiplier effect across other segments like steel, cement etc. while also improving the productivity of the society. For this reason, the sector has emerged as a preferred tool across countries to jumpstart the pandemic- ravaged economies. The Government of India has also doubleddownonitsinvestmentplanbyincreasing the budgetary allocation towards the infrastructure sector, launching massive Production linked Incentive Plans for promoting industrial infrastructure, setting up of Development Finance Institution to finance the projects,etc. Our trusted name and execution expertise combined with a well-diversified presence leaves us well positioned to take advantage of these future opportunities. Based on our order book and strong tender pipeline, the fundamental outlook remains positive. Our segments of presence are particularly well suited to the challenges faced by society i.e. mobility, housing, energy efficiency, and ecological transition. We are well prepared to take upon these opportunities as we have a strong team to see themthrough. During the year, we received the prestigious order for New Parliament Building. With this, we have a healthy order backlog of more than H48,000 crore. This backlog spans across 8 segments of infrastructure that we are present in. A few years back, the company embarked on a quest to diversify its segments of presence and build a balanced portfolio. This task has been accomplishedand we are proud of ourachievement. The construction industry is poised for progressthrough the application of technology. Advances in technology are redefining excellence in our business. A few years back, we embarked on a digital transformationjourney `48,000crore Orderbook of how we operate and execute our projects. We have travelled some distance since then. Our mix of applications and process changes are helpingus monitor construction progress on major projects, keep track of man-material-machine andcontrol costs. Our goals in digital transformation are reduced projectdeliverycostsandimprovedtimetoconstruct with better quality, higher safety, and effortless collaboration. We shall continue to invest our energy and resources towards thesegoals. We stay committed to protecting the environmentand contribute to society by actions and contributions in and around our more than 200 project sites. During the year, we installed rooftop solar power generation capacity at our Tower Manufacturing Plant in Nagpur tomeetalargepartoftheenergyrequirement. We are taking similar environment friendly actions across various project sites. We extensively focus on community development around our project sitesby not only generating employment but also providing education to the children, scholarship to theneedful, andfocusonhealthandhygieneofthepeople. I hope and pray that we come out of the COVID-19 pandemicwithminimalimpactonthelivesofpeople, andweemergestrongertomeettheneedsof thecommunity. Vinayak KDeshpande ManagingDirector 5

  8. Board ofDirectors Neera Saggi Independent Directorand NRCChairperson Sanjay V Bhandarkar Independent Director and Audit CommitteeChairman Bobby Pauly Investor Representative Director BanmaliAgrawala Non-ExecutiveChairman Ramesh NSubramanyam Non-IndependentDirector Sanjay KBanga Non-IndependentDirector NipunAggrawal Non-IndependentDirector Vinayak KDeshpande ManagingDirector 6 42ND ANNUAL REPORT2020-21

  9. PG.1-16 INTRODUCINGTATA PROJECTS BUSINESS SEGMENT MANAGEMENT DISCUSSIONAND ANALYSIS STATUTORY SECTION LeadershipTeam Vinayak KDeshpande ManagingDirector AmarjyotiBarua Chief FinancialOfficer GaneshChandan Chief Human ResourceOfficer Rajit HDesai Chief ProjectControls KSatyanarayana Chief Operating Officer -SBG IndustrialSystems VivekGautam Chief Operating Officer -SBG CoreInfrastructure RahulShah Chief Operating Officer -SBG UrbanInfrastructure Tenny K Cherian Chief Operating Officer- SBGServices HimanshuChaturvedi Chief StrategyOfficer GaneshIyer Chief Procurement Officer and Head - InformationTechnology Venkata RKorrapati Vice President - Contracts &Legal 7

  10. Corporateidentity Designed tosimplify Established in 1979, Tata Projects has emerged as one of the most preferred partners in executing large industrialand urban infrastructure projects inIndia. We provide ready-to-deploy solutions for refineries, roads, bridges, integrated rail and metro systems, commercial buildings, airports, power generation, transmission and distribution systems, chemical process plants, water and waste management and mining and metal purification systems, smart city solutions, and third-party testing, inspection, and certificationservices. Our engineering excellence, robust technologyplatforms, supply chain expertise, and construction management helpus to deliver quality projects on-time while meeting our uncompromising standards of safetyand sustainability. 8 42ND ANNUAL REPORT2020-21

  11. PG.1-16 INTRODUCINGTATA PROJECTS BUSINESS SEGMENT MANAGEMENT DISCUSSIONAND ANALYSIS STATUTORY SECTION Ourethos Mission To make the world a more efficient, prosperous and safer place by providing sustainable Engineering and Construction Projects and TechnologyServices Vision Among the top 50 global infrastructure companies (on-time always,responsible, caring, admired,respected) Values Integrity Pioneering Unity CulturalPillars A G I L E Responsiblity Excellence • Genuine • Honest • Respectful • Caring • Innovative • Challenging statusquo • Thinking Creatively • Doing Differently • Entrepreneurship • Ownership • RiskTaking • Resourceful • Alwaysahead • Energetic • Initiative • Leading Learning • Observant • Inquisitive • Questioning Awards andrecognition CEO Insightsrecognises Tata Projects amongst top 10Construction & Infrastructure ManagementService Providers BestConstruction Project awardfor CP-102 & 103 ofEastern Dedicated Freight CorridorProject Tata Projects recognised as the Best Infrastructure Brand 2020-21 by The EconomicTimes 9

  12. Globalpresence Deepeningour footprint across theworld We have beenpartnering India’s growth story for the last fourdecades. Our aspiration ofbecoming a globally-recognised infrastructure company has driven us to expand our footprint and establish a global supply chain. This,in turn, enables us to create value for ourcustomers. 1 Shanghai AbuDhabi 10 Oman Muscat Dusseldorf 5 SouthAfrica Durban 10 42ND ANNUAL REPORT2020-21

