DAI-ICHI KARKARIA LIMITED

Climate Impact & Sustainability Data (2023-03 to 2024-03)

Reduction in ratios for power, fuel, steam, and effluent generation through the implementation of sustainable practices
Reduced water consumption by implementing vacuum pumps in closed loop circulation and utilizing treated effluent in various processes

Introduction of GMC Group Insurance Policy
Celebration of National safety week and Environment week with employee participation
Implementation of rewards and recognition program for employees
Extension of Apprentice Scheme to needy youth

Annual performance evaluation of Board performance, individual directors, and committees
Separate meeting of Independent Directors for annual evaluation of Non-Independent Directors, Board, Chairperson, and Managing Director

Long-term Goals:

Challenging economic landscape in the chemical industry
Fluctuations in demand due to global market conditions
Competition from China with low prices
Overcapacity in China affecting agrochemicals, petrochemicals, and organic chemicals
Sluggish demand due to global conflicts, recession in Europe, and inflation in the US
High inventories of customers resulting in lower chemical output

Prudent cost management measures
Optimization of production processes resulting in reduced product cost and increased profit margins
Debottlenecking exercises at the Ethoxylation unit
Reduction in overheads due to efficiencies
R&D initiatives yielding promising results with multiple new products developed
Focus on harnessing cutting-edge technology to expand new product portfolio
Capacity expansion for Oil field specialities
Strategic focus on new areas of product development in EVs and batteries
Leveraging digital technologies to improve efficiency and meet sustainability goals
Using low-carbon or renewable fuel technologies