Vardhman Special Steels Ltd 2024 AR2
The report highlights Vardhman Special Steels Limited's performance and sustainability initiatives for the fiscal year 2023-24. During this period of operational consolidation, the company successfully reduced its internal product rejection levels for Toyota and expanded its rolling mill capacity. Notably, the company assessed its carbon footprint at 0.73 tonnes of CO2 per tonne of steel (Scope 1 & 2) and contracted a 55 MW solar power plant to further reduce this intensity to 0.45. Additionally, Vardhman transitioned to piped natural gas, eliminating truck transport and reducing Scope 3 emissions, while also achieving a 16% reduction in water requirement since FY22 despite increased production.
Company: Vardhman Special Steels Ltd
Sector: Materials
Country: India
Year: 2024
Type: AR2
Pages: 89
Vardhman Special Steels Ltd
Annual Report
The report highlights Vardhman Special Steels Limited's performance and sustainability initiatives for the fiscal year 2023-24. During this period of operational consolidation, the company successfully reduced its internal product rejection levels for Toyota and expanded its rolling mill capacity. Notably, the company assessed its carbon footprint at 0.73 tonnes of CO2 per tonne of steel (Scope 1 & 2) and contracted a 55 MW solar power plant to further reduce this intensity to 0.45. Additionally, Vardhman transitioned to piped natural gas, eliminating truck transport and reducing Scope 3 emissions, while also achieving a 16% reduction in water requirement since FY22 despite increased production.
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Document Details
Report Year
2024
Reporting Period
Apr 1, 2023 - Mar 31, 2024
Fiscal Year
2024
Type
Annual Report with Sustainability Disclosures
Language
English
Pages
File Size
Standards & Assurance
Materiality Assessment
ESG Data?Experimental — AI-extracted data, may contain inaccuracies
Renewable Energy
Women on Board
Employees