Prakash Industries Limited

Srivan, Bijwasan, New Delhi - 110061

CIN : L27109HR1980PLC010724
Tel.: +91-11-41155320 / 41155321 / 41155322
E-mail : [email protected], Website : www.prakash.com

PIL/SE/BRSR/2024 6th September, 2024

Listing Department Listing Department

National Stock Exchange of India Ltd. BSE Ltd.
Exchange Plaza, 5th Floor, Plot No. C/1 Phiroze Jeejeebhoy Towers,
G Block,Bandra-Kurla Complex, Bandra (E) Dalal Street,
Mumbai - 400051 Mumbai - 400001

Company Symbol : PRAKASH Company Code : 506022

Sub : Business Responsibility and Sustainability Report for the Financial

Year 2023-24

Dear Sir / Madam,

Pursuant to Regulation 34(2) of SEBI (Listing Obligations and Disclosure

Requirements) Regulations, 2015, we are enclosing herewith Business
Responsibility and Sustainability Report of the Company for the financial year 2023-
24, which forms part of the Annual Report of the Company for the financial year
2023-24

This is for your information and record please.

Thanking you,

Yours faithfully,
For Prakash Industries Limited

Arvind Digitally signed

by Arvind Mahla

Mahla
Date: 2024.09.06
20:42:17 +05'30'

(Arvind Mahla)
Company Secretary

Encl : BRSR FY 2023-24

Regd. Office: 15 Km Stone, Delhi Road, Hissar -125 044

 PRAKASH INDUSTRIES LIMITED
ANNEXURE-6
BUSINESS RESPONSIBILITY & SUSTAINABILITY REPORT
[As per Regulation 34(2)(f) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015]
SECTION A: GENERAL DISCLOSURES
I. Details of the listed entity
1. Corporate Identity Number (CIN) of the Listed Entity : L27109HR1980PLC010724
2. Name of the Listed Entity : Prakash Industries Limited
3. Year of incorporation : 1980
4. Registered office address : 15 Km. Stone, Delhi Road, Hissar-125044 (Haryana)
5. Corporate address : Srivan, Bijwasan, New Delhi-110061
6. E-mail : [email protected]
7. Telephone : +91-11-41155320
8. Website : www.prakash.com
9. Financial year for which reporting is being done : 1st April, 2023 to 31st March, 2024
10. Name of the Stock Exchange(s) : BSE Ltd.
where shares are listed : National Stock Exchange of India Ltd.
11. Paid-up Capital : ` 17908 Lakhs
12. Name and contact details (telephone, email address) of the person who may be contacted in case of any
queries on the BRSR report:
Name : Shri Arvind Mahla
Designation : Company Secretary & Compliance Officer
Address : Srivan, Bijwasan, New Delhi - 110061
Telephone : +91-11-41155320
Email ID : [email protected]
13. Reporting boundary - Are the disclosures under this report made on a standalone basis (i.e. only for the
entity) or on a consolidated basis (i.e. for the entity and all the entities which form a part of its consolidated
financial statements, taken together).
The report is prepared on a standalone basis for Prakash Industries Limited.
14. Weather the Company has undertaken reasonable assurance of the BRSR Core? : No
15. Name of assurance provider : NA
16. Type of assurance obtained : NA
II. Products/services
17. Details of business activities (accounting for 90% of the turnover):

S. No. Description of Main Activity Description of Business Activity % of Turnover of the entity
1 Manufacturing Industry Metal & Metal products 96.82

18. Products/Services sold by the entity (accounting for 90% of the entity’s Turnover):

S. No. Product/Service NIC Code % of total Turnover contribute

1 Sale of Products 2410 96.82

III. Operations
19. Number of locations where plants and/or operations/offices of the entity are situated:
Location Number of plants Number of offices Total
National 5 6 11
International NIL NIL NIL

30 | Annual Report 2023-24

 PRAKASH INDUSTRIES LIMITED
20. Markets served by the entity:
a. Number of locations
Locations Number
National (No. of States) 8
International (no. of Countries) Nil

b. What is the contribution of exports as a percentage of the total turnover of the entity? - NIL
c. A brief on types of customers: The Company’s main products are Sponge Iron / Billet and Ferro Alloys
and main consumers are Secondary steel producers. The Company is ISO 9001:2015 Quality management
Systems, ISO-14001:2015 En. Management System and ISO-45001:2018 – Occupational Health and Safety
Management System and ISO-50001 Energy Management System Certified Organization, which ensures
emphasis on Environment, Health and Safety and Energy Conservation During the Manufacturing Process
and ensures that the Product Quality and Specifications are met as per the customer specification and
laid down procedures are set for customer complaint handling & redressal. Accordingly, all the customer
complaint received are adequately and appropriately resolved timely.
IV. Employees
21. Details as at the end of Financial Year: 2023 - 2024
a. Employees and workers (including differently abled)
S. No. Particulars Total (A) Male Female
No. (B) % (B/A) No. (C) % (C/A)
EMPLOYEES
1. Permanent (D) 1603 1598 99.69 5 0.31
2. Other than Permanent (E) 3 3 100.00 0 0.00
3. Total employees (D+E) 1606 1601 99.69 5 0.31
WORKERS
4. Permanent (F) 824 824 100.00 Nil 0.00
5. Other than Permanent (G) 5171 5162 99.83 9 0.17
6. Total workers (F+G) 5995 5986 99.85 9 0.15

b. Differently abled Employees and workers:

S.No. Particulars Total (A) Male Female
No. (B) % (B/A) No. (C) % (C/A)
DIFFERENTLY ABLED EMPLOYEES
1. Permanent (D) 5 5 100.00 Nil 0.00
2. Other than Permanent (E) Nil Nil 0.00 Nil 0.00
3. Total differently abled employees 5 5 100.00 Nil 0.00
(D+E)
DIFFERENTLY ABLED WORKERS
4. Permanent (F) 1 1 100.00 Nil 0.00
5. Other than Permanent (G) Nil Nil 0.00 Nil 0.00
6. Total differently abled workers 1 1 100.00 Nil 0.00
(F+G)

22. Participation/Inclusion/Representation of women

Total (A) No. and percentage of Females
No.(B) % age (B)
Board of Directors 9 2 22.22
Key Managerial Person 3 Nil 0.00

Annual Report 2023-24 | 31

 PRAKASH INDUSTRIES LIMITED
23. Turnover rate for permanent employees and workers
(Disclose trends for the past 3 years)

FY 2023-2024 (Turnover FY 2022-2023 (Turnover FY 2021-2022 (Turnover

rate in current FY) rate in previous FY) rate in the year prior to
the previous FY)
Male Female Total Male Female Total Male Female Total
Permanent Employees 4.89 - 4.89 6.70 - 6.70 7.85 - 7.85

Permanent Workers 1.69 - 1.69 3.91 - 3.91 2.66 - 2.66

V. Holding, Subsidiary and Associate Companies (including joint ventures)

24. (a) Names of holding / subsidiary / associate companies / joint ventures
S. Name of the holding/ Indicate whether % of shares Does the entity indicated
No. subsidiary/associate holding/Subsidiary/ held by listed at column A, participate in
companies/joint Associate/Joint entity the Business Responsibility
ventures (A) Venture initiatives of the entity? (Yes/No)
– – – –

VI. CSR Details

25. (i) Whether CSR is applicable as per section 135 of Companies Act, 2013: (Yes/No) : Yes
(ii) Turnover (in `) : 3677.78 Crores
(iii) Net worth (in `) : 3015.76 Crores
VII. Transparency and Disclosures Compliances
26. Complaints/Grievances on any of the principles (Principles 1 to 9) under the National Guidelines on Responsible
Business Conduct:
Stakeholder group Grievance Redressal FY 2023-2024 FY 2022-2023
from whom com- Mechanism in Place (Current Financial Year) (Previous Financial Year)
plaint is received (Yes/No) (If Yes, then
Number of Number of Remarks Number of Number of Remarks
provide web-link for
complaints complaints complaints complaints
grievance redress
filed during pending filed during pending
policy)
the year resolution at the year resolution at
close of the close of the
year year
Communities Yes* Nil Nil NA Nil Nil NA
Investors Yes* Nil Nil NA Nil Nil NA
(Other than
shareholders)
Shareholders Yes* 4 Nil ** 3 Nil **
Employees and Yes* Nil Nil NA Nil Nil NA
workers
Customers Yes* 23 Nil ** 14 Nil **
Value Chain Yes* Nil Nil NA Nil Nil NA
Partners

