ZF Steering Gear (India) Ltd 2020 AR2
The report highlights the financial and operational performance of ZF Steering Gear (India) Limited for the fiscal year 2019-2020. The company faced a challenging year due to the automotive industry slowdown and the COVID-19 pandemic, resulting in a 35.5% contraction in revenue from operations. Despite these headwinds, the company commenced commercial production at its new manufacturing facility in Pithampur, Madhya Pradesh. Additionally, the company continued its commitment to sustainability, generating significant electricity from its solar and wind power projects, which met approximately 39% of the energy consumption at its Vadu Budruk plant.
Company: ZF Steering Gear (India) Ltd
Sector: Consumer Discretionary
Country: India
Year: 2020
Type: AR2
Pages: 106
ZF Steering Gear (India) Ltd
Annual Report
The report highlights the financial and operational performance of ZF Steering Gear (India) Limited for the fiscal year 2019-2020. The company faced a challenging year due to the automotive industry slowdown and the COVID-19 pandemic, resulting in a 35.5% contraction in revenue from operations. Despite these headwinds, the company commenced commercial production at its new manufacturing facility in Pithampur, Madhya Pradesh. Additionally, the company continued its commitment to sustainability, generating significant electricity from its solar and wind power projects, which met approximately 39% of the energy consumption at its Vadu Budruk plant.
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Document Details
Report Year
2020
Reporting Period
Apr 1, 2019 - Mar 31, 2020
Fiscal Year
2020
Published
Aug 1, 2020
Type
Annual Report with Sustainability Disclosures
Language
English
Pages
File Size
Standards & Assurance
Materiality Assessment
ESG Data?Experimental — AI-extracted data, may contain inaccuracies
Employees