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International Paper APPM Ltd.

BSE: 502330 Sector: Industrials
NSE: IPAPPM ISIN Code: INE435A01028
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VOLUME 1067
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OPEN 329.00
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VOLUME 1067
52-Week high 418.00
52-Week low 272.00
P/E 14.30
Mkt Cap.(Rs cr) 1,306
Buy Price 0.00
Buy Qty 0.00
Sell Price 0.00
Sell Qty 0.00

International Paper APPM Ltd. (IPAPPM) - Director Report

Company director report

Dear Members

The Board of Directors has pleasure in presenting the 53rd Annual Report of the Companyand the Audited Accounts for the year ended March 31 2017.

Performance of the Company

During the financial year 2016-17 the Company performed well with strong sales volumeand price improvement as well as more consistent mill operations and lower costs for keyraw materials. The Company continues to focus on important initiatives for improvingemployee safety and environmental compliance as well as improving the customer experienceand operation efficiencies. These efforts helped the Company to make significantimprovements in EBITDA and profit before exceptional items. The summary of financialperformance for the year is encapsulated below:

In ` crore
Financial Results

March 31 2017

March 31 2016

Sales and other income
(Net of excise duty) 1214.20 1166.27
Earnings before interest depreciation and taxation
(EBITDA) 171.58 137.13
Finance costs 32.60 40.30
Depreciation 68.23 73.17
Profit before exceptional items 70.75 23.66
Exceptional items (28.19) 32.70
Profit before tax 42.56 56.36
Tax expense 11.26 19.47
Profit for the year 31.30 36.89

Sales and Marketing

The key demand drivers contributing to GDP growth in India are also driving consumptionof paper products. The demand for printing and writing UFS (Uncoated Free Sheet) is drivenby growth in consumption within many service sector businesses education manufacturingand government. The Company's commercial performance was strengthened with enhancedproduct offerings expanded domestic distribution and a growing export supply position.

Volume - 1.5% year-on-year growth;

Domestic Market - expanded distribution in North East and West regions;

Launched new market-specific products to expand range of products offered;

Export Market - grew HP brand cut-size by 9% in Middle East and Africa.

The market for UFS was more balanced during 2016-17 as demand continued to grow and theindustry experienced supply constraints. Imports from ASEAN Countries increasedsubstantially during 2016 and this added supply has put pressure on the cut-size market.

In order to strengthen relationships with customers the Company utilized the PaperBaron Program and Dealer Engagement Program to demonstrate the Company's commitment toquality service and reliability as a supplier.

The Company continues to focus on delivering increased value to customers throughimproved products and services including the introduction of several new products to offerto customers a better range of options and to drive increased revenue for the Company.

For supply chain efficiency the Company undertook various Manufacturing Excellenceprojects involving cross functional teams. The projects include Grams per Square Meter(GSM) Rationalization Block Scheduling and On-line Order Status visibility. The successof the block scheduling project was reflected in Company's On-Time-in-Full (OTIF) metricswhich improved from 81% to 88% by year end. GSM rationalization helped the Company toimprove the paper machine efficiencies.

Raw Material

The Company continued to execute its fiber strategy and has further strengthened thesustainable supply of fiber to its mills. By leading a collaborative approach with farmersand key stakeholders the Company has continued on the path of long term sustainability.The farm forestry and procurement strategy has enabled the Company to effectively source100% of its fiber requirement within a 300 kms radius of the mill. With better executionand increased availability the Company has stabilized fiber cost in 2016-17. In additionthe Company continued to execute a focused fiber procurement strategy within 100 kms ofthe mill by empowering and partnering with farmers for long term association. During theplanting year 2016 around 5 million high yielding Casuarina clones along with 48.7million Casuarina seedlings were planted. This covered ~7500 hectares of plantation with50% within 100 km radius of the mill. The Company's sustainability drive resulted inaround 3.75 million man-days employment generation. Research and Development taken upthrough collaborative project with Indian Paper Manufacturers Association (IPMA) andInstitute of Forest Genetic & Tree Breeding (IFGTB) Coimbatore is continuing andexpected to be completed by 2018. Research and development on Eucalyptus started bypartnering with IP Brazil in 2016 and for Casuarina with IFGTB is on ground with fourmulti-location provenance trial established till now at different parts of Andhra Pradesh.