* Refer Section B Question 1(c) for weblink of the policies

** All complaints have been resolved satisfactorily

32 | Annual Report 2023-24

 PRAKASH INDUSTRIES LIMITED
27. Overview of the entity’s material responsible business conduct issues
Please indicate material responsible business conduct and sustainability issues pertaining to environmental
and social matters that present a risk or an opportunity to your business, rationale for identifying the same,
approach to adapt or mitigate the risk along-with its financial implications, as per the following format;
Material topics are those that have a significant impact on our ability to create value for our stakeholders
and are influenced by the economic, social, and environmental context in which we operate. We have the
following material topics:
S. Material Indicate Rationale for identifying the In case of risk, approach to Financial implications of
No. issue whether risk risk / opportunity adapt or mitigate the risk or opportunity
identified or opportunity (Indicate positive or
(R/O) negative implications)
1 Environment Risk As Steel manufacturing We strived to make timely and Positive:
Energy and and Power Generation is fuel suitable investments for continued The investments in energy
Emission and energy centric process compliances and even beyond. and emission management
Management and we use Fuel (Coal) Our manufacturing processes are systems and technologies
and Energy for all operations, energy efficient & ensures Natural have a financial impact on
hence, we need to make resources. We have taken up our business, which we
investments for Energy various emission reduction and consciously acknowledge
Efficiency and Emission energy conservation initiatives and accept. However it
Management to meet the at our manufacturing facilities ensures the clean working
Statutory Compliances. over years. We also focus on environment for the
Utilization of the by product – employees and other stack
Char and other usable wastes holders which is beneficial
to conserve natural resources to the Company.
including Coal.
2 Occupational Risk Employees and workers are We strive to make suitable Positive:
Health and key resources of our business investments in safety related Company invest in safety
Safety operations, and we believe technology and Personal related technology, PPE and
in providing them a safe and Protective Equipment (PPE) for training, However it leads
healthy work environment. employees. Our safety training to benefits of uninterrupted
Additionally, Employee Health programme is also an important operations and downtime
and Safety related incidents aspect to mitigate the associated and reduce the losses
may create the regulatory risk. We organize the Safety and thus create safety
compliance, reputational, and Awareness programmes and work culture and boost the
business continuity risks. And promotional events (Safety morale of employees.
therefore Risk of failure/ non- Week) for creating awareness on
compliance can impact the occupational health & safety at
business operations all level.
3 Risk, Risk We perceive crises We have established robust Positive:
Opportunities management as a risk SOPs as per ISO systems, Establishing robust HSE,
and Crisis because it has the potential conducted toolbox meetings and training of workforce/
Management of unprecedented problems at shop floor, analysed employees require
which could lead to business near miss cases and have investments, but it results
disruptions and downtime. developed plans to manage in a positive impact due
various risk and take to prevention of avoidable
appropriate actions. operational interruptions.
4 Employee Risk Employee Morale and We focus to mitigate this risk by Positive:
Well Being Engagement as well as having a continuous interaction Although the systems
healthy work environment is and emphasis on upgrading and processes require
the most important factor for systems and processes to investments and costs
employee wellbeing. cater to the changing needs of in implementing and
employees and their families. maintaining these programs,
We arrange various training and however, the direct result
recreational programmes within can be linked with increased
the organisation which enhances employee loyalty and longer
employee Belongingness. average service tenure
and better manpower
Productivity
Annual Report 2023-24 | 33
 PRAKASH INDUSTRIES LIMITED
S. Material Indicate Rationale for identifying the In case of risk, approach to Financial implications of
No. issue whether risk risk / opportunity adapt or mitigate the risk or opportunity
identified or opportunity (Indicate positive or
(R/O) negative implications)
5 Water and Risk Risk is always associated We ensure optimum use of Negative:
Waste with Water & Waste Water water by effective monitoring The Company has to invest
Management Management as poor waste system to conserve water as for the water treatment and
water management and well as recycling of the waste Waste Disposal to Ensure
higher uncontrolled water water through ETP and STP. We the compliance of regulatory
consumption mainly lead to take significant care to ensure guidelines.
situation of water availability minimal generation of solid or
problem which may affect the hazardous waste from various
business adversely. operations and have developed
a system to utilize the waste in
the processes by recycling (Char,
Slag, Accretion) etc. and also
disposal in a scientific manner as
per regulatory guidelines. Water
is the most crucial resource for
our plant and we ensure the Zero
Liquid Discharge (ZLD) status for
the Plant.
SECTION B: MANAGEMENT AND PROCESS DISCLOSURES
This section is aimed at helping businesses demonstrate the structures, policies and processes put in place
towards adopting the NGRBC Principles and Core Elements.
S. No. Disclosure Questions P P P P P P P P P
1 2 3 4 5 6 7 8 9
Policy and management processes
1 a. Whether your entity’s policy/policies cover each principle and its core elements of the Y Y Y Y Y Y Y Y Y
NGRBCs. (Yes/No)
b. Has the policy been approved by the Board? (Yes/No) Y Y Y Y Y Y Y Y Y
c. Web Link of the Policies, if available https://prakash.com/policies/
2 Whether the entity has translated the policy into procedures. (Yes / No) Y Y Y Y Y Y Y Y Y
All the Major Policies of ISO-9001:2015,
ISO-14001:15001, ISO-45001:2018 and
ISO-50001:2018 is translated into procedures and
being implemented in the plant
3 Do the enlisted policies extend to your value chain partners? (Yes/No) Y Y Y Y Y Y Y Y Y
4 Name of the national and international /codes/certifications/ labels/ standards (e.g. Forest Our Plant is certified with ISO-9001:2015,
Stewardship Council, Fairtrade, Rainforest Alliance, Trustea) standards (e.g. SA 8000, ISO-14001:15001, ISO-45001:2018 and
OHSAS, ISO, BIS) adopted by your entity and mapped to each principle ISO-50001:2018 and following the Policies and
Procedures laid down by these Systems.
5 Specific commitments, goals and targets set by the entity with defined timelines, if any. The Company set the targets for Sustainability KPIs
related to Productivity, Quality, Environment, Safety
energy, water, waste, air emissions, Society etc. in the
respective areas.
6 Performance of the entity against the specific commitments, goals and targets along-with The performance against the set targets for above
reasons in case the same are not met. parameters and KPI are covered in the Company’s
Annual Report in respective areas.
Governance, leadership and oversight
7. Statement by director responsible for the business responsibility report, highlighting ESG related challenges, targets and achievements
(listed entity has flexibility regarding the placement of this disclosure)
We are dedicated to promoting community efforts that drive improvements in education, rural development, women empowerment,
and making public infrastructure accessible to people with reduced mobility. We prioritize the conservation of natural resources and
improving operational efficiencies to minimize our environmental footprint. We aim to build resilience in our business and among
our stakeholders, and we monitor our activities and their environmental and social impacts to ensure that we create value for all
stakeholders.
34 | Annual Report 2023-24
 PRAKASH INDUSTRIES LIMITED
8. Details of the highest authority responsible for implementation and oversight of the The Board and respective Committees of
Business Responsibility policy(ies). Company are responsible for decision making
on sustainability related issues.
9 Does the entity have a specified Committee of the Board/ Director responsible for Yes, we have respective committees for Health,
decision making on sustainability related issues? (Yes / No). If yes, provide details Safety, CSR, Sustainability and Environment
related aspects. These committees meet
regularly to evaluate the respective committee
performance.
10 Details of Review of NGRBCs by the Company:
Subject for Review Indicate whether review was undertaken by Frequency (Annually/ Half yearly/ Quarterly/
Director / Committee of the Board/ Any other Any other – please specify)
Committee
Subject for Review P P P P P P P P P P P P P P P P P P
1 2 3 4 5 6 7 8 9 1 2 3 4 5 6 7 8 9
Performance against above policies and Relevant policies of the Company As & when required
follow up action are reviewed periodically or on need
basis by the concerned Head / Senior
Management Personnel / Respective
Committees and necessary changes to
policies & procedures are implemented
Compliance with statutory requirements of The Status of compliance with all Quarterly/ Annually (as per compliance
relevance to the principles, and, rectification applicable statutory requirements is requirements)
of any non-compliances reviewed on a quarterly/ annual basis
by the Board. Quarterly Compliance
Certificate on applicable laws is provided
by respective department heads and
placed before the Board.
11. Has the entity carried out independent assessment/ evaluation of the working of its policies by an external
agency? (Yes/No).If yes, provide name of the agency : NO
All polices are evaluated internally at regular basis. No external agency is appointed for assessment /
evaluation of working of its policies.
12. If answer to question (1) above is “No” i.e. not all Principles are covered by a policy, reasons to be stated:

Questions P P P P P P P P P
1 2 3 4 5 6 7 8 9
The entity does not consider the Principles material to its business
(Yes/No)
The entity is not at a stage where it is in a position to formulate and
implement the policies on specified principles (Yes/No)
All Principles are covered by the policies.
The entity does not have the financial or/human and technical
resources available for the task (Yes/No)
It is planned to be done in the next financial year (Yes/No)
Any other reason (please specify)

SECTION C: PRINCIPLE WISE PERFORMANCE DISCLOSURE

This section is aimed at helping entities demonstrate their performance in integrating the Principles and Core
Elements with key processes and decisions. The information sought is categorized as “Essential” and “Leadership”.
While the essential indicators are expected to be disclosed by every entity that is mandated to file this report,
the leadership indicators may be voluntarily disclosed by entities which aspire to progress to a higher level in
their quest to be socially, environmentally and ethically responsible.

Annual Report 2023-24 | 35

 PRAKASH INDUSTRIES LIMITED
PRINCIPLE 1 Businesses should conduct and govern themselves with integrity, and in a manner that is
Ethical, Transparent and Accountable.
Essential Indicators
1. Percentage coverage by training and awareness programmes on any of the Principles during the financial
year:
Yes, all members of the BoD / employees and workers of company are subjected to work within the boundaries
of this policy. The Company ensures that the entire business process are conducted and governed with
Integrity, ethical manner, transparent and accountable. All BoD and Key Management personnel signed the
Code of Conduct of the Company and abide by them.

S. Segment Total number Topics / principles covered %age of persons in

No. of training and under the training and its respective category
awareness impact covered by the
programmes held awareness programmes
1 Board of Directors 4 - Corporate Legal and Com- 100.00%
pliance updates
- Safety Measures
- Business Update of Seam-
less division
- Related Party Transaction
2 Key Managerial 3 Corporate Legal and 100.00%
Personnel Compliance updates
3 Employees other 42 P3, P4 &P6 34.00%
than BoD and KMPs
4 Workers 58 P2, P3 & P6 56.00%
2. Details of fines / penalties /punishment/ award/ compounding fees/ settlement amount paid in proceedings
(by the entity or by directors / KMPs) with regulators/ law enforcement agencies/ judicial institutions, in the
financial year, in the following format (Note: the entity shall make disclosures on the basis of materiality as
specified in Regulation 30 of SEBI (Listing Obligations and Disclosure Obligations) Regulations, 2015 and
as disclosed on the entity’s website):
Monetary
NGRBC Name of the regulatory/ Amount Brief of the Has an appeal
Principle enforcement agencies/ In INR) Case been preferred
judicial institutions (Yes/No
Penalty/Fine - - Nil N.A. N.A.
Settlement - - Nil N.A. N.A.
Compounding Fees - - Nil N.A. N.A.
Non-Monetary
NGRBC Name of the regulatory/ Brief of the Has an appeal
Principle enforcement agencies/ Case been preferred
judicial institutions (Yes/No
Imprisonment - - N.A. N.A.
Punishment - - N.A. N.A.

