Climate Change Data

Environmental Metrics

ESG Focus Areas

• Not disclosed

Environmental Achievements

• Achieved ISO 14001:2004 (Environment Management System) and OHSAS 18001:2007 (Occupational Health and Safety Management System) certifications for Una and Rohika Units.

Social Achievements

• Not disclosed

Governance Achievements

• Not disclosed

Climate Goals & Targets

Environmental Challenges

• Industry downturn due to shift from FiT regime to e-reverse auction.
• Land and transmission infrastructure unavailability.
• Time and storage constraints in wind generation.
• Lack of investment due to policy changes and unviable tariffs.

Mitigation Strategies

• In-house manufacturing of key WTG components for cost competitiveness.
• Development of 3.3 MW wind turbines for low wind speed sites.
• Creation of common infrastructure for SECI projects.
• Focus on reducing fixed costs, supply chain costs, administration costs, and manpower costs.

Supply Chain Management

Supplier Audits: Not disclosed

Responsible Procurement

• Not disclosed

Climate-Related Risks & Opportunities

Physical Risks

• Not disclosed

Transition Risks

• Not disclosed

Opportunities

• Not disclosed

Reporting Standards

Frameworks Used: Null

Certifications: ISO 9001:2008, ISO 14001:2004, OHSAS 18001:2007, ISO 3834-2

Third-party Assurance: Not disclosed

UN Sustainable Development Goals

• Not disclosed

Not disclosed

Sustainable Products & Innovation

• 3.3 MW wind turbine

Awards & Recognition

• Not disclosed

Environmental Metrics

ESG Focus Areas

• Not disclosed

Environmental Achievements

• Reduced blade weight by 150–200 kilos/blade, resulting in annual raw material savings of about 50 tonnes.
• Improved steel tower production process, reducing raw material consumption (though the exact amount is not significant due to low production).
• Treated sewage at in-house STPs, reusing treated water for gardening.
• Used solid waste as fuel in co-incineration plants, reducing waste disposal by about 25 tonnes annually.
• Reused about 50 tonnes of material annually using root rings for barricading and fencing.

Social Achievements

• Regular basic safety training for all permanent employees.
• On-the-job and off-the-job training opportunities to upgrade employee skills.
• Monetary help for women and elderly access to healthcare.
• Financial assistance to improve sanitation facilities.
• Financial support for sustainable agriculture practices.

Governance Achievements

• Established a Whistle Blower Policy for reporting unethical behavior and fraud.
• Implemented a Code of Conduct for all Board Members and Senior Management.

Climate Goals & Targets

Environmental Challenges

• Three-year business disruption due to policy changes (shift from FIT to reverse auction regime) and grid-related delays.
• Delayed payments from Discoms.
• Intense competition for suitable land with high wind speeds and grid connectivity.
• Lack of regional cooperation for seamless power exchange.
• Poor financial condition of Discoms.

Mitigation Strategies

• Commissioned 262 MW of SECI-I projects and resumed fresh supplies of WTGs.
• Built a large grid infrastructure (750 MW) for plug-and-play future project executions.
• Leased a manufacturing facility in Bhuj, Gujarat, for cost savings in logistics.
• Developed a 3.3 MW Wind Turbine Platform for sustainable margins.
• Concluded deals with Adani, ReNew Power, and Continuum Wind.
• Focus on optimizing costs and improving working capital.

Supply Chain Management

Supplier Audits: Not disclosed

Responsible Procurement

• Maximize procurement from local suppliers to reduce transportation fuel use.

