Page 64 - Annual Report 2019-20

ANNExuRE 3 TO ThE DIRECTORS’ REPORT 63

Statement containing particulars pursuant to Section 134(3)(m) of the Companies Act, 2013 read with 2. Benefits derived like product improvement, cost reduction, product development or import substitution:
Rule 8(3) of the Companies (Accounts) Rules, 2014.
R&D innovations have contributed in improved sales, product performance efficiencies, process efficiencies,
Your Company undertook various measures for conservation of energy and use of alternate sources of energy capacity debottlenecking, addressing market needs for new applications, product cost reduction and PIDILITE ANNUAL REPORT 2019-20
which resulted in total savings of 20.5 crores during the year. Savings accrued during the last 3 years (2017-20) improved environment compliance.
is 52.9 crores.
3. In case of imported technology (imported during the last 3 years reckoned from the beginning of the
A) CONSERVATION OF ENERGY/ALTERNATE SOuRCE OF ENERGY financial year):
The details of technology imported, the year of import, whether the technology been fully absorbed, if not
1. Steps taken or impact on conservation of energy:
fully absorbed, areas where absorption has not taken place, and the reasons thereof:
The manufacturing units of the Company have continued their efforts to reduce energy consumption.
Various steps taken by your Company are given below: The technology for manufacture of Hot melt received by the Company during the year 2018-19, pursuant to
a technology agreement signed in the previous year, shall be fully absorbed on installation of the proposed
1) Replacement of conventional lights with LED. Hot melt adhesive plant by the Company. There was no import of technology during the year 2019-20.
2) Condensate recovery in boiler. 4. Expenditure incurred on Research and Development:
3) Replacement of low efficiency motor with high efficiency motor.
( in crores)
4) Installation of VFD on motors.
Year ended Year ended
st
st
5) Installation of Heat pump for generation of hot & chilled water. 31 March 2020 31 March 2019
6) Installation of energy efficient EC fans in AHU. i) Capital 1.85 0.45
7) Installation of thyristor controller for heaters. ii) Recurring 69.37 64.09

2. Steps taken by the Company for utilizing alternate sources of energy: TOTAL 71.22 64.54
Various initiatives and steps taken by your Company are given below: C] FOREIGN ExChANGE EARNINGS AND OuTGO
a. Green Fuel: The foreign exchange earned in terms of actual inflows during the year and the foreign exchange outgo
during the year in terms of actual outflows.
Large Boilers and Thermic Fluid Heaters are being operated with green fuel (Biomass) in place of
fossil fuels. During the year, by use of green fuels, your Company has saved 14.1 crores and ( in crores)
reduced 28,100 Tons of Eq. Co2 emission compared to use of conventional fuels. Year ended Year ended
st
31 March 2020 31 March 2019
st
b. Wind Energy:
i) Foreign exchange earned 601 543
Power generated through wind farm projects at Gujarat and Maharashtra is utilized in the
manufacturing units and corporate office in Mumbai. This use of power from windmills of ii) Foreign exchange used 911 972
49 Lakh KWH has resulted in saving of 4.2 Crores in the year.
c. Solar Energy:
During this year, the solar projects installed in 10 units have resulted in savings of 1.5 crores.
To further increase the use of renewable power, your Company has installed a solar on ground For and on behalf of the Board of Directors
project with a capacity of 1.8 MW which will be operational in due course. This is expected to result in
annual savings of 2.5 crores and raise the Company’s renewable power consumption from current
67 Lakh KWH to 99 Lakh KWH. Place: Mumbai M B Parekh
Date: 17 June 2020 Executive Chairman
th
3. The Capital Investment on Energy Conservation Equipments:
B) Capital Investment in energy conservation equipment was 2.95 crores during the year.
TEChNOLOGY ABSORPTION
PIDILITE ANNUAL REPORT 2019-20 1. Efforts made towards technology absorption:

a. On R&D front, our focus continues to be advancing development work on various types of products
in adhesives, sealants, waterproofing products, synthetic resins, pigments, pigment dispersions,
intermediates, thickeners, dispersants, coatings and construction chemicals.
b. We work on regular basis with various technology experts and research institutes for developing

new technologies.

c. R&D reinforced the strategic initiative and action plan on safe and sustainable products and
product systems.
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