Your Directors are pleased to present their report and financial statements of theCompany for the financial year ended March 31 2019.
The standalone financial highlights and performance of the Company for the financialyear ended March 31 2019 is given herein below.
THE YEAR AT A GLANCE
(` in Crores)
|Particular ||For the year ended March 31 2019 ||For the year ended March 31 2018 |
|Gross Profit before interest depreciation & tax ||22.93 ||17.35 |
|Less : Interest ||6.40 ||5.87 |
|Gross Profit before Depreciation ||16.53 ||11.48 |
|Less: Depreciation ||2.09 ||1.71 |
|Profit before tax and exceptional items ||14.44 ||9.77 |
|Exceptional items ||0 ||0 |
|Tax Expenses: ||5.22 ||3.35 |
|Profit after Tax ||9.22 ||6.42 |
|Add : Comprehensive Income ||-0.05 ||0.06 |
|Total Comprehensive Income ||9.17 ||6.47 |
OVERVIEW & STATE OF THE COMPANY'S AFFAIRS
The Company has adopted Indian Accounting Standards (Ind AS) with effect from 1stApril 2017 pursuant to the notification of the Companies (Indian Accounting Standards)Rules 2015 issued by the Ministry of Corporate Affairs.
During the year ended March 31 2019 your Company has achieved total Revenue (i.e.Revenue from Operations & Other income) of Rs. 656.92 crores as against Rs. 453.65crores for the previous year ended March 31 2018. Your Company has achieved Profit beforetax of Rs. 14.44 crores for the current year as against Rs. 9.77 crores for the previousyear (an increase of 47.90% over the previous year). There has been no change in thenature of business of your Company during the year under review.
In view of the Company's improved performance during the financial year underconsideration the Company declared and paid to the shareholders an interim dividend ofRs. 1/- per equity share of face value of Rs.10/- each in the month of November 2018. TheBoard did not recommend a final Dividend and therefore total Dividend for the year endedMarch 31 2019 will be Rs. 1/- per equity share of face value of Rs. 10/- each. The totaloutgo on account of the dividend on existing equity capital would be Rs. 0.67 crores(excluding corporate tax on dividend).
Unpaid / Unclaimed Dividend
In terms of the provisions of Investor Education and Protection Fund Authority(Accounting Audit Transfer and Refund) Rules 2016. During the financial year 2018-2019the Company has transferred unclamed final dividend for the financial year ended 31stMarch 2011 to IEPF.
KEY CONSOLIDATED BALANCE SHEET INFORMATION
The Financial Statement of the Company for the Financial year 2018-19 are prepared incompliance with the applicable provisions of the Act Accounting Standards and asprescribed by Securities and Exchange Board of India (SEBI) under SEBI (ListingObligations and Disclosure Requirements) Regulations 2015 (hereinafter referred to as theSEBI Regulation). The Financial Statement has been prepared on the basis of the auditedfinancial statement of the Company as approved by their respective Board of Directors.
The audited consolidated Financial Statement along with Auditor report have beenannexed to the Annual Report and also available on the website of the Company and can beaccessed at the web link www.maanaluminium.com
Overall consolidated Bank Debt Stood at Rs. 49.58 Crore as on 31st March2019 with Debt Equity Ratio of 1.20. Our Credit Rating have improved to BBB issued byBrick works Ratings India Pvt. Ltd.
Your Company has been able to built-up good order book in all segments and sectors indomestic market. Your Company continues to work towards strengthening domestic order bookand improving the international order book going forward. The present order book and theopportunities in the Indian Metal space as well as International market gives goodvisibility towards a sustainable and profitable growth going forward. Continuous thrust onusing latest technologies digital platform and better processes would ensure furtherimprovement of margins going forward.
During the year your Company has invested Rs. 4.47 crores as Plant and Machinerywhich was funded through internal accruals.
Total addition in the fixed assets was Rs. 6.69 crores during the year which wasfunded through internal accruals. Your Company has sufficient fund based & non-fundbased limits to cater to its existing fund requirements.
