Batliboi Limited
Climate Impact & Sustainability Data (2018-04 to 2019-03)
Reporting Period: 2018-04 to 2019-03
Environmental Metrics
Social Achievements
- Cordial industrial relations with employee and union support for productivity and process improvement measures.
- Health, Safety and Environment policy in place and reviewed by the Board.
Governance Achievements
- Annual performance evaluation of Non-Independent Directors, Chairman and the Board.
- Vigil mechanism policy in place to enable Directors and employees to have direct access to the Chairman/Managing Director or the Members of the Audit Committee.
Climate Goals & Targets
Environmental Challenges
- Slowdown in the Indian economy in the last quarter of 2018-19.
- Growing competition for limited business in Textile Air Engineering, resulting in unsustainable market price levels and margin pressure.
- Overall slowdown in the spinning segment of the Textile Machinery Group.
- Uncertainty about government policies.
- Chinese market slowdown resulting in reduced order booking in AESA Air Engineering.
Mitigation Strategies
- New product development and focus on product cost reduction in Textile Air Engineering.
- Merging of AESA-India and Textile Air Engineering Division operations under the new brand ‘Batliboi-AESA’.
- New representations in the processing sector of the Textile Machinery Group to bring in incremental revenue.
- Increased focus on high productive sustainable technology in the Textile Machinery Group.