Climate-Related Risks & Opportunities

Physical Risks

• Not disclosed

Transition Risks

• Not disclosed

Opportunities

• Not disclosed

Reporting Standards

Frameworks Used: Null

Certifications: ISO 9001:2015

Third-party Assurance: Not disclosed

UN Sustainable Development Goals

• Not disclosed

Not disclosed

Sustainable Products & Innovation

• 3.3 MW Wind Turbine Platform

Awards & Recognition

• Not disclosed

Environmental Metrics

ESG Focus Areas

• Environmental
• Social
• Governance

Environmental Achievements

• Reduced water consumption by 5% at Una plant and 57 KL/day at Ahmedabad and Relwa Khurd Plants
• Reduced blade weight by 250 kilos/blade, saving 130 tonnes of raw materials annually
• Reduced waste disposal by 42 tonnes annually through waste glue reuse and root ring reuse
• Co-processed 1,500 tonnes of waste in cement kilns

Social Achievements

• Provided safety and skill up-gradation training to 98% of permanent employees, 100% of casual/temporary/contractual employees, and 100% of employees with disabilities
• Monetary help for better access to health care facilities for women and the elderly
• Financial assistance to improve sanitation facilities
• Financial support to conduct low till or any other practice of sustainable agriculture

Governance Achievements

• Established a Whistle Blower Policy
• Complied with the Corporate Governance requirements specified in Regulations 17 to 27 read with Schedule V and Clause (b) to (i) of sub-regulation 2 of Regulation 46 of the Listing Regulations

Climate Goals & Targets

Environmental Challenges

• Intense competition for suitable land with high wind speeds and grid connectivity
• Lack of an effective mechanism to ensure regional cooperation for enabling seamless exchange of power
• Poor financial condition of discoms resulting in delayed payments for wind power producers
• Lack of local substructure manufacturers, installation vessels, and trained workers for offshore wind projects
• Higher installation costs for offshore wind turbines
• Delays in obtaining clearances for offshore wind power projects

Mitigation Strategies

• Developed alternative sourcing strategies
• Established multi-year O&M agreements with customers
• Central auction (SECI tenders) where PPAs are signed with SECI instead of State Discoms
• Risk mitigation strategy that monitors internal and external threats and proactively addresses challenges

Supply Chain Management

Responsible Procurement

• Maximizing procurement from local suppliers to reduce transportation fuel

Climate-Related Risks & Opportunities

Reporting Standards

Frameworks Used: National Voluntary Guidelines on Social, Environmental and Economic Responsibilities of Business

Certifications: ISO 9001:2015

Sustainable Products & Innovation

• 3.3 MW wind turbines

Environmental Metrics

ESG Focus Areas

• Environmental
• Social
• Governance

Environmental Achievements

• Reduction in Resources Consumption
• Waste Reduction
• Environment Conservation
• Health and Safety

Social Achievements

• Measures for the well-being of employees and workers
• Retirement benefits
• Accessibility of workplaces
• Equal opportunity policy
• Safety and skill-upgrade training

Governance Achievements

• Processes in place to avoid/ manage conflict of interests involving members of the Board
• Anti-corruption or anti-bribery policy
• Business Responsibility Committee

Climate Goals & Targets

Environmental Challenges

• Chemicals used as raw materials and the process waste of composites in blades are hazardous in nature
• Risk of lawsuits
• Risk of not getting additional funds

Mitigation Strategies

• Disposing of uncured and/or hazardous waste as per norms prescribed by the State Pollution Control Board
• Monthly review mechanism and a weekly MIS update to management about potential risk and mitigation for the litigations
• Launching a 3.3 MW turbine and raising money through the IPO of a subsidiary

Supply Chain Management

Supplier Audits: Not disclosed

Responsible Procurement

• The Company seeks to enhance traceability and transparency within its supply chain. This involves tracking the origin of raw materials or components, ensuring compliance with sustainability certifications or standards, and providing information to consumers or stakeholders about the sustainable sourcing efforts for the procurement of raw materials and components.

Climate-Related Risks & Opportunities

Physical Risks

• Not disclosed

Transition Risks

• Not disclosed

Opportunities

• Not disclosed

Reporting Standards

Frameworks Used: Null

Certifications: ISO 9001:2015

Third-party Assurance: Not disclosed

UN Sustainable Development Goals

• SDG 16
• SDG 2
• SDG 3
• SDG 5
• SDG 6
• SDG 7
• SDG 8
• SDG 9
• SDG 10
• SDG 11
• SDG 12
• SDG 13
• SDG 14
• SDG 15
• SDG 17

Not disclosed

Sustainable Products & Innovation

• Not disclosed

Awards & Recognition

• Not disclosed