Human Resource & People Development

The people strategy for the year had focus on creating a strong leadership talent poolfor future growth well-being of ageing workforce industrial relations on IP principlesand philosophy of being fair and transparent and creating a collaborative and engagingculture in the organization.

The Company developed a strong leadership pool of mid and senior leadership as part ofCompany's succession plan who are available for cross functional and within function totake up responsibilities as it presents itself. In line with the employee well being theCompany organized annual health check for all its senior staff and introduced medicalinsurance policy that is common for all irrespective of levels in the Company.

As part of transforming the culture and behavior in the industrial relations space theCompany had taken up several steps in educating and engaging with the workmen in a fairand transparent manner at the same time not allowing the external forces to influence anddisrupt the relations of workmen with the management. The Company ensures that all theemployees are treated with same respect.

The development initiatives like diversity and inclusion employee engagement learningand development had significant impact on the Company during the year under review. TheCompany had taken various initiatives like hiring 40% women at the entry level inengineering and management segments First Line Leader program entailing more than 8months intense training to make them ready for future leadership assignments. TheManufacturing Excellence projects provided an opportunity for junior and midlevelemployees to improve their skills in operational excellence problem solving and processimprovements.

IT Initiatives

IT Department continued its focus on enabling business processes and systems throughstrategic adoption of IT. These covered all the operating areas including manufacturingsales and marketing human resources and forestry. During the year under review theCompany implemented several IT systems and processes including redesigning the websiteinfrastructure upgrades regional office migrations enhancing mobile apps and existingapplications to enable customers to view the Company's products. SAP application is beingstabilized and it improved operational efficiency cost reduction improved controls inthe areas of finance costing purchasing manufacturing and project systems. The benefitsderived from this project are simplified standardized and streamlined business processeswith greater integration across the enterprise. The Company is also focusing on innovationwithin IT to reduce the costs and introduce new tools.

CSR Initiatives

The Company had adopted CSR Policy which is placed on the Company's website:www.ipappm.com. The Members of Corporate Social Responsibility Committee as on March 312017 comprised of:

a. Mr. M.S. Ramachandran (Independent Director) -Chairman

b. Ms. Ranjana Kumar (Independent Director) - Member

c. Mr. Rampraveen Swaminathan (Chairman & Managing Director) - Member

The focus areas of CSR Policy are education environment and engagement. In view ofpast losses the Company is not required to spend money on CSR activities as per Section135 of the Companies Act 2013. However as a responsible corporate citizen the Companyincurred a sum of `62.08 lakhs (Including grant of `15 lakhs given to IP India Foundationa Section 8 Company) for supporting various CSR initiatives in these focus areas. Duringthe year the Company's CSR initiatives included:

a. Facilitated spoken English classes for the students of Government Schools inRajahmundry and APPM

Model School;

b. Construction of compound Wall in Girijan Vikas Kendram toilets for girl students inmunicipal school in Veeravaram Village teachers' training to Government School Teachersand painting of two government schools in Kadiyam and Veeravaram and infrastructuresupport to Sangamitra Rehabilitation Centre engaged in teaching mentally challengedchildren;

c. Merit scholarship to the children of government schools sponsoring of Bala Kalakaar- an art camp for the under privileged children;

d. Providing gym equipment to fitness centre and sewing machines to women's tailoringcentre in Kadiyam;

e. Installation of three RO plants for providing safe drinking water in MulagapudiTheeda Ammulapalem villages and two UV plants in two government schools in Rajahmundry;

f. Continuing to provide water through tankers to the people in Katheru.