  13. PG.1-16 INTRODUCINGTATA PROJECTS BUSINESS SEGMENT MANAGEMENT DISCUSSIONAND ANALYSIS STATUTORY SECTION 4 14 12 8 3 9 11 10 2 7 13 6 5 11

  14. Delivering world-classprojects Building for thefuture Over the years, we have been associated with marquee projects in India andabroad, delivering class, quality, and precision. We are actively engaged in over 200 projects, which will provide substantialvalue to ourcustomers. 12 42ND ANNUAL REPORT2020-21

  15. PG.1-16 INTRODUCINGTATA PROJECTS BUSINESS SEGMENT MANAGEMENT DISCUSSIONAND ANALYSIS STATUTORY SECTION 6 Space & Nuclear projects 20+ Processplants 15,000km Transmissionlines 1,700Tkm Railwaynetwork 60+ Buildings 2 Iconicbridges 1st of its kind river rejuvenation project inIndia 10 Metros 13

  16. Corestrengths Building onour fundamentals At Tata Projects, we believe that a project has manycomplexities, constructionshould be the least of them. In an industry that is still evolving in terms of processes,digitalisation and global linkages, we are working towards setting industry benchmarks interms of the way projects are beingmanaged anddelivered. Customer-first Customer-centricity lies at the heart of our business model. We provide turnkey end-to- end solutions across diverse sectors that cater to the needs of customers. We execute and deliver projects on-timewithin the outlined budget and thus deliver customerdelight. Diversified footprint Eversinceourinceptionin1979, we have been committed to accelerating India’sprogress. We have diversified our portfolio of services to ensure that we can contribute in every way in the infrastructure space. As a result, our footprint now extends across sectors such as power, water, metals and minerals, space and nuclear, transportation, urban infrastructure, oil and gas, and industrial. We have gained invaluable experience along the way, which helps usdeliver world- class projectson-time. 14 42ND ANNUAL REPORT2020-21

  17. PG.1-16 INTRODUCINGTATA PROJECTS BUSINESS SEGMENT MANAGEMENT DISCUSSIONAND ANALYSIS STATUTORY SECTION Simplifying complexities We entered the businesswith one motive: to ensure that we are able to simplify the complexities that are a part and parcel of infrastructure creation. To ensure this,we made sure that ourcapabilities, processes and services are not justthebestinIndia,butatpar with global benchmarks. Our experienced and extremely competent engineers,with the help of revolutionary technologies, provide high quality, cost-effective, andtime- boundservices. Digital infrastructure We constantly strive to enhance our technological capabilities in both construction and project management to enable faster delivery, improved productivity, lower costs, and better control over the project execution lifecycle. We have taken various digital initiatives and have integrated the latesttechnologies andprocesseswithinexecutionof our projects, including BIM, CTS, modular construction, and lean constructionpractices. We strategically collaborate with the technology leaders to ensure thatweareabletoexecuteworld- classprojectsandourclientshave best-in-classservices. Global supplychain Over the years, we have substantially grown our globalfootprinttomorethan 40 countries. With our JVs and subsidiaries all across the globe, we have forged long-standing relations with suppliers worldwide.Our supply chain managementteam continuously monitors and reviews processes to minimise procurement cost and identify reliable sub-contractors/ suppliers. Our global supply chain and expansive presence enable us to execute projects and deliver services anywhere across the worldwithout anydelay. 15

  18. Key performanceindicators Building organisationalvalue EBITDA PBT Revenue 13,230 390 775 768 749 12,011 10,514 285 543 9,061 233 416 205 6,236 183 (₹ incrore) (₹ incrore) (₹ incrore) FY17 FY18 FY19 FY20 FY21 FY17 FY18 FY19 FY20 FY21 FY17 FY18 FY19 FY20 FY21 Orderinflow Orderbacklog 53,194 28,190 52,675 48,497 20,265 34,025 32,261 12,944 11,787 8,860 (₹ incrore) (₹ incrore) FY17 FY18 FY19 FY20 FY21 FY17 FY18 FY19 FY20 FY21 Note:OrderbookingandbacklognumbersinthisreportincludesourshareofJVs. 16 42ND ANNUAL REPORT2020-21

  19. PG.17-32 INTRODUCINGTATA PROJECTS BUSINESS SEGMENT MANAGEMENT DISCUSSIONAND ANALYSIS STATUTORY SECTION Presence across the valuechain Building on ourreputation We cover multiple sectors across the project value chain right fromengineering, construction, project management to operations, maintenance, refurbishment and lifecyle services. With ourrich industry experience, domain expertise and capabilities, we deliver challenging projects across sectors andgeographies. We have executed projects in various geographies including India, South Asia, SouthEast Asia, Middle East, and Africa. We also provide comprehensive inspection, expediting, vendor assessments, asset integrity management and project management consultancyservices. We actively engage with clients to identify and propose solutions which candeliver better results and deploy their capitaleffectively. Concept Design Engineering LifecycleServices Construction Procurement 17

  20. Businesssegment Industrial Key highlights FY2020-21 As our country increasingly focuses on ‘Make in India’, there will be a associated need forstate-of-the-art industrialfacilities. As an organisation, we are proud to contribute to the modernisationand augmentation of India’s industrial capability to enable the nation to compete in the globalarena. • Construction of the largest e-loco manufacturing facility in the country for Alstom on design-build basis • Execution of the largest-of-its-kindelectronics assembly facility inAsia • Hand-over of Integral Coach Factory,Chennai • CompletedmajorCivilWorksforHotStripMillat JSW Dolvi steelplant We provide comprehensive designing and construction solutions for the setting-up, expansion or modernisation of manufacturing works, fabrication facilities, and industrialprojects. Technology-driven prefabrication construction andin-housedesigncapabilitieshelpusdeliver projects within the agreed time frame and in conformity with the highest quality and safety standardsthatwehavesetforourselves. Diesel locomotivefacility - RVNL,Varanasi 18 42ND ANNUAL REPORT2020-21

