As a part of the continuous effort to build a safe workplace, the Company has engaged a reputed https://1investing.in/ consultancy organization to roll out all comprehensive Safety Management System with an aim of involving each and every employee of the Company whether on permanent roll or contract manpower. A total of 15 separate elements of Safety Management System are implemented in a structured manner. The Health, Safety & Well-being of the employees, subcontractors and all related personnel is paramount.
The objective of these procedures are to ensure efficient use and protection of the Company”s resources, accuracy in financial reporting and due compliance with statutes, corporate policies and procedures. The Board has formulated a Risk Management Committee (”RMC”) to frame, implement and monitor the Risk Management Policy of the Company and to ensure the adequacy of the risk management systems. The said Policy is also reviewed by the Audit Committee and approved by the Board from time to time.
With the increased demand of jute products due to increased acceptability of environmentally friendly and sustainable products, it is expected that jute industry will be able to sustain its upward trajectory in long run. Synchronoss Technologies Inc share price live 0.884, this page displays NASDAQ SNCR stock exchange data. View the SNCR premarket stock price ahead of the market session or assess the after hours quote. Monitor the latest movements within the Synchronoss Technologies Inc real time stock price chart below. You can find more details by visiting the additional pages to view historical data, charts, latest news, analysis or visit the forum to view opinions on the SNCR quote.
There were no instance of one-time settlement with banks or financial institutions and hence the differences in valuation as enumerated under Rule 8 of Companies Rules, 2014, as amended, do not arise. No application has been made under the Insolvency and Bankruptcy Code; hence the requirement to disclose the details of application made or any proceeding pending under the Insolvency and Bankruptcy Code, 2016 during the year along with their status as at the end of the financial year is not applicable. They have further confirmed their independent status and arms length relationship with the Company. The Company is required to maintain cost records as specified by the Central Government under Section 148 of the Act read with the Companies Rules, 2014 and accordingly, such accounts and records are made and maintained by the Company. The Board of Directors based on the recommendation of the Audit Committee at their Meeting held on 11th May, 2022, approved the re-appointment of M/s.
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The Company efficiently manages its surplus funds by investing in highly rated debt securities, fixed deposits with banks and highly rated companies and debt schemes of mutual funds considering safety, liquidity and return. It monitors the borrowings on a continuous basis for opportunities to refinance or prepay its loans in order to reduce borrowing costs and foreign exchange exposure. The Company continues to take significant strides in its digital transformation journey. It has made substantial progress across the key initiatives that it embarked on in an endeavour to achieve operational excellence across sales and marketing, logistics, project management, customer service, plant operations, mines operations and support functions. During the year under review, the Company has registered an increase of 0.82% in cement sales on standalone basis and 6.20% on consolidated basis.
Captive Power Plant has been commissioned on 17th January, 2022 and the kiln was lit up on 21st January, 2022. • Expansion project of New Chanderia Cement Works plant at Chanderia to increase clinker production capacity from 3600TPD to 5500TPD. Prudent basis, so as to reflect, in a true and fair manner, the form and substance of transactions and reasonably present the Company”s state of affairs, profits and cash flows for the year ended 31st March, 2022. The Directors regret the loss of life due to Covid-19 pandemic and are deeply grateful and have immense respect for every person who risked their life and safety to fight this pandemic. Inspired by a vision, driven by values and powered by internal vitality, the Directors look forward to the future with confidence and stand committed to creating an even brighter future for all stakeholders.
At present, the company has 4 people of registered category, more than 20 senior engineers and hundreds of other professionals who have various kinds of technical and economic titles . Statements in this Report, particularly those which relate to Management Discussion & Analysis, describing the Companys objectives, projections, estimates, expectations or predictions may be ‘forward looking statements within the meaning of applicable laws or regulations. From routine equipment and process audits to quick response during unscheduled downtime, you can depend on ANDRITZ to support you. We work side-by-side with your team to review processes and procedures, and offer training or recommendations when requested, to help your mill run more smoothly.
At the time of Pandemic when the world had been fighting Corona virus, the hospital came forward as beacon of hope for the people of Chittorgarh. The initiative has helped people in and around Chittorgarh to avoid traveling to nearby cities like Ahmedabad and Udaipur to get themselves treated. The Company has provided financial as well as administrative support in setting up a hospital in Chittorgarh namely MP Birla Hospital and Research Centre, where the Company has two cement plants. This is a State-of-the-Art multi-speciality hospital, which has numerous diagnostic and treatment facilities. Safety poster, slogans are widely displayed inside the Companys factories-at shop floors, canteen and plant gates to continuously remind everyone about safe working practices and environment so as to inculcate a culture of safety amongst the workers. To strengthen the safety culture, the Company ensures that all hazards and risks are identified, and control measures implemented to reduce risks to as low as reasonably practicable, investigate all near misses & first aid learning events and implement corrective & preventive actions.
