Corporate Overview
Our Capitals
Statutory Reports
- Management Discussion and Analysis
- Board’s Report
- Report on Corporate Governance
- Business Responsibility Report
We have been building our manufacturing prowess by investing in right capacities and capabilities. Our persistent focus on technology and training has resulted in improving processes, driving efficiencies and enhancing our competitiveness. These proactive investments helped ensure seamless operations despite the pandemic. Persevering in our drive to become the most efficient and advanced engineering company, we continue to nurture these technologies and have embarked upon a journey to create the next mega facility that will grow our capabilities multifold.
Despite the pandemic, we effectively used FY 2021 to strengthen our manufactured capital. We successfully commissioned a new forging facility in Baramati which is amongst the most modern, efficient and cost competitive globally. It is designed on lean principles and houses the entire chain of manufacturing from dies to final forged component. We acquired stressed assets of Sanghvi Forgings & Engineering’s which included a 20,000 TPA forging plant in Vadodara, Gujarat which complements our industrial product business and provides entry in a new region.
We now have six operational plants in India – five for steel forging and machining and one for aluminum castings. These plants meet highest global manufacturing standards including ISO 9001, ISO 14001, TS 16949, AS 9100 REV C, NADCAP, API Q1 and PED 97/23/EC.
With the announcement of lockdown, we ensured a safe plant shutdown to avoid any unexpected incidents. This period was used productively to plan a safe and effective re-start and strategies for a reset work environment. We also developed comprehensive operating plan to improve operational efficiencies.
In May 2020, all plants re-started safely with strict adherence to regulatory and safety guidelines. Operations were carried out with bare minimum staff for safe working while rest worked from home. A virtual war room was set-up with daily reviews by senior management. Digital platforms were used to facilitate collaborative working, exchange of information, monitoring equipment health, use of AI & ML and interfacing with customers.
As a result of these efforts, we were able to meet all customer demands and ensure uninterrupted new product development and new customer introduction. Several new products were successfully launched through virtual audits by customers. It also helped in continuing with our efforts of turning around international businesses focused around reducing fixed cost and rationalizing product mix towards light-weight materials.
Connected all energy and natural gas meters on Industrial Internet of Things (IIoT) platform for realtime information on power utilization and quality, thus facilitating interventions to reduce energy consumption.
Undertaking sensorization and condition monitoring efforts on priority to ensure zero unplanned downtime in hydraulics, pneumatics and electronics.
Completely automated operational reporting for the data coming out of machines using IIoT platform.
Use of augmented reality for training operators and guidance during actual maintenance process.
