Climate Change Data

Environmental Metrics

Climate Goals & Targets

Environmental Challenges

• Reliance on non-renewable energy sources in manufacturing processes.
• Geographical concentration of manufacturing facilities in Telangana, India.
• Intense competition in the solar manufacturing industry.
• Underutilization of manufacturing capacities.
• Significant working capital requirements.
• Contingent liabilities and capital commitments.
• Dependence on projects awarded by government entities and PSUs.
• Risks associated with solar cell and solar module manufacturing (regulatory changes, market competition, economic fluctuations, technological obsolescence, supply chain disruptions, quality control, operational risks, environmental and safety regulations).
• Sudden changes in revenue, profit/loss, and total borrowings.
• Inability to trace some historical corporate records.
• Related party transactions.
• Dependence on Promoters, Directors, Key Managerial Personnel, and Senior Management.
• Potential for cost overruns in the Project.
• Counterparties to agreements may not fulfill obligations.
• Inability to produce quality products or adopt new technologies effectively and timely.
• Inability to accurately forecast demand or price for products and manage inventory.
• Dependence on multiple funding sources on acceptable terms.
• Defects or deficiencies in products may cause additional expenses and warranty costs.
• Dependence on third-party transportation providers.
• Loss of accreditation for manufacturing facilities and operations.
• Requirement to provide bank guarantees and performance guarantees.
• Unscheduled or prolonged disruption of manufacturing operations.
• Inability to provide adequate customer support and ancillary services.
• Inability to adequately protect intellectual property.
• Potential infringement of intellectual property rights of others.
• Significant risks and hazards when constructing, operating, and maintaining manufacturing facilities.
• Changes in technology may render current technologies obsolete.
• Inability to establish and maintain effective internal controls and compliance systems.
• Rapid business growth may not be sustainable.
• Variation in utilization of Net Proceeds would be subject to compliance requirements.
• Rising inflation may affect ability to pass costs onto customers.
• Corporate office, branch offices, warehouses, and guest houses are located on leased premises.
• Promoters, Directors, Key Managerial Personnel, and Senior Management may have interests other than reimbursement of expenses and remuneration.
• Promoters and Promoter Group will continue to exercise significant influence.
• Inability to assure payment of dividends on Equity Shares.
• Outstanding litigation proceedings.
• Inability to benefit from government policies.
• Exchange rate fluctuations.
• Exposure to credit risk from customers.
• Business dependence on regulatory and policy environment.
• Cost estimates for the Project may not be accurate.
• Inability to manage foreign currency risk effectively.
• Onerous terms in agreements with key customers.
• Improper storage, processing, and handling of materials and products.
• Expansion plans and exports may be dependent on policies of export countries.
• Decrease in prices for renewable energy products.
• Short-term agreements with suppliers for raw materials.
• Restrictive covenants under financing agreements.
• Growing business through acquisitions or joint ventures may subject to additional risks.

Mitigation Strategies

• Exploring and utilizing renewable energy sources.
• Implementing measures to mitigate risks associated with geographical concentration.
• Implementing strategies to address intense competition.
• Improving capacity utilization.
• Securing additional funding to meet working capital requirements.
• Implementing strategies to manage contingent liabilities and capital commitments.
• Diversifying customer base.
• Implementing strategies to mitigate risks associated with solar cell and solar module manufacturing.
• Implementing strategies to sustain growth trajectory.
• Taking steps to address untraceable corporate records.
• Ensuring compliance with related party transaction regulations.
• Implementing strategies to retain and attract qualified personnel.
• Obtaining independent appraisal of Project costs.
• Implementing strategies to mitigate risks associated with counterparty obligations.
• Implementing strategies to produce quality products and adopt new technologies.
• Implementing strategies to accurately forecast demand and manage inventory.
• Maintaining access to multiple funding sources.
• Implementing strategies to mitigate risks associated with product defects.
• Implementing strategies to mitigate risks associated with third-party transportation providers.
• Maintaining quality certifications and accreditations.
• Implementing strategies to manage bank guarantees and performance guarantees.
• Implementing strategies to minimize operational disruptions.
• Implementing strategies to provide adequate customer support.
• Registering trademarks and other intellectual property.
• Implementing strategies to avoid infringement of intellectual property rights.
• Maintaining adequate insurance coverage.
• Implementing strategies to adapt to technological changes.
• Strengthening internal controls and compliance systems.
• Implementing strategies to sustain growth rates.
• Obtaining shareholders' approval for variation in utilization of Net Proceeds.
• Implementing strategies to mitigate the impact of inflation.
• Securing ownership of premises or negotiating favorable lease terms.
• Addressing potential conflicts of interest.
• Implementing strategies to mitigate risks associated with Promoter influence.
• Retaining earnings for business operations and expansion.
• Addressing outstanding litigation proceedings.
• Implementing strategies to benefit from government policies.
• Implementing strategies to manage exchange rate fluctuations.
• Implementing strategies to manage credit risk from customers.
• Monitoring regulatory and policy changes.
• Implementing strategies to mitigate risks associated with Project cost overruns.
• Implementing strategies to manage foreign currency risk.
• Negotiating favorable terms in customer agreements.
• Implementing strategies to prevent damage to inventory.
• Implementing strategies to mitigate risks associated with export markets.
• Implementing strategies to mitigate risks associated with price decreases.
• Negotiating long-term supply contracts with suppliers.
• Complying with restrictive covenants under financing agreements.

Supply Chain Management

Climate-Related Risks & Opportunities