Climate Change Data

Environmental Metrics

Social Achievements

• Vaccination drive conducted for corporate office employees and across construction sites.
• Covid-19 group medical insurance policy for employees.

Climate Goals & Targets

Environmental Challenges

• Covid-19 pandemic caused disruptions to socio-economic activities.
• Competition Risk
• Capital-Intensive Business Risk
• Traffic growth Risk in BOT Projects
• Input Cost Risk
• Labour Risk

Mitigation Strategies

• Protocols to protect employee health and safety.
• Bid for larger projects with lesser competition intensity.
• Optimal design, value engineering, planning, management and project execution skills.
• Gradual return to normalcy in traffic after lockdown.
• Full control on various input costs through ownership or long-term contracts.
• Own mines and crushers of stone aggregates.
• Long-term contracts with leading manufacturers.
• Cost-escalation provisions in contracts with Government clients.
• Focus on developing excellent leaders and providing an inclusive workplace.
• Open-door policy and employee-friendly environment.
• Remuneration policy based on performance evaluation.
• Sharing early completion bonus with project staff.

Supply Chain Management

Responsible Procurement

• Sustainable sourcing ensuring quality and quantity of raw materials procured from suppliers.
• Robust process for vendor evaluation and selection mechanism.
• Preference for local suppliers wherever possible.
• Emphasis on safe transportation, optimization of logistics and reduction of vehicular air emissions.

Climate-Related Risks & Opportunities

Awards & Recognition

• Top Challengers in infrastructure from Construction World
• Fastest Growing Construction Companies in the Medium Category from Construction World

Environmental Metrics

ESG Focus Areas

• Sustainability

Environmental Achievements

• Minimization of wastage
• Recycling/reusing material
• Adoption of highway technologies and elements to minimize use of natural resources
• Construction of rain water harvesting structures
• Redesign of roads to avoid unnecessary cutting down of trees

Social Achievements

• CSR spending of ₹1049.28 lakhs on healthcare, poverty eradication, education, women empowerment, and rural development.
• Skill up-gradation training for 94% of permanent employees, 100% of permanent women employees, and 91% of casual/temporary/contractual employees.

Governance Achievements

• Strong Corporate Governance practices
• Transparent disclosures and reporting
• Ethical conduct of business operations
• Whistle Blower Policy

Climate Goals & Targets

Environmental Challenges

• Competition risk
• Capital-intensive business
• Input cost risk
• Labor risk
• Inflationary pressure on input costs
• Supply chain disruptions
• Geopolitical conflicts
• Covid-19 pandemic

Mitigation Strategies

• Strong track record and end-to-end services
• Bidding for larger projects
• Control over input costs through ownership or long-term contracts
• Cost-escalation measures
• Local sourcing of raw materials and labor
• Employee training and retention programs
• Strong balance sheet and credit ratings
• Internal accruals and monetization of assets
• Government initiatives and support

Supply Chain Management

Responsible Procurement

• Sustainable sourcing
• Local sourcing where feasible

Climate-Related Risks & Opportunities

Environmental Metrics

ESG Focus Areas

• Sustainability
• Occupational health and safety
• Corporate Governance and Business Ethics
• Human Rights & Labour Conditions
• Supply chain management
• Waste & Hazardous Materials Management
• Water usage and management
• Quality of Products and Project delivery
• Customer Experience & Satisfaction
• Employee Engagement
• Community Engagement
• Environmental management and protection of biodiversity

Environmental Achievements

• Reduced carbon footprint through investment in clean technologies, energy efficiency optimization, and sustainable practices.
• Reduced waste generation through efficient waste management and resource conservation.

Social Achievements

• Implemented comprehensive risk mitigation measures to ensure occupational health and safety, including regular safety training programs, strict adherence to safety protocols, and use of personal protective equipment.
• Implemented robust policies and procedures to ensure effective risk mitigation and promote sound governance and business ethics.
• Prioritized human rights and labour conditions by implementing comprehensive policies and practices that mitigate risks, adhering to regulatory compliances and labour standards, and promoting fair treatment.

Governance Achievements

• Established a robust compliance framework, regular audits, and ethical practices training for employees.
• Established a Vigil (Whistleblower) Mechanism for reporting unethical behavior, suspected fraud, or violations of Codes of Conduct and policies.

Climate Goals & Targets

Environmental Challenges

• Competition risk due to multiple government initiatives and low bid prices from competitors.
• Geographical concentration risk due to predominant operations in North India.
• Inflation risk due to higher input costs of steel, cement, and other materials.
• IT risk due to potential cyber attacks.
• Liquidity/cash flow risk due to potential inability to meet short- and long-term payment obligations.

Mitigation Strategies

• Strong track record, targeting larger projects, and earning early completion bonuses to mitigate margin erosion.
• Focusing on reducing geographical concentration by expanding into new states and territories.
• Controlling input costs through ownership of mines and long-term contracts with primary manufacturers.
• Implementing necessary safety measures, including antivirus software and firewall systems.
• Maintaining a strong financial record with adequate reserves, period budgeting, and close monitoring of project cash flows and macroeconomic events.

Supply Chain Management

Climate-Related Risks & Opportunities

Physical Risks

• severe weather conditions

Transition Risks

• regulatory modifications, shifts in consumer preferences

Opportunities

• commercial opportunities that empower us to aid in climate change adaptation and reduction

Reporting Standards

Frameworks Used: BRSR

Certifications: ISO 9001:2015

Environmental Metrics

ESG Focus Areas

• Environmental Sustainability
• Social Responsibility
• Corporate Governance

Environmental Achievements

• Not disclosed

Social Achievements

• Not disclosed

Governance Achievements

• Not disclosed

Climate Goals & Targets

Environmental Challenges

• Prolonged monsoon season hindering construction progress
• Slowdown in awarding of new projects due to increased land costs and budget overruns
• Persistent delays in land acquisition
• Competition Risk
• Geographical Concentration Risk
• Inflation Risk
• Cyber Risk
• Liquidity/Cash Flow Risk

Mitigation Strategies

• Demonstrated resilience by achieving growth in revenues
• Diversification into new sectors (urban development, railroads, water management)
• Strong balance sheet and domain expertise
• Completing projects ahead of schedule for early completion bonuses
• Strategic entry into new segments and states
• Utilizing extensive fleet of construction equipment
• Securing two new projects worth over ₹4,000 Cr in Maharashtra
• Managing input cost volatility through ownership or long-term contracts
• Cost-escalation measures in contracts
• Continuously evaluating potential cyber threats and implementing cybersecurity defenses
• Maintaining robust financial standing and disciplined budgeting practices
• Closely monitoring micro and macroeconomic developments

Supply Chain Management

Supplier Audits: Not disclosed

Responsible Procurement

• Not disclosed

Climate-Related Risks & Opportunities

Physical Risks

• Severe weather conditions
• Air pollution
• Energy deficits
• Water scarcity

Transition Risks

• Regulatory modifications
• Shifts in consumer preferences
• Substantial changes in the Company’s operational context

Opportunities

• Commercial opportunities in climate change adaptation and reduction

Reporting Standards

Frameworks Used: BRSR

Certifications: ISO 9001:2008

Third-party Assurance: Not disclosed

UN Sustainable Development Goals

• Not disclosed

Not disclosed

Sustainable Products & Innovation

• Not disclosed

Awards & Recognition

• Not disclosed