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  • INOX India unveils FY25 sustainability report: growth and green pledges in focus

    INOX India unveils FY25 sustainability report: growth and green pledges in focus

    INOX India Ltd, a leader in cryogenic equipment, launched its Sustainability Report 2024-2025, spotlighting environmental strides and robust financial growth amid a global push for clean energy solutions.

    The report, overing April 2024 to March 2025 and aligned with Global Reporting Initiative standards, highlights a 19 percent renewable energy uptake, mitigating 1,808 tonnes of CO2 equivalent with new solar and wind installations.

    Scope 1 emissions dropped to 716 tonnes CO2e from 724, though Scope 2 rose to 9,550 tonnes due to expansion, with intensity improving 12 percent to 0.00000079 tonnes per rupee turnover.

    Chairman Pavan Kumar Jain called FY25 a “turning point,” with revenue up 16.2 to Rs 1,354 crore (USD 161.8 million), EBITDA rising 18.3 percent to Rs 330 crore, and PAT increasing 15.4 percent to Rs 224 crore.

    Exports hit Rs 692 crore (53 percent of total), boosted by a Bahamas LNG terminal and the world’s first liquid air energy storage project in Manchester, UK.

    Energy use climbed 28.7 percent to 65,397 GJ (intensity up 7.9 percent), while water fell 5.3 percent to 109,243 KL (intensity down 20.5 percent) with zero liquid discharge at Savli. Waste rose 6.3 percent to 3,406 tonnes (intensity down 10.3 percent), with 2.8 million litres of rainwater harvested.

    CSR efforts invested RS 4.5 crore in girls’ education and healthcare for 5,200 elderly. The 1,332-strong workforce includes 6 percent women (up from 5.7 percent), with 9,689 training hours and a lost time injury frequency rate of 0.23.

    Governance features a diverse eight-member board (25 percent women) and sustainability committees. Lacking Scope 3 data, it focuses on India operations.

    INOX targets 30 percent renewables by FY27 and net-zero by 2040, aligning with its ISO 14001-certified eco-strategy.

  • From darkness to dignity: Murlidhar’s journey of hope with ACC’s MSMM Program

    From darkness to dignity: Murlidhar’s journey of hope with ACC’s MSMM Program

    In the quiet village of Parmadoh, Chandrapur, Maharashtra, Murlidhar Waralu There — a farmer from an economically weaker family — faced a fading world due to an eye disease. Surgery was the only solution, but financial barriers stood in the way—until ACC, a leader in the Adani Portfolio, and the Adani Foundation brought hope through their Meri Sangini Meri Margdarshika (MSMM) program.

    A Champion for Change

    Mamatai Vabhitkar, a dedicated Sangini under the MSMM initiative, discovered Murlidhar’s struggle during a village meeting. With compassion and determination, she introduced him to the Ayushman Bharat Yojana, guiding him through enrollment and documentation. Thanks to her efforts, Murlidhar’s surgery was fully funded, saving him Rs 20,000 and restoring his vision.

    With his eyesight back, Murlidhar resumed his work and regained his independence. His story inspired over 160 villagers in Parmadoh to enroll in the scheme, unlocking access to vital healthcare.

    Building Stronger Communities

    The MSMM program empowers women like Mamatai to bridge the gap between rural communities and government welfare schemes. Through ACC and the Adani Foundation’s efforts, families in Chandrapur are gaining access to healthcare, financial stability, and a brighter future.

  • Modi’s Independence Day Announcements: 8 Big Takeaways

    Modi’s Independence Day Announcements: 8 Big Takeaways

    In his longest Red Fort address yet, Prime Minister Narendra Modi on Friday turned India’s 79th Independence Day into a bold blueprint for the nation’s future, announcing a slew of ambitious initiatives ranging from homegrown semiconductor chips to a Rs 1 lakh crore employment scheme.

    1. India’s First Semiconductor Chip by 2025

    Modi announced India will produce its first ‘Made-in-India’ semiconductor chip by end of 2025. He said attempts to set up chip factories 50-60 years ago were “killed at birth” but India is now on “mission mode.”