  21. PG.17-32 INTRODUCINGTATA PROJECTS BUSINESS SEGMENT MANAGEMENT DISCUSSIONAND ANALYSIS STATUTORY SECTION Keyprojects Civilworks - Tata Steel, Kalinganagarplant E- Locomotive manufacturingfacility - AlstomMadhepura Coachmanufacturingfacility-ICF Chennai Foodprocessingfacility-ITCPanchla 19

  22. Businesssegment Metals andMinerals Key highlights FY2020-21 We provide end-to-end, customised solutions for Ferrous and Non-Ferrous industriesusing cutting-edgetechnology. In addition to EPC and assurance services, we have a strong service offering of Operations, repair and maintenance (O+R&M) solutions for the metals and mineralssector. • Received Provisional Acceptance Certificate (PAC) for 4,506 cubic metres steel plant cumblast furnace at NMDC,Nagarnar • Received PAC for Coke Oven Batterypackage in Rashtriya Ispat Nigam Limited (RINL) Visakhapatnamplant • Completed coal handling plant at 2x800MW NTPC Laraplant • Commissioned the Bhilai steel plant waterpackage • Strengthened our presence in the O+R&M segment, executing contracts for multipleclients in the steelindustry We are present across the value chain of iron and steel-making and have expertise in executing bulk material handling systems, orebeneficiation plants, large and complex blastfurnaces andcasters. In the Non-Ferrous sector, we provide Pyro Metallurgical and Hydro Metallurgical solutions for extraction of Copper, Aluminium, Zinc, Lead, Titanium, and precious metals. We also provide solutions for coal washeries, pipe conveyorsand material handling solutions for industries, mines andports. Cokeandcoalhandlingplant - RINL,Visakhapatnam 20 42ND ANNUAL REPORT2020-21

  23. PG.17-32 INTRODUCINGTATA PROJECTS BUSINESS SEGMENT MANAGEMENT DISCUSSIONAND ANALYSIS STATUTORY SECTION Keyprojects Blastfurnaceflarestack-Bokaro One of India’s largest blast furnaces (4,506m3)–3MTPAsteelplant,Nagarnar 4,060 m3 blast furnace of 4.2MTPA steel plant -Rourkela CoalHandlingPlant(CHP)2X800MW power plant - NTPCDarlipali 21

  24. Businesssegment Oil &Gas Key highlights FY2020-21 WeofferstateoftheartsolutionsinOil, Gas, and Hydrocarbons to the Indian and Middle Easternmarkets. We have strong capabilities across the value chain with product offerings including onshore oil fielddevelopment, Refinery, 2G bio-ethanol refineries, fertilisers, gas compression stations, LNG re-gasification, Onshore Oil Processing Units, utilities and offsitefacilities. • Handing over in progress for India’s first public-owned Coal Bed Methaneextraction project at ONGCBokaro • Deepened our presence inthe assurance services withAramco • Engineering completed for HRRL packagesand started constructionworks. • Handed over the EPS-1 & EPS-2 forearly production of gas at ONGC,Bokaro We undertake the establishment of crude oil storage terminals and handling facilities, EPC of refinery process units and petrochemical projects. We also have a strong service offering in this sector including repairs and refurbishment solutions, inspection and expediting services, vendor assessments, andothers. We are currently setting up a crude distillation unitand vacuum distillation unit, vacuum gas oil hydrotreating unit and delayed coker unit for the Rajasthan refinery of Hindustan Petroleum Corporation Limited(HPCL). SomeofourotherclientsincludeONGC,BPCL,Cairn Energy, ADNOC, and EGPC amongothers. India’sfirst public-owned coal bed methanefield development and processingfacility - ONGC,Bokaro 22 42ND ANNUAL REPORT2020-21

  25. PG.17-32 INTRODUCINGTATA PROJECTS BUSINESS SEGMENT MANAGEMENT DISCUSSIONAND ANALYSIS STATUTORY SECTION Keyprojects Expansion of storage anddistribution terminal – Emarat,Fujarah Sophisticated aviation turbine fuel terminal-AlBateenAirport,AbuDhabi Onshore MEG regenerationprocess plant for 98/2 Facility -Kakinada CDUVDUfora9MMTPA HRRL refinery -Rajasthan 23

  26. Businesssegment Power Key highlights FY2020-21 We service the entire value chainin the power sector, including power generation, transmission, last mile distribution, smart grid solutions andinspections. We provide solutions for thermal power plants such as total EPC,comprehensive balance of plant and flue-gas desulfurisation solutions. We possess years of expertise in planning and executing power distribution solutions making us the preferred choice to lay down powerlines. • Multiple international T&D projects in SouthAsia, South East Asia, East and West Africancountries • Electrified 750 TKM of railway tracks during theyear • Established record for Indian railways by erecting 568mastsinasingledayintheGorakhpurproject • Recorded highest ever dispatch of 40,034 MT ina year by tower manufacturing Unit inNagpur • Won certificate of appreciation awarded by Honourable Prime Minister of Nepal for successful commissioning of Dana Kusma Transmission Line andSubstation With a rich experience in coal and gas-based plants, wehaveexecutedseverallargeandcomplexprojects including setting up of India’s largest power plant of its type at Krishnapatnam. We are currentlyexecuting flue-gas desulfurisation projects for more than 9,000 MW power capacity of NTPC andTata Power. Our expertise in planning and executing power transmission and distribution solutions make us the preferredchoiceforlayingpowerlinesinIndiaandother countries. We have laid more than 15,000 kms of440 V to 1,200 Kv DC power transmission lines in all types of terrains, such as in mountainous Himalayanranges, thick forests, across rivers and deserts. We havealso successfully executed 4,500 track kms of railwayoverhead electrification. We have commissioned over 90 high voltage Air Insulated Substations (AIS) and Gas Insulated Substations (GIS) and set up distributionnetworks at low and medium voltage level under various governmentschemes. We use the latest technologies such as stringing with the help of drones, material transfer with the help of helicrane and ropeways, smart grid management solutions, and 3D engineering to ensure timely delivery in difficult terrains. Wealso have a state-of the-art tower manufacturing capacity in Nagpur, which allows us better control on time, quality and cost ofdelivery. Record 568masts erected in a day for IndianRailways 24 42ND ANNUAL REPORT2020-21