Factors like eligibility criteria, independence, term and tenure of a Director shall be in accordance with the provisions of the Act and the Listing Regulations for the time being in force. L A Director must be willing to devote sufficient time and energy in carrying out his/her duties and responsibilities effectively. He/she must have the aptitude to critically evaluate managements working as part of a team in an environment of collegiality and trust. Various rural development projects such as providing drinking water facilities, strengthening village infrastructure are undertaken in the plants neighbourhood villages. The Company has also organised various awareness program on Road & driver safety and the importance of voting in elections. It has promoted Social forestry in the Common and Private land in the neighbourhood villages.
- The said prohibition will continue till the decision is taken after an expert study of impact of mining beyond the boundaries of ESZ as per notification dated 8th April, 2021.
- The Board has formulated a Risk Management Committee (”RMC”) to frame, implement and monitor the Risk Management Policy of the Company and to ensure the adequacy of the risk management systems.
- Ammonia solution is safer to use than anhydrous ammonia since the vapor pressure is greatly reduced by the water.
- Further, declaration has been received from all the Independent Directors confirming compliance with Rule 6 of the Companies Rules, 2014, as amended, regarding the requirement relating to enrollment in the Data Bank maintained with the Indian Institute of Corporate Affairs (”IICA”).
- As on 31st March, 2022, none of the Directors of the Company holds instruments convertible into equity shares of the Company.
Flue gas cleaning plants for Waste to Energy applications The global economy is in constant need of power, which is still mainly provided by coal, oil and gas – fossil fuels that are finite and harmful to the environment over their whole value chain. Other more sustainable resources such as municipal waste or sludge have started to establish their position in the industry and are gaining more attention now due to the global effort to develop and install solutions that will minimize CO2 emissions. As a leading technology supplier, we have a very long history with pulp, paper, and power equipment.
Fertilizer handling and safety
The Company believes that it is critical to protect the health and safety of everyone involved in its operations and to carry out operations in environmentally sustainable manner. Transactions with person or entity belonging to the promoter/ promoter group which hold 10% or more shareholding in the Company have been disclosed in the accompanying financial statements. The industry is not only losing market share overseas, Bangladesh is also extensively pushing jute goods into India at the cost of market share of domestic jute mills. In the long-term, demand for Jute products is expected to increase due to increased awareness and acceptability of environmentally sustainable products. The MoEFCC has vide Notification dated 8th April, 2021 duly notified an area to an extent varying from zero to 3.0 kilometres around the boundary of Bassi Wildlife Sanctuary as the Eco-Sensitive Zone .
The risk of loss in online trading of stocks, options, futures, currencies, foreign equities, and fixed Income can be substantial. No complaint pertaining to sexual harassment of women employees from any of the Company”s locations was received during the financial year ended 31st March, 2022. • In evaluating the suitability of individual Board members, the Committee takes into account many factors, including general understanding of the Company”s business dynamics, global business, social perspective, educational and professional background and personal achievements. Further, declaration has been received from all the Independent Directors confirming compliance with Rule 6 of the Companies Rules, 2014, as amended, regarding the requirement relating to enrollment in the Data Bank maintained with the Indian Institute of Corporate Affairs (”IICA”). In terms of the amended Section 150 of the Companies Act, 2013 read with Rule 6 of the Companies (Appointment & Qualification of Directors) Rules, 2014, the Independent Director of the Company are exempt from the requirement to undertake the online proficiency self-assessment test conducted by IICA.
Further, local people are getting alternative employment in less laborious industries such as embroidery and masonry. Difficulty in getting worker for running the mills is resulting in lower capacity utilization, causing further increase in cost of production per unit. A focused approach and roadmap creation for adoption of Industry 4.0 for real-time equipment monitoring, pattern recognition, anomaly detection, predictive maintenance and production optimisation is currently in progress and will form the cornerstone of our efforts to make the Company future-ready. O Comprehensive Warehouse Inventory Management via Artificial Intelligence/Machine Learning powered analytics initiative is currently under implementation at key warehouses to help improve overall visibility of inventory across supply-chain and for overall optimisation of logistics cost. Dividend is subject to approval of the Members at the ensuing Annual General Meeting.
The said study will be conducted by an expert Committee constituted vide NGTs order dated 24th September, 2021 within the time limit of 3 months from the first meeting of the said Committee. The Mining Operations at the Chanderia plant had been suspended since August, 2011 owing to the Order of Jodhpur High Court , which was challenged by the Company before the Honble Supreme Court. The Honble Supreme Court had further directed the Central Building Research Institute to submit a report after comprehensive study of all relevant aspects and facets relating to full-scale mining operations and its impact, if any, on the Chittorgarh Fort.
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When this information was revealed to the public, the value of Synchronoss stock dropped, causing losses to its shareholders. The Company is well aware of its responsibility towards sustainable development and environment. Various initiatives are taken for addressing climate change challenges particularly CO2 reduction and pollution prevention. In the Mukutban project, 22,000 ton of waste fly ash was used thus reducing about 17.6 million Kg of CO2 emissions. The Company is focussed towards conservation of water by putting special efforts for rain water harvesting, conservation of water resources and reusing treated waste water for dust suppression and plantation in sustainable way.
