RAMSARUP INDUSTRIES LIMITED
Climate Impact & Sustainability Data (2007-08, 2014-03 to 2015-03)
Reporting Period: 2007-08
Environmental Metrics
ESG Focus Areas
- Environmentally friendly operations
- Socio-economic development
Environmental Achievements
- 20 MW waste heat recovery based power plant registered under UNFCCC for carbon credits
Social Achievements
- Cordial industrial relations throughout the year
- Various training and development initiatives to hone the skills and expertise of its people
- Nil attrition rates at the senior management level
Governance Achievements
- Compliance with the conditions of Corporate Governance as stipulated in Clause 49 of the Listing Agreement
- Established a mechanism for employees to report concerns about unethical behaviour, actual or suspected fraud or violation of our code of conduct or ethics policy
Climate Goals & Targets
Medium-term Goals:
- Emergence among the top ten wire and wire product manufacturers globally, with an estimated capacity of 600000 MTPA
Short-term Goals:
- Increase wire capacity in value-added products segment to 60000 TPA
- Increase TMT bar capacity utilization to 90%
Environmental Challenges
- Increased cost of raw materials
- Economic slowdown impacting infrastructure spending
- Lower penetration in the exports market
Mitigation Strategies
- Focus on value-added products to ensure better realisations
- Focus on branded wire products to maintain margins
- Expansion plans to increase capacity and reduce costs
- Merger with Ramsarup Lohh Udyog Limited for integration and raw material sufficiency
Supply Chain Management
Climate-Related Risks & Opportunities
Reporting Period: 2014-03 to 2015-03
Environmental Metrics
Climate Goals & Targets
Environmental Challenges
- Non-operation of all manufacturing units leading to substantial losses.
- Company classified as a Sick Industrial Company under SICA.
- Impairment in the value of plant and machinery and other fixed assets.
- Breakdown of one wind mill for most of the year.
Mitigation Strategies
- Submitting a revival and rehabilitation/settlement package to appropriate authorities.
- Addressing issues affecting the steel industry (iron ore and coal availability).