DIRECTORS' RESPONSIBILITY STATEMENT
To the best of their knowledge and belief Directors of the Company make the followingstatements in terms of Section 134(3) (c) of the Companies Act 2013:
a) in the preparation of the annual accounts for the financial year ended March 312019 the applicable accounting standards have been followed and there is no materialdeparture from the same;
b) they have 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 end of the financial year and of the profitof the Company for that period;
c) they have taken proper and sufficient care for the maintenance of adequateaccounting records in accordance with the provisions of the Companies Act 2013 forsafeguarding the assets of the Company and for preventing and detecting fraud and otherirregularities;
d) they have prepared the annual accounts for the financial year ended March 31 2019on a going concern basis;
e) they have laid down internal financial controls to be followed by the Company andthat such internal financial controls are adequate and were operating effectively; and
f) they have devised proper systems to ensure compliance with the provisions of allapplicable laws and that such systems are adequate and operating effectively.
In compliance with the Regulation 34 read with Schedule V of the Listing Regulations adetailed report on Corporate Governance is given as an Annexure and forms an integral partof this Annual Report. A Certificate from the Practicing Company Secretary confirmingcompliance of the conditions of Corporate Governance as stipulated under the ListingRegulations is appended to the Corporate Governance Report. A Certificate of the CEO andCFO of the Company in terms of Regulation 17(8) of the Listing Regulations is alsoannexed.
MANAGEMENT DISCUSSION AND ANALYSIS
Pursuant to Regulation 34 of the Listing Regulations a separate section on ManagementDiscussion and Analysis for the year ended March 31 2019 forms an integral part of thisAnnual Report.
DIRECTORS AND KEY MANAGERIAL PERSONNEL ( KMP)
In accordance with the provisions of the Companies Act 2013 and the Articles ofAssociation of the Company Ms. Priti Jain is liable to retire by rotation at the ensuingAnnual General Meeting (AGM). Ms. Priti Jain being eligible offers herself forre-appointment. Your Directors recommend her re-appointment as Director of the Company.The brief resume of Ms. Priti Jain and other relevant details are given in theaccompanying Notice of AGM.
Pursuant to the provisions of the Companies Act 2013 the members at the 11th AGM ofyour Company held on September 30 2014 appointed Mr. Rajesh Jain as an IndependentDirector to hold office for 5 (five) consecutive years for a term up to 16th AGM of theCompany to be held in the year 2019. Mr. Rajesh Jain is eligible for re-appointment as anIndependent Director for a second term of up to 5 (five) consecutive years. Pursuant tothe applicable statutory provisions and based on the recommendation of the Nomination andRemuneration Committee the Board recommends for the approval of the members through aSpecial Resolution at the 16th AGM of your Company the re-appointment of Mr.Rajesh Jain as an Independent Director for a second term of 5 (five) consecutive years fora term up to the conclusion of the 21th Annual General Meeting of the Company in thecalendar year 2024.
Pursuant to the provisions of the Companies Act 2013 the members at the 11th AGM ofyour Company held on September 30 2014 appointed Mr. Ashok Jain as an IndependentDirector to hold office for 5 (five) consecutive years for a term up to 16th AGM of theCompany to be held in the year 2019. Mr. Ashok Jain is eligible for re-appointment as anIndependent Director for a second term of up to 5 (five) consecutive years. Pursuant tothe applicable statutory provisions and based on the recommendation of the Nomination andRemuneration Committee the Board recommends for the approval of the members through aSpecial Resolution at the 16th AGM of your Company the re-appointment of Mr.Ashok Jain as an Independent Director for a second term of 5 (five) consecutive years fora term up to the conclusion of the 21th Annual General Meeting of the Company in thecalendar year 2024.
Pursuant to the provisions of the Companies Act 2013 the members at the 11th AGM ofyour Company held on September 30 2014 appointed Mr. Amit Jain as an Independent Directorto hold office for 5 (five) consecutive years for a term up to 16th AGM of the Company tobe held in the year 2019. Mr. Amit Jain is eligible for re-appointment as an IndependentDirector for a second term of up to 5 (five) consecutive years. Pursuant to the applicablestatutory provisions and based on the recommendation of the Nomination and RemunerationCommittee the Board recommends for the approval of the members through a SpecialResolution at the 16th AGM of your Company the re-appointment of Mr. Amit Jainas an Independent Director for a second term of 5 (five) consecutive years for a term upto the conclusion of the 21th Annual General Meeting of the Company in the calendar year2024.
The Company has received necessary declaration from each Independent Director underSection 149(7) of the Companies Act 2013 that he meets the criteria of independence laiddown in Section 149(6) of the Companies Act 2013 and Regulation 25 of the ListingRegulations.
As on date Mr. Ravinder Nath Jain Managing Director Mr. Sandeep Verma Director& CEO and Mr. Sandeep Agarwal CFO & Company Secretary are the KMP of the Company.Details relating to remuneration of the Directors and KMP are mentioned in Annexure 1 ofthe Board's Report.