Awards

During the year under review the Company received the following Awards:

'National Awards for Excellence in CSR & Sustainability' for Community Project ofthe Year wherein safe drinking water initiatives were undertaken in 5 different Mandals ofEast Godavari and Visakhapatnam districts;

'Aqua Excellence Award 2016' awarded by Aqua Foundation at the World Aqua Congress for'Outstanding Contribution towards the cause of Sustainability - Private Sector ';

'Janmabhoomi Award' for work done in the adopted village of Kadiyam under Government ofAndhra Pradesh - Smart Village Smart ward program;

'Social Innovation Award' presented by the World CSR Congress for Innovation Product orServices for implementing a successful model of cost effective spoken English course ingovernment schools named Project New Horizons;

'World Water Leadership - Sustainable Initiatives' award for building a self-sustainingmodel of Safe Drinking Water plants as part of CSR initiatives;

'Best Energy From Waste' award for usage of bark sludge and biomass gasificationsubstituting coal consumption in boiler;

Europe Business Assembly's Prestigious International award in the management andbusiness sphere;

Special Export Award in recognition of export achievement for the year 2014-15 fromCAPEXIL (sponsored by Ministry of Commerce & Industry Government of India).

Related Party Transactions

All related party transactions that were entered into during the financial year underreview were on arms-length basis and were also in the ordinary course of business. Thereare no materially significant related party transactions entered into by the Company withthe promoters directors key managerial personnel which may have a potential conflictwith the interests of the Company at large.

The Board of Directors approved a policy on related party transactions which is placedon the Company's website. The related party disclosures are given in Note No.27 to thefinancial statements.

Remuneration Policy

The Company has adopted the Nomination and Remuneration Committee Charter whichincludes the Company's policy on directors' appointment and remuneration includingcriteria for determining the qualifications positive attributes independence of adirector and other matters provided under Section 178(3) of the Companies Act 2013.

Pursuant to Section 178(4) of the Companies Act 2013 the Company also adoptedremuneration policy relating to remuneration for the directors key managerial personneland senior executives in the rank of vice president and above. The remuneration policy isplaced on Company's website.

Technology Absorption & Energy Conservation

Particulars of conservation of energy technology absorption and foreign exchangeearnings and outgo as required under Section 134(3)(m) of the Companies Act 2013 readwith Rule 8(3) of the Companies (Accounts) Rules 2014 are given in Annexure-1 attachedwhich forms part of this Report.

Risk Management

The Company has a robust business risk management framework to identify and evaluatebusiness risks and opportunities. This framework aims to create transparency minimizeadverse impact on the business objectives and enhance the Company's competitive advantage.The key business risks identified by the Company and its mitigation plans are as under:

a. Fiber Procurement

The Company spends more than 25% of its total cost on procurement of fiber viz.casuarina subabul mixed hard wood eucalyptus etc. Keeping in view the criticality ofthis factor the Company has been expanding farm forestry program to secure fiber supply.

b. Competition Risk

The paper industry is becoming intensely competitive with the expansion of capacitiesby the existing players and lower import duties. To mitigate this risk the Company isleveraging on its expertise and experience by enhancing its brand equity/visibility andproduct portfolio.

c. Occupational Health & Safety (OH&S)

Safety of employees is of paramount importance to the Company. In order to inculcatesafety culture in the Company it has identified Occupational Health& Safety as one ofits focus areas. Various training programs have been conducted at the plants and otherlocations. Accountability has been strengthened by integrating OH&S objectives intojob descriptions with the introduction of management personnel and safety professionals.

Directors

a. Meetings of the Board

The Company prepares Calendar of Meetings for each calendar year and circulates thesame in advance to all the Directors. During the year under review five Board meetingsand four Audit Committee meetings were held. The details of the meetings held are given inthe Corporate Governance Report forming part of Annual Report.

