Climate Change Data

Environmental Metrics

Climate Goals & Targets

Environmental Challenges

• Decline in sales revenue of approximately 31.27% compared to the previous year, mainly due to a significant reduction in billet sales (89.36%).

Mitigation Strategies

• Expansion of power generating capacity by setting up a 4 MW Power plant and a 30000 MT kiln in the Sponge division. These expansions are expected to increase production volumes.

Supply Chain Management

Climate-Related Risks & Opportunities

Environmental Metrics

Environmental Achievements

• Decreased generation loss in Power Division from 1.93% to 1.79%
• Applied to CREDA for Solar Power Plant as an alternative energy source

Climate Goals & Targets

Environmental Challenges

• High profit margin in power generation led to not producing M.S. Ingots.
• Long-standing relationships with enterprises resulted in credit periods exceeding legal limits.
• Confirmation from creditors regarding disclosures relating to Micro/Small/Medium Enterprises was in process.

Mitigation Strategies

• Company would ensure that outstanding dues to these parties would be minimized over a period.
• Company would ensure the bifurcation relating to Micro/Small/Medium Enterprises in the next year.

Supply Chain Management

Climate-Related Risks & Opportunities

Environmental Metrics

ESG Focus Areas

• Environmental Safety
• Corporate Responsibility
• Conservation of Energy
• Pollution Control

Environmental Achievements

• Installed Waste Heat Recovery Boilers (WHRB) generating 12 MW power/hour, preventing waste heat and fumes from diluting in the atmosphere.
• Implemented Emission Stream Pre-treatment (ESP) machines to filter gases from all chimneys.
• Undertaken plantation to cover most of the area near the industry.

Social Achievements

• Maintained peaceful industrial atmosphere and mutual trust between management and employees.
• Implemented an Anti-harassment policy in line with the Sexual Harassment of Women at Workplace (Prevention, Prohibition and Redressal) Act, 2013.

Governance Achievements

• Practiced good Corporate Governance, emphasizing transparency, accountability, and integrity.
• Complied with Listing Agreement requirements.

Climate Goals & Targets

Environmental Challenges

• Increased cost of iron ore and coal, impacting profitability.
• Disruption of coal linkages due to Coal India's new coal distribution policy.
• Increased coal prices.

Mitigation Strategies

• Developing captive coal mines (delayed due to external factors).
• Procuring coal through e-auctions and overseas markets.

Supply Chain Management

Climate-Related Risks & Opportunities

Awards & Recognition

• Best Manufacturer Supplier of steel ingots & billets in Chhattisgarh State

Environmental Metrics

ESG Focus Areas

• Safety
• Pollution Control
• Corporate Governance
• Conservation of Energy
• Industrial Relations
• Sexual Harassment

Environmental Achievements

• Installed Waste Heat Recovery Boilers (WHRB) generating 11.5 MW power/hour, preventing waste heat and fumes from diluting in the atmosphere.
• Implemented Emission Stream Pre-treatment (ESP) machines to filter gases from chimneys.
• Undertaken plantation to cover most of the area near the industry.

Social Achievements

• Maintained peaceful industrial atmosphere and mutual trust between management and employees. No strikes, lock-outs, or labor protests since incorporation.
• Implemented an Anti-harassment policy in line with the Sexual Harassment of Women at Workplace (Prevention, Prohibition and Redressal) Act, 2013. No complaints received during the financial year.

Governance Achievements

• Practiced good corporate governance with emphasis on transparency, accountability, and integrity.
• Complied with Listing Agreement requirements.
• Established Audit, Nomination & Remuneration, Stakeholders Relationship, and Risk Management Committees.

Climate Goals & Targets

Environmental Challenges

• Challenging year for Iron & Steel Manufacturing due to falling spreads between steel prices and raw material prices.
• Slow progress on awarded orders due to unresolved ground problems leading to cost escalations.
• Significant increase in levies, duties, and regulatory costs in the mining sector.
• Infrastructural challenges, especially in logistics.
• Increased cost of iron ore and coal due to restrictions and changes in coal distribution policy.
• Disruption of coal linkages forcing procurement of coal through e-auctions and overseas markets at high cost.
• Lack of captive iron ore mines.

Mitigation Strategies

• Vision to shift focus to steel making from sponge making.
• Development of a coal block to meet coal requirements (though delayed due to external factors).
• Examination of options to optimize revenue (e.g., separate power plant at coal block pit head).

Supply Chain Management

Climate-Related Risks & Opportunities

Environmental Metrics

ESG Focus Areas

• Safety
• Pollution Control
• Corporate Governance
• Industrial Relations
• Conservation of Energy

Environmental Achievements

• Installed Waste Heat Recovery Boilers (WHRB) generating 11.5 MW power/hour, preventing waste heat and fumes from diluting in the atmosphere.
• Implemented Emission Stream Pre-treatment (ESP) machines to filter gases from chimneys.

