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Business Strategy

Sustainability practices and business excellence together create a foundation that enables us to consistently deliver high-quality products and services to customers, reduce operational costs and remain resilient.

  • Responsible Leadership rooted in Sustainability and Excellence
  • Governance oversight: Board of Directors

Basic Chemistry Products

Key levers
  • Capacity expansion (brownfield and debottlenecking)
Status and action plan
  • Soda Ash – 228 KT Capacities to commence by May 2024
  • Salt – 330 KT capacities added in FY2023-24
  • Sodium Bicarbonate – 140 KT capacities to commence by September 2024
Key challenges
  • Escalation in Capex due to input costs
  • Delay in the Capex execution plan
KPIs tracked

Capacity Expansion FY 2023-24

Salt330 KT

Sodium Bicarbonate40 KT

FY 2024-25

Soda Ash228 KT

Sodium Bicarbonate140 KT

Salt70 KT

Risks

Talent risk, energy risk and cyber risk

Capitals impacted

Material matters

SDGs

Specialty Products
Key levers
  • Capacity Expansion and Customer Acquisition
Status and action plan
  • Agrochemicals: Launch of new formulations in pipeline
  • Silica: Increasing share of Specialty Silica in tyre segment; Capacity expansion of HDS to commence by August 2024
  • Fermentation Platform – Prebiotics: Increase share of FOS for applications in nutraceutical and pharmaceutical segments;
Key challenges
  • Long product approval cycle
  • Delay in adherence to project timelines (Agrochemicals)
  • Seasonal adversities impacting product launch
KPIs tracked

Capacity Expansion FY 2023-24

Multipurpose Plant (Agrochemicals) 240 TPA

FY 2024-25

Silica 3.5 KT

Water Soluble Fertiliser Plant 8 KT

Risks

Talent risk, energy risk and cyber risk

Capitals impacted

Material matters

SDGs

Key levers
  • Climate change action
  • Circular economy – water neutrality, solid waste management and recycling
Status and action plan
  • Carbon reduction projects across all the plants under evaluation and execution
  • Increasing co-firing biomass with coal
  • Implementing energy efficiency projects
  • Installing 2.7MW solar power in India
  • Plastic recycling as per EPR compliance
  • 100% Fly ash Consumption
Key challenges
  • Low commercial viability of decarbonisation solutions
  • Technology readiness levels for new emerging solutions
  • Absence of regulations creating barrier for decarbonisation
KPIs tracked

Scope 1 GHG emissions

(in Million tCO2 e): 4.27

Scope 2 GHG emissions

(in Million tCO2e): 0.07

Risks

Sustainability risk

Capitals impacted

Material matters

SDGs

Key levers
  • Cost competitiveness
  • Customer-centricity
Status and action plan
  • Fixed cost optimisation plan
  • Maximise capacity utilisation
  • Energy hedging across regions
  • Develop robust partner network.
  • Optimising inbound and outbound logistics network
Key challenges
  • Manufacturing –
    • Rising energy cost
    • Talent attraction and retention
    • Climate change
  • Supply Chain –
    • Threat from imports
    • Maintaining high service levels
KPIs tracked

Capacity Utilisation:

Basic Chemistry (Global)*
Soda Ash 90%

Bicarb 87%

Salt91%

Specialty Products (India)

Silica 73%

FOS 43%

Safety Parameters

PSI 85.3%

TRIFR 0.98

Customer-centricity Parameters

CSI Score:88%

NPS Score: 84%

Risks

Recession risk, high energy risk, cyber risk

Capitals impacted

Material matters

SDGs

*Utilisation based on effective capacities

Innovation
Key levers
  • Science-led differentiated products
  • R&D projects rooted in Green Chemistry and in collaboration with external entities
Status and action plan
  • All R&D projects adhering to green chemistry principles
  • Green HDS, environment-friendly process for silanes, Platform technologies for synthetic biology and encapsulation
  • New variants and application development in FOS and Silica
  • Customised fertilisers and herbicidal combinations (Water soluble fertiliser, Daksh plus among others)
  • Develope future competencies in Silica value chain
  • Co-creation with Customers and collaborations with CSIRs, IITs
Key challenges
  • The evolving global regulatory framework related to sustainability aims at achieving net-zero emissions and energy usage
  • Emerging regulations in Nutri and Agri solutions
KPIs tracked

Patents filed (Cumulative)215

R&D Investments ₹ 95 crore

Risks

Talent risk, cyber risk

Capitals impacted

Material matter

SDGs

Digitalisation
Key levers
  • Modernisation of IT Systems
  • Data Driven Business Excellence
  • Digital re-imagination to drive functional excellence
  • Strengthening technology backbone
Status and action plan
  • Completed global business process reengineering (BPR) and kick-started S4 HANA implementation
  • Designed enterprise architecture, built a data lake and developed digital dashboards
  • Attained functional excellence through digitalisation: implementing Industry 4.0, Automating tasks using RPA and strengthening supply chain reliability
  • Improving cyber security with multilayered security measures
Key challenges
  • Technology obsolescence
  • Transforming to digital culture
  • Scarcity of skilled resources
  • Managing cyber risks
KPIs tracked

Digital Maturity Assessment Score

3.74as against a target of 5

Risks

Digital risk, cyber risk

Capitals impacted

Material matters

SDGs

People
Key levers
  • Skills and capability building for a future-ready workforce
  • Inclusive and engaging work climate
  • Self-development learning platforms
Status and action plan
  • Learning architecture for skills and capability building
  • Manager and leadership development programs
  • Measure and improve employee engagement levels
  • Improving gender diversity
  • Global implementation of the HRMS System
Key challenges
  • Remote plant locations makes attracting, retaining talent challenging as well as impacts diversity agenda
KPIs tracked
  • External employee engagement score - 72%*
  • Voluntary attrition - 10%
  • Gender diversity in hiring - 11%
  • Senior Management Personnel positions filled internally - 100%
  • Employee Productivity (PBT/total employees) - ₹ 0.35 crore

Risks

Talent risk, recession risk

Capitals impacted

Material matters

SDGs

*engagement survey done once every two years

Research and Development
Our Business Model

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