Learning and development initiatives for employees are geared to enable all-round performance, both as individuals and as teams. The Audit Committee has satisfied itself on the adequacy and effectiveness of the Internal Financial Control System laid down by the management. The Statutory Auditors in its report have expressed an unmodified opinion on the adequacy and operating effectiveness of the Internal Financial Control System over financial reporting. The policies and procedures adopted by the Company ensures orderly and efficient conduct of its business and adherence to the Companys policies, prevention and detection of frauds and errors, accuracy in the record-keeping and timely preparation of reliable financial information. As on 31st March, 2022, the Company has 7 subsidiary companies namely, RCCPL Private Limited, Lok Cement Limited, Talavadi Cements Limited, Birla Jute Supply Company Limited, Budge Budge Floorcoverings Limited, Birla Cement Limited and M.P. 2 subsidiary companies, namely Thiruvaiyaru Industries Limited and Birla Corporation Cement Manufacturing PLC, Ethiopia, are under the process of voluntary winding up.
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The hospital also provides in-patient services to Covid- 19 patients, yet again the only private hospital in Chittorgarh district to do so. The initiative has helped people in and around Chittorgarh to avoid travelling to nearby cities like Ahmedabad and Udaipur to get themselves treated. Indian jute mills are facing a daunting competition from subsidized duty-free imports from Bangladesh. The industry is not only losing market share overseas, Bangladesh is also extensively pushing jute goods into India at the cost of market share of domesticjute mills. The MoEFCC has vide Notification dated 8th April, 2021 duly notified an area to an extent varying from zero to 3.0 kilometres around the boundary of Bassi Wildlife Sanctuary as the EcoSensitive Zone . National Green Tribunal , on 24th September, 2021 has passed an Order to continue the interim Order dated 8th March, 2019 on the subject of prohibiting mining in the radius of 10 km from Bassi Wildlife Sanctuary.
Most of our ammonia is made from natural gas, the cleanest hydrocarbon source available. We transport ammonia and its solutions around the world for many different process applications, including NOx control. Yara delivers the reagent of your choice from our unique network of plants offering a constant back-up in sourcing. Yara has been dealing with ammonia for over a century, and is a world leader in ammonia, with one third of the ammonia traded in the world coming from Yara. We have an exemplary record of safety, and safety is at the heart of all our operations.
By using Yara’s telemetry system your reagent stock is constantly monitored remotely and Yara takes full responsibility to make sure your ammonia solution levels are always at the level set by you. As a leading manufacturer of engineered wear parts for OEM and non-OEM, ANDRITZ Pulp & Paper offers a wide range of value added upgrade products. Our holistic process expertise helps us to develop technical solutions with a significantly positive effect on efficiency and uptime and thus on the overall process performance and TCO.
Reliable, responsive and hands-on maintenance increases uptime and smoothens performance
The Policy also provides mechanism for reporting of instances of leak or suspected leak of Unpublished Price Sensitive Information in terms of Regulation 9A of the SEBI Regulations, 2015. The Vigil Mechanism/Whistle Blower Policy has also been uploaded on the website of the Company. The Independent Directors of the Company in its separate meeting held during the year also reviewed the performance of NonIndependent Directors and Board as a Whole and Chairman of the Company taking into account the views of Executive Directors and Non-Executive Directors. With the aim of imparting women the skills to get jobs, the Company has taken various initiatives (sewing & stitching, embroidery works) to promote skill development. The Company also supports schemes that generates employments for women in villages surrounding its factories and mining areas.
- The hospital also provides in-patient services to Covid- 19 patients, yet again the only private hospital in Chittorgarh district to do so.
- The Company continuously strives for reduction of carbon footprint and Green House Gases emission by using best energy efficient & environment friendly technologies to improve power & thermal efficiency of the plants.
- In view of the changes made under the Income Tax Act, 1961, by the Finance Act, 2020, dividends paid or distributed by the Company shall be taxable in the hands of the Shareholders.
- The price-earnings ratio is a company’s share price to the company’s Earnings per Share.
- With increasing concern and awareness about the adverse effect of synthetic packaging material to the environment, the demand of jute goods is expected to strengthen going forward.
Traditionally, any value under 1.0 is considered a good P/B value, indicating a potentially undervalued stock. This availability information regarding shortable stocks is indicative only and is subject to change. IB does not accept short sale orders for US stocks that are not eligible for DTC continuous net settlement and all short sale orders are subject to approval by IB. Shome & Banerjee has confirmed that they are free from any disqualifications specified under Section 141 and proviso to Section 148 read with Section 141 and all other applicable provisions of the Companies Act, 2013 and their appointment meets the requirements of Section 141 of the Companies Act, 2013.
To mitigate the substantial increase in freight customer relationship managements, the Company has rationalized delivery costs by reducing lead distance for dispatches from almost all plants. Even so, given the 18% year-on-year jump in diesel prices, delivery cost went up sharply, impacting profitability. Yara is the largest ammonia producer in the world, offering unique expertise in ammonia handling and ammonia back-up supply.