65
Notice
Directors’Report
(53-68)
Management Discussion & Analysis
Corporate Governance
Secretarial Audit Report
Particulars of Conservation of energy, Technology absorption and
Foreign exchange earnings and outgo in terms of Section 217(1)(e)
of the Companies Act, 1956 read with the Companies (Disclosure of
particulars in the Report of Directors) Rules, 1988 forming part of the
Directors’ Report for the year ended March 31, 2014:
A. CONSERVATION OF ENERGY
The Company has always been conscious of the need for
conservation of energy and has been sensitive in making
progress towards this initiative. Various energy conservation
measures have been taken at all the plants and offices of the
Company to implement energy conservation projects like:
Conversion of electrical heating into Natural Gas (NG)
heating system of washing machines and tempering furnace,
conversion of LPG heating into NG heating of Endogas
generators, conversion of indirect heating into direct heating
system for ovens in Paint Shop, reduction in surface heat loss,
improvement in burning efficiency of burners by controlling
the air - fuel ratio with the help of flue gas analysis, optimization
of Paint shops oven as per production schedule.
Installation of LED Tube lights, LED street lights, LED low bays
fittings, LED bus bar indicators. Installation of energy savers in
lighting circuits, switching OFF unwanted lights, installation of
Star rated Air Conditioning systems, etc.
Installation of Variable Frequency Drives for various applications
like Blowers, Pumps and Air supply plants as a flow control
strategy for energy conservation.
Fresh Air blowers replaced by Man cooler fans, automation for
Blower operation, use of motion sensors and timers for ON-Off
control of lighting system, blowers and fans.
Optimization of compressed air supply pressure, use of DC
powered nut runners in place of Pneumatic nut runners, use
of pressure control valves and Isolation valves in compressed
air network, localized small compressors for low pressure
requirement, migration of localized dryer system to centralized
dryer system for dry compressed air supply.
Modification in electrical logic for automatic switching On-Off
operation of hydraulic motors, coolant pumps, blowers etc,
optimization of AC plant operations, removal of unwanted
AC systems.
Wind Ventilators, downsizing of motors, trimming of impellers
of oversized water recirculation pumps, Delta to Star
connection of motors etc.
All these efforts have resulted in saving of electrical energy of
`
2.67
crores units, Fuel saving: Diesel - 39.7KL, LPG/Propane - 209MT and
Natural Gas - 1.66 Lakh SCM. The whole effort resulted in cost savings
of around
`
20.28 crores and annual Co
2
reduction 22,938 tCo
2
e.
Company has taken new initiative for implementation of ISO: 50001
Energy Management System (EnMS) across all the Company’s Plants
in India. The Company’s Pune, Jamshedpur, Lucknow, Pantnagar,
Sanand and Dharwad Plants are certified for ISO: 50001 Energy
Management System (EnMS) by M/s BVC.
Company’s endeavor for maximizing use of wind energy (Green
Power) has also made significant contributions.
In addition to the Company’s own‘captive wind power’projects
of 21.95 MW capacity, further initiatives have been taken
to purchase wind power from ‘Third Party wind developers’
through open access. For this, PPAs signed for purchase of
additional wind power of
`
8.80 crores Wind units with five
parties. With this, Company's CVBU Pimpri Plant’s total Wind
Power utilization for FY 2013-14 reached to
`
9.07 crores wind
units (equivalent Co
2
e Reduction of 84,931 tCo
2
e), this resulted
in net savings in electricity charges of
`
27.14 crores.
Renewable Energy Certificate (REC): Company’s 21.95MWWind
Power project is registered under REC scheme. Cumulative
32,544 RECs generated; out of which 18,931 RECs sold through
auction, cumulative benefit of
`
2.72 crores.
Award/Recognitionreceivedduringtheyear isasbelow,
CVBU Pune Plant is honored with “Excellent Energy Efficient
Unit Award” by CII-National award for Excellence in Energy
Management - 2013, under Automobile Manufacturing
category.
B.
RESEARCH AND DEVELOPMENT
Specific areas in which R & D carried out by the
Company
The Company’s R&D is aligned towards developing and
acquiring the technology, core competence and skill sets
required for robust and timely delivery of the envisaged future
product portfolio with leading product attributes across
the range of commercial and passenger vehicles. For the
passenger vehicle product range, the focus is on stunning
ANNEXURE TO THE DIRECTORS’ REPORT