Pursuant to the provisions of Section 134(3) Section 149(8) and Schedule IV of theCompanies Act 2013 read with Listing Regulations Annual Performance Evaluation of theBoard the Directors as well as Committees of the Board has been carried out. Theperformance evaluation of all the Directors and the Board as a whole was conducted basedon the criteria and framework adopted by the Board details of which are provided in theCorporate Governance Report. The properly defined and systematically structuredquestionnaire was prepared after having considered various aspects and benchmarks of theBoard's functioning composition of the Board and its Committees performance of specificduties obligations and governance.
The performance evaluation of the Independent Directors was carried out by the entireBoard and the performance evaluation of the Chairman and Non-Independent Directors wascarried out by the Independent Directors in their separate meeting. The Board of Directorsexpressed their satisfaction with the evaluation process.
FAMILIARIZATION PROGRAMME FOR INDEPENDENT DIRECTORS
The Familiarization Programme seeks to update the Independent Directors on variousmatters covering Company's strategy business model operations organization structurefinance risk management etc. It also seeks to update the Independent Directors with theirroles rights responsibilities duties under the Companies Act 2013 and other statutes.
The policy and details of familiarization programme imparted to the IndependentDirectors of the Company is available at www.maanaluminium.com
COMPLIANCE WITH SECRETARIAL STANDARDS
The Company has complied with the applicable mandatory Secretarial Standards issued bythe Institute of Company Secretaries of India.
MEETINGS OF THE BOARD
During the year the Board met 4 (four) times the details of which are provided inCorporate Governance Report.
COMMITTEES OF THE BOARD
The Board of Directors of your Company has constituted various Committees as follows:Audit Committee Nomination and Remuneration Committee Stakeholders Relationship CommitteeCorporate Social Responsibility Committee The details with respect to the compositionpowers roles terms of reference number of meetings held attendance at the meetingsetc. of Statutory Committees are given in detail in the Corporate Governance Report.
The Audit Committee of the Board has been constituted in terms of Listing Regulationsand Section 177 of the Companies Act 2013. The constitution and other relevant details ofthe Audit Committee are given in the Corporate Governance Report. All the recommendationsmade by the Audit Committee were accepted by the Board of Directors.
STATUTORY AUDITORS & AUDITORS' REPORT
Based on the recommendations of the Audit Committee and the Board members of theCompany at the 14th AGM held on June 26 2017 have approved the reappointment of M/s.Khandelwal and Khandelwal Associates (Firm Registration No. 008389C) CharteredAccountants as the Statutory Auditors of the Company for a period of three consecutiveyears i.e. till the conclusion of 17th AGM. The requirement of ratification of appointmentof Statutory Auditors at every AGM has been omitted pursuant to Companies (Amendment) Act2017 notified on May 07 2018. Thus M/s. Khandelwal and Khandelwal Associates willcontinue to hold office till the conclusion of 17th AGM of the Company.
The Auditor's Report on Standalone Ind AS financial statements is a part of this AnnualReport. There has been no qualification reservation adverse remark or disclaimer givenby the Auditors in their Report.
During the year the Statutory Auditors had not reported any matter under Section143(12) of the Companies Act 2013. Therefore no detail is required to be disclosed underSection 134(3) (ca) of the Companies Act 2013.
Pursuant to the provisions of Section 204 of the Companies Act 2013 Mrs. Anita AswalPracticing Company Secretaries (CP No. 13883) had been appointed to undertake thesecretarial audit of the Company for the financial year ended on March 31 2019. TheSecretarial Audit Report is annexed herewith as Annexure 4 which forms an integral partof this report. The said report does not contain any qualification reservation adverseremark or disclaimer. During the year the Secretarial Auditors had not reported anymatter under Section 143(12) of the Companies Act 2013. Therefore no detail is requiredto be disclosed under Section 134(3) (ca) of the Companies Act 2013.
Based on the recommendation of the Audit Committee the Board of Directors of theCompany has appointed Mrs. Anita Aswal Practicing Company Secretaries (CP No. 13883) asthe Secretarial Auditor of the Company for the financial year ending March 31 2020. TheCompany has received their written consent that the appointment is in accordance with theapplicable provisions of the Companies Act 2013 and rules framed thereunder.
