Alkali Metals Limited
Climate Impact & Sustainability Data (2017-18, 2020-04 to 2021-03, 2022-2023)
Reporting Period: 2017-18
Environmental Metrics
ESG Focus Areas
- Environmental
- Social
- Governance
Environmental Achievements
- Installed Hydrogen recovery plant and Nitrous oxide generation plant at all units, contributing to cost reduction and fuel reuse.
Social Achievements
- Providing free medical help to poor people and financial assistance to poor students through a Charitable Trust run by the promoters.
Governance Achievements
- Appointed Ms. M. Neeharika as Company Secretary and Compliance officer.
- Established a Whistle Blower Policy and appointed an ombudsperson to deal with complaints.
Climate Goals & Targets
Short-term Goals:
- Commercialize three to four products in the current financial year.
- Implement various marketing strategies to counter competition and boost sales.
Environmental Challenges
- Inadequate profits due to increased overheads, over cost, and global competition.
Mitigation Strategies
- Exploring options to commercialize R&D products (5-6 commercialized in the last 3 years).
- Taking measures to minimize overhead and reduce process costs to increase contributions and margins.
Supply Chain Management
Climate-Related Risks & Opportunities
Reporting Standards
Frameworks Used: ISO 9001 & 14001
Awards & Recognition
- Member of the Year Award for the year 2002 from the All India Manufacturers’ Association, Andhra Pradesh State Board
Reporting Period: 2020-04 to 2021-03
Environmental Metrics
ESG Focus Areas
- CSR
- Employee Well-being
- Board Diversity
Environmental Achievements
- Installed Hydrogen recovery plant and Nitrous oxide generation plant at all units for cost reduction and fuel reuse.
Social Achievements
- Paid full salaries during lockdown and introduced health safety measures at workplaces.
- Donated ₹7,17,143 to Dr. Y.V.S. Murty Charitable Trust for providing free medical help to the poor and financial assistance to poor students.
Governance Achievements
- Appointed Dr. A.R. Prasad as an Additional Director to comply with SEBI (LODR) Regulations 2015 for having minimum 6 Directors on Board.
Climate Goals & Targets
Environmental Challenges
- Operational disruptions caused by the Covid-19 pandemic.
- Further lockdowns due to the second wave of Covid-19 infections.
- Global supply chain disruptions.
Mitigation Strategies
- Management is looking for other opportunities such as job works of specific products and tie-ups with other manufacturers to scale-up the products.
- Regular sanitization at workplace, Work-From-Home option during lockdown period, providing of immunity boosting medicines and snacks, Regular monitoring of the SPO2 levels and Temperature check at all units and administrative offices.
- Helping employees get vaccinated.
Supply Chain Management
Climate-Related Risks & Opportunities
Reporting Standards
Frameworks Used: Ind AS
Third-party Assurance: G Nagendrasundram & Co, Chartered Accountants
Sustainable Products & Innovation
- 3 High value Campaign products were developed and commercialized namely; TA 10, 2 6 Pyridine Di methanol and 5 Benzyl Thio Tetrazole.
Reporting Period: 2022-2023
Environmental Metrics
Climate Goals & Targets
Environmental Challenges
- Inadequate profits due to increased overheads and global competition
- Global supply chain disruptions
- Sluggish domestic demand
- Customs Duty Outstanding for more than six months
- Cyber Fraud resulting in loss of 19 Lakhs
Mitigation Strategies
- Identifying new products and processes
- Participating in International Pharma Exhibitions
- Developing new products through in-house R&D
- Paying 34.30 Lakhs of Customs Duty and in process of paying balance
- Implementing supplier call back process to authenticate bank details in payment process
- Reporting cyber fraud to local police and National Cyber Crime Reporting Portal