3. Of the instances disclosed in Question 2 above, details of the Appeal/ Revision preferred in cases where
monetary or non-monetary action has been appealed
Case details Name of the regulatory/ enforcement agencies/ judicial institutions
Not applicable

36 | Annual Report 2023-24

 PRAKASH INDUSTRIES LIMITED
4. Does the entity have an anti-corruption or anti-bribery policy? If yes, provide details in brief and if available,
provide a web-link to the policy.
Yes, The Company has a Vigil Mechanism policy under Section 177 of Companies Act, 2013, to deal with
any instances of corruption or bribery. The Vigil Mechanism policy is available on the website of the Company
viz. https://prakash.com/policies/
5. Number of Directors/KMPs/employees/workers against whom disciplinary action was taken by any law
enforcement agency for the charges of bribery/corruption.
FY 2023-2024 FY 2022-2023
(Current Financial Year) (Previous Financial Year)
Directors Nil Nil
KMPs Nil Nil
Employees Nil Nil
Workers Nil Nil

6. Details of complaints with regard to conflict of interest:

FY 2023-2024 FY 2022-2023
(Current Financial Year) (Previous Financial Year)
No. Remarks No. Remarks
Number of complaints received in relation to Nil NA Nil NA
issues of Conflict of Interest of the Directors
Number of complaints received in relation to Nil NA Nil NA
issues of Conflict of Interest of the KMPs
7. Provide details of any corrective action taken or underway on issues related to fines / penalties / action
taken by regulators/ law enforcement agencies/ judicial institutions, on cases of corruption and conflicts of
interest. Not Applicable
8. Number of days of accounts payables ((Accounts payable *365) / Cost of goods/services procured) in the
following format:
FY 2023-24 FY 2022-23
(Current Financial Year) (Previous Financial Year)
Number of days of accounts payables 27 29
9. Open-ness of business
Provide details of concentration of purchases and sales with trading houses, dealers, and related parties
along-with loans and advances & investments, with related parties, in the following format:
Parameter Metrics FY 2023-24 FY 2022-23
(Current Financial Year) (Previous Financial Year)
Concentration a. Purchases from trading houses – –
of Purchases as % of total purchases
b. Number of trading houses where – –
purchases are made from
c. Purchases from top 10 trading – –
houses as % of total purchases
from trading houses
Concentration a. Sales to dealers / distributors – –
of Sales as % of total sales
b. Number of dealers / distributors – –
to whom sales are made
c. Sales to top 10 dealers / – –
distributors as % of total sales
to dealers / distributors
Annual Report 2023-24 | 37
 PRAKASH INDUSTRIES LIMITED
Parameter Metrics FY 2023-24 FY 2022-23
(Current Financial Year) (Previous Financial Year)
Share of RPTs a. Purchases (Purchases with – –
in related parties / Total Purchases)
b. Sales (Sales to related parties/ – –
Total Sales)
c. Loans & advances (Loans – –
& advances given to related
parties / Total loans & advances)
d. Investments (Investments in – –
related parties / Total Investments
made)
Leadership Indicators
1. Awareness Programmes conducted for value chain partners on any of the Principles during
the financial year:
Total number of awareness Topics / principles covered %age of value chain partners covered (by
programmes held under the training value of business done with such partners)
under the awareness programmes
74 P2 & P3 84%
Company carried out various awareness programs on Environment health and safety, in which suppliers
and contractors have participated and taken part.
2. Does the entity have processes in place to avoid/ manage conflict of interests involving members of
the Board? (Yes/No) If Yes, provide details of the same. Yes
PIL has a Code of Conduct that all Board members and senior management must adhere to. The
Board of Directors and senior management submit an annual declaration confirming their adherence to
the Code of Conduct, which includes the provisions on dealing with conflicts of interest. The same is
available on the website of the Company viz. www.prakash.com.
PRINCIPLE 2 Businesses should provide goods and services in a manner that is sustainable and safe
Essential Indicators
1. Percentage of R&D and capital expenditure (capex) investments in specific technologies to improve
the environmental and social impacts of product and processes to total R&D and capex investments
made by the entity, respectively.
Current Previous Details of improvements in environmental and social
Financial Year Financial Year impacts
R&D - - The Company emphasizes to use the best efficiency machines/
equipment’s and state of art technologies for the product and
processes in the Integrated Steel and Power Plant. The Company
is certified with Integrated Management System ensuring the
Quality (ISO-9001:2015), Environment – (ISO-14001-2015),
Occupational Health Safety –(ISO-45001:2018) and Energy
management systems –(ISO-50001:2018) of the organization.
The company ensure the optimum use of the natural Resources
and Minerals by increased efficiency and implementing the energy
conservation and cost reduction Planning for Energy and Water
Saving.
The Company ensures that it’s all product / process address the
quality, Productivity, Energy Efficiency, environmental, safety
and social concerns at the design stage itself through finalisation
of state-of-the-art technologies as well as effective and faster
implementation at the projects stage.

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 PRAKASH INDUSTRIES LIMITED
Current Previous Details of improvements in environmental and social
Financial Year Financial Year impacts
Capex - - The Company focus on the environment protection by installing
air pollution control devices like High efficiency Electrostatic
Precipitators, Bag Filter System, Fume Extraction systems,
Venture Scrubber Systems, Dust suppression Systems and
Higher Stacks to control the emissions level and to ensure a
healthy and clean environment to its employees and stake holders.
The Company has installed Online Continuous Emission & Effluent
Monitoring Systems for monitoring emission. The Company also
implemented the Green belt development programme inside
the plant premises and to conserve natural resources, Waste Heat
Recovery Boilers are installed Generated coal char from Sponge
Iron Plant is recycled and used as fuel in Captive Power Plant.
Metal recovered from waste slag is reused in Steel making.
The Company’s Integrated Steel Plant ensures ZERO discharge
conditions by utilizing the recycled water treated in the efficient
Effluent Treatment Plant & Sewage Treatment Plant to conserve
water, which is used in water recirculation system, water spraying
system & plantation etc. Rain & Roof water harvesting systems are
provided to maintain desired water level for the plant operations
2. a. Does the entity have procedures in place for sustainable sourcing? (Yes/No) : Yes
b. If yes, what percentage of inputs were sourced sustainably? 25%
Yes, Company has adopted the policy of working with ISO-14001 and ISO - 45001 certified contractors/
suppliers/ vendors for its major services. All contractors/ suppliers/vendors are encouraged to maintain
human resources management policies including disciplinary practices, remuneration and working hour
and health, environment & safety related clauses in their jobs/contracts. Company follows the Three
R’s i.e. RRR Recycle, Reuse, Reduce) and thus all solid wastes including scrap wastes are recycled
for making Billets.
Environment, Social and good Governance practice are core of compare’s procurement practices and
Company’s endeavour is to procure more goods locally and domestically. The main ingredients MS
Scrap, Iron Ore, Dolomite and Coal are sourced locally to ensure sustainable sourcing.
3. Describe the processes in place to safely reclaim your products for reusing, recycling and disposing at the
end of life, for (a) Plastics (including packaging) (b) E-waste (c) Hazardous waste and (d) other waste.
We are disposing the used batteries, hazardous waste, E-waste to authorised recyclers & Plastic waste is
not applicable to as it is not used in our process.
Company believes in creating Wealth from Waste and therefore utilize the various Byproducts and Waste in
the Process. Company has undertaken several initiatives to adopt the mechanism of reuse and recycle of
various waste generated in steel making process. The Slag from Steel Melting Shop & Ferro Alloy Plant is
processed in Metal Recovery plant for recovery of valuable metal for use in Steel Making. Further rejected
slag is being reused in road making and in filling of Abandoned Mines. Mill Scale of SMS, Accretion and
Cooler Oversize Material of DRI is used in the Making of Ferro Alloys and Fly ash of Power Plant is being
used for Making of Fly Ash Bricks as well as being supplied to Cement Plants. Hazardous Wastes mainly
used oil & waste oil is being sold 100% to authorised dealers for further recycling. E waste generated from
the plant is being sold to authorize re-processors and Authorized Vendors.
4. Whether Extended Producer Responsibility (EPR) is applicable to the entity’s activities (Yes / No).
Yes. We are disposing the Hazardous Waste, Used Batteries and E Waste through Authorized Recycler and
We have submitted details of these hazardous waste to Pollution Control Boards in prescribed format.
If yes, whether the waste collection plan is in line with the Extended Producer Responsibility (EPR) plan
submitted to Pollution Control Boards? If not, provide steps taken to address the same.
We are disposing the Hazardous Waste, Used Batteries and E Waste through Authorized Recyclers and we
have submitted details of these hazardous waste to Pollution Control Boards in prescribed format.
Annual Report 2023-24 | 39
 PRAKASH INDUSTRIES LIMITED
Leadership Indicators
1. Has the entity conducted Life Cycle Perspective / Assessments (LCA) for any of its products (for
manufacturing industry) or for its services (for service industry)? If yes, provide details in the following
format? No.
NIC Code Name of the % of Total Boundary Whether Results
Product/ Turnover for which the conducted by Communicated
Service Contributed Life Cycle Independent in Public domain
Perspective/ external agency (Yes/No)
Assessment (Yes/No) If Yes, Provide the
was conducted link
No No No No No No

2. If there are any significant social or environmental concerns and/or risks arising from production or
disposal of your products / services, as identified in the Life Cycle Perspective / Assessments (LCA)
or through any other means, briefly describe the same along-with action taken to mitigate the same.
Name of the Product/ Description of the Action Taken
Service Risk/Concern
Sponge Iron / Billets / Emission Company has installed the latest technology Air
Ferro Alloys and Power pollution control devises like ESP, Bag Filters, Fume
Generation and Sinter Scrubber Systems, Venturi Scrubber Systems etc.
Online monitoring systems are also
installed for online measurement of the Air and water
Pollution levels.

