Climate Change Data

Environmental Metrics

ESG Focus Areas

• Environmental
• Social
• Governance

Environmental Achievements

• Use of LED lights in place of sodium vapour lamps, metal halide lamps and florescent lamps on the plant sheds, street lights and in Admin building resulting in saving in consumption of power.
• Installation of the new pipe cutting machines resulted in reduction of cost of blade consumption as well as power consumption and increased the productivity.
• The new screw compressor is economical and power saving machine.
• The Company is using Natural Gas in place of LPG at Tarapur Plant.
• The Company is using thermal energy by use of alternate fuels, improvements in fuel burners, minimizing heat losses by improved insulation, etc.
• The Company is using closed loop liquid to Air Heat Exchangers instead of cooling towers for heat dissipation.
• The company is using High Density Poly Ethylene and FRP (Fibre Glass Reinforced Plastic) pipe lines which reduces consumption of energy.
• The Company uses the waste energy in terms of air pressure being released at the end of Pneumatic Leak Testing, to fill the cylinders under test with this Hydraulic Booster compressor.
• Use of VF drive and programmable logic controls for paint booth suction blower for cyclic speed swings, thereby reducing power consumption per cylinder.
• Implemented a mechanism of Zero Liquid Discharge in 2 manufacturing units where the Company reuses and recycles all the wastewater generated after treatment.

Social Achievements

• Various HR initiatives to enhance productivity of the employees
• Training and Development of the employees
• Resilient talent management framework facilitating in identifying and nurturing employees with long term potential to take up critical leadership roles.
• Organized various programs and discussions with well-being experts and medical practitioners for employee well-being.

Governance Achievements

• Formulated a Nomination and Remuneration Policy.
• Constituted a CSR Committee.
• Established a robust Vigil Mechanism named Whistle Blower Policy.
• Constituted a Risk Management Committee (RMC).

Climate Goals & Targets

Environmental Challenges

• Frequent increase in CNG gas prices resulted in decline in consumption of CNG and therefore, significantly impacted the demand for CNG cylinders, primarily in the commercial vehicle (CV) segment.
• Rise in Input Expenses
• Heightened Competitive Environment
• New Product Development
• Currency Exchange Rate Variation
• Litigation Risks
• Environmental Risks

Mitigation Strategies

• Expanded its local and international supplier network to ensure seamless access to essential raw materials.
• Routinely reviews the cost of raw materials to lower the risk of unpredictable price changes.
• Strengthened its balance sheet position through prudent financial management.
• Actively weighs the cost of hedging net exposures against its internal risk management policy.
• Implemented adequate internal controls towards achieving efficiency of operations, management of resources, accuracy and promptness of financial reporting and compliance with the applicable laws, rules and regulations.
• Follows all mandated guidelines and laws and adhere to norms with respect to the environment.

Supply Chain Management

Supplier Audits: 100%

Responsible Procurement

• Supplier Code of Conduct

Climate-Related Risks & Opportunities

Reporting Standards

Frameworks Used: Ind AS

Certifications: ISO 9001:2015, BIS, IA TF 16949

Environmental Metrics

ESG Focus Areas

• Environmental
• Social
• Governance

Environmental Achievements

• Sewage Treatment Plant (STP) with capacity of 50 Kilolitre (KL) per day is installed and commissioned in March 2024, presently 500 KL Water monthly is being reused with through this STP Plant.
• Foot ring Fitment with gas heating is converted into Electrical induction Heating in order to stop the gas usage.
• Use of LED lights in place of sodium vapour lamps, metal halide lamps and florescent lamps on the plant sheds, street lights and in Admin building is continuously resulting in saving in consumption of power.
• Installation of the Plazma tube cutting machine has reduced the cost of cutting tools as well as improved the productivity.
• The new screw compressor is economical and power saving machine.
• Installation of new stamping Machine has increased the rate of production and reduced noise pollution.
• Replacement of new HST machines has resulted in reduction of power consumption to 50% approx. as compared to the old machines.

Social Achievements

• Various programs and discussions with well-being experts and medical practitioners for employee well-being.
• Awareness sessions are conducted on safety related aspects for the employees.
• Training related to Hazard Analysis Critical Control Point (HACCP) and Total Productive Maintenance are also provided.

Governance Achievements

• Reconstitution of Internal Complaint Committee under the provisions of The Sexual Harassment of Women at Workplace (Prevention, Prohibition and Redressal) Act, 2013
• Adoption of Performance Management Policy

Climate Goals & Targets

Environmental Challenges

• High price of CNG dampening the spirit of CNG segment.
• Inflationary trend in expenses and lower realization impacting profitability.
• High gas prices impacting demand for CNG vehicles.
• Unforeseen price fluctuations in essential raw materials.
• Intensified competitive landscape.
• High acquisition and maintenance costs associated with newer, advanced products.
• Fluctuations in currency exchange rates.
• Risk of transition to Electric Vehicles.
• Litigation risks.

Mitigation Strategies

• Reviving the Mundhra unit project to enhance manufacturing capacity.
• Maintaining strong relationships with raw material suppliers.
• Evaluating raw material costs to mitigate financial risks.
• Emphasizing quality, reliability, and innovation of products.
• Investing in R&D to integrate new manufacturing techniques and materials.
• Actively monitoring global currency exchange rates and assessing the cost of hedging net exposures.
• Implementing a long-term multi-fuel strategy.
• Actively managing litigation risks.

Supply Chain Management

Responsible Procurement

• Supplier Code of Conduct

Climate-Related Risks & Opportunities

Sustainable Products & Innovation

• Type 3 cylinders (composite wrap around a metal liner)
• Type 4 cylinders (entirely made from composite materials)

Environmental Metrics

ESG Focus Areas

• Clean Energy
• Sustainability

Environmental Achievements

• Not disclosed

Social Achievements

• Not disclosed

Governance Achievements

• Not disclosed

Climate Goals & Targets

Environmental Challenges

• Not disclosed

Mitigation Strategies

• Not disclosed

Supply Chain Management

Supplier Audits: Not disclosed

Responsible Procurement

• Not disclosed

Climate-Related Risks & Opportunities

Physical Risks

• Not disclosed

Transition Risks

• Not disclosed

Opportunities

• Not disclosed

Reporting Standards

Frameworks Used: Null

Certifications: ISO 9001:2015, ISO 11119-3, ISO 11439, NGV2

Third-party Assurance: Not disclosed

UN Sustainable Development Goals

• Not disclosed

Not disclosed

Sustainable Products & Innovation

• Not disclosed

Awards & Recognition

• Not disclosed