MALU PAPER MILLS LIMITED

Climate Impact & Sustainability Data (2021-04 to 2022-03, 2022-03-31 to 2022-06-30, 2022-04 to 2023-03)

Total Energy Consumption:2,50,58,320 Units

Installation of energy efficient LED lamps in Plant and common lighting area by replacement of copper ballasts thereby saving in consumption of electricity.
Optimization of pipeline sizes and routing of pipes to reduce the running load of pump motors.
Using Biomass fuel in the captive power plants and in process boilers to reduce green house gas emissions.

Constitution of committee under the sexual harassment of women at workplace (prevention, prohibition and Redressal) Act, 2013

Unfavorable economic and market conditions prevailing throughout the year in all the business segments on account of disruptions caused by the COVID – 19 pandemic.
Changes in the international paper market impacted the operations of the Indian paper industry.
Non-availability of waste paper, high prices for pulp, fibres and newsprint, container problems, including rising freight rates, increasing coal, chemicals and other inputs rates.
Poor collection of used paper resulting in low recovery rate and undue dependence on imports to meet domestic needs.
Russia – Ukraine war has escalated Power crises in Europe which may result into further price increase in the landed cost of imported Pulp and chemicals.
Undue fluctuation in the exchange rate between Indian Rupee and US Dollar will impact the margins of the Company.

Change in the product mix in FY 2021-22 to take advantage of the market scenario.
Established Risk Management Framework to ensure that we are well-placed to manage any adverse effect posed by financial, operational, strategic or regulatory related risks.

Frameworks Used: Ind AS

Third-party Assurance: R. A Kuvadia & Co., Chartered Accountants

Total Energy Consumption:3,08,61,478 Units

Installation of energy efficient LED lamps in Plant and common lighting area by replacement of copper ballasts thereby saving in consumption of electricity.
Optimization of pipeline sizes and routing of pipes to reduce the running load of pump motors.
Using Biomass fuel in the captive power plants and in process boilers to reduce green house gas emissions.

The Board of Directors have carried out an annual evaluation of its own performance as a whole, the directors individually as well as the evaluation of the working of its Committees.

The overall profitability of the Company during the year under review, as compared to the previous year, has been adversely affected due to the unfavorable economic and market conditions prevailing throughout the year in all the business segments on account of disruptions caused by the COVID – 19 pandemic.
The current year witnessed lot of change in the international paper market and these changes impacted the operations of the Indian paper industry.
The Indian paper industry is currently being crushed by a plenty of problems including the non-availability of waste paper, high prices for pulp, fibres and newsprint, container problems, including rising freight rates, increasing coal, chemicals and other inputs rates.
Poor collection of used paper resulting in low recovery rate and undue dependence on imports to meet domestic needs.
The domestic paper manufacturer woes, US and Europe which are the main sources of waste paper have increased the waste paper rates. In addition, the Russia-Ukraine crisis has added fuel to the fire, while the Indian government has imposed 2.5% basic customs duty on waste paper imports.
Freight charges to bring waste papers in 40 feet container has seen a sharp increase from $2,800 to $3,600. Prior to Covid-19 pandemic, it was below $1,600-1,800. Added, the delivery of imported pulp and waste paper is also taking 4-6 months resulting in raw material scarcity.

Change in the product mix in FY 2022-23 to take advantage of the market scenario.
Updation of process and investment in new age products and advanced equipments was done in the plants to improvise the process.
Regular interaction with equipment designers and manufacturers for improvements to processing and operating parameters.

Frameworks Used: Ind AS