Climate Change Data

OM METALS INFRAPROJECTS LTD.

Climate Impact & Sustainability Data (2009-10)

Reporting Period: 2009-10

Environmental Metrics

Social Achievements

  • Workshops in Kameng (Arunachal Pradesh) and Jaipur (Rajasthan) to nurture employee growth and provide better working environments.
  • Received the prestigious ‘Emerging India Awards’ in the Infrastructure Category in ICICI Bank and CNBC-TV18's Emerging India Awards 2009.

Governance Achievements

  • The Company has been practicing principles of good corporate governance practices over the years. The Company has complied with the Corporate Governance Code as stipulated under the Listing Agreement with the Stock Exchanges.

Climate Goals & Targets

Long-term Goals:
  • Utilize PQ earned from Kalisindh project in Civil space by providing turnkey solution in civil as well as Hydro mechanical space to minimum 38,000 MW additional Hydel power generation planned in next 10 years by GOI (Engineering Division).
Medium-term Goals:
  • Order book to exceed Rs. 1000 crores by end of next year and a target figure of Rs. 2000 crores by 2012 (Engineering Division).
  • Completion of Om Urban Heights project by March 2012 (Real Estate).
Short-term Goals:
  • Record growth rate in core business, entry into civil engineering for Hydroprojects, and monetization of land bank (next 12 months).

Environmental Challenges

  • Worldwide economic slowdown
  • Sluggish realty market
  • Litigation in Jaipur and Faridabad projects
  • Slow pace of rural electrification and pace of reforms in the rural electricity sector.
  • Optimal pricing of power generated from the renewable energy sources.
  • Quality and consistency issue of renewable power arising from the intermittent nature of electricity from wind and small hydropower.
  • The cost of technology development and production need to be reduced significantly from current levels.
  • Availability of financing especially project finance for Renewable.
  • Creditworthiness of counterparties has posed challenges.
Mitigation Strategies
  • Focused and proactive strategy to consolidate leadership position in Hydropower and expand into Real Estate and Infrastructure sectors.
  • Streamlining business operations and ensuring holistic and forward-looking visionary thrust.
  • Bidding for larger projects to enhance portfolio.
  • Strategic foray into civil construction to leverage understanding of Hydropower business.
  • MoU with an American company to venture into solar generation.
  • Exploiting huge land bank to drive revenues.
  • Joint development model in tier-I cities.
  • Comprehensive Risk Management System across the Company, including strategic and operational risk assessments and action plans.

Supply Chain Management

Climate-Related Risks & Opportunities

Awards & Recognition

  • Emerging Company of the year in infrastructure space by CNBC Network 18, ICICI powered by CRISIL