  27. PG.17-32 INTRODUCINGTATA PROJECTS BUSINESS SEGMENT MANAGEMENT DISCUSSIONAND ANALYSIS STATUTORY SECTION Keyprojects Chowgamsubstation-Kulgam,J&K 2x800 MW Supercritical Thermal Power Plant(STPP) - Krishnapatnam, AndhraPradesh Tower erection by helicranein hilly terrains - Rajauri,J&K 500kV TransmissionLine – Surat-Thani, Phuket,Thailand 25

  28. Businesssegment Transportation Key highlights FY2020-21 We offer solutions in constructing airports, railway corridors, roads, bridges, expressways, tunnels,elevated and under-ground metros, inland waterways, andports. Tata Projects has also distinguished itself in airport construction by delivering the terminal building of Bamrauli airport in Prayagraj in a record 11months. • Completed351 kmBhaupur-KhurjasectionofEastern Dedicated Freight CorridorProject • Executed ~100 lakh cumearthwork, 2.6 lakh cum concrete, 126 TKM of track laying, and 107 major and minor bridges in works related to Dedicated FreightCorridor • Completed construction of cable stay bridgeat Karimnagar • Completed tunneling works in Mumbaiunderground metropackage We are proficient in designing and executing integrated packages which involve construction of embankments, flexible and rigidpavements, drainage, elevated and underground stations, airside and city side airport facilities, Mechanical, Electrical and Plumbing (MEP), structures, tunnels, track works, overhead electrification, traction substations, signalling and telecommunicationworks. Our experience in executing transportation projects includes the laying of more than 1,700 track kmsof civil and track works for dedicated freight corridors, ten metro packages, several roads and bridges projects, including the iconic Mumbai Trans HarbourLink. Inauguration by Hon.PM Eastern Dedicated FreightCorridor - Bhaupur-Khurjasection 26 42ND ANNUAL REPORT2020-21

  29. PG.17-32 INTRODUCINGTATA PROJECTS BUSINESS SEGMENT MANAGEMENT DISCUSSIONAND ANALYSIS STATUTORY SECTION Keyprojects Mumbai Trans Harbour Link, thelongestseabridgeinIndia BuildingIndia’sfirstofitskind dedicated freightcorridor Lucknow under-groundmetro, completed ahead of schedule 1st airport in India with city sideinfrastructure completed in record time of 11 months - Bamrauli Airport,Prayagraj 27

  30. Businesssegment Urbaninfrastructure Key highlights FY2020-21 We offer solutions in buildings space across residential, commercial, and mixed-use including affordablehousing, high rise premium buildings, hospitals, data centres, hotels, warehouses, station modernisation and iconicstructures. We also provide Smart City solutions in public safety, smart traffic, smart energy, fibre and Wide Area Network (WAN) and integrated smart citymanagement. • Started construction of prestigious New ParliamentBuilding • Secured distinctive BalasahebThackeray National Memorialproject • Fast-track execution of multiple data centreprojects • Handed over 1.6 crore sqft of commercial and residential building spaceduring • theyear • Delivered over of ~2,000 beds AIMS hospital at Faridabad and ~1,000beds Medanta hospital atLucknow Providing EPC solutions in complex and large projects is our area of strength. We have so far worked on over 60 varied building projects across India. We are currently executing marquee projects such as the BDD Chawl rehabilitation project at Mumbai’s Worli area, fibre cable laying under the BharatNet project, and construction of IIT Jodhpurcampus. We are providing smart lighting solutions in the cities of Pune, Noida, Nashik, andLudhiana whoseresidentsarebenefitingfrom~4lakhLED streetlights and prompt customerservice. Startedconstruction of the iconic New ParliamentBuilding 28 42ND ANNUAL REPORT2020-21

  31. PG.17-32 INTRODUCINGTATA PROJECTS BUSINESS SEGMENT MANAGEMENT DISCUSSIONAND ANALYSIS STATUTORY SECTION Keyprojects IIT campus -Jodhpur Balasaheb Thackeray National Memorial -Mumbai Smartlighting-PuneSmartCity Residential towers - Godrej,Bengaluru 29

  32. Businesssegment Water Key highlights FY2020-21 We offer end-to-end industrial and municipal water treatment solutions, river rejuvenation, water supplysystem, sewage system, waterdesalination, and effluent treatment plants. We also undertake construction of river water and seawater intakesystems. We capitalise on our in-house design, technology partnerships and real time project monitoring to execute diverse projects in this segment. We also focus on circular economy and provide unique solutions to various customers in converting wastewater to potable and industrial water. We supply packaged Reverse Osmosis (RO) water purification systems in the capacity range of 200-10,000 litres per hour to ruralareas. • Sewage network for Ujjain smart city project – partlycommissionedandinauguratedbytheState Government • Construction of supply of drinking water infrastructure in 132 wards under Mukhyamantri Nishchay (Quality Affected) Yojna of the Bihar Government • Successfully developed a mobile STP plant in a container, a sustainability solution for treatment of grey sewage water into utility water complying with PCBnorms • Completed a pilot for removal of arsenic from drinking water in collaboration with BARC,Mumbai • Pipe network laid for more than 500kmacross multipleprojects We provide operations and maintenance services in bulk water supply, sewage treatment plants, distribution network and also for ROplants. Some of our noteworthy solutions for providing drinking water to rural and far-flung areas havebeen mobile RO plants for disaster management, Internet of Things (IoT) enablement for remote control and monitoring, nano-coated jerry cans, ozonators and SMS based pumpstarters. We also have the distinction of executing a unique river rejuvenation project in Jaipur where we have transformed the 48 km water tunnel or nallah into a green channel utilising output from freshsewage treatment facilities of 170MLD. 100MLDSTPatRIICO- Rejuvenation of DravyavatiRiver -Jaipur 30 42ND ANNUAL REPORT2020-21

