Strengthening the Core

Building Capacities
Building-Capacities
  • Invested ₹4,000 Million towards setting-up of forging and machining lines for automotive and industrial applications in Baramati, Maharashtra with expected operationalization in H2 CY 2019
Digitalizing Manufacturing with Industry 4.0
Digitalizing-Manufacturing-with-Industry
  • Operationalized Industry 4.0 Center of Excellence
  • Incubating digital transformation ideas
  • Building a foundation for Machine Learning and Artificial Intelligence to enable preventive maintenance
  • Enhancing operational efficiency, product quality and time-to-market
Strengthening Financials
Strengthening-Financials
  • Generated strong cash flows of ₹1,225 Million despite committing a Capex of ₹8,500 Million during the year
  • Prudent utilization of internal funds to meet Capex programs and also maintain a healthy balance sheet. Long-Term Debt/Equity (net of cash) at standalone and consolidated levels at (0.03) and 0.02 respectively as on March 31, 2019
  • Sweating of assets and increased capacity utilization has helped increase RoCE (net of cash) and RoNW to 24.7% and 19.8% respectively
Nurturing People
Nurturing-People
  • Focused on enhancing employee capabilities by ensuring 10% of employees at any point are undergoing intensive academic and training programs
  • Skill upgradation program through the undergraduate course at BITS Pilani and post graduate course at IIT Bombay
  • Technology development program through tie-ups with reputed global universities
  • Advanced technical skills program through Industry 4.0 Center of Excellence
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