INDO AMINES LIMITED

Climate Impact & Sustainability Data (2020-2021, 2022-2023)

Upgraded various manufacturing units into Zero Liquid Discharge Units (ZLD)
Implemented various processes to control/limit generation of effluents and improve the treatment of the same
Installed Bioreactors, Chemical ROs, Multiple effect evaporator and Incinerator, etc. to reduce the discharge of effluents
Commissioning of Waste Heat recovery systems

Maintained cordial industrial relations
Implemented various skill-development, engagement and volunteering programs for employees
Strengthened helpline, offering counselling services throughout the pandemic to help employees cope with mental stress
Launched a medical teleconsultation helpline
Taken a special insurance cover for employees for COVID-19 related expenses

Adopted the Nomination & Remuneration Policy for selection and appointment of Directors, Senior Management including Key Managerial Personnel (KMP) and their remuneration
Carried out an annual evaluation of its own performance, that of individual Directors and as also Committees of the Board
Implemented a Vigil Mechanism named Whistle Blower Policy

COVID-19 pandemic resulted in disruption in operations
Fluctuations in raw material prices and exchange rates
Competition from domestic and international players
Cheap imports
Non-availability of industrial oxygen amid the second wave of the Covid-19 pandemic
Increase in prices of certain raw materials

Ensuring the health and well-being of all employees, and minimizing disruption to services for customers
Factories restarted as they fall under essential product categories
Company’s head Office mostly worked from home
Continuous efforts to improve efficiencies in the supply chain network, to mitigate rising costs of labour and fuel
Inventory and pricing controls are put in place to reduce the risk of fluctuations in raw material prices
Digitally enabling processes across the value chain and bringing in automation for greater transparency and better risk management

Frameworks Used: Indian Accounting Standards (Ind AS)

Third-party Assurance: M/s. Sanjay M. Kangutkar & Associates, Chartered Accountants

Upgraded various manufacturing units into Zero Liquid Discharge Units (ZLD)
Implemented various processes to control/limit generation of effluents and improve the treatment of the same
Commissioning of Waste Heat recovery systems
Reduction, Recovery and Reuse of effluents & other utilities

Maintained cordial industrial relations
Undertook various measures to get views of employees on safety, performance improvements, employee benefit schemes
Imparted training both internal & external to its employees

Implemented a Vigil Mechanism named Whistle Blower Policy
Complied with the requirements of the Sexual Harassment of Women at Workplace (Prevention, Prohibition & Redressal) Act, 2013

Long-term Goals:

Consistency in quality of the products and improving production efficiencies
Initiating anti-dumping investigations
Investing in environment friendly methods that include ‘Zero Discharge Plant’ and moved towards utilization of bio fuel energy