3. Percentage of recycled or reused input material to total material (by value) used in production (for
manufacturing industry) or providing services (for service industry).
Indicate input material Recycled or re-used input material to total material
FY 2023-2024 FY 2022-2023
(Current Financial Year) (Previous Financial Year)
Slag 10.55% 9.80%
Coal Char 62.44% 74.60%

4. Of the products and packaging reclaimed at end of life of products, amount (in metric tonnes) reused,
recycled, and safely disposed, as per the following format:
FY 2023-2024 FY 2022-2023
(Current Financial Year) (Previous Financial Year)
Re-Used Recycled Safely Re-Used Recycled Safely
Disposed Disposed
Plastics NA NA NA NA NA NA
(including packaging)
E-waste NA NA 0.57 NA NA 2.34
Hazardous waste NA NA 14.10 NA NA 5.06
Other waste Batteries NA NA 1.92 NA NA Nil

5. Reclaimed products and their packaging materials (as percentage of products sold) for each product
category.

Indicate product category Reclaimed products and their packaging materials as % of

total products sold in respective category
Not Applicable

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 PRAKASH INDUSTRIES LIMITED
PRINCIPLE 3 Businesses should respect and promote the well-being of all employees, including those in
their value chains
Essential Indicators
1. a. Details of measures for the well-being of employees:

% of employees covered by
Category Total (A) Health insurance Accident Maternity benefits Paternity Benefits Day Care facilities
insurance
Number % (B/A) Number % (C/A) Number % (D/A) Number % (E/A) Number % (F/A)
(B) (C) (D) (E) (F)
Permanent employees
Male 1598 254 15.89 1598 100.00 - - - - - -

Female 5 5 100.00 5 100.00 - - - - - -

Total 1603 259 16.16 1603 100.00 - - - - - -
Other than Permanent employees
Male 3 - - 3 100.00 - - - - - -
Female 0 - - 0 - - - - - - -
Total 3 - - 3 100.00 - - - - - -

b. Details of measures for the well-being of workers:

The Company ensures the wellbeing of the employees and workers by providing safe, healthy and a
hygienic work place. The Company has canteen facility, medical facility, transportation facility, Residential
Colony and Bachelor Accommodation in the campus. Employees are covered under ESIC and Pension
Scheme. Scholarship to Children, Marriage Gift, Uniforms etc. are being given to workers. All festivals
are being celebrated in the Colony and Campus with participation of all regular sports activities are also
being organised for physical & mental development of employees.

% of workers covered by

Category Total (A) Health insurance Accident Maternity benefits Paternity Benefits Day Care facilities
insurance

Number % (B/A) Number % (C/A) Number % (D/A) Number % (E/A) Number % (F/A)
(B) (C) (D) (E) (F)

Permanent employees

Male 824 245 29.73 824 100.00 - - - - - -

Female - - - - - - - - - - -

Total 824 245 29.73 824 100.00 - - - - - -

Other than Permanent employees

Male 5162 5162 100.00 5162 100.00 - - - - - -

Female 9 9 100.00 9 100.00 - - - - - -

Total 5171 5171 100.00 5171 100.00 - - - - - -

Annual Report 2023-24 | 41

 PRAKASH INDUSTRIES LIMITED
c. Spending on measures towards well-being of employees and workers (including permanent and other
than permanent) in the following format-
FY 2023-2024 FY 2022-2023
(Current Financial Year) (Previous Financial Year)
(i) Cost incurred on well-being measures as ` 560 lakhs ` 528 lakhs
a % of total revenue of the company
(ii) Total Revenue of the Company ` 367777 lakhs ` 344375 lakhs
(iii) Cost incurred on wellbeing measures as 0.15% 0.15%
a % of total revenue of the company

2. Details of retirement benefits, for Current Financial Year and Previous Financial Year

Benefits FY 2023-2024 (Current Financial Year) FY 2022-2023 (Previous Financial Year)

No. of No. of Deducted No. of No. of Deducted
employees workers and employees workers and
covered as covered as deposited covered as covered as deposited
a % of total a % of total with the a % of total a % of total with the
employees workers authority employees workers authority
(Y/N/N.A.) (Y/N/N.A.)
PF 100.00 100.00 Yes 100.00 100.00 Yes
Gratuity 100.00 100.00 Yes 100.00 100.00 Yes
ESI 11.01 29.8 Yes 11.97 57.59 Yes
Others-Please - - - - - -
specify

3. Accessibility of workplaces are the premises / offices of the entity accessible to differently abled employees
and workers, as per the requirements of the Rights of Persons with Disabilities Act, 2016? If not, whether
any steps are being taken by the entity in this regard – Yes, The Differently abled employees are working
at work place which is well accessible to them as per the statutory guidelines.
4. Does the entity have an equal opportunity policy as per the Rights of Persons with Disabilities Act, 2016?
If so, provide a web-link to the policy. – Yes, we follow the same rules and guidelines for all Employees
in all dealings like recruitment, Remuneration and Promotions, reward and recognition etc. weblink of policy
https://prakash.com/policies/

5. Return to work and Retention rates of permanent employees and workers that took parental leave -
Not Applicable

Gender Permanent employees Permanent workers

Return to Work Retention rate Return to Work Retention rate
Male - - - -
Female - - - -
Total - - - -
6. Is there a mechanism available to receive and redress grievances for the following categories of employees
and worker? If yes, give details of the mechanism in brief.

Category Yes/No (If Yes, then give details of the mechanism in brief)
Permanent Workers We have a committee to discuss, report and resolve the grievance like
Other than Permanent Workers Sexual harassment committee, Works Committee Regular Meetings
with worker representative by HOD’s, Union Meetings, P&A Meeting,
Permanent Employees Safety Committee Meeting, Environment Management Committee
Other than Permanent Employees Meeting, Suggestion Box etc.

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 PRAKASH INDUSTRIES LIMITED
7. Membership of employees and worker in association(s) or Unions recognised by the listed entity:
Category FY 2023-2024 FY 2022-2023
(Current Financial Year) (Previous Financial Year)
Total No. of % Total No. of %
employees/ employees/ (B/A) employees/ employees/ (D/C)
workers in workers in workers in workers in
respective respective respective respective
category (A) category, who category (C) category, who
are part of are part of
association(s) association(s)
or Union (B) or Union (D)
Total Permanent Employees 1603 1408 87.84 1525 1315 86.23
Male 1598 1403 87.80 1521 1311 86.19
Female 5 5 100.00 4 4 100.00
Total Permanent Workers 824 824 100.00 830 830 100.00
Male 824 824 100.00 830 830 100.00
Female - - - - - -

8. Details of training given to employees and workers:

Category FY 2023-2024 (Current Financial Year) FY 2022-2023 (Previous Financial Year)

Total (A) On Health and safety On Skill up gradation Total (D) On Health and safety On Skill upgradation
measures measures

No. (B) % (B/A) No. (C) % (C/A) No. (E) % (E/D) No. (F) % (F/D)

Employees

Male 1598 1598 100.00 636 39.80 1521 1521 100.00 961 63.18

Female 5 5 100.00 5 100.00 4 4 100.00 4 100.00

Total 1603 1603 100.00 641 39.99 1525 1525 100.00 965 63.28

Workers

Male 824 824 100.00 287 34.83 830 830 100.00 789 95.06

Female - - - - - - - - - -

Total 824 824 100.00 287 34.83 830 830 100.00 789 95.06

9. Details of performance and career development reviews of employees and worker:

Category FY 2022-2023 (Current Financial Year) FY 2021-2022 (Previous Financial Year)
Total (A) No. (B) % (B/A) Total (C) No. (D) % (D/C)
Employees
Male 1598 1598 100.00 1521 1521 100.00
Female 5 5 100.00 4 4 100.00
Total 1603 1603 100.00 1525 1525 100.00
Workers
Male 824 824 100.00 830 830 100.00
Female - - - - - -
Total 824 824 100.00 830 830 100.00
Annual Report 2023-24 | 43
 PRAKASH INDUSTRIES LIMITED
10. Health and safety management system:
a. Whether an occupational health and safety management system has been implemented by the entity?
(Yes/ No).
If yes, the coverage such system?
Yes, company has implemented the ISO-45001:2018 – Occupational Health and Safety Management
System under Integrated Management system. Entire plant and operations and services are abided
by the IMS Policy and perform the task as per IMS Procedures and Policy. All the Employees and
Contractors are abide by the ISO-45001 System and IMS policy and ensure the safe work practices
and safe work culture in the organization.
b. What are the processes used to identify work-related hazards and assess risks on a routine and non-
routine basis by the entity?
Yes, as a Part of ISO-45001 the work related Hazards are identified and risk are assessed though
the Structured Group Risk Assessment (GRA) process and based on the RISK Potential, appropriate
Corrective and Preventive action are being planned and taken through the Improvement action plan by
respective plant and divisions.
c. Whether you have processes for workers to report the work related hazards and to remove themselves
from such risks. (Y/N)
Yes, Well defined Processes is finalised to report the work related Hazards and to remove themselves
from such risks. As a Part of ISO-45001 the work related Hazards are identified and risk are assessed
though the Structured Group Risk Assessment (GRA) process and based on the RISK Potential,
appropriate Corrective and Preventive action are being planned and taken through the Improvement
action plan by respective plant and divisions. The Safety Subcommittee and Safety Committee are
formed for a regular review and monitoring of the safety related work progress and various awareness
programs are organized for creating the safety and health awareness amongst employees.
d. Do the employees/ worker of the entity have access to non-occupational medical and healthcare services?
(Yes/ No)
Yes, We have a full-fledged and well equipped Occupation Health Centre in our plant where a well
qualified team of Doctors and Nursing staff is employed to cater to the medical and health care services
of employees and families, workers have access to these services.
11. Details of safety related incidents, in the following format:
Safety Incident/Number Category FY 2023-2024 FY 2022-2023
(Current Financial) Year (Previous Financial Year)
Lost Time Injury Frequency Rate (LTIFR) Employees 0.22 4.61
(per one million-person hours worked Workers 2 3
Total recordable work-related injuries Employees Nil 2
Workers 2 13
No. of fatalities Employees Nil Nil
Workers 3 3
High consequence work-related injury or Employees Nil Nil
ill-health (excluding fatalities) Workers Nil Nil
12. Describe the measures taken by the entity to ensure a safe and healthy work place.
The Company ensures Safety First is committed to create safe Work environment by providing Safety
Induction programme to all new employees, conducting the Continuous Safety, Occupational, Environmental
training to all employees and making the appropriate Safety PPES available. Safe Work Practices are taught
to employees through this training. The company organize the various awareness programs like National
Safety Day Celebration , Competition for creating the safety and health awareness amongst employees.
44 | Annual Report 2023-24
 PRAKASH INDUSTRIES LIMITED
13. Number of Complaints on the following made by employees and workers:

