Climate Change Data

Environmental Metrics

Climate Goals & Targets

Supply Chain Management

Climate-Related Risks & Opportunities

Environmental Metrics

ESG Focus Areas

• Environmental Sustainability
• Social Impact
• Safety

Environmental Achievements

• Renewed certifications for QMS and Environmental, Health and Safety Management System (EHSMS- ISO 14001:2004 and OHSAS 18001:2007)
• Adopted the ESPF format of project screening for all new project bids

Social Achievements

• CSR initiative 'Parivartan' focusing on skills and livelihoods, education, healthcare, sanitation, road safety, and rural infrastructure
• Trained 620 youth in various trades, helping them get placed or start enterprises
• Supported 223 cataract surgeries
• Conducted awareness program on snake bites

Governance Achievements

• Strong legacy of fair, transparent and ethical governance practices
• Adopted a Code of Conduct for business and associated activities
• Constituted various committees (Audit, Stakeholders’ Relationship, Committee of Directors, Nomination and Remuneration, Environment, Health and Safety, Corporate Social Responsibility)

Climate Goals & Targets

Environmental Challenges

• Land acquisition bottlenecks
• Tightening credit availability
• Slow dispute resolution and claims settlement
• Market competition
• Exchange rate risks
• Revenue from toll road projects affected by muted economic growth and negative inflation
• Shortfall in civil engineers and retaining experienced manpower

Mitigation Strategies

• Assisting authorities in land acquisition and obtaining clearances
• Maintaining a good track record with infrastructure financiers and managing working capital needs
• Focusing on Output and Performance based Road Contracts (OPRC)
• Debt refinancing
• Asset monetisation
• Improving toll collection systems
• Maintaining an optimal mix of toll and annuity projects
• Scalable recruitment and retention strategies

Supply Chain Management

Climate-Related Risks & Opportunities

Reporting Standards

Frameworks Used: ISO 9001:2008, ISO 14001:2007, OHSAS 18001:2008

Third-party Assurance: Ernst & Young LLP

Awards & Recognition

• International Road Federation’s Global Road Achievement Award (GRAA)
• Award for innovative use of Information and Communication Technology (ICT) for E-Governance

Environmental Metrics

Governance Achievements

• Re-appointed Mr. Milan Chakravarti as an Additional and Independent Director for a further period of three years.
• Duly constituted an Audit Committee, which met 4 times during the year.
• Duly constituted a Nomination and Remuneration Committee, which met twice during the year.
• Established a vigil mechanism by adopting a Whistle Blower Policy for directors and employees.
• Adopted a Policy for Prevention of Sexual Harassment of Women at Workplace.

Climate Goals & Targets

Supply Chain Management

Climate-Related Risks & Opportunities

Environmental Metrics

ESG Focus Areas

• Livelihood
• Education
• Health
• Highway Safety
• Environmental Compliance
• Social Inclusion
• Equitable Development

Environmental Achievements

• Upgraded Quality, Environment, Health & Safety (EHS) Management systems implemented and integrated at all the O&M sites.
• Surveillance audit for FY 2017-18 conducted by TUV Nord, an ISO Certification Agency
• Use of state-of-the-art cold/hot in-place pavement recycling technology
• Experimentation with solar panels on toll plazas

Social Achievements

• Goat rearing program benefiting 730 women, generating ₹75 lakh in revenue and ₹3 crore in livestock value.
• Fishery intervention benefiting 700+ farmers, generating ₹8.5 crore in sales and ₹6 lakh from vegetable sales.
• Agricultural initiatives increasing farmer income per acre by 15%.
• Road safety initiative with community awareness programs and emergency First Responder (FR) systems covering 200 villages.
• Four Mobile Medical Units (MMUs) operational, covering 1.4 lakh people in 115 villages.
• Digital Duniya program improving digital literacy for 5,235 students.
• Sportseed program providing sports training to 760 students.

Governance Achievements

• Implemented a well-established Internal Control Framework (ICF) covering financial and operational risks.
• Implemented SAP ERP system with maker-checker features.
• Implemented a compliance monitoring tool.
• Quarterly internal audits conducted by independent Chartered Accountants.
• Adopted a Whistle Blower Policy.
• Adopted a Related Party Transactions Policy & Framework.

Climate Goals & Targets

Environmental Challenges

• Delays in project execution and reluctance from financial institutions to fund infrastructure projects.
• Cost overruns due to authority failures in providing right of way and forest clearances.
• Procedural delays in claims and compensation settlements.
• Shift in project delivery from PPP to EPC and HAM models, with reduced project sizes increasing competition.
• Reluctance of banks to lend due to sectoral exposure limits and high leverage of infrastructure companies.
• Delays in land acquisition and utility shifting.
• Tightening of environmental policies and mining/lifting prohibitions affecting construction progress.
• Fluctuations in traffic growth impacting toll road revenue.
• Credit availability issues and high debt burden.
• Delays in decision-making and dispute resolution.

Mitigation Strategies

• Churning asset portfolio to free up equity for ongoing projects.
• Focus on EPC and HAM contracts.
• Debt refinancing in Jorabat-Shillong Expressway and Jharkhand Road projects.
• Seeking claims and compensation from authorities.
• Critically reassessing project portfolio and taking actions including stake sale, divestment, and refinancing.
• Venturing into EPC sector and targeting large, complex projects.
• Raising long-term bonds to improve debt maturity profile.
• Divestment of equity stake in some operational projects.
• Improving operational efficiencies to absorb fixed costs and reduce expenses.
• Undertaking HAM projects with favorable risk-reward ratios.

Supply Chain Management

Responsible Procurement

• Sourcing materials locally to reduce transportation costs.

Climate-Related Risks & Opportunities

Awards & Recognition

• SKOCH Order-of-Merit Award for Chenani-Nashri Tunnel Project
• Award for effective Project Financing & Economics by the International Road Federation for the Jharkhand Accelerated Road Development Programme
• 7th EPC World Awards for Outstanding Contribution in Roads and Highways and Infra Company of the Year