  33. PG.17-32 INTRODUCINGTATA PROJECTS BUSINESS SEGMENT MANAGEMENT DISCUSSIONAND ANALYSIS STATUTORY SECTION Keyprojects 92.5MLDcapacitySewageTreatmentPlant-Ujjain Rejuvenation of Dravyavati river -Jaipur Composite gravity dam & pressurised pipedmicro-irrigationnetworksystem- Hanota, MadhyaPradesh ROPlantwithremotemonitoringsystem 31

  34. Businesssegment Space andNuclear Key highlights FY2020-21 We are proud of our contribution to India’s Space and Nuclearprogramme. Our eminent clients in this sector include Indian Space Research Organisation (ISRO), Bhabha Atomic Research Centre (BARC) and Nuclear Power Corporation of India Limited (NPCIL) for whom we build complex structures and provide on-site integrationservice. • Repeat order from BARC Tarapur for various civiland mechanical works for its researchcentre • Executing India’s Largest Trisonic Wind Tunnelat Thiruvananthapuram,Kerala • Executing largest-of-its-kind fuel fabrication facility in the country at Kota,Rajasthan • NPCIL-Hissar Project: Successfully completed pile load test with a load of 4,750MT on 1,500mm diameter & 40m long pile. This is the highest loading done on a pile so far inIndia We have reinforced our strong presence in the nuclear sector by securing orders for the construction of facilities at BARC and NPCIL in Haryana. This involves construction of fast reactor fuel complex, nuclear fuel fabrication and processing facilities, civil structure, piping systems, and other suchstructures. Our construction capabilities in the Space segment include semi cryogenic and cryogenic engine testing facilities, Trisonic Wind Tunnel, and spacelaunchpads. Constructing Semi-cryogenicFuel System and Cryogenic Engine Testing Facility forISRO 32 42ND ANNUAL REPORT2020-21

  35. Corporateinformation BOARD OFDIRECTORS LEADERSHIPTEAM BANKERS Chairman BanmaliAgrawala Directors NipunAggarwal Ramesh NSubramanyam BobbyPauly Sanjay KBanga IndependentDirectors NeeraSaggi Sanjay VBhandarkar (w.e.f. March 09,2021) ManagingDirector Vinayak KDeshpande Observer RiteshMandot Vinayak KDeshpande ManagingDirector AmarjyotiBarua Chief FinancialOfficer GaneshChandan Chief Human ResourceOfficer Rajit HDesai Chief ProjectControls KSatyanarayana ChiefOperatingOfficer,SBG-IndustrialSystems VivekGautam Chief Operating Officer, SBG - CoreInfra RahulShah Chief Operating Officer, SBG - UrbanInfra Tenny KCherian Chief Operating Officer, SBG -Services HimanshuChaturvedi Chief StrategyOfficer GaneshIyer Chief ProcurementOfficer Venkata RKorrapati Vice President - Contracts &Legal State Bank ofIndia CanaraBank Union Bank of India Indian OverseasBank Bank ofBaroda Kotak MahindraBank ICICIBank IndusInd Bank Axis Bank DeutscheBank Mizuho Bank HDFC Bank Federal Bank HSBC EXIMBank YesBank SOLICITORS M/s. Mulla &Mulla Craigie Blunt & Caroe, Mumbai Vakils Associated, Hyderabad Parekh & Co.,Delhi CompanySecretary B SBhaskar Chief FinancialOfficer AmarjyotiBarua (w.e.f. May 17,2021) AUDITORS OFFICES ININDIA OVERSEASOFFICES Price Waterhouse & Co., Chartered AccountantsLLP RegisteredOffice Mithona Towers-1, 1-7-80 to 87, Prenderghast Road, Secunderabad - 500003 Corporate Office One BoulevardStreet, Lake BoulevardRoad, Powai, Mumbai - 400076 OtherOffices SplendidTowers, 1-8-437, 438, 364 &445 S.P. Road, Begumpet, Hyderabad - 500003 UAE, Thailand, South Korea, Nepal, Kenya, Ethiopia, South Africa, Germany, Mauritius, China,Brazil INTERNALAUDITORS MANUFACTURINGUNITS Ernst & YoungLLP Tower ManufacturingUnit Plot No. D1, Krupa Nagar, MIDC,Umred Nagpur – 441203 TRANSFERAGENTS TSR DarashawLtd 6-10, Haji Moosa PatrawalInd, 20 Dr E Moses Road, Mahalaxmi, Mumbai-400011 Water Purification DevelopmentCentre 2,69/2,Kandlakoya, Medchal Mandal, R.R. Dist - 501401 DEBENTURETRUSTEES AdityaTradeCenter Ameerpet, Hyderabad - 500038 SBICAP TrusteeLimited 6th Floor, Apeejay House, 3, Dinshaw Wachha Road,Churchgate, Mumbai - 400020 Catalyst TrusteeshipLtd Windsor 6thFloor, Office No 604, CST Road, Kalina, Santacruz (E), Mumbai - 400098 1st Floor, Tower-1 Okaya Centre, B-5, Sector-62, Noida -201 301 33