FY 2023-2024 FY 2022-2023
(Current Financial Year) (Previous Financial Year)

Filed Pending Remarks Filed Pending Remarks

during the resolution during the resolution
year at the end year at the end
of year of year

Working Conditions Nil Nil Nil Nil Nil Nil

Health & Safety Nil Nil Nil Nil Nil Nil

14. Assessments for the year:

Our plant is being assessed on periodic interval by the statutory authority – IHS Department and Health
and Hygiene Committee for working condition and Director Health And Safety for assessing the Healthy and
Safety Practises and Company takes actions on the observations, if any.

% of your plants and offices that were assessed

(by entity or statutory authorities or third parties)

Health and safety practices IHS department – 100% all plant

Working Conditions IHS department – 100% all plant

15. Provide details of any corrective action taken or underway to address safety-related incidents (if any) and
on significant risks / concerns arising from assessments of health & safety practices and working conditions.
The Company takes appropriate corrective and prevention action based on the safety Walk through audit
by safety team and statutory authorities. Company has provided the FRMM Suits to employees working in
the SMS – Heat Area and appropriate PPEs to all Employees. Regular Onsite Safety Trainings , Safety Tool
Box Talk and Identification and Removal of Unsafe condition and Unsafe Practices is being done to ensure
safe work place.
Leadership Indicators
1. Does the entity extend any life insurance or any compensatory package in the event of death of (A)
Employees (Y/N) - YES (B) Workers (Y/N) - YES
2. Provide the measures undertaken by the entity to ensure that statutory dues have been deducted and
deposited by the value chain partners. - We have Prakash Employees Welfare Scheme to provide
monthly pension to the dependents till the age of retirement of the victim.
3. Provide the number of employees / workers having suffered high consequence work related injury /
ill-health / fatalities (as reported in Q11 of Essential Indicators above), who have been are rehabilitated
and placed in suitable employment or whose family members have been placed in suitable employment:

Total no. of affected employees/ No. of employees/workers that are

workers rehabilitated and placed in suitable
employment or whose family
members have been placed in suitable
employment
FY 2023-2024 FY 2022-2023 FY 2023-2024 FY 2022-2023
(Current (Previous (Current (Previous
Financial Year) Financial Year) Financial Year) Financial Year)
Employees Nil Nil Nil Nil
Workers Nil 3 Nil Nil

Annual Report 2023-24 | 45

 PRAKASH INDUSTRIES LIMITED
4. Does the entity provide transition assistance programs to facilitate continued employ ability and the
management of career endings resulting from retirement or termination of employment? (Yes/ No) - NO
5. Details on assessment of value chain partners: Contractors

% of value chain partners (by value of business

done with such partners) that were assessed
Health and safety practices 100 % of all contractor employee
Working Conditions 100 % of all contractor employee

6. Provide details of any corrective actions taken or underway to address significant risks / concerns arising
from assessments of health and safety practices and working conditions of value chain partners –
As a part ISO-45001 regular assessment and corrective and preventive action and improvement action
being taken to address the risk arising from assessment of health and Safety practices and working
conditions, Company is regularly providing PPEs doing Unsafe Condition Survey, Analysing Near Miss
Cases ensuring, Worker Participation & conducting, Safety Committee Meetings and Internal and External
Audit etc.

PRINCIPLE 4: Businesses should respect the interests of and be responsive to all its stakeholders
Essential Indicators
1. Describe the processes for identifying key stakeholder groups of the entity.
PIL has a flexible and strategic stakeholder identifying process where key stakeholder groups from all the
spheres of all possible stakeholders. This is done after considering the influence of each stakeholder on the
Company & their ability to create value for Company. Through this mechanism, the Company has currently
identified certain groups as important stakeholders. Internal stakeholders are all Employees working in the
organization and external stakeholders are suppliers / Vendors / nearby Community/ Contractors / Govt.
Institution / NGO and other interested parties.
2. List stakeholder groups identified as key for your entity and the frequency of engagement with each stakeholder
group.

Stakeholder Group Whether Channels of Frequency of Purpose and scope of

identified as communication engagement engagement including key
Vulnerable & (Email, SMS, (Annually/ topics and concerns raised
Marginalized Newspaper, Half yearly/ during such engagement
Group Pamphlets, Quarterly/
(Yes/No) Advertisement, others
Community – please
Meetings, Notice specify)
Board, Website),
Other
Internal No Email, SMS, Annually/ The Company has developed
stakeholders are all Newspaper, Half yearly/ internal systems and procedures
Employees working Pamphlets, Quarterly/ to identify, prioritize and
in the organization Advertisement, Monthly and address needs and concerns of
and external Community as & when stakeholders at various levels.
stake holders are Meetings, Notice required Likewise, various departments
suppliers / Vendors / Board, Whatsapp have been entrusted with the
nearby Community/ Group, Website responsibility of interacting and
Contractors / Govt. engaging with stakeholders.
Institutions / NGO The Company engages with
and other interested stakeholders through multiple
parties. channels of communication
both formally and informally.

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 PRAKASH INDUSTRIES LIMITED
Leadership Indicators
1. Provide the processes for consultation between stakeholders and the Board on economic, environmental,
and social topics or if consultation is delegated, how is feedback from such consultations provided to
the Board.
The Company has developed internal systems and procedures to identify, prioritize and address needs
and concerns of stakeholders at various levels. Likewise, various departments have been entrusted with
the responsibility of interacting and engaging with stakeholders. The Company engages with stakeholders
through multiple channels of communication both formally and informally.
2. Whether stakeholder consultation is used to support the identification and management of environmental,
and social topics (Yes / No). If so, provide details of instances as to how the inputs received from
stakeholders on these topics were incorporated into policies and activities of the entity.
Yes, Our Internal Stake holders are all Employees working in the organization and external stake
holders are suppliers / Vendors / nearby Community/ Contractors / Govt. Institution / NGO and other
interested parties for the development of socioeconomic development in the plant vicinity. The Company
has mapped its internal as well as external stakeholders. The Company has developed internal systems
and procedures to identify, prioritize and address needs and concerns of stakeholders at various levels.
Likewise, various departments have been entrusted with the responsibility of interacting and engaging
with stakeholders. The Company engages with stakeholders through multiple channels of communication
both formally and informally.
3. Provide details of instances of engagement with, and actions taken to; address the concerns of vulnerable/
marginalized stakeholder groups.
The Company works with the local administration to undertake rural development projects such as
construction of roads, drainage facilities, renovation of pond, construction of bathing places and community
hall and other need based infrastructure as per requirement of near by communities.
a. Extend support to children from earmarked marginalized communities for their education in the nearby
schools / Colleges. - We have been distributing necessary fees for poor children, maintenance of
schools, extended support for higher education for their requirement, provided school bus in nearby
village.
b. Provide apprentices to the nearby students to increase their skill and groom them as employable
and give them jobs as per their skill. – The Company provides apprentices to students of ITI,
Diploma, Engineering in the Company and they are being recruited based on the need of the
Company.
c. The Company works for development and livelihood projects such as spreading awareness about
sanitation, hygiene, vocational training and entrepreneurship. - Plant has provided technical awareness
programme about sanitation, hygiene, vocational training and entrepreneurship from internal &
external parties.
d. Women empowerment through promoting women based groups and focused initiatives including
skilling and livelihood. – The Company is organizing awareness training programme regarding
medical, skill and livelihood to the nearby villages and adopted villages.
e. We have been extending support to widows by way of pensions. – The Company is providing and
extending support for widows by way of giving pensions.
f. Spreading the Awareness on the Health care, Medical aids and Ambulance Facility to nearby
community. – The Company organizes medical camps in nearby villages, distributes medicines free
of cost and provides ambulance facilities in nearby village as per their requirements.
g. Focus on sanitation across community as well as private places including schools, individual
households, community places like markets, community halls etc. Promoting resource sufficiency
for clean drinking water, clean air and green ecosphere. – The Company is providing drinking
water line as well as water tankers, Pond digging in nearby villages and plantation programme
is performed to maintain ecospere. Contribution for Chhattisgarh Badminton & Satranj Sangh for
sports, donation for maintaining social & communities, contribution for cultural programme as per
directions of Administration, contribution for poor families.

