Eastern Silk Industries Ltd.
Climate Impact & Sustainability Data (2022-04 to 2023-03)
Reporting Period: 2022-04 to 2023-03
Environmental Metrics
Total Energy Consumption:21,11,832.00
Social Achievements
- Maintained healthy, cordial, and harmonious industrial relations at all levels through proactive ER, development initiatives, gender diversity and community development.
Climate Goals & Targets
Environmental Challenges
- Non-supportive markets, varied changes in customer preferences, and initiation of CIRP from 10th June 2022 which effected the marketability of the Company.
- Covid-19 outbreak impacting global and Indian economy.
- Need for financial assistance for upgrading plant and machinery and working capital.
- Bankers not issuing NOC for sale of pledged non-core assets.
Mitigation Strategies
- Developing standard designs in common warps for regular products to reduce cost.
- Seeking approval of Resolution Plan from Hon’ble NCLT.