Climate Change Data

Environmental Metrics

ESG Focus Areas

• Environment
• Social
• Governance

Environmental Achievements

• 90% Reduction in smoke generated from manufacturing in 2019-20
• 250 saplings planted in 2019-20
• 1.5% Reduction in freshwater consumption in 2019-20

Social Achievements

• 36% Proportion of repeat clients in 2019-20
• 20% Annual increase in employee strength
• ~15% women in the workforce at the corporate office
• 20% women in senior management
• Contributed ₹6,25,470 towards animal welfare in 2019-20
• Contributed ₹5,65,080 towards health initiatives and fighting the pandemic

Governance Achievements

• Five Board members, including two Independent Directors

Climate Goals & Targets

Environmental Challenges

• Escalating trade war between the United States and China
• Coronavirus pandemic and subsequent lockdown

Mitigation Strategies

• Enforced several safety parameters (safe distance, sanitization, thermal checks, training)
• Resumed work in manufacturing units from May
• Helped factory employees with advance salaries and basic necessities
• Retained channel partners and supported suppliers and dealers
• Undertook process strengthening initiatives
• Provided food to migrant laborers

Supply Chain Management

Climate-Related Risks & Opportunities

Environmental Metrics

ESG Focus Areas

• Environment
• Social
• Governance

Environmental Achievements

• 28.65% reduction in energy consumption YoY
• 100% Share of power consumption of Mahabubnagar GP Plant addressed through solar energy
• 34% Share of steel scrap as raw materials
• ZERO Wastage due to circular water usage in our Liquid Discharge Systems
• 2,400+ Saplings planted during FY23

Social Achievements

• ZERO Accidents recorded during the year
• 48 Average training hours conducted per employee
• ₹50.39 lakhs CSR expenditure
• 20.89% Customers associated with us for 5+ years

Governance Achievements

• Established a robust corporate governance framework
• Good governance is one of our main priorities
• Complied with the applicable provisions of the Listing Regulations

Climate Goals & Targets

Environmental Challenges

• Economic uncertainties like inflation and supply chain disruptions
• Harsh environment and potential asset failures in the steel industry

Mitigation Strategies

• Integrated operations, spanning from Sponge Iron to finished products, to adapt and maintain cost-effectiveness
• Adopting emerging technologies to ensure safer and more efficient operations
• Building intelligent predictive models for process monitoring

Supply Chain Management

Responsible Procurement

• ESG considerations
• assessing fundamental competencies, financial viability, and capacity

Climate-Related Risks & Opportunities

Environmental Metrics

ESG Focus Areas

• Energy efficiency
• Water conservation
• Plantation initiatives
• Protection of indigenous cow breeds
• Employee well-being
• Community engagement
• Environmental sustainability
• Green steel production
• Transparency
• Accountability
• Ethical business conduct

Environmental Achievements

• Fully transitioned Mahabubnagar GP Plant to solar power
• Reduced emission intensity to 89.16 CO2e/₹
• Consumed 9.21 TJ of energy from renewable sources
• Recycled 34K MT of steel scrap
• Planted/distributed 2500+ saplings
• 38% recycled water usage in production
• Reduced power consumption by 32%

Social Achievements

• No injuries recorded
• 48 hours average training hours conducted per employee
• Spent ₹0.87 crore on CSR activities
• 73% revenue from retained customers

Governance Achievements

• Established a comprehensive set of governance policies
• Implemented a six-stage comprehensive risk management process
• Established a whistleblower mechanism
• Recommended a final dividend of ₹0.60 per equity share

Climate Goals & Targets

Environmental Challenges

• Intense competition in the steel industry
• Cyclicality of the industry
• Volatility in steel prices
• Regulatory changes
• Economic downturns
• Technological disruptions

Mitigation Strategies

• Focused expansion and increasing efficiencies
• Value-added products
• Geographic expansion
• Technological advancements
• Strategic partnerships and alliances
• Risk management process
• Internal control systems

Supply Chain Management

Supplier Audits: 4%

Responsible Procurement

• Sustainable sourcing procedures
• Supplier Code of Conduct

Climate-Related Risks & Opportunities

Reporting Standards

Frameworks Used: BRSR

Certifications: ISO 9001:2015

Third-party Assurance: NOT APPLICABLE