COST ACCOUNTS AND COST AUDIT
In terms of Section 148 of the Companies Act 2013 read with Rule 8 of the Companies(Accounts) Rules 2014 it is stated that the cost accounts and records are made andmaintained by the Company as specified by the Central Government under sub-section (1) ofSection 148 of the Companies Act 2013.
Pursuant to the provisions of Section 148 of the Companies Act 2013 read with theCompanies (Cost Records and Audit) Rules 2014 your Company is required to appoint CostAuditor for the audit of cost records of the Company. The Board of Directors of theCompany on the recommendation of the Audit Committee approved the appointment andremuneration payable to M/s Vivek Bothra Cost Accountant (Membership No. 16308) as theCost Auditors of the Company to audit the cost records for the financial year ending March31 2020. The Company has received their written consent that the appointment is inaccordance with the applicable provisions of the Companies Act 2013 and rules framedthereunder. As per the statutory requirement the requisite resolution for ratification ofremuneration of the Cost Auditors by the members of the Company has been set out in theNotice convening 16th AGM of the Company.
During the year the Cost Auditors had not reported any matter under Section 143(12) ofthe Companies Act 2013. Therefore no detail is required to be disclosed under Section134(3) (ca) of the Companies Act 2013.
PARTICULARS OF LOANS GUARANTEES AND INVESTMENTS
There were no loans guarantees or investments made by the Company under Section 186 ofthe Companies Act 2013 during the year under review and hence the said provision is notapplicable.
Your Company does not have any stock options scheme.
RELATED PARTY TRANSACTIONS
In line with the requirements of the Companies Act 2013 and Listing Regulations yourCompany has formulated a Policy on Related Party Transactions which is available onCompany's website at www.maanaluminium.com This policy deals with the review and approvalof related party transactions. The Board of Directors of the Company has approved thecriteria for giving the omnibus approval by the Audit Committee within the overallframework of the Policy on Related Party Transactions. Omnibus approval was obtained forrelated party transactions which are of repetitive nature and entered in the ordinarycourse of business and at arm's length basis. Pursuant to Regulation 23 of the ListingRegulations all related party transactions were placed before the Audit Committee on aquarterly basis specifying the nature value and terms & conditions of thetransactions for their review and approval. There were no material related partytransactions entered into by the Company during the financial year under review.Accordingly the disclosure of related party transactions as required under Section 134(3)(h) of the Companies Act 2013 in Form AOC-2 is not applicable to your Company.
The related party disclosures as specified in Para A of Schedule V read with Regulation34(3) of the Listing Regulations are given in the Financial Statements.
VIGIL MECHANISM / WHISTLE BLOWER POLICY
Your Company has formed a Whistle Blower Policy for establishing a vigil mechanism fordirectors and employees to report genuine concerns regarding unethical behavior andmismanagement if any. The said mechanism also provides for strict confidentialityadequate safeguards against victimization of persons who use such mechanism and makesprovision for direct access to the Chairperson of the Audit Committee in appropriatecases. No personnel have been denied access to the Audit Committee pertaining to theWhistle Blower Policy.
The said Whistle Blower Policy has been disseminated on the Company's website atwww.maanaluminium.com
The Board of Directors has framed a Policy which lays down a framework in relation toremuneration of Directors KMP and other employees of the Company. The salient features ofthis Policy is given in the Corporate Governance Report. On the recommendation ofNomination and Remuneration Committee the Board of Directors of the Company at theirmeeting held on February 09 2019 have amended the Remuneration Policy of the Company. Theamended Policy have been made effective from April 01 2019. The major amendment in thePolicy is pertaining to the definition of Senior Management Personnel of the Company . Thesaid Policy is available on the Company's website at www.maanaluminium.com
PARTICULARS OF EMPLOYEES
The statement of disclosure of Remuneration under Section 197(12) of the Companies Act2013 read with the Rule 5(1) of the Companies (Appointment and Remuneration of ManagerialPersonnel) Rules 2014 (Rules') is appended as Annexure 1 to this Report.
The information as per the provisions of Section 197(12) of the Companies Act 2013read with Rule 5(2) and 5(3) of the Rules is provided in a separate annexure forming partof this Report. However the Annual Report is being sent to the Members of the Companyexcluding the said annexure. In terms of Section 136 of the Companies Act 2013 the saidannexure is open for inspection at the Registered Office as well as Corporate Office ofyour Company. Any Member interested in obtaining a copy of the said statement may write tothe Company Secretary of the Company.
