Transitioning to a low-carbon future
We are committed to reducing our carbon emissions and decarbonizing our operations. A key step in this journey is the adoption of renewable energy. In FY2024, 39.45% of our electricity consumption came from renewable sources, comprising 118,234 MWh from solar energy and 35,165 MWh from wind energy.
We have also transitioned from using oil to natural gas in our furnace operations, significantly reducing our greenhouse gas (GHG) emissions. Additional measures include replacing less efficient induction billet heaters (IBH), compressors, motors, and open-loop cooling towers. Installing an Automatic Power Factor Correction (APFC) panel and reducing idle time in systems such as presses, IBH, and exhaust blowers have collectively decreased our energy consumption by 5,630 MWh and reduced carbon dioxide emissions by 3,997 tons.
We are converting all diesel-operated forklifts to electrically-operated forklifts, with plans to power them using renewable energy, transforming them into "Green Forklifts" in the near future.
We have mapped our operational carbon footprint, which helped us in defining the emission reduction targets.
We have implemented a comprehensive water management system to effectively control and treat the industrial wastewater generated by our activities. We have installed additional digital meters connected to an IoT platform, enabling real-time monitoring of water consumption. A thorough water risk assessment has been conducted for our operations, and we have identified concrete actions to achieve our goal of becoming water-positive by 2030.
Our manufacturing facilities are equipped with Effluent Treatment Plants (ETP) and Sewage Treatment Plants (STP). As a Zero Liquid Discharge (ZLD) company, we ensure that no waste or treated water is discharged from our factory premises. All treated water is efficiently recycled and reused in our operations, significantly reducing our freshwater consumption.
We adhere to the principles of reduce, recycle, and reuse in our waste management practices. We have undertaken various initiatives to minimize both hazardous and non-hazardous waste. By mapping waste generation and disposal methods, we better understand our waste profile and take necessary actions. In FY2024, we recycled 107,223 tons of waste, accounting for 99.76% of the total waste generated in our operations. All metal scrap generated in our processes is recycled and reused.
To further reduce hazardous waste, we have changed the disposal pathway of waste oil and ETP sludge, thereby reducing landfill disposal. These initiatives are part of our strategy to achieve Zero Waste to Landfill by 2030. All hazardous wastes are handled in accordance with Maharashtra Pollution Control Board (MPCB) regulations and are sent to authorized agencies for proper treatment. Additionally, we have deployed waste composters at our sites to process food and garden waste. The bio-manure generated from these composters is used for gardening purposes, supporting our commitment to sustainable waste management practices.