Social Achievements

• Maintained cordial relations with employees; no strikes, lockouts, or labor protests since incorporation.
• No complaints received under the Sexual Harassment of Women at Workplace Act, 2013.

Governance Achievements

• Good Corporate Governance practices, emphasizing transparency, accountability, and integrity.
• Compliance with SEBI (LODR) Regulations, 2015 and Companies Act, 2013.

Climate Goals & Targets

Environmental Challenges

• Challenging year for iron & steel manufacturing due to economic recession and slow progress on awarded orders.
• Higher domestic costs compared to foreign countries like China.
• Increased cost of iron ore and coal (constituting >80% of production cost) due to restrictions and price increases.
• Disruption of coal linkages due to Coal India's new policy.

Mitigation Strategies

• Better purchase planning to manage material costs.
• Better production planning to reduce manufacturing expenses.
• Better manpower planning to decrease employee remuneration.
• Development of coal block to meet coal requirements (though delayed).

Supply Chain Management

Climate-Related Risks & Opportunities

Reporting Standards

Frameworks Used: SEBI (LODR) Regulations, 2015, Companies Act, 2013

Environmental Metrics

ESG Focus Areas

• Environmental safety
• Corporate responsibility
• Safety
• Pollution control

Environmental Achievements

• Installed Waste Heat Recovery Boilers (WHRB) generating 11.5 MW power/hour, preventing waste heat and fumes from diluting in the atmosphere.
• Implemented Emission Stream Pre-treatment (ESP) machines to filter gases from chimneys.
• Undertaken plantation to cover most of the area near the industry.

Social Achievements

• Maintained cordial relations with employees; no strikes, lockouts, or labor protests since incorporation.
• Implemented an Anti-harassment policy in line with the Sexual Harassment of Women at Workplace (Prevention, Prohibition and Redressal) Act, 2013.

Governance Achievements

• Established a ‘Whistle Blower Policy’ and ‘Code of Conduct’ for directors & employees.
• Implemented a robust risk management framework to identify, monitor and minimize risk and also to identify business opportunities.

Climate Goals & Targets

Environmental Challenges

• Increased cost of iron ore and coal (constituting >80% of production cost), with reduced availability of required grade due to restrictions.
• Disruption of coal linkages due to Coal India's new distribution policy, forcing procurement of coal through e-auctions and overseas markets at high cost.
• Lack of captive iron ore mines.

Mitigation Strategies

• Developing a coal block to meet coal requirements (delayed due to external factors).
• Shifting focus to steel making from its own sponge to optimize revenue in the future.

Supply Chain Management

Climate-Related Risks & Opportunities

Reporting Standards

Frameworks Used: SEBI (LODR) Regulations, 2015, Companies Act, 2013

Environmental Metrics

Climate Goals & Targets

Environmental Challenges

• High cost of borrowed funds compared to other countries.
• Price volatility and availability of iron ore.
• Coal India's new coal distribution policy disrupting coal linkages.

Mitigation Strategies

• Maintaining low leverage in the industry.

Supply Chain Management

Climate-Related Risks & Opportunities

Environmental Metrics

ESG Focus Areas

• Environment
• Safety
• Corporate Social Responsibility

Environmental Achievements

• Major investments to improve environmental performance at key sites
• Cleaning up legacy sites
• Working cooperatively with regulators and government agencies on environmental initiatives
• Enhancing community engagement and consultation
• Installation of solar panels to reduce coal-based power usage (Sponge Iron Division)

Social Achievements

• Arranging furniture for Govt. English Medium School
• Donating Cow dung Log Machine to Women Self help group, Sondra
• Donating PPE Kits and Oxygen Insulator
• Purchasing organic manure from Women self help groups and distributing to farmers

Governance Achievements

• Following applicable Secretarial Standards (SS-1 and SS-2)
• Constituting Board Committees in line with the Companies Act, 2013 and SEBI regulations
• Carrying out formal annual evaluation of the Board, its committees, and individual Directors
• Establishing a Vigil Mechanism and Whistle Blower Policy

Climate Goals & Targets

Environmental Challenges

• High volatility in raw material prices
• Smooth availability and price volatility of iron ore and coal
• Non-availability of non-coking coal
• Rising prices of Iron Ore

Mitigation Strategies

• Implementing Energy Management System and regular internal Energy Audits to conserve energy
• Generating power by recovering and utilizing waste heat
• Setting up Solar Power Plant to meet additional power requirements
• Strengthening risk management policy and framework

Supply Chain Management

Climate-Related Risks & Opportunities