VISA Steel Limited
Climate Impact & Sustainability Data (2007-08)
Reporting Period: 2007-08
Environmental Metrics
ESG Focus Areas
- Environmental
- Social
- Governance
Environmental Achievements
- 50 MW Waste Heat Power Plant commissioned to reduce dependence on grid power and minimize carbon impact.
- Installation of Electro Static Precipitators (ESPs) to filter emissions and minimize environmental impact.
- Water harvesting initiatives launched to protect groundwater levels.
- 43,000 trees planted in and around the plant.
Social Achievements
- Established two premier education institutions in Kolkata.
- Introduced scholarship opportunities for students.
- Set up medical check-up camps in backward areas.
- Contributed to the construction of a blood bank.
- Installed bore-wells for clean drinking water.
- Provided employment according to government policy.
- Constructed the boundary wall of a local school.
- Contributed towards renovation of various temples.
- Actively promotes contemporary Indian art through exhibitions and painting competitions.
- Sponsors and organizes an annual ladies golf tournament.
Governance Achievements
- Improved internal control systems.
- Expanded the scope of internal audit.
- Received the ‘Best Implementation Award’ from SAP India.
- Adherence to Clause 49 of the Listing Agreement.
Climate Goals & Targets
Environmental Challenges
- Political disturbances and contractor resource crunch delayed commissioning of key facilities.
- Technical difficulties in Blast Furnace (water quality, power trippages) and Coke Oven (pusher car equipment).
- Shortage of skilled manpower and contractor workforce.
Mitigation Strategies
- Steady commissioning of facilities despite challenges.
- Installed a new pusher car with plate system in Coke Oven (reached 90% capacity utilisation).
- Shut down Blast Furnace for refractory relining (restart in Q2 2008-09).
- Superior management of IPO proceeds for financing and upkeep of facilities.
- Strategic efforts to attract and retain professional talent.
Supply Chain Management
Climate-Related Risks & Opportunities
Awards & Recognition
- Best Implementation Award from SAP India