Annual Report 2023-24 | 47

 PRAKASH INDUSTRIES LIMITED
PRINCIPLE 5 Businesses should respect and promote human rights
Essential Indicators
1. Employees and workers who have been provided training on human rights issues and policy(ies) of the
entity, in the following format:-

Category FY 2023-2024 (Current Financial Year) FY 2022-2023 (Previous Financial Year)

Total (A) No. of % (B / A) Total (C) No. of % (D / C)
employees employees
/ workers / workers
covered (B) covered (D)
Employees
Permanent 1603 1603 100.00 1089 1089 100.00
Other Than Permanent 3 3 100.00 436 436 100.00
Total Employees 1606 1606 100.00 1525 1525 100.00
Workers
Permanent 824 824 100.00 830 830 100.00
Other Than Permanent 5171 5171 100.00 5121 5121 100.00
Total Employees 5995 5995 100.00 5951 5951 100.00

2. Details of minimum wages paid to employees and workers, in the following format:

Category FY 2023-2024 (Current Financial Year) FY 2022-2023 (Previous Financial Year)

Total (A) Equal to Minimum More than Minimum Total (D) Equal to Minimum More than Minimum
Wage Wage Wage Wage
No. (B) % (B/A) No. (C) % (C/A) No. (E) % (E/D) No. (F) % (F/D)
Employees
Permanent 1603 - - 1603 100.00 1089 - - 1089 100.00
Male 1598 - - 1598 100.00 1089 - - 1089 100.00
Female 5 - - 5 100.00 - - - - -
Other Than 3 - - 3 100.00 436 - - 436 100.00
Permanent
Male 3 - - 3 100.00 432 - - 432 100.00
Female 0 - - 0 4 - - 4 100.00
Workers
Permanent 824 - - 824 100.00 830 - - 830 100.00
Male 824 - - 824 100.00 830 - - 830 100.00
Female - - - - - - - - - -
Other Than 5171 - - 5171 100.00 5121 - - 5121 100.00
Permanent
Male 5162 - - 5162 100.00 5112 - - 5112 100.00
Female 9 - - 9 100.00 9 - - 9 100.00

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 PRAKASH INDUSTRIES LIMITED
3. Details of remuneration/salary/wages, in the following format:
a. Median remuneration/wages

Male Female

Number Median / Average Number Median / Average

remuneration/salary/ remuneration/salary/
wages of respective wages of respective
category category

Board of Directors (BoD) 4 33806056 2 0

Key Managerial Personnel 3 13598824 0 0

Employees other than BoD and KMP 1435 85910104 4 92593

Workers 821 23244728 0 0

b. Gross wages paid to females as % of total wages paid by the entity, in the following format:

FY 2023-2024 FY 2022-2023
(Current Financial Year) (Previous Financial Year)

Gross wages paid to females 25.48 lakhs 23.86 lakhs

Total Wages 12652.55 lakhs 12059.10 lakhs

4. Do you have a focal point (Individual/ Committee) responsible for addressing human rights impacts or issues
caused or contributed to by the business? (Yes/No)
Yes, Human Rights is a sensitive issue and Company has zero tolerance to Human Rights violation. Human
Rights is one of the Key focus area for the Company. No complaint on Human Rights was received during
the year.
5. Describe the internal mechanisms in place to redress grievances related to human rights issues.
Company has a grievance redressal process and has instituted a Code of Conduct & Employee Service
Rules that clearly delineates employee responsibilities and acceptable employee conduct. Company has an
established policy for protecting the human rights of its employees, workers and stakeholders that are also
covered in the Code of Conduct and Whistle Blower Policy.
6. Number of Complaints on the following made by employees and workers:

FY 2023-2024 FY 2022-2023
(Current Financial Year) (Previous Financial Year)

Filed Pending Remarks Filed Pending Remarks

during resolution during resolution
the year at the end the year at the end
of year of year

Sexual Harassment Nil Nil Nil Nil Nil Nil

Discrimination at workplace Nil Nil Nil Nil Nil Nil

Child Labour Nil Nil Nil Nil Nil Nil

Forced Labour/Involuntary Labour Nil Nil Nil Nil Nil Nil

Wages Nil Nil Nil Nil Nil Nil

Other human rights related issues Nil Nil Nil Nil Nil Nil

Annual Report 2023-24 | 49

 PRAKASH INDUSTRIES LIMITED
7. Complaints filed under the Sexual Harassment of Women at Workplace (Prevention, Prohibition and Redressal)
Act, 2013, in the following format:
FY 2023-2024 FY 2022-2023
(Current Financial Year) (Previous Financial Year)
(i) Total Complaints reported under Sexual Nil Nil
Harassment on of Women at Workplace
(Prevention, Prohibition and Redressal)
Act, 2013 (POSH)
(ii) Female employee/ Worker 14 13
(iii) Complaints on POSH as a % of female Nil Nil
employees / workers
(iv) Complaints on POSH upheld Nil Nil
8. Mechanisms to prevent adverse consequences to the complainant in discrimination and harassment cases.
Different Committee and Forum -The Company has a sexual harassment committee to address the issues
and grievances arise of the discrimination and harassment cases. However we have not received any such
complaints during the FY 2023-24.
9. Do human rights requirements form part of your business agreements and contracts? (Yes/No) – No
10. Assessments for the year:
% of your plants and offices that were assessed
(by entity or statutory authorities or third parties)
Child labour 100% of our plant sites were assessed by the Company / Labour inspector
Forced/involuntary labour 100% of our plant sites were assessed by the Company / Labour inspector
Sexual harassment 100% of our plant sites were assessed by the Company / Labour inspector
Discrimination at workplace 100% of our plant sites were assessed by the Company / Labour inspector
Wages 100% of our plant sites were assessed by the Company / Labour inspector
Others – please specify 100% of our plant sites were assessed by the Company / Labour inspector
11. Provide details of any corrective actions taken or underway to address significant risks / concerns arising
from the assessments at Question 9 above.
Periodic assessment by statutory authorities is being carried out for ensuring the points covered in Question
9 and appropriate corrective and preventive action is initiated by the company to address all the issues and
observation of the authority and compliance is being ensured and submitted.
Leadership Indicators
1. Details of a business process being modified / introduced as a result of addressing human rights grievances/
complaints. - Not Applicable
2. Details of the scope and coverage of any Human rights due-diligence conducted. - Not Applicable
3. Is the premise/office of the entity accessible to differently abled visitors, as per the requirements of the Rights
of Persons with Disabilities Act, 2016? - Yes
4. Details on assessment of value chain partners:

% of value chain partners

(by value of business done with such partners) that were assessed
Sexual harassment
Discrimination at workplace
Child labour The Company expects its value chain partners to adhere to the same values,
principles and business ethics upheld by the Company in all their dealings. No
Forced/involuntary labour specific assessment with respect to value chain partners has been carried out.
Wages
Others – please specify

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 PRAKASH INDUSTRIES LIMITED
5. Provide details of any corrective actions taken or underway to address significant risks/concerns arising from
the assessments at Question 4 above.
Periodic assessment by statutory authorities is being carried out for ensuring the points covered in Question
9 and appropriate corrective and preventive action is initiated by the company to address all the issues and
observation of the authority and compliance is being ensured and submitted for its verification and confirmation
of compliance
PRINCIPLE 6: Businesses should respect and make efforts to protect and restore the environment
Essential Indicators
1. Details of total energy consumption (in Joules or multiples) and energy intensity, in the following format:

Parameter FY 2023-24 FY 2022-23

(Current Financial Year) (Previous Financial Year)

From renewable sources

Total electricity consumption (A) – –

Total fuel consumption (B) – –

Energy consumption through other sources (C) – –

Total energy consumed from renewable – –

sources (A+B+C)

From non-renewable sources

Total electricity consumption (D) 4105317 3609468

Total fuel consumption (E) 31420356 21835810

Energy consumption through other sources (F) 278300 336420

Total energy consumed from non-renewable 35803973 25781698

sources (D+E+F)

Total energy consumed (A+B+C+D+E+F) 35803973 25781698

Energy intensity per rupee of turnover 0.0010271 0.000749

(Total energy consumed / Revenue from
operations)

Energy intensity per rupee of turnover 0.0000010741 0.0000005801

adjusted for Purchasing Power Parity (PPP)
(Total energy consumed / Revenue from
operations adjusted for PPP)

Energy intensity in terms of physical output 0.019446 0.021415

Energy intensity (optional) – the relevant metric – –

may be selected by the entity
Note: Indicate if any independent assessment/ evaluation/assurance has been carried out by an external
agency? (Y/N) If yes, name of the external agency. – Yes, M/s MCJ Energy Pvt. Ltd. has conducted the
Energy Audit.
2. Does the entity have any sites / facilities identified as designated consumers (DCs) under the Performance,
Achieve and Trade (PAT) Scheme of the Government of India? (Y/N) If yes, disclose whether targets set
under the PAT scheme have been achieved. In case targets have not been achieved, provide the remedial
action taken, if any. – Yes, The Target given by the Govt. was achieved by the company.

Annual Report 2023-24 | 51

 PRAKASH INDUSTRIES LIMITED
3. Provide details of the following disclosures related to water, in the following format:
Parameter FY 2023-2024 FY 2022-2023
(Current Financial Year) (Previous Financial Year)
Water withdrawal by source(in kilolitres)
(i) Surface water 6766836 6244433
(ii) Groundwater 75357 75312
(iii) Third party water – –
(iv) Seawater / desalinated water – –
(v) Others – –
Total volume of water withdrawal (in kilolitres) 6842193 6319745
(i + ii + iii + iv + v)
Total volume of water consumption (in kilolitres) 6842193 6319745
Water intensity per rupee of turnover 0.0000002053 0.0000001422
(Total water consumption / Revenue from
operations)
Water intensity per rupee of turnover adjusted 0.016584 0.0182140
for Purchasing Power Parity (PPP)
(Total water consumption / Revenue from operations
adjusted for PPP)
Water intensity in terms of physical output 0.016584 0.0182140
Water intensity (optional) – the relevant metric may – –
be selected by the entity
Note: Indicate if any independent assessment/ evaluation/assurance have been carried out by an external
agency? (Y/N) If yes, name of the external agency. No
4. Provide the following details related to water discharged:

