Bharat Gears Limited

Climate Impact & Sustainability Data (2023-24)

Installed a 1,300 Kwp solar plant at Lonand Plant
Replaced old HPMV lamps with LEDs, enhancing Lux levels and conserving energy
Reduced preheating and tempering times for low-weight components by 30 minutes, resulting in further power savings
Installed electrostatic precipitators on four hobbers to eliminate oil fumes from cutting machines

Total CSR spend of ₹17 Lakhs in FY 2023-24, supporting education, children with special needs, women empowerment, and food distribution
Zero accidents reported across all plants

Erratic monsoon affecting agricultural output and reducing domestic tractor volumes
Global challenges impacting revenues and EBITDA
Global supply chain disruptions due to geopolitical tensions and rising inflation
Demand drop for products in the second half of the financial year

Implemented significant cost reduction measures such as plant shutdown, lower running of shifts, and stopping discretionary expenses
Diversified customer base across segments and regions
Implemented various measures to reduce variable costs, including reducing overtime, extending breaks, reducing shifts, and reducing manpower
Improved procurement cost efficiency through cost optimisation measures
Invested in new technologies such as bevel gear grinding and gear honing
Focussed on aggressive order acquisition across segments both domestically and internationally

Frameworks Used: Ind AS

Certifications: IATF 16949, ISO 9001:2015, ISO 14001:2015, ISO 45001:2018

Third-party Assurance: Deloitte Haskins & Sells LLP