During the year under review:

a. Ms. Ann Wrobleski non-executive director resigned from the Board effective December31 2016 and the Board placed on record its appreciation for the valuable advice andguidance received from Ms. Ann Wrobleski.

b. Mr. Rampraveen Swaminathan resigned as Chairman & Managing Director with effectfrom the close of office hours of April 27 2017 and the Board placed on record itsappreciation for his outstanding contribution in building a strong leadership team andculture of meritocracy integrity and fairness and turning around into a profitablecompany.

The Board of Directors at the Meeting held on January 18 2017 appointed Mr. W. MichaelAmick Jr. as Additional Director with effect from January 18 2017. He will hold office upto the date of ensuing annual general meeting.

The Board of Directors at the Meeting held on February 22 2017 appointed Mr. Donald P.Devlin as Additional Director effective February 22 2017 and as Chairman & ManagingDirector with effect from April 28 2017. The Company had received requisite notices underSection 160 of the Companies Act 2013 proposing the candidature of Mr. W. Michael AmickJr. and Mr. Donald P. Devlin.

In accordance with the provisions of the Companies Act 2013 and Articles ofAssociation of the Company Ms. Shiela P. Vinczeller retires by rotation at theforthcoming Annual General Meeting and being eligible offers herself for reappointment.

b. Independent Directors

The Members at the 50th Annual General Meeting held on August 27 2014 appointed theexisting Independent Directors viz. Mr. Praveen P. Kadle Mr. Adhiraj Sarin Ms. RanjanaKumar Mr. Milind Sarwate and Mr. M.S. Ramachandran under the Companies Act 2013 each fora term of five years up to March 31 2019.

All Independent Directors have given declarations that they meet the criteria ofindependence as laid down under Section 149(6) of the Companies Act 2013 and Regulation16(1)(b) of Securities and Exchange Board of India (Listing Obligations and DisclosureRequirements) Regulations 2015.

c. Key Managerial Personnel

There is no change in the key managerial personnel during the year under review.

d. Performance Evaluation

Pursuant to the provisions of the Companies Act 2013 and Regulation 17 of SEBI(Listing Obligations and Disclosure Requirements) Regulations 2015 the Board has carriedout the annual performance evaluation of its own performance as well as the evaluation ofthe working of its Committees.

A separate exercise was carried out to evaluate the performance of individual directorsincluding the Chairman & Managing Director who were evaluated on parameters such aslevel of engagement and contribution independence of judgment safeguarding the interestsof the Company and its minority shareholders etc. The outcome of Board evaluation for thefinancial year 2016-17 was discussed by the Board at the Meeting held on April 25 2017.

e. Board Training and Induction

At the time of appointing a Director a formal letter of appointment is given tohim/her which inter alia explains the role function duties and responsibilitiesexpected of him/her as a Director of the Company. The Director is also explained in detailthe compliances required from him/her under the Companies Act 2013 SEBI (ListingObligations and Disclosure Requirements) Regulations 2015 and other relevant laws andregulations. Details of familiarization of directors are disclosed on the Company'swebsite.

f. Audit Committee

The Audit Committee as on March 31 2017 comprised of Mr. Praveen P. Kadle as Chairmanand Messrs Milind Sarwate Adhiraj Sarin Thomas G. Kadien and Rampraveen Swaminathan asother Members. All the recommendations made by the Audit Committee were accepted by theBoard.

Extract of Annual Return

The extract of Annual Return as on financial year ended March 31 2017 as requiredunder sub-section 3 of Section 92 of the Companies Act 2013 in Form No. MGT 9 is attachedas Annexure-2.

Particulars of Employees

The information required pursuant to Section 197 read with Rule 5 of the Companies(Appointment and Remuneration of Managerial Personnel) Rules 2014 in respect of employeesof the Company will be provided upon request. In terms of Section 136 of the Act theReport and Accounts are being sent to the Members and others entitled thereto excludingthe information on employees' particulars which is available for inspection by the Membersat the Registered Office of the Company during business hours on working days of theCompany up to the date of the ensuing Annual General Meeting. If any Member is interestedin obtaining a copy thereof such Member may write to the Company Secretary at theRegistered Office in this regard.

