Climate Change Data

Environmental Metrics

ESG Focus Areas

• Environmental sustainability
• Employee well-being
• Corporate Social Responsibility

Environmental Achievements

• Complies with all environmental norms; has industry’s best environmental control equipment; constantly utilizes in-house developed techniques and technologies.
• Invested over ₹20 Lakh (approx) for energy conservation, resulting in power saving, reduced maintenance, improved productivity.

Social Achievements

• CSR expenditure of ₹9.42 Lakh; projects in health & education, skill development, environmental sustainability, humanitarian response.
• Adopted a Policy on Prevention, Prohibition and Redressal of Sexual Harassment at the Workplace.

Governance Achievements

• Established a Whistle Blower Policy; Direct Touch initiative for reporting unethical behavior.
• Board comprises of 6 directors, 3 executive and 3 independent; complies with Companies Act, 2013 and SEBI regulations.
• Regular in making principal and interest repayments to banks and financial institutions; CARE rating of “SME1”.

Climate Goals & Targets

Environmental Challenges

• Not disclosed

Mitigation Strategies

• Not disclosed

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: Null

Third-party Assurance: Not disclosed

UN Sustainable Development Goals

• Not disclosed

Not disclosed

Sustainable Products & Innovation

• Not disclosed

Awards & Recognition

• Rajasthan Udyog Ratan Award
• India’s Best Ramming Mass Manufacturing Company (Berkshire Media USA)
• Best SME - Industrial Goods (Arracus & Economic Times)
• Manufacturing Leadership Award (World Quality Congress & Awards)
• India’s Best Company of the Year Award 2018

Environmental Metrics

ESG Focus Areas

• Energy Efficiency
• Environmental Responsibility
• Governance

Environmental Achievements

• Achieved Energy Efficiency Award 2019 from AIIFA for significant contribution towards innovation in increasing the energy efficiency of induction furnace plants in India.
• Plant referred to as a model quartz processing unit by the National Green Tribunal on account of its responsible environmental protection and investments in a world-class dust collection system.

Social Achievements

• Organised training programmes in different areas such as technical skills, behavioural skills, business excellence, general management, advanced management, leadership skills, customer orientation, safety, values and code of conduct.
• Undertook CSR projects in the areas of environment sustainability, preventive health care, eradication of hunger, education, women empowerment, health and hygiene.

Governance Achievements

• Focus on building credibility before enhancing efficiency.
• Established a whistle-blower policy.
• Carried out annual evaluation of its own performance, performance of its Committees, and evaluation of individual directors including independent directors.

Climate Goals & Targets

Environmental Challenges

• Extended slowdown in the country’s steel sector.
• Slowdown in credit disbursement by India’s NBFC sector to construction and real estate developers.
• Unavailability of workforce due to the Covid-19 pandemic.
• Logistical constraints due to fleet non-availability and longer trip time.
• Extended lockdown across various places in India.

Mitigation Strategies

• Broadbasing the business by exploring ramming mass applications in the foundry industry and manufacturing quartz used in artificial marble.
• Sales alliances with global distribution companies to widen international footprint.
• Capacity expansion to enhance business stability.
• Set-up work-from-home infrastructure before lockdown.
• Helping skilled and semi-skilled employees get back to Rajasthan from their migrant homes.

Supply Chain Management

Responsible Procurement

• Purchase from licensed mining companies to ensure steady supply of quality raw materials.

Climate-Related Risks & Opportunities

Awards & Recognition

• Energy Efficiency Award 2019 & Certificate of Recognition for being the world’s largest manufacturer of ramming mass by AIIFA
• Asia’s Most Trusted Ramming Mass Brand by IBC Research, USA
• Best SME 2019 Award by Arracus Media and Economic Times

Environmental Metrics

ESG Focus Areas

• Environmental sustainability
• Women empowerment
• Health and hygiene

Environmental Achievements

• Installation of a captive solar power plant, saving approximately 25% in power bills

Social Achievements

• Proactive measures to bring back skilled labor who had migrated during the pandemic, ensuring no COVID-19 cases at the production site
• Focus on improving terms of trade with value-conscious clients

Governance Achievements

• Adoption of a Dividend Distribution Policy
• Implementation of a Whistle-Blower Protection Policy

Climate Goals & Targets

Environmental Challenges

• COVID-19 pandemic impacting global and Indian economic activities
• Global container crisis and spike in sea freight rates

Mitigation Strategies

• Swift restart of operations adhering to safety norms
• Proactive outreach to clients globally despite travel restrictions
• Strategic change in production mix towards higher-margin value-added products
• Securing an improvement in cash flow conversion from sales
• Establishing a preferential supply contract with a leading global mining company

Supply Chain Management

Climate-Related Risks & Opportunities

UN Sustainable Development Goals

• Goal 7 (Affordable and Clean Energy)
• Goal 13 (Climate Action)

Initiatives such as the installation of a solar power plant contribute to these goals.

Sustainable Products & Innovation

• Value-added ramming mass products
• Boron Oxide Premix

Environmental Metrics

Environmental Achievements

• National Green Tribunal certified the facility as a model quartz processing unit

Social Achievements

• SME Empowering India Awards by Shri Bhanu Pratap Singh Verma, Honorable Minister of State for Micro, Small and Medium Enterprises of India for FY 2023 under the ‘Engineering Materials’ category

Governance Achievements

• Complied with the requirements of corporate governance as stipulated under the listing regulations

Climate Goals & Targets

Environmental Challenges

• Geopolitical tension arising from the Ukraine and Russia war, which has not only disrupted trade and supply chain, but also resulted in a steep rise in inflation
• Sharp rise in inflation impacted raw material prices and adversely affected the global freight costs

Mitigation Strategies

• Focused on switching to alternate vendors and passed on the rise in material prices to our customers

Supply Chain Management

Climate-Related Risks & Opportunities

Reporting Standards

Frameworks Used: ISO 9001

Awards & Recognition

• SME Empowering India Awards