Ruchi Infrastructure Limited
Climate Impact & Sustainability Data (2016-04 to 2017-03, 2017-04 to 2018-03, 2018-19, 2018-2019, 2019-20, 2021-04-01 to 2022-03-31, 2023-24)
Reporting Period: 2016-04 to 2017-03
Environmental Metrics
Climate Goals & Targets
Environmental Challenges
- Adverse effect on profitability and cash flows largely due to volatile commodity prices, foreign exchange fluctuations and slow moving receivables.
- Intense competition, conservative policies for state owned warehouse and lack of commercial parity, the demand for storage has been subdued.
Mitigation Strategies
- Strategical shift for business expansion of its warehousing division.
- Diversification to logistic driven services.
- Refocusing and reenergizing in consolidating its core infrastructure business and scaling down non core businesses.
Supply Chain Management
Climate-Related Risks & Opportunities
Reporting Period: 2017-04 to 2018-03
Environmental Metrics
Total Energy Consumption:40 MWh/year
Environmental Achievements
- Generating approx 40 million green energy units (including generation of subsidiary company) which is sufficient to light up around 15000 homes for an year.
- Reducing its carbon footprint by way taking small measures such as discontinuation of usage of CFL bulbs and switching towards LED, usage of only 5 star ACs in office space.
- Exploring possibility of exploring rooftop solar at terminal and warehouse building to not only reduce power consumption but also reducing overall energy cost.
Climate Goals & Targets
Environmental Challenges
- Over capacity of the warehouse space in Central India
- Duty structure of the imported edible oil
- Increasing competition in the industry due to many factors including technological factors, capacity orientation, efficiency in costs, dynamic changes in the needs of user industry apart from seasonality.
Mitigation Strategies
- Realigning its core infrastructure business portfolio for a long term and sustainable value creation and rebalancing its storage processes to facilitate multi product storage with a faster turnaround to ensure that the assets are exploited to the maximum potential possible.
- Enlarged the product portfolio to include storage of various products other than the agri products.
- Evaluating various opportunities to formulate strategic plans for a sustainable growth of the company. This will entail investments, strengthening of the existing systems, strategic partnerships/alliances etc to cater to growing supply chain dynamics.
- Reviewing action plans to be constantly relevant to the user industry and facilitate value addition.
- Tapping the private market to minimize the risks associated with changes in government policies.
Supply Chain Management
Climate-Related Risks & Opportunities
Reporting Period: 2018-19
Environmental Metrics
Climate Goals & Targets
Environmental Challenges
- Price Volatility
- Weather conditions in India
- International business sentiments
- Fuel Prices
Mitigation Strategies
- reduce the dependence on storage of agri commodities but diversify into other high value added products
- reduce business volumes in the commodity oriented business segment considerably lower to focus more on core infrastructure businesses
- set up the terminals at strategic locations with a view to derive efficiency on logistics and supply chain in terms of proximity to sourcing and consumption centers
- diversified into other high value products for inland storage terminals so as to reduce the dependency on storage of agro based products which are susceptible to weather conditions and seasonality
- set up the projects at strategic places having dependable wind velocity record with consistency
- balanced business model to take care of the pattern of change in storage needs at various points from time to time
Supply Chain Management
Climate-Related Risks & Opportunities
Reporting Period: 2018-2019
Environmental Metrics
Climate Goals & Targets
Environmental Challenges
- Price Volatility
- Weather conditions in India
- International business sentiments
- Fuel Prices
Mitigation Strategies
- reduce the dependence on storage of agri commodities but diversify into other high value added products
- reduce business volumes in the commodity oriented business segment considerably lower to focus more on core infrastructure businesses
- set up the terminals at strategic locations with a view to derive efficiency on logistics and supply chain in terms of proximity to sourcing and consumption centers
- diversified into other high value products for inland storage terminals so as to reduce the dependency on storage of agro based products which are susceptible to weather conditions and seasonality
- set up the projects at strategic places having dependable wind velocity record with consistency
- balanced business model to take care of the pattern of change in storage needs at various points from time to time
Supply Chain Management
Climate-Related Risks & Opportunities
Reporting Period: 2019-20
Environmental Metrics
Climate Goals & Targets
Environmental Challenges
- Impact of COVID-19 pandemic and government-enforced lockdown on operations.
- Delayed payments from government contracts.
- Changes in duty structure of imported edible oil affecting business dynamics.
Mitigation Strategies
- Successfully continued operations in essential warehousing, storage, and renewable energy sectors during the lockdown.
- Minimizing risks associated with government policies by tapping the private market.
- Reviewing action plans to adapt to changing storage industry dynamics and add value for customers.
Supply Chain Management
Climate-Related Risks & Opportunities
Reporting Period: 2021-04-01 to 2022-03-31
Environmental Metrics
Climate Goals & Targets
Environmental Challenges
- Restriction on physical visit to client locations due to COVID-19, necessitating alternative audit procedures.
Mitigation Strategies
- Entire audit carried out based on remote access of data provided by management, following ICAI advisory on distance audits.