Vigil Mechanism

The Company has adopted Whistle Blower Policy to deal with instance of fraud or anyunethical or improper practices. A copy of this policy is placed on the Company's website.

Internal Financial Controls

The Company established an internal financial control system commensurate with thesize scale and complexity of the operations. Internal audit function was jointlycontrolled by in-house department and by a professional firm of chartered accountants. Themain function of Internal Audit is to monitor and evaluate adequacy of internal controlsystem in the Company its compliance with the operating systems accounting proceduresand policies at all locations of the Company. Based on the report of internal auditfunction process owners take corrective action in their respective areas and therebystrengthen the controls. Significant audit observations and corrective actions arereported to the Audit Committee. Statutory Auditors audited the internal financialcontrols (IFC) over financial reporting of the Company as of March 31 2017 in conjunctionwith audit of the financial statements of the Company for the year ended on that date.Unmodified opinion on IFC was given by them.

Statutory Auditors

The Members at the Annual General Meeting held on August 27 2014 appointed MessrsDeloitte Haskins & Sells Chartered Accountants Hyderabad as Auditors of the Companyfor a period of five years to hold office from the conclusion of 50th Annual GeneralMeeting to the conclusion of the fifth consecutive annual general meeting subject toratification of the appointment by the Members at every subsequent annual generalmeetings. Messrs Deloitte Haskins & Sells Chartered Accountants have confirmed theireligibility and willingness to accept office if re-appointed by the Members at the 53rdAnnual General Meeting of the Company.

Secretarial Auditors

Pursuant to the provisions of Section 204 of the Companies Act 2013 and the Companies(Appointment and Remuneration of Managerial Personnel) Rules 2014 the Company hadappointed Messrs D. Hanumanta Raju & Co. a firm of Company Secretaries in Practice toundertake the secretarial audit of the Company. Secretarial Audit Report under Section204(1) of the Companies Act 2013 issued by Messrs D. Hanumanta Raju & Co. PracticingCompany Secretaries in respect of financial year 2016-17 is attached as Annexure-3.

Cost Auditors

In terms of Section 148 of the Companies Act 2013 read with the Companies (Audit &Auditors) Rules 2014 the Board at their meeting held on April 25 2017 appointed MessrsNarasimha Murthy & Co. Cost Accountants as Cost Auditors of the Company at aremuneration of `7.50 lakhs (excluding applicable taxes) plus reimbursement of travellingand out of pocket expenses on the recommendation of Audit Committee for the financial yearending March 31 2018 and their remuneration shall be ratified by the Members at theforthcoming Annual General Meeting.

Cost Accounting Records

Cost accounting records for the financial year under review were maintained as per theCompanies (Cost Accounting Records) Rules. M/s. Narasimha Murthy & Co. CostAccountants were appointed as Cost Auditors of the Company to audit the cost accounts forthe financial year ended March 31 2017. The Cost Audit Report for the financial yearended March 31 2016 was filed with the Ministry of Corporate Affairs in August 2016.

The Cost Audit Report for the year ended March 31 2017 will be filed before end ofSeptember 2017.

Public Deposits

The Company had discontinued its public deposit scheme in the financial year 2012-13.Despite efforts to identify and repay unclaimed deposit the amount of public depositmatured and remaining unclaimed with the Company as on March 31 2017 was `0.65 lakhs. TheCompany has not accepted or renewed any deposit during the year from the public fallingwithin the ambit of Section 73 of the Companies Act 2013 and the Companies (Acceptance ofDeposits) Rules 2014. During the year under review there was no unclaimed deposit amountwhich is required to be transferred to Investor Education and Protection Fund.

Particulars of loans guarantees or investments

No loans guarantees and investments covered under the provisions of Section 186 of theCompanies Act 2013 were given during the year under review.