  36. ManagementDiscussion andAnalysis We strive to simplify complexity andcreate world-class projects on-time by providing innovativesolutions. 34 42ND ANNUAL REPORT2020-21

  37. PG.34-60 INTRODUCINGTATA PROJECTS BUSINESS SEGMENT MANAGEMENT DISCUSSIONAND ANALYSIS STATUTORY SECTION Economic and sectorallandscape Economy Having battled one of the biggest recessions in recent memory, India’s economic growth found greenerpastures during the second half of FY 2020-21. This resulted in a sustained improvement from the contraction during first half. The National Statistical Office estimates this fiscal year’s GDP (Gross Domestic Product) to contract by8%. While India witnessed a GDP contraction of 15.9% in the first half owing to the country wide lockdown, higher government spending, pent-up demandacross various sectors and increase in exportscontributed to the improved economic performance. Overall,the country must prepare itself for a loss of 11% GDPin real terms compared to its previoustrajectory. According to the Economic Survey 2020-21, India’s real GDP growth for FY 2021-22 is projected at 11%. In tandem with strategic actions taken by major economies, India sought to combat the COVID-19 impact by providing fiscal stimulus.This was instrumental not only in driving the economic recovery but also played an important role in bringing the Indian government’s Atmanirbhar programme to theforefront. Demand-side GDPcomponents (%y-o-y) 30 20 10 0 -10 -20 -30 -40 -50 `14 lakhcrore Construction sector Gross ValueAddition (GVA) Q2FY21 FixedInvestment Q3FY21Q4FY21 Govt.Consumption Q4FY20Q1FY21 PrivateConsumption Infrastructureindustry The infrastructure industry is witnessing a major shift with technology driving disruption. Macroeconomic fluctuations and COVID-19 related interruptions are pushing the industry towards leaner cost structures and balance sheet size. Considering the changing scenario, agile players are consolidating their position by realigning with the newnormal. The initial roadblocks created by the lockdowns gave way to rapid development and momentum in the infrastructure sector across segments, such as railways, roads, metros, refineries,water, buildings, and high-speed rail. Given the impact of infrastructure investment on capital productivity as well as its multiplier effect on other sectors, many countries, including India, focused on stimulus that was driven by infrastructureinvestment. The government of India has sought to accelerate capital investment in the economy through far-reaching production linkedincentiveplansenvisaginganinvestmentof₹2.5lakhcrore toenhancelocalmanufacturingandthecountry’sexportbase. ThisisinadditiontotheNationalInfrastructurePipeline(NIP)of ₹132 lakhcroreoverthenext5to6yearstoensuregrowthinthe infrastructuresector. 35

  38. Market map (NIP) (Ilakh crore) 20 15 10 5 0 Roads RuralInfra Airports Agri andFood ProcessingInfra Irrigation Petroleumand NaturalGas Ports Urban SocialInfra Waterand Sanitation Industrial Infra Power DigitalInfra Atomic Energy Railways Renewable Energy The Government of India increased overall capital expenditure by 26% to I5.5 lakh crore in its Budget for FY2021-22 with a focus on building quality infrastructure and accelerating GDP growth. Further, to provide longterm funding for infrastructure investment, the government announced the launch of a new Development Financial Institution with a targeted lending portfolio of ₹5 lakh crore in three years. ANational Monetisation Pipeline is also being introduced for brownfield infrastructure investment and monetising public infrastructureinvestments. In addition to the central government’s thrust on spending, state governments have also increased their capex investment. Various states are in a fiscal expansion mode, with energy, water, urban development, roads and bridges andtransportreceivingincreasedallocationintheirBudget. Steelprices During the year, there was an unprecedented increase in steel prices with more than a 45% increase in domestic Hot Rolled Coil (HRC) over 12 months. This rise was the direct result of the increase in the price of iron ore and due to the stronggrowthinsteeldemandasglobalmarketsrecovered from a year-long slowdown. The construction and real estate sector account for almost 55-60% of the total steel consumption in India. The rise in steel prices will continue to adversely affect the infrastructureindustry. 132+ lakhcrore Over 7,500projects National Infrastructure Pipeline(NIP) 36 42ND ANNUAL REPORT2020-21

  39. PG.34-60 INTRODUCINGTATA PROJECTS BUSINESS SEGMENT MANAGEMENT DISCUSSIONAND ANALYSIS STATUTORY SECTION Financialcommentary In FY 2020-21, TPL registered a total operating revenue of ₹12,011 crore, a 14% growth over the previous year. This growth was achieved in the face of major constraints, such as intermittent lockdowns, social distancing measures and labourmigrationduetothepandemic.Ourprofit after tax grew 22% to I125crore. Generating free cash flows has been an area of focus for the company and during the financial year, we generated I 652 crore cash from operations compared to ₹92 crore in the previous year. Another area of focus was Operational Excellence (Opex) with the objective to create real time improvement and innovative solutions and bring fixed and variable costs under control. We also initiated a Zero-Based Budgeting (ZBB) exercise to streamline operations and limit spending across variouslevels. The ZBB and Opex programmeswere accorded high priority with regular assessment of the progress by the senior leadership team under various cost heads, such as rentals, travel, fuel, electricity, consumables, and IT. Our Company also focussed on liquidation of its outstanding tax refunds. These measures resulted in several accomplishments: • Replacement of the grid power at TMU Nagpur facility with renewable solarpower • Achieved 17% reduction in fixed costswhile accomplishing 14% higherrevenue • Significant tax asset liquidation with tax refunds of more than ₹400 crore contributing to thecashflow • Reducingredundancybygivingupoffice space of 21,000 sqft 37

  40. COVID-19outbreak The pandemic containment measures posed several challenges to the business continuity and operational strategies. After the initial lockdown, execution of projects hadaslowrecoveryandourCompanycontinuestomonitor the impact and plan its operationsaccordingly. 38 42ND ANNUAL REPORT2020-21