CORPORATE SOCIAL RESPONSIBILITY (CSR)
In accordance with the requirements of Section 135 of the Companies Act 2013 read withthe Companies (Corporate Social Responsibility Policy) Rules 2014 your Company hasconstituted a CSR Committee which comprises of Mr. Suresh Chander Malik Chairman Mr.Ashish Jain and Ms. Priti Jain as its members. The Company has framed a CSR Policy incompliance with the provisions of the Companies Act 2013 and content of the same isplaced on the Company's website at www.maanaluminium.com Annual Report on CSR activitiesas required under the Companies (Corporate Social Responsibility Policy) Rules 2014 hasbeen annexed to this Report as Annexure 3 which forms an integral part of this report.
EXTRACT OF ANNUAL RETURN
Pursuant to Section 92(3) of the Companies Act 2013 read with Rule 12(1) of theCompanies (Management and Administration) Rules 2014 an extract of the Annual Return ofthe Company in Form MGT-9 is annexed as Annexure 2 and forms an integral part of thisreport. The Annual Return as referred in Section 134(3)(a) of the Companies Act 2013 forthe financial year ended March 31 2019 shall be placed on the website of the Company atwww.maanaluminium.com
CONSERVATION OF ENERGY TECHNOLOGY ABSORPTION & FOREIGN EXCHANGE EARNINGS AND OUTGO
Your Company gives significant emphasis on improvement in methods and processes in itsareas of Manufacturing of Aluminium Alloy products. Your Company focuses on Research &Development across various functions in the Organisation. The primary focus of research isto continually refine the frequently used systems at our project to derive optimizationreduction in breakdowns improve effectiveness and efficiency of use. All the above leadsto get a competitive edge for any project. The information as required under Section134(3)(m) of the Companies Act 2013 read with Rule 8 of the Companies (Accounts) Rules2014 for the financial year ended March 31 2019 with respect to the Conservation ofEnergy Technology Absorption and Foreign Exchange Earnings and Outgo has been annexed tothis report which forms an integral part of this report.
During the year under review your Company has not accepted any public deposits underChapter V of the Companies Act 2013.
Risk Management is embedded in your Company's operating framework. Your Companybelieves that managing risks helps in maximizing returns. The Company's approach inaddressing business risks is comprehensive and includes periodic review of such risks anda framework for mitigating controls and reporting mechanism of such risks. The riskmanagement framework is reviewed periodically by the Board and the Audit Committee. Someof the risks that the Company is exposed to are financial risks commodity price risksregulatory risks human resource risks strategic risks etc.
More details in respect to the risk management are given in Management Discussion andAnalysis Report.
INTERNAL FINANCIAL CONTROL AND ITS ADEQUACY
The management has established internal control systems commensurate with the size andcomplexity of the business. The internal control manual provides a structured approach toidentify rectify monitor and report gaps in the internal control systems and processes.The Company follows well-documented Standard Operating Procedures (SOPs). The operatingeffectiveness of various controls is periodically tested and deficiencies if any arepromptly rectified.
More details in respect to Internal Financial Controls and its adequacy are given inManagement Discussion and Analysis Report.
The Long-term and short term Fitch Rating of your Company has been upgraded by thecredit rating agency "Brickwork Ratings India Pvt. Ltd." looking the upgradedperformance of the company in its revenue and profitability. The rating agency has ratedthe company as below :
|S. No. ||Instrument/ Facilities ||Existing Rating ||Revised Rating |
|1. ||Long term bank facilities ||BWR BBB- (Pronounced as BWR Triple B minus) Outlook : Stable ||Long Term Bank Facility - Upgraded to BWR BBB (Pronounced as BWR Triple B) Outlook : Stable (Upgraded) |
|2. ||Short term bank facilities ||BWR A3 (Pronounced as BWR A Three) ||Short Term Bank Facilities - Upgraded to BWR A3+ (Pronounced as BWR A Three Plus) (Upgraded) |
HUMAN RESOURCE MANAGEMENT
HR AUTOMATION AND DIGITAL TRANSFORMATION:
The Company has always valued its workforce as their biggest asset. The Company haspool of competitive dedicated and enthusiastic personnel which is the driving forcebehind its accelerated growth. The Company's policies and practices ensure a favorableworking environment with innovation and motivation. The Company has always put greatemphasis on training and honing the skills of staff at various levels. The industrialrelations continued to remain cordial at all levels of employees during the year.
