Our Policy & Strategy

Our policy is to "To actively contribute to the social and economic development of the communities in which we operate. In so doing, we aim to build a better, sustainable way of life for the weaker sections of society and raise the country's human development index".

The Company is a firm believer in its core values and recognizes that, in order to succeed in today’s competitive business world, the Company must fulfill its multiple responsibilities towards multiple stakeholders.

The Company believes that, besides producing good financial benefits to its shareholders, it should maintain the dynamic relationship with its stakeholders, both local and global.

Corporate Social Responsibility (CSR) is a key component of the Company’s business strategy. Throughout its history of 45 years, the Company has worked diligently in implementing programs and practices that reflect our commitment and care.

Focus is on all-round continuous development of the communities through sustainable economic development around the plant locations.

Projects and Activities are planned through a participatory need assessment of the communities around the plants. This enables us to widen our reach to a larger section of society. Our partners in development are government bodies, district authorities, leaders of villages and the end beneficiaries ‘the villagers.

Our Focus Areas

We consider ourselves an integrated part of society, which rewards us with respectable returns on our investment. Our knowledgeable solutions and beneficial actions to contribute to community welfare & development help create value for the society at large.

The Company is actively involved with local community in the implementation of various CSR projects that make difference to their lives.

Our social responsibilities criteria span in following key areas and our single-minded goal here is to deliver superior value to our customers, shareholders, employees and society at large. Our focus areas are:

1. Fair Operating Practice

The Company is committed to fair business practices, as enshrined in the Company’s vision and mission statement. The Company has published its Corporate Governance Policy so that the Company’s directors, executives and all employees can maintain high standards, morals and ethics at all times which can assist the Company to achieve its business goals, for the benefit of all stakeholders of the Company.

2. Anti-corruption

The Company has prescribed set of guidelines to prevent corruption. It also regularly indentifies and monitors areas susceptible to corruption. The guidelines prohibit receiving or taking bribes and refrain from receiving gifts etc. All the employees of the Company are aware of the guidelines. To prevent such unfair practices, the Company has a policy to investigate complaints related to fraudulent activities within the Company by top management. Investigations involve fact-finding and, if one is proven guilty, disciplinary action is imposed, and issues are brought up as case studies for all employees to heed.

3. Respect for Human Rights

The Company has a policy that it will treat employees with dignity as human beings and with respect for their individuality. The Company does not employ child labor. The Company has assisted its employees to have a labor union in order to protect employee welfare rights as well as to help in properly managing labor related issues in the company. The Company meets with the labor union at regular intervals.

4. Fair Employment and Treatment

The Company believes that the Company’s success depends on a workforce that is capable, motivated and self–disciplined. It is, therefore, crucial to treat and provide opportunities to all employees equally regardless of their ethnicity, language and gender and to maintain fair treatment of all the employees in every process of human resource management, such as in the recruitment or promotion of an employee regardless of his or her ethnicity or nationality. Employee remuneration is linked to performance.

5. Environmental Protection

Like others, Business growth alongside social responsibility and environmental protection is a challenge in our business also. The Company, therefore, assesses the risks and impacts on the environment at all levels of its operations so that it can create an effective mechanism to monitor and meet all applicable policies related to environment.

6. Community and Social Development

The Company actively takes part in the development of surrounding communities and society, with a goal to respond to the “community’s actual needs”. The Company also involves community members in the improvement of the community’s well-being in such aspects as infrastructure, health, public utilities, employment, education, and conservation of culture and traditions.

7. Innovation

The Company realizes that innovation is an important factor to lift the Company’s competitiveness. The Company promotes innovation in products and process as part of its mission.