Dividend

In view of accumulated losses the Board of Directors decided not to recommend paymentof dividend on the equity shares for the financial year under review.

Subsidiary Company

The Company made an investment of `5 lakhs by way of share capital in IP IndiaFoundation a Section 25 company under the Companies Act 1956 wherein the excess ofincome over expenditure will be applied for promoting its objectives. Accordingly theaccounts of IP India Foundation are not consolidated since the holding Company will notderive any economic benefit from its investment in IP India Foundation. During thefinancial year ended March 31 2017 the Foundation recorded surplus of `23.85 lakhs.

The Company undertakes that annual accounts of IP India Foundation and the relatedinformation will be made available to the members of holding company seeking suchinformation at any point of time. The annual accounts of IP India Foundation are placed onthe Company's website and are also available for inspection by any Member at theRegistered Office of the Company during business hours on working days of the Company.Statement containing salient features of the financial statement of IP India Foundationfor the financial year ended March 31 2017 is attached as Annexure-4.

Directors' Responsibility Statement

The Board of Directors hereby confirms and declares that:

in the preparation of final accounts for the year ended March 31 2017 the applicableaccounting standards had been followed along with proper explanation relating to materialdepartures;

they had selected such accounting policies and applied them consistently and madejudgments and estimates that are reasonable and prudent so as to give a true and fair viewof the state of affairs of the Company at the financial year ended March 31 2017 and ofthe profit of the Company for the year;

they had taken proper and sufficient care for the maintenance of adequate accountingrecords in accordance with the provisions of Companies Act 2013 for safeguarding theassets of the Company and for preventing and detecting fraud and other irregularities;

they had prepared the accounts for the year ended March 31 2017 on a 'going concern'basis;

they had laid down internal financial controls to be followed by the Company and thatsuch internal financial controls are adequate and were operating efficiently;

they had devised proper systems to ensure compliance with the provisions of allapplicable laws and that such systems were adequate and operating efficiently.

General

During the year under review the Chairman & Managing Director of the Company hasnot received any remuneration or commission from the subsidiary company.

There were no significant material orders passed by the regulators or courts whichwould impact the going concern status of the Company and its future operations.

The Company has zero tolerance for sexual harassment at workplace and has adopted apolicy on prevention prohibition and redressal of sexual harassment at workplace in linewith the provisions of the Sexual Harassment of Women at Workplace (PreventionProhibition and Redressal) Act 2013 and the rules there under for prevention andredressal of complaints of sexual harassment at workplace. Internal Complaints Committee(ICC) has been set up to redress complaints received regarding sexual harassment. Allwomen employees (permanent contractual temporary trainees) are covered under thispolicy.

Acknowledgements

The Board of Directors wish to place on record their gratitude to the CentralGovernment Government of Andhra Pradesh Government of Telangana State Bank of IndiaAxis Bank Limited Citibank N.A. BNP Paribas JPMorgan Chase Bank N.A. and Bank ofAmerica N.A. for their continued support during the year.

The Board of Directors wish to convey their thanks to the valued customers and dealersfor their continued patronage and place on record their appreciation of the contributionmade by all the employees during the year under review.

For and on behalf of the Board
Hyderabad Donald P. Devlin
June 5 2017 Chairman & Managing Director

Annexure-1

CONSERVATION OF ENERGY TECHNOLOGY ABSORPTION AND FOREIGN EXCHANGE EARNINGS AND OUTGO[Section 134(3)(m) of the Companies Act 2013 read with Rule 8(3) of the Companies(Accounts) Rules 2014] A. Conservation of energy i. The steps taken or impact onconservation of energy:

- Energy efficient lighting for energy conservation;

- Replacement of old insulation with new to reduce heat losses;

- Stopping unnecessary running of equipment & proper monitoring and interlocking toreduce power wastage;

- Bark firing in coal fired boiler for achieving potential coal savings. ii. The stepstaken by the Company for utilizing alternate sources of energy:

- Wood Bark usage in coal fired boiler as alternate fuel for achieving potential coalsavings;

- Chip dust usage for generation of producer gas to save furnace oil in lime kilns;

- Black liquor firing in recovery boiler to steam and further generate power;

- ETP sludge chip dust and Knotter firing in boiler. iii. The Capital Investment onenergy conservation equipment:

- Installation of bark feeding & bark firing systems to reduce coal consumption;

- Replacing old & high energy consuming pumps in ETP with high energy efficientpumps.

