Our strategic priorities are directed towards delivering strong returns to shareholders, driving consistent value-creation and creating a stronger and more sustainable organisation with enhanced competitiveness.
Commissioned capacity installation at Spent Sulfuric Acid Concentration (SAC) plant for captive power consumption as well as reduced procurement from open market
Undertook debottlenecking and commissioning of capacity of Phenol plant
Greenfield project for acetone derivatives MIBK and MIBC is underway and expected to be commissioned in FY 2024-25
Backward integration projects in key raw materials, fluorination and photochlorination are ongoing and will be commissioning in FY 2023-24
Acid Plant is under implementation and commissioning is expected in Q4 of FY 2023-24
Approved project for Polycarbonate compounding in line with our commitment to enter Polymer compounding business to participate in India’s large and niche requirements in 5G, electronics, EVs, defence and medical devices
Approved project for manufacturing Sodium Nitrite in Oman plant
Elevated capacity utilisation on a sustained basis
KPIs
Optimum capacity utilisation
Cost optimisation
Operational efficiency
FY 2023-24 priorities
Commissioning of various brownfield and greenfield projects in a phased manner
Planned capacity expansion is expected to add further volume growth and strengthen market share
Material issues addressed / impacted
Supply chain efficiency and logistics management
Growth and profitability
Customer and supplier relationships
Capitals Impacted
Progress made during the year
Optimise product mix with high-margin, value-added products
Continued process optimisation, productivity improvements and energy conservation to reduce costs
Improve asset fungibility in line with customer’s schedule for key intermediates
KPIs
Optimum operating margin
Cost of goods sold
Earnings Per Share
Profit Before Tax
FY 2023-24 priorities
Improve operational efficiency of manufacturing and logistics network
Continue to focus on growing product segment to achieve better margins
Material issues addressed / impacted
Growth and profitability
Capitals Impacted
Progress made during the year
Asset integrity study & OEE across all locations to improve productivity and reduce effluents in existing plants
Enhance use of narrow band technologies for manufacturing and automation
Ensuring better capacity utilisation and better process towards cost leadership
Adequate steps undertaken to ensure safety like process automation to eliminate human error, enhanced training and frequent audits, stringent measures and protocols
KPIs
Optimum plant utilisation
Improve SHE aspects
FY 2023-24 priorities
Continue to operate at optimum capacity
Efforts to enhance safety and operational efficiencies
Material issues addressed / impacted
Health and safety
Digitisation
Capitals Impacted
Progress made during the year
Meaningfully enhance core technology platforms including nitration, reduction and diazotisation; and build platforms including fluorination and photochlorination
Investment in manufacturing products that utilise core technology platforms for new agrochemical and pharmaceutical intermediates
Setting up facilities for downstream or value accretive products
KPIs
New products launched during the year
FY 2023-24 priorities
Focus on new product development to drive growth
Improve operational efficiency across the manufacturing network
Logistics excellence
Material issues addressed / impacted
Product innovation
Sustainable chemistry
Capitals Impacted
Progress made during the year
Sustained alignment to Responsible Care, Together for Sustainability (TfS) and Nicer Globe affiliation
Focus on value from waste initiatives
Conduct regular energy audits for all locations
Promote a positive HSE culture and maintain safe operations
Proactive compliance with all local and national regulatory requirements