OTHER DISCLOSURES AND INFORMATION
a} Significant and Material Orders passed by the Authority
There are no significant or material orders passed by the Regulators or Courts orTribunals which impacts the going concern status of the Company and its future operations.
b) Sexual Harassment of Women at workplace
Your Company has adopted a Policy under the provisions of the Sexual Harassment ofWomen at Workplace (Prevention Prohibition and Redressal) Act 2013. The Company hascomplied with provisions relating to the constitution of Internal Complaints Committeeunder the Sexual Harassment of Women at Workplace (Prevention Prohibition and Redressal)Act 2013. There was no complaint about sexual harassment during the year under review.
c) Material Changes and Commitments affecting financial position
There are no material changes and commitments affecting the financial position of theCompany which have occurred between the end of the financial year under review and thedate of this report.
Your Company has been able to perform better with the continuous improvement in allfunctions and areas which coupled with an efficient utilization of the Company's resourcesled to sustainable and profitable growth of the Organization. Your Directors express theirdeep sense of appreciation and extend their sincere thanks to every employee andassociates for their dedicated and sustained contribution and they look forward thecontinuance of the same in future.
Your Directors wish to place on record their appreciation for the continuousassistance support and co-operation received from all the stakeholders viz. financialinstitutions banks governments authorities shareholders clients suppliers customersand associates.
| ||For and on behalf of the Board |
|Date : 13th August 2019 ||Ravinder Nath Jain |
|Place : New Delhi ||Chairman & Managing Director |
Annexure to the Director Report
Particulars under Section 134(3) (m) of the Companies Act 2013 read with rule 8(3) ofthe Companies (Accounts) Rules 2014
A. CONSERVATION OF ENERGY
i. Steps taken or impact on conservation of energy:-
The Company continues its policy of giving priority to energy conservation measuresincluding regular review of energy conservation consumption and effective control ofutilization of energy.
5.51 Lac more consumed in comparison to the last year.
During the year under report Company has consumed units of energy as detailed below.Electric Energy:
(i) 52.47 Lacs (previous year 46.97 Lacs) units supplied by Power Corporation
ii. The steps taken by the Company for utilizing alternate sources of energy- TheCompany has acquired the 1.1 MV Solar Power plant for its captive utilisation.
iii. Capital investment on energy conservation equipment
(a) Additional Investments and proposals if any being implemented for reduction ofconsumption of energy. - The Company has acquired the 1.1 MV Solar Power plant for itscaptive utilisation and invested in Free hold land of Rs. 0.41 crore and on Solar PowerPlant Rs. 2.52 crore (b) Impact of the measures referred to above for reduction of energyconsumption and consequent impact on the cost of production of goods permision forCaptive of power from Solar Energy yet not received therefore impact can not the given inthis year.
B. TECHNOLOGY ABSORPTION ADAPTATION AND INNOVATION
|i) Efforts in brief made towards technology absorption adaptation and innovation- ||NIL |
|ii) Benefits derived as a result of the above efforts: ||N.A. |
|iii) Details of technology imported during last five years || |
|(a) Technology Imported: ||N.A. |
|(b) Year of Import: ||N.A. |
|(c) Has technology been fully absorbed: ||N.A. |
|(d) If not fully absorbed area where this has not taken place: ||N.A. |
|PARTICULARS ||2018-19 ||2017-18 |
|POWER AND FUEL CONSUMPTION : || || |
|(i) Electricity Purchased (Units) ||5247945 ||4697090 |
|Total Amount (Rs.) ||34524568 ||31374333 |
|Rate per unit ||6.58 ||6.68 |
|(ii) Own Generation through D.G. Set: || || |
|Generation Unit ||- ||- |
|Unit per litre of Oil ||- ||- |
|CONSUMPTION PER UNIT OF || || |
|PRODUCTION || || |
|Production in kgs ||5955121 ||5230179 |
|Consumption per unit of Production (per kg.) ||0.88 ||0.90 |
Expenditure incurred on Research and Development.
During the year under review the Company has not incurred any expenses on Research& Development.
FOREIGN EXCHANGE EARNINGS AND OUTGO
The Foreign Exchange earned in terms of actual inflows and the Foreign Exchange outgoin terms of actual outflows are as follow:-Rs. in Crore
|PARTICULARS ||2018-19 ||2017-18 |
|a) Foreign Exchange Earnings (FOB Value of ||55.13 ||41.97 |
|Exports) || || |
|b) Foreign Exchange Outgo ||18.13 ||14.98 |