Climate Change Data

Environmental Metrics

ESG Focus Areas

• Sustainability
• Climate Change
• Responsible Supply Chain
• Labor Management
• Water Management
• Waste Management
• Employee Training and Development
• Human Rights

Environmental Achievements

• Upgraded 200 lighting fixtures from HPMV/HPSV to LED, resulting in an expected annual energy savings of approximately 75,920 units
• Interlocked cooling tower fan motor with pump motor to prevent unnecessary operation, leading to an anticipated annual energy savings of approximately 28,368 kWh

Social Achievements

• Various entertainment programmers, First Aid Training, fire and safety drills, demonstrations, competitions and sports events are organized with the motto of educating the employees and workers on aspects relating to health and safety.
• Free Medical checkup and free medicines for nearby village started.

Governance Achievements

• Implemented a Risk Management Policy
• Established a Risk Management Committee

Climate Goals & Targets

Environmental Challenges

• Fluctuations in raw material prices
• Supply chain disruptions
• Strong competition from domestic and international players
• Limited access to advanced technology and equipment
• Power disruptions
• Geopolitical crisis
• Brand Positioning impact due to the competitors
• Increasing price rise and competition from Chinese imports
• Volatility in raw material prices
• Increased fuel prices impacting domestic transportation
• A large section of the industry is still unorganized; there is a lack of quality product offerings from these players due to non-compliance with the product guidelines
• Slowdown in the Indian economy due to global developments

Mitigation Strategies

• Reviewing the existing risk management policy and lay down defined risk management mechanism covering the risk mapping and trend analysis, risk exposure, potential impact and risk mitigation process.
• Increasing our manufacturing capacity to produce a broader range of high-quality cables
• Investing in state-of-the-art manufacturing technologies and processes
• Investing in research and development
• Expanding our workforce with skilled professionals
• Investing in training and development programs
• Exploring opportunities in emerging markets with high potential for solar and EV adoption
• Diversifying suppliers and implementing sustainable sourcing practices
• Developing enduring relationships with key raw material suppliers
• Implementing comprehensive mechanisms for labor management
• Ensuring compliance with all relevant labour rules and regulations
• Implementing comprehensive procedures and systems for managing waste
• Broadening our waste collection strategy to align with the guidelines
• Implementing a detailed onsite emergency plan

Supply Chain Management

Supplier Audits: Not disclosed

Responsible Procurement

• Sustainable sourcing of raw materials

Climate-Related Risks & Opportunities

Physical Risks

• Disruption of business operations

Transition Risks

• Regulatory changes
• Market shifts

Opportunities

• Development of energy-efficient products
• Transition to renewable energy

Sustainable Products & Innovation

• Eco-friendly solar energy solutions
• Innovative power cables
• Rubber cables
• Electron-beam irradiated cables