    2. GST Reforms Coming on Diwali

    Next-generation GST reforms will be announced on Diwali 2025. These will reduce taxes on essential goods and provide relief to MSMEs, local vendors, and consumers.

    3. Nuclear Power Capacity to Increase 10x

    Work is underway on 10 new nuclear reactors. India aims to increase nuclear power generation capacity by over 10 times by 2047 as part of energy independence goals.

    4. Rs 1 Lakh Crore Employment Scheme

    The PM Viksit Bharat Rozgar Yojana will provide Rs 15,000 monthly to newly employed youth. The scheme targets 3 crore young Indians.

    5. Reform Task Force for $10 Trillion Economy

    A dedicated task force will drive reforms to accelerate growth, cut red tape, and prepare India for a $10 trillion economy by 2047.

    6. Challenge to Build Jet Engines

    Modi asked scientists and youth to develop indigenous jet engines, comparing it to India’s success with COVID vaccines and UPI payments.

    7. Demography Mission for Border Security

    A High-Powered Demography Mission will address demographic imbalances caused by infiltration and illegal migration in border areas.

    8. Ocean Resource Exploration

    The National Deepwater Exploration Mission will tap ocean resources while expanding solar, hydrogen, hydro and nuclear power to reduce dependence on fuel imports.

  • Beyond on size fits all: Industry-specific CSR takes root in India

    Beyond on size fits all: Industry-specific CSR takes root in India

    In a significant shift from one-size-fits-all approaches, Indian companies are increasingly adopting industry-specific Corporate Social Responsibility (CSR) strategies.

    This sector-wise adaptation has emerged as companies recognise that effective social responsibility must address unique industrial challenges while meeting stakeholder expectations.

    Leading the charge is the manufacturing sector, where giants like Hindalco and Tata Steel have made environmental sustainability their cornerstone. At its Belagavi plant, Hindalco has implemented zero-liquid discharge systems while supporting 200 local schools. Tata Steel’s CSR initiatives in Jharkhand and Odisha have become a blueprint for community development in industrial belts.

    The technology sector presents a contrasting picture. While global tech majors like Microsoft operate in India with carbon-neutral commitments, homegrown firms like TCS and Infosys have pioneered digital literacy programmes. TCS’ Adult Literacy Programme has reached over 5 lakh beneficiaries across 12 states.

    In retail, Future Group and DMart have prioritised sustainable sourcing and waste management. Future Group’s skills training programme has empowered over 10,000 youth from underprivileged backgrounds, while DMart focuses on supporting local vendor ecosystems.

    The pharmaceutical sector’s approach reflects unique healthcare challenges. Dr. Reddy’s Foundation works extensively on healthcare accessibility in rural areas, while Cipla Foundation’s ‘Caring for Life’ initiative provides palliative care support across multiple states.

    Energy sector players like ONGC and Indian Oil Corporation have embraced renewable energy investments alongside traditional CSR. ONGC’s solar chulha initiative has impacted 1,000 households in remote areas, while Indian Oil’s Smokeless Village programme has transformed rural cooking practices.

    In the food and beverage sector, companies like ITC and Britannia have focused on sustainable agriculture. ITC’s e-Choupal initiative has reached 4 million farmers, while Britannia’s dairy development programme has enhanced rural livelihoods in Maharashtra and Tamil Nadu.

    The banking sector, led by State Bank of India and HDFC Bank, emphasises financial inclusion. SBI’s youth skill development programmes have trained over 1 lakh candidates, while HDFC Bank’s Sustainable Livelihood Initiative has created 2 million sustainable livelihoods.

    Industry experts note that this sectoral approach has enhanced CSR impact.

    The success of these targeted initiatives suggests that the future of CSR lies in industry-specific solutions rather than generic approaches. As India pushes towards its sustainable development goals, such tailored strategies may prove crucial in addressing sector-specific challenges while contributing to national development objectives.