B. Technology absorption i. Efforts made towards technology absorption:

- Reducing foul odor generation by upgrading LVHC system with technology fromM/s.Lundberg USA;

- KA#3 drive upgradation technology from ABB Singapore;

- Replacement of obsolete servers & upgrading controllers of DCS in Unit:Rajahmundry Technology from ABB Singapore. ii. Benefits derived like productimprovement cost reduction product development or import substitution:

- Replacement of perforated screen by slotted screens for improved machine efficiency& quality;

- Reduction of foul odor;

- Coal savings achieved by the usage of bark as a fuel in coal fired boiler. iii. Incase of imported technology (Imported during last three years reckoned from the beginningof the financial year)

1. a. Details of technology imported Augmentation of existing diffused aeration system with the state of the art turbo blower of Godrej - Aerzen Germany make. The specific power consumption of power was reduced from 28.29 W/M3-hr to 19.24 W/M3-hr. Also sustainable ETP performance was noticed in achieving COD < 100 & BOD < 15 as against PCB norms of COD < 250 & BOD < 30 respectively.
b. Year of import 2014
c. Has the technology been fully absorbed Technology has been fully absorbed.
d. If not fully absorbed areas where absorption has not taken place and the reasons thereof Not applicable.
2. a. Details of technology imported Installation of Bellmer Press: Sludge dewatering
machine from M/s. Bellmer Germany. Compliance with reference to hazard waste (MHT & M) rules. Scientific approach in management of ETP sludge disposal through burning in boiler and hence improved site compliance with respect to storage & handling of ETP sludge and no dependency on external agencies for its disposal.
b. Year of import 2014
c. Has the technology been fully absorbed Technology has been fully absorbed.
d. If not fully absorbed areas where absorption has not taken place and the reasons thereof Not applicable.
3. a. Detail of technology imported New 5.75 MW generator - replacement of old turbine generator for sustainable power resource as it was observed that rotor's winding overhang binding insulation is deteriorating. The generator was supplied by TD Power Systems Limited Bangalore and the technology imported from TDPS Japan.
b. Year of import 2014
c. Has the technology been fully absorbed Technology has been fully absorbed.
d. If not fully absorbed areas where absorption has not taken place and the reasons thereof Not applicable.
4. a. Details of technology imported Installation of ambient air quality monitoring system
as per APPCB Norms. The system was supplied by M/s. Thermo Fisher Scientific India Private Limited Chennai and the technology was imported from M/s. Thermo Environmental Instruments Inc Franklin MA USA.
b. Year of import 2014
c. Has the technology been fully absorbed Technology has been fully absorbed.
d. If not fully absorbed areas where absorption has not taken place and the reasons thereof Not applicable.
5. a. Details of technology imported As part of the replacement of center press roll for KA#3 Bi-Nip press in the existing worn out roll position new roll was imported from M/s. MWN Maschinenfabrik Germany with 'Pressrok Xtreme' covering for the bare roll and M/s. Stowe Woodward Germany for covering to acheive superior sheet release properties superior abrasion resistance high temperature stability good resistance against chemicals and agents etc. for reliability.
b. Year of import 2014
c. Has the technology been fully absorbed Technology has been fully absorbed.
d. If not fully absorbed areas where absorption has not taken place and the reasons thereof Not applicable.
6. a. Details of technology imported White Liquor Oxidation - New WLO Plant of 120 Cu.m/ day capacity suitable for 720 TPD Unbleached pulp production is installed to maintain chemical balance in pulp & recovery plant save cost by reducing caustic & fuel in lime kiln & avoid selling of excess white liquor. The technology was imported from M/s. Lundberg USA.
