Rajasthan Electronics & Instruments Limited

Climate Impact & Sustainability Data (2013-04 to 2014-03, 2023-04 to 2024-03)

Reduced TCE consumption from 1776 liters to 600 liters.
Improved Energy Performance Index of Office Area to 38.68 KWh/sqm from 45.60 KWh/Sqm in 2012-13.
Reduced energy consumption in Electronic manufacturing process by 6%.

Installed and commissioned 12 Solar Power Systems for schools/health centers/post offices/NGOs and 10 Solar Blinkers.
Organized free medical/health awareness/skill up-gradation camps.
Signed MoU with CONCOR for a solar power plant.
Recognized as the Best Employer in its category by Employers' Association of Rajasthan for the 5th consecutive year.

Obtained credit ratings of 'CARE BBB+' for long-term bank facilities and 'CARE A3+' for short-term bank facilities.
Rated 'Excellent' in the MoU signed with the Government of India for 2012-13.
Implemented a Whistle Blower Policy.
Consistently followed progressive HR policies.

Short-term Goals:

Challenging business environment due to weak manufacturing sector, slowdown in investment cycle, slump in consumer demand, and monetary tightening.
Highly competitive industry.
Intermittent temporary dip of market share due to competition from unreliable low-cost Milk Analyzer manufacturer/traders.
Production largely dependent on imports, leading to supply risks.
Exposure to foreign currency exchange rate fluctuation.
Client contracts conditioned upon performance and long-duration support services.
Potential for adverse impact from changes in government tax policies.
Lack of vertical integration, making suppliers and competitors the same entities.

Rationalizing and streamlining operations to improve efficiencies and reduce costs.
Strategic investments in R&D, manufacturing capabilities, diversification, distribution, marketing, human resource development, project implementation capabilities, and IT.
Strengthening strategic partnerships with clients.
Focusing on core business objectives: revenue growth, profitability, and asset efficiency.
Developing and implementing quality-check programs.
Capacity building for operation and maintenance business initiative in the solar sector.

Increasing demand for renewable energy due to global warming and increasing fossil fuel costs.

Frameworks Used: Indian GAAP

Certifications: ISO 9001-2008, ISO 14001-2004

PSE Excellence Award 2013 for Operational Excellence
Governance Now "PSU Award 2013" Asset Utilization (Winner) & Utilization of Human Resource (Runner up)
e-India "PSE Award 2013" for Financial Resource Management through ICT
Best Employer Award - 2012 for 5th time in a row
Best PSU Award 2014 for Excellence Innovation by Bureaucracy Today
SCOPE Award for innovation 2012-13
DSIR National R&D Award 2004
Excellence in Electronics Award 1991 & 2001

Executed projects for various CPSEs & Departments in Renewable Energy Division (Power Finance Corporation Limited, SEWA THDC, GAIL (India) Limited, Forest department, Water Shed, PHED department, Education department Rajasthan, Court & Pvt. Module Sale etc.)
Signed an MOU with Department of College Education, Govt. of Rajasthan for “Design, Supply, Installation & Commissioning of Grid connected SPV Power Plant in various Government Colleges including maintenance for the period of five years for cumulative 2830 kWp Grid connected SPV Power plants”.
Received order for implementation of Off Grid & Grid Connected SPV Power Plant(s) at 291 Govt. PM Shri Schools in Rajasthan.

Awarded 'Certificate of Excellence' by the Employers Association of Rajasthan for Excellence in maintaining Employer-Employee relations and Adopting best practices in Occupation, Safety & Health and Skill Development.
Successfully completed and executed the largest ever Export order from Guyana Energy Agency (GEA), worth Rs. 68.51 Crore (USD 8387462) for supply of SPV Home Energy Systems in rural households.
Received major orders of AMCU, ADPMCU, EMT, Milk Analyzers from various milk cooperatives across the Country.
Executed a prestigious order worth Rs. 13.09 Crore for implementation of 500 numbers of Smart classes of Rajasthan Madarsa Board.

Continuously rated 'Excellent' grade for compliances with DPE Guidelines on Corporate Governance.
Complied with the Guidelines on Corporate Governance framed by the Department of Public Enterprises (DPE).
Periodically reviewing and updating Policies and Procedures to ensure transparency.

Challenges persisting for material availability on account of geopolitical issues and scarcity of key inputs such as semiconductors.
Non-availability of CSR funds as per the requirement of The Companies (CSR Policy) Rules, 2014.
Disputes with M/s Magenta Power Pvt. Ltd. regarding EV chargers under FAME-II scheme.
High percentage of debtors outstanding for more than 5 years.

Continued stringent budgetary control on Administrative and other indirect expenses.
Regular follow up for recovery of outstanding debts.
Legal notices sent in some cases.
Provision for bad and doubtful debts made as per consistent accounting policy.