11th February, 2016
With regard to specific questions on our Kaladera Plant in Rajasthan, India, while we have currently suspended manufacturing, we are continuing with all other operations at Kaladera. We also retain the license to produce at this Plant, which is testimony to the fact that should there be a change in demand and volume, we may utilize this latent capacity at the Kaladera Plant.
Some news reports have also referenced a report by TERI in the context of a the local aquifer at Kaladera being stressed. We must add that the TERI report being referred to, was instituted by The
Nonetheless, as a responsible corporate citizen, we have been working towards being a net positive contributor to the availability of water in the aquifer. We have extensively undertaken rain water harvesting initiatives in the area and we renew the maintenance contract of rain water harvesting structures year-on-year.
In addition to the above, given the enormity of use of water in agriculture, we have supported 523 drip irrigation projects in the area covering over 261 hectares of agricultural land through a three way partnership involving farmers, government and the Company. This is yet another example of our commitment to the local community in areas that we operate. We remain committed to working with the local community on the rain water harvesting work that we have been doing since 2003.