  41. PG.34-60 INTRODUCINGTATA PROJECTS BUSINESS SEGMENT MANAGEMENT DISCUSSIONAND ANALYSIS STATUTORY SECTION Operations duringCOVID-19 To limit disruption at project sites while ensuring the safety of workforce, our Company focused on developing various technological services and introduced digitalisation in various aspects, including Digital Twin, drones and the Industrial 4.0 strategy. These transformations enabled the organisation to remotely monitor their workforce, assetsandmaterialinordertomanagesafetyandsustainabilityinoperations. COVID CONTROLINITIATIVES Dedicated isolationrooms Ayushkadhaandfooddistributionforimmunity Facial recognitiontechnology Attendance, Mask,Temperature Workplace assessment-Safety & Hygiene(WASH) COVIDreportingandtrackingonmobileapp 13 #Projects 61% Overallscore 66% WASH 39

  42. StandingwithIndiainthe fight againstCOVID-19 Proving its mettle time and again, our Company has walked with India as it battled the challenges posed by the pandemic. With the healthcare system under severe stress, Tata Group rose to the challenge of strengthening public healthcare infrastructureacross India. Tata Projects, as the execution partner to Tata Group,provided a critical service to the nation in delivering on-timeCOVID-19 isolation facilities/hospitals. COMBAT COVID-19: TATA GROUP EXECUTIONPARTNER 1800+ Isolationbeds 500+ Critical CareBeds O2Plant & RTPCRsetup 19 Projects CVRamanHospital, Bangalore Equipping wardfor 20 ICUbeds KEMHospital, Mumbai 120 isolation beds 60criticalcarebeds Rudrapur Medical College,Uttarakhand 360 isolationbeds Kasaragod, Kerala 460 isolationbeds 36 quarantinebeds 10 observation beds 40bedsforDoctorrooms 40 42ND ANNUAL REPORT2020-21

  43. PG.34-60 INTRODUCINGTATA PROJECTS BUSINESS SEGMENT MANAGEMENT DISCUSSIONAND ANALYSIS STATUTORY SECTION Digitalinfrastructure Tata Projects considers digital transformation as a key driver for transforming its business processes to makethem more efficient, cost-effective and resilient. We are rapidly increasing the use of technology in construction and project management to ensure on-time delivery, improve productivity, lower costs and exercise structured control over the executionlifecycle. 41

  44. DRONEUSAGE for progress update,surveyand Mumbai Trans HarbourLink inspection As India’s first certification body for drones, we have been employingdrone technology at the MTHL project since its inception. The drones video-record aerial views of the progressapart from providing regular project image reproduction of the site and itsvarious sections and work units. The drones also assist in the survey, tracking and inspection considering the expanseof the site over land andwater. MODULARCONSTRUCTION for increasedproductivity Pre-cast construction is extensively adopted in several areas of our projects in plain and reinforced concretecement works. Be it the sea link bridge, an elevated metro over a busy roador an underground tunnel, we selectthe design to ensure that factory made structures are an integral partof ourconstruction. Voluminous application of pre-cast works is integral to infrastructure projects involving segmental construction of bridges, elevated structures, tunnel liners, friction slabs and RE wall panels. In structural steel construction, our Company is focused on modular construction bydeploying pre-engineered buildings (PEB)as an effective solution in industrial buildings, factories andwarehouses. AhmedabadMetro 42 42ND ANNUAL REPORT2020-21

  45. PG.34-60 INTRODUCINGTATA PROJECTS BUSINESS SEGMENT MANAGEMENT DISCUSSIONAND ANALYSIS STATUTORY SECTION PULLPLANNERSYSTEM MMM (MAN-MACHINE-MATERIAL) for efficient project andresourceplanning trackedandconnectedbyourDigitalTwinsolution Through the design and implementation of thepullplanner Our Digital Twin solution digitally connects and tracks the system, which requires conformance to leanprinciples,our MMM (Man-Machine–Material), which provides a 360-degree Company has been effective in creatingandstreamlining view on the Company’sresources: its projects and improvingproductivity. The planner outlines a 3-month plan on a rolling basiswithpreassigned Man: Monitoring attendance, productivity, complianceand responsibilities. The key enablers, such asdesigns,work safety of the workforce through technology anddigitisation front, materials, sub-contracters and criticalpaymentsare with accurate and real timedata. identified to ensuretimelycompletion. Machine: Construction assets and equipment suchas dumpers, dozers, tippers, concrete mixer vehicles, and diesel generators are digitally connected to track real time location, path, utilisation, fuel usage, maintenance alertsamong otheraspects. Material: Centralised inventory dashboard across projects in different locations provides insight into inventory ageing, stock levels, vendor relationship, price comparison, procurement trends and other critical KPIs that provide strategicdirection. The collaborative approach facilitates in identifying potential obstacles in the system that may delay the project. While it provides visibility on the readiness of the project team, it also helps in understanding the key focus areas that mayrequireproactiveactionstopreventanyprobabledelay. This approach has been instrumental insignificantly increasing our pace ofexecution. MMMtracking Digitally connectedMMM, 360-degreeviewonthe Company’sresources 43