b. Year of import 2015
c. Has the technology been fully absorbed Technology has been fully absorbed.
d. If not fully absorbed areas where absorption has not taken place and the reasons thereof Not applicable.
7. a. Technology imported Hard piping for foul odor control - The foul condensate
streams that are generated from fiberline & recovery Island that emit odorous total reduced sulfur (TRS) compounds including hydrogen sulfide (H2S). For efficient collection of foul condensate a new Hard piping technology concept was adopted from M/s. Lundberg USA.
b. Year of import 2015
c. Has the technology been fully absorbed Technology has been fully absorbed.
d. If not fully absorbed areas where absorption has not taken place and the reasons thereof Not applicable.
8. a. Details of technology imported Online measurement of effluent properties viz. TSS
& pH using technology from HACH USA.
b. Year of import 2015
c. Has the technology been fully absorbed Technology has been fully absorbed.
d. If not fully absorbed areas where absorption has not taken place and the reasons thereof Not applicable.
9. a. Details of technology imported DCS upgradation of obsolete servers - Upgradation
of ABB DCS by replacing Windows Server 2003 with Windows XP with Windows Server 2012 and Windows 2008 Operating Systems with latest version 800xA 6.0 advanced controllers supplied by ABB Singapore.
b. Year of import 2016
c. Has the technology been fully absorbed Technology has been fully absorbed.
d. If not fully absorbed areas where absorption has not taken place and the reasons thereof Not applicable.
10. a. Details of technology imported KA#3 drives upgradation - Upgrading the existing
obsolete & outdated DCV 700 Model DC drive system to new ACS 800 MODEL AC drive system on KA3 Machine by ABB Singapore (Thru Benguluru).
b. Year of import 2016
c. Has the technology been fully absorbed Technology has been fully absorbed.
d. If not fully absorbed areas where absorption has not taken place and the reasons thereof Not applicable.
11. a. Details of technology imported LVHC system upgradation - (Foul odor control in RJY
Unit) - System upgradation to effective collection of high concentrated foul gases from evaporator area and to burn in lime kilns to meet PCB norms of ambient air quality. To reduce effluent load from evaporator by reduction of methanol to 95% and H2S to 98% adopting technology from Lundberg USA.
b. Year of import 2016
c. Has the technology been fully absorbed Technology has been fully absorbed.
d. If not fully absorbed areas where absorption has not taken place and the reasons thereof Not applicable.
12. a. Details of technology imported QCS for RJ#6 - replacement of obsolete QCS system
in RJ#6 for improving quality measurement from
M/s. Honeywell Singapore.
b. Year of import 2016
c. Has the technology been fully absorbed Technology has been fully absorbed.
d. If not fully absorbed areas where absorption has not taken place and the reasons thereof Not applicable.

Research & Development (R&D)

a. Specific areas in which R&D carried out by the Company New product development;-New product development; Product quality improvement; Process optimization studies; Identification of functional additives and plant trials for cost reduction/quality improvement; Evaluation of new fibrous raw materials.
b. Benefits derived as a result of the above R&D New products developed as per market demand; Modification of products for customer satisfaction; Identification of additives for quality; Improvement & cost reduction; Identification of alternate fibrous raw materials.
c. Future plan of action New product development; Evaluation of alternate fibrous raw materials; Process optimization studies; Identification of functional additives/chemicals for product development process/quality; Improvement and cost reduction.

 

C. Expenditure incurred on Research and Development In ` lakhs
a. Capital
b. Recurring 14.35
c. Total 14.35
D. Foreign exchange earnings and outgo
a. Foreign exchange earned 20526.16
b. Foreign exchange utilized 4943.93