Parameter FY 2023-2024 FY 2022-2023

(Current Financial Year) (Previous Financial Year)
Water discharge by destination and level of treatment (in kilolitres
(i) To Surface water – –
- No treatment – –
- With treatment – please specify level – –
of treatment
(ii) To Groundwater – –
- No treatment – –
- With treatment – please specify level – –
of treatment
(iii) To Seawater – –
- No treatment – –
- With treatment – please specify level – –
of treatment
(iv) Sent to third-parties – –
- No treatment – –
- With treatment – please specify level – –
of treatment
(v) Others – –
- No treatment – –
- With treatment – please specify level – –
of treatment
52 | Annual Report 2023-24
 PRAKASH INDUSTRIES LIMITED
5. Has the entity implemented a mechanism for Zero Liquid Discharge? If yes, provide details of its coverage
and implementation.
Yes, Implemented the mechanism for Zero Liquid Discharge and water conservation scheme through Effluent
Treatment plant, Sewage treatment plant, Rain water harvesting, Roof water harvesting system and treated
water is being used in the process & same quantity of water is saved and less water is drawn from resource
water & maintained water level in the area. The STP and ETP water is used in the Gardening and Dust
Suppression to control the fugitive emission and other process requirements.
6. Please provide details of air emissions (other than GHG emissions) by the entity, in the following format:
Parameter Please specify unit FY 2023-2024 FY 2022-2023
(Current Financial Year) (Previous Financial Year)
NOx Mg/Nm3 125 143
SOx Mg/Nm3 265 235
Particulate matter (PM) Mg/Nm 3
30 34
NOx Mg/Nm3 NA NA
SOx Mg/Nm3 235 243
Particulate matter (PM) Mg/Nm 3
28 30
Persistent organic pollutants (POP) Mg/Nm3 NA NA
Volatile organic compounds (VOC) Mg/Nm 3
NA NA
Hazardous air pollutants (HAP) Mg/Nm3 NA NA
Others – please specify Mg/Nm3 NA NA
Note: Indicate if any independent assessment/ evaluation/assurance has been carried out by an external
agency? (Y/N) If yes, name of the external agency. No
7. Provide details of greenhouse gas emissions (Scope 1 and Scope 2 emissions) & its intensity, in the following
format:
Parameter Unit FY 2023-2024 FY 2022-2023
(Current Financial Year) (Previous Financial Year)
Total Scope 1 emissions Metric tonnes NA NA
(Break-up of the GHG into CO2, CH4, of CO2
N2O, HFCs, PFCs, SF6, NF3, if available) equivalent
Total Scope 2 emissions Metric tonnes NA NA
(Break-up of the GHG into CO2, CH4, of CO2
N2O, HFCs, PFCs, SF6, NF3, if available) equivalent
Total Scope 1 and Scope 2 emissions NA NA NA
per rupee of turnover
Total Scope 1 and Scope 2 emission NA NA NA
intensity (optional) – the relevant metric
may be selected by the entity
for Purchasing Power Parity (PPP) – – –
(Total Scope 1 and Scope 2 GHG
emissions / Revenue from operations
adjusted for PPP)
Total Scope 1 and Scope 2 emission – – –
intensity in terms of physical output
Total Scope 1 and Scope 2 emission – – –
intensity (optional) – the relevant metric
may be selected by the entity
Note: Indicate if any independent assessment/ evaluation/assurance have been carried out by an external
agency? (Y/N) If yes, name of the external agency. No

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 PRAKASH INDUSTRIES LIMITED
8. Does the entity have any project related to reducing Green House Gas emission? If yes, then provide details.
No Project is undertaken in FY 2023-24
9. Provide details related to waste management by the entity, in the following format:
Parameter FY 2023-2024 FY 2022-2023
(Current Financial Year) (Previous Financial Year)
Total Waste generated (in metric tonnes)
Plastic waste (A) Nil Nil
E-waste (B) 0.57 1.97
Bio-medical waste (C) 0.03 0.03
Construction and demolition waste (D) Nil Nil
Battery waste (E) 1.92 0.67
Radioactive waste (F) Nil Nil
Other Hazardous waste. Please specify, if any. (G) 14.10 5.06
Used Oil
Other Non-hazardous waste generated (H). Please Nil Nil
specify, if any. (Break-up by composition i.e. by
materials relevant to the sector)
Total (A+B + C + D + E + F + G + H) 16.62 7.73
Waste intensity per rupee of turnover – –
(Total waste generated / Revenue from operations)
Revenue from operations) Waste intensity per – –
rupee of turnover adjusted for Purchasing Power
Parity (PPP)
(Total waste generated / Revenue from operations
adjusted for PPP)
Waste intensity in terms of physical output – –
Waste intensity (optional) – the relevant – –
metric may be selected by the entity
For each category of waste generated, total waste recovered through recycling,
re-using or other recovery operations (in metric tonnes)
Category of waste
(i) Recycled 16.59 7.7
(ii) Re-used – –
(iii) Other recovery operations – –
For each category of waste generated, total waste disposed by nature of disposal method (in metric tonnes)
Category of waste
(i) Incineration 0.03 0.03
(ii) Landfilling – –
(iii) Other disposal operations 16.59 7.70
Total 16.62 7.73
Note: Indicate if any independent assessment/ evaluation/assurance has been carried out by an external
agency? (Y/N) If yes, name of the external agency. No.
10. Briefly describe the waste management practices adopted in your establishments. Describe the strategy
adopted by your company to reduce usage of hazardous and toxic chemicals in your products and processes
and the practices adopted to manage such wastes.
In the process of sponge iron production, coal is used for generating heat and chemical reaction for removing
the oxygen from iron ore, During this metallurgical process reaction, along with sponge iron, coal char and
flue gas is generated as by product of DRI Process. In order to utilise Waste, this coal char is being used as
a fuel for the generation of power in captive power plant. By utilizing the char in power Generation Company
54 | Annual Report 2023-24
 PRAKASH INDUSTRIES LIMITED
is saving proportionate quantity of coal and contributing for conservation of natural resources and keeping
the nature and atmosphere clean. To utilize the flue gas of the DRI Process the company has installed the
Waste Heat Recovery System for Generation of Power by utilizing the Flue gas.
The Slag generated during the process of steel making in Induction Furnace contains Iron particles mixed
with slag. To recover the metal particles, magnetic slag crusher has been established. The recovery of metal
particles is approximately 10% which is reused in the process of induction furnace for steel making. By this,
proportionate amount of raw material i.e., mineral is saved. By doing such practices, we are using a waste
as a source of energy & controlling environmental pollution and conserving the natural resources. As far as
remaining part of slag is concerned, we are using it for levelling work and road making etc.
The Waste generation of Power Plant is Fly ash is being used in brick /block making, road making, and various
concrete applications and is disposed off in abandoned mines. We are having fly ash brick manufacturing
plant inside our premises. Fly ash bricks are used in all type of construction carried out in the plant. Apart
from this we are also disposing off fly ash in mines and low lying areas. All safe and scientific methods are
being adopted during handling, transportation and dumping of fly ash.
11. If the entity has operations/offices in/around ecologically sensitive areas (such as national parks, wildlife
sanctuaries, biosphere reserves, wetlands, biodiversity hotspots, forests, coastal regulation zones etc.) where
environmental approvals / clearances are required, please specify details in the following format:

S. Location of operations/ Type of operations Whether the conditions of environmental

No offices approval / clearance are being complied
with? (Y/N) If no, the reasons thereof and
corrective action taken, if any.
Not Applicable
The company is locating in Hathneora, Dist – Janjgir-Champa and there are no ecologically sensitive areas
in around our company.
12. Details of environmental impact assessments of projects undertaken by the entity based on applicable laws,
in the current financial year:
Name and EIA Date conducted by Results communicated Relevant Web
brief details Notification independent external in public domain link
of project No. agency (Yes / No) (Yes / No)
Not Applicable
The company has not taken any project in the current financial year 2023-2024 hence the Environmental
Impact Assessment was not carried out.
13. Is the entity compliant with the applicable environmental law/ regulations/ guidelines in India; such as the
Water (Prevention and Control of Pollution) Act, Air (Prevention and Control of Pollution) Act, Environment
protection act and rules thereunder (Y/N). If not, provide details of all such non-compliances, in the following
format: - YES, The Company is compliant with all Water, Air and Environment Protection Act of India and
there are no Non-Compliances identified in FY 2023-24.
S. Specify the law/ regulation/ Provide details Any fines/penalties/action taken Corrective
No. guidelines which was not of the non by regulatory agencies such as action taken,
complied with compliance pollution control boards or by courts if any
Not Applicable
Yes, The Company is ISO -14001 and ISO-45001 Certified organization and implement and has complied
with all statutory and legal requirement and applicable Laws of Lands and applicable environmental law/
regulations/ guidelines in India; such as the Water (Prevention and Control of Pollution) Act, Air (Prevention
and Control of Pollution) Act, Environment protection act and rules. The company is ensuring all Water and
Air and Environment protection guidelines and ensure all the compliance as per the Grant Consent of CPCB
and MoEF guidelines.
There is no noncompliance with respect to environmental law/ regulations/ guidelines in the current financial
year 2023-2024.

Annual Report 2023-24 | 55

 PRAKASH INDUSTRIES LIMITED
Leadership Indicators
1. Provide break-up of the total energy consumed (in Joules or multiples) from renewable and non-renewable
sources, in the following format:
Parameter FY 2023-2024 FY 2022-2023
(Current Financial Year) (Previous Financial Year)
From renewable sources
Total electricity consumption (A) - -
Total fuel consumption (B) - -
Energy consumption through other sources (C) - -
Total energy consumed from renewable sources - -
(A+B+C)
From non-renewable sources
Total electricity consumption (D) GJ 4105317 3609468
Total fuel consumption (E) GJ 31420356 21835810
Energy consumption through other sources (F) 278300 336420
GJ from CSEB
Total energy consumed from non-renewable 35803973 25781698
sources (D+E+F) GJ
Note: Indicate if any independent assessment/ evaluation/assurance has been carried out by an external agency?
(Y/N) If yes, name of the external agency. Yes, M/s MCJ Energy Pvt. Ltd. has conducted the Energy Audit.
2. Provide the following details related to water discharged:
Parameter FY 2023-2024 FY 2022-2023
(Current Financial Year) (Previous Financial Year)
Water discharge by destination and level of
treatment (in kilolitres)
(i) To Surface water – –
- No treatment – –
- With treatment – please specify level of – –
treatment
(ii) To Groundwater – –
- No treatment
- With treatment – please specify level of – –
treatment
(iii) To Seawater – –
- No treatment – –
- With treatment – please specify level of – –
treatment
(iv) Sent to third-parties – –
- No treatment – –
- With treatment – please specify level of – –
treatment
(v) Others – –
- No treatment – –
- With treatment – please specify level of – –
treatment
Total water discharged (in kilolitres) 00# 00#
#
The Company has installed efficient effluent treatment plant (ETP) of capacity - 19200 m3/day and Sewage treatment
plant (STP) of capacity - 500 m3/day for treatment of effluent & sewage water of Plant and Colony and Company

56 | Annual Report 2023-24

 PRAKASH INDUSTRIES LIMITED
ensures Zero Liquid Discharge (ZLD) norms and guidelines with continuous monitoring and control mechanism
and treated water is being used appropriately in the process as well as in cooling tower make up, road cleaning,
dust separation, plantation & horticulture purpose.
Note: Indicate if any independent assessment/ evaluation/assurance has been carried out by an external agency?
(Y/N) If yes, name of the external agency. No.