  46. TPLREMOTE INTERFACE MODULE offeringinspectionservicesonremotebasis The TPL Remote Interface Model (TRIM) was launched during the year to provide the entire gamut of inspection services on a remote basis. This enabled us to leverage our deep domain expertise across international locations. TRIM addresses the constraints and challenges of location, transport, distribution and availability of personnel. With a robust mix of technology, process, risk management, delivery methodology and operational skills, TRIM helps with faster turn-around-time, flexibility in deployment of subject matter experts and cost optimisation. With the onset of the COVID-19 pandemic, this technology tool provided business continuity to customers while ensuring the safety of TPL’semployees. BUILDING INFORMATIONMODELLING 3D-4DBIM TPL, as a part of its digitalisation transformation, has migrated its EPC projects to 3D BIM. This helps us reduce the turnaround time, wastages and ensuring seamless communication between engineering and project management teams. In select cases we havealso implemented4DBIMwhichishelpinguswithprojectand resource planning, operations review and formulating catch-upplans.Weplantorefinethisfurtheranddeployit across large scaleprojects. SMARTPROCUREMENT web-based B2Bmarketplace To consolidate TPL’s procurement across project sites for economies of scale, a web-based direct purchase application has been introduced. This B2B marketplace enhancesproductivitybyautomatingalargepartofour supply chain for small ticket purchases. In addition,the centralisation facilitates structured control over costs and the procurementprocess. 44 42ND ANNUAL REPORT2020-21

  47. PG.34-60 INTRODUCINGTATA PROJECTS BUSINESS SEGMENT MANAGEMENT DISCUSSIONAND ANALYSIS STATUTORY SECTION 200+ Fresh graduateshired 5.9% Genderdiversity `2.3crore Revenue peremployee 2,198 Traininghours 45

  48. State-of-the-art digital classrooms in each of the key offices deliver high-impact virtual learning programs. In addition, a new Learning Management System has been implemented that enables self-paced, anywhere/anytime learning by providing employees access to easy-to-learn micro modules and role relevantprogrammes. Talentmanagement TPLisfocusedonbuildingaleadershippipelineforpresent andfuturegrowthwithtwomajorpriority areas: Human capitaldevelopment Human capital is a major asset and the key driver of business growth and success. TPL continuously strives to attract high quality talent, focus on development of high potential employees and provide an inclusive anddiverse work environment for its talent base. As an organisation, we promote just andfair HR practices, implements employee-friendly and progressive policies, leverages digital technologies to engage with employees and focuses on capability development to build a future-readyorganisation. Building organisationalcapability To achieve our long-term business goals and plans, we aim to provide employees with adequate opportunities for professional growth and to strengthen capability at various levels, from timely project execution to organisational skills. In line with this vision, various programmes have been introduced, such as construction project management, commercial and financial management, contractand claims management, global safety certification for all safety personnel and technological training on tools likePrimavera, Candy, Wrench and BIM among manyothers. Early identification and development of future leaderswithafocusyoungtalentintheUnder-30and Under-40categories Developing a robust internal mobility platformthat offers job rotation for high potentialtalent High-performance employees are assessed for leadership potential through a structured Talent Assessment process inpartnershipwithaleading,globallyrenownedconsulting firm. Post the assessment, an Individual Development Plan (IDP) is prepared to address immediate and long-term development. Based on the IDPs, employees are supported with mentoring and nominated for Basic or Advanced Leadership Development Program organised in partnership with leading business schools ofIndia. 46 42ND ANNUAL REPORT2020-21

  49. PG.34-60 INTRODUCINGTATA PROJECTS BUSINESS SEGMENT MANAGEMENT DISCUSSIONAND ANALYSIS STATUTORY SECTION Through the Executive Trainee programme, Tata Project continues to hire fresh engineering graduates from five premium IITs—Chennai, Bombay, Kanpur, Delhi, and Kharagpur. These graduates are put through intensive onboarding programmes and offered afast-track career plan that enables them to quickly assume project leadership roles. These graduates arecoached through a combination of site-based job training and classroom-based programmes to build a high-quality talent pool for futureleadership. Performancemanagement AtTPL,performancemanagementisacontinualholistic process as opposed to traditional annualappraisals. The bi-annual performance management system called ASPIREisimplementedthroughamobile-onlyapplication for easy access and to enable real time updates on key achievements and milestones. This allowsemployees and managers the flexibility to monitor performanceon an ongoing basis and take corrective actions. Features like standardised goals, provision to undertakestretch targetsandamechanismtoseekfeedbackfrompeersand key stakeholders ensure alignment to the organisational and business goals and encouragecollaboration betweenteams. Employeeengagement Employee Engagement is integral to productivity enhancement and employee retention at TPL. Throughout the year, various workshops, events andactivities are organised including people management and engagement skills, bi-annual digital town halls and employee welfare initiatives. The COVID-19 pandemic usheredinaseamlesstransitionfromaphysicaltoa“digital workplace”toconnectandengagewiththeworkforce. TPL’s new digital workplace platform, HUB, enables employees to view key organisation announcements, receive updates on organisational initiatives, share best practices and learnings and participate in entertaining quizzes and polls. It is a one-stop platform with easy access to other microsites and collaboration tools suchas MS Teams and Yammer. Most importantly, the employee rewards and recognition platform has also been digitally revamped and integrated withHUB. Diversity &Inclusion TPL’s consistentfocusondiversityandinclusionhasledtosignificantincreaseintheratiooffemaleemployeesoverthe last three years, and women employees now represent 5.9% of the total workforce. As part of our Diversity & Inclusion efforts, a gender diversity framework was launched based on four pillars 1) Diversity in Recruitment 2) Gender sensitive culture 3) Enabling Infrastructure and 4) Women-toring. Adopting this framework, TPL is focusing on enhancing gender diversity by providing better infrastructure, focusing on hiring more women candidates, development and retention of high-qualitytalentandbuildingagender-sensitiveculture. Theorganisation’sHumanResourcepolicyframeworkincludesmaternityleavepolicy,crèchefacilityandflexiblework timings helps women employees establish work-life balance. The performance assessment process has been revised tosupportreturningmothers.Besidesthis,TPLhasalsointroducedmentorshipprogrammesforwomenemployeesin associationwithTataSonsfortheirholisticdevelopment. 47

  50. Annualprocurement 20lakh cubic metres Ready mixconcrete 2+ lakhMT TMTbars 5+lakh MT Cement 48 42ND ANNUAL REPORT2020-21

More Related