3. Water withdrawal, consumption and discharge in areas of water stress (in kilolitres):
For each facility / plant located in areas of water stress, provide the following information:
(i) Name of the area - Champa, Chhattisgarh
(ii) Nature of operations - Manufacturing Plant and Power Generation
(iii) Water withdrawal, consumption and discharge in the following format:

Parameter FY 2023-2024 FY 2022-2023

(Current Financial Year) (Previous Financial Year)

Water withdrawal by source (in kilolitres)

(i) To Surface water 6766836 6244433

(ii) Groundwater 75357 75312

(iii) Third party water – –

(iv) Seawater / desalinated water – –

(v) Others – –

Total water discharged (in kilolitres) 00# 00#

Total volume of water withdrawal (in kilolitres) 6842193 6319745

Total volume of water consumption 6842193 6319745

(in kilolitres)

Water intensity per rupee of turnover 0.0010271 0.000183513

(Water consumed / turnover)

Water intensity (optional) – the relevant metric – –

may be selected by the entity

Water discharge by destination and level of – –

treatment (in kilolitres)

(i) Into Surface water – –

- No treatment – –

- With treatment – please specify level of – –

treatment

(ii) Into Groundwater – –

- No treatment – –

- With treatment – please specify level of – –

treatment

Annual Report 2023-24 | 57

 PRAKASH INDUSTRIES LIMITED
Parameter FY 2023-2024 FY 2022-2023
(Current Financial Year) (Previous Financial Year)

(iii) Into Seawater – –

- No treatment – –

- With treatment – please specify level of – –

treatment

(iv) Sent to third-parties – –

- No treatment – –

- With treatment – please specify level of – –

treatment

(v) Others – –

- No treatment – –

- With treatment – please specify level of – –

treatment

Total water discharged (in kilolitres) 00# 00#

#
We have installed effluent treatment plant (ETP) of capacity - 19200 m3/day and sewage treatment plant
(STP) of capacity - 500 m3/day for treatment of effluent & sewage water and Zero discharge condition is
being maintained.
Note: Indicate if any independent assessment/ evaluation/assurance has been carried out by an external
agency? (Y/N) If yes, name of the external agency. No
4. Please provide details of total Scope 3 emissions & its intensity, in the following format:

Parameter Unit FY 2023-2024 FY 2022-2023

(Current Financial Year) (Previous Financial Year)

Total Scope 3 emissions (Break- Metric tonnes NA NA

up of the GHG into CO2, CH4, of CO2
N2O, HFCs, PFCs, SF6, NF3, if equivalent
available)

Total Scope 3 emissions per rupee NA NA NA

of turnover

Total Scope 3 emission intensity NA NA NA

(optional) – the relevant metric
may be selected by the entity

Note: Indicate if any independent assessment/ evaluation/assurance has been carried out by an external
agency? (Y/N) If yes, name of the external agency. No.
5. With respect to the ecologically sensitive areas reported at Question 10 of Essential Indicators above, provide
details of significant direct & indirect impact of the entity on biodiversity in such areas along-with prevention
and remediation activities.
There is no any ecologically sensitive areas in around the company premises.
6. If the entity has undertaken any specific initiatives or used innovative technology or solutions to improve
resource efficiency, or reduce impact due to emissions / effluent discharge / waste generated, please provide
details of the same as well as outcome of such initiatives, as per the following format:

58 | Annual Report 2023-24

 PRAKASH INDUSTRIES LIMITED
Sr. Initiative undertaken Details of the initiative Outcome of the initiative
No (Web-link, if any, may be
provided along-with summary)

1 Installation of Density Separator With the use of DNS System the The Improved FC of coal resulted
System DNS for Coal Beneficiation Coal FC is improved into better process of DRI Kilns

2 Installation of Cone Crusher for This is resulted into provide the Leads to better operation of Kilns
Iron Ore Crushing required size of Iron ore in the
Kilns

3. Installation of Fogging system in Leads to dust suppression Fugitive Emission reduced

Kiln Separation Area

4. Installation of two nos coal dryers Leads to reduce moisture in Coal Leads to better operation of Kilns
in SID Kiln Areas

5. One bag filter installed in kiln 1 and Leads to reduce Fines fraction in Leads to better efficiency in IFD
2 fines bin to reduce dust content Sponge Iron
in sponge iron

6. Kiln 1 ESP ash handling system is Leads to reduce the Dust Resulted in power saving of pug
diverted to kiln 3 bin. Resulted in Emission Points mill, RAV and building lighting.
power saving of pug mill, RAV and
building lighting.

7. One no. Bag filter installed in kiln Leads to Dust Control and Leads to Dust Control and
4&5 char bin for pollution control. Minimize the emission Minimize the emission

7. Does the entity have a business continuity and disaster management plan? Give details in 100 words/ web
link.
Onsite and Offsite Disaster Management Plan has been initiated. In order to monitor the effectiveness of the
Plans, mock drills at regular intervals are carried out. Awareness programs have been initiated to make the
employees aware of their role and responsibility during any accident. The fire fighting systems are checked
at regular intervals. Fire extinguishers have been refilled and certified. The surrounding community has been
made aware through awareness camps about the probable disasters and the emergency response plans.
8. Disclose any significant adverse impact to the environment, arising from the value chain of the entity. What
mitigation or adaptation measures have been taken by the entity in this regard.
We have provided Bag filter system for control of source emission and Fogging system for fugitive emission
which are working more efficiently. We have deployed a road cleaning machine for better housekeeping of the
plant. We have CC roads in the plant to minimize dust emission during vehicular movements. Time to time,
we have made retrofitting work of ESPs, Bag filters, Venture scrubber systems & Fume scrubber systems
to improve efficiency of air pollution control devices and to minimize the pollution load in the environment.
We have regular programmes for plantation and this year we have planned to plant 10000 saplings in the
plant premises. We are implementing effluent treatment plant and reuse of treated wastewater for cooling
tower make up water, dust separation systems, pug mills area, ash handling systems, water spraying in raw
material storage yard & finished product area, cleaning of road area, horticulture & plantation purpose. This
has been saving the consumption of fresh water. We have installed sewage treatment plant for treatment of
domestic water and are using treated water for plantation purpose.
The Company is installed the following systems for utilization of waste and reducing the adverse impact on
the environment.
(i) WASTE HEAT RECOVERY BOILER (WHRB):
WHRB is a well known technology for the generation of power from the waste heat, generated from
source. Here, we use waste heat from rotary kiln where coal is used for the generation of heat for the
purpose of melting of raw materials used for sponge production. Instead of leaving the huge quantity
Annual Report 2023-24 | 59
 PRAKASH INDUSTRIES LIMITED
of heat in atmosphere which could unbalance its stability; we use it for 75 MW power generation. The
generated power from the process is used for Industrial use. By this process, we are preventing to
release the hot gases in atmosphere and on the other hand we are re-cycling & re-using our waste
resources.
(ii) UTILIZATION OF COAL CHAR:
In the process of sponge iron production, coal is used as a raw material for generating heat. At the
end of the process, coal char is also generated. This coal char is solid waste after the process which
we are using as fuel for the generation of power in captive power plant. By Utilizing the char in power
generation, we are reducing the coal consumption respectively and also utilizing the Waste for creating
Best out of it which leads to make our surroundings better and leads to create a clean and green
environment.
(iii) SLAG CRUSHER:
Slag is generated during the process of steel making in Induction Furnace which contains DRI Sponge
(pellet/Ore) and Steel particles embedded and mixed with IFD slag. To recover the Sponge iron particles,
A magnetic Slag Crusher is Installed to processing and recovery Sponge iron particle from Slag. The
recovery of sponge particles is approximately 10% which is reused in the process of Induction furnace
for steel making. By this, substantial amount of raw material (i.e., mineral) is saved. By doing this, we
are using waste as a source of mineral & controlling environmental pollution.
9. Percentage of value chain partners (by value of business done with such partners) that were assessed
for environmental impacts. 100 % through abiding and implementing the IMS policy of the Company by all
associates business value chain partner and its employees.
PRINCIPLE 7 Businesses, when engaging in influencing public and regulatory policy, should do so in a
manner that is responsible and transparent
Essential Indicators
1. a. Number of affiliations with trade and industry chambers/ associations.
b. List the top 10 trade and industry chambers/ associations (determined based on the total members of
such body) the entity is a member of/ affiliated to.

S. Name of the trade and industry chambers/ Reach of trade and industry chambers/
No. associations associations (State/National)
1 Confederation of Indian Industry National
2 PHD Chamber of Commerce and Industry National
3 ASSOCHAM National
4 Indian Chamber of Commerce and Industry National
5 National Safety Council National

2. Provide details of corrective action taken or underway on any issues related to anticompetitive conduct by
the entity, based on adverse orders from regulatory authorities –

Name of authority Brief of the case Corrective action taken

Not Applicable

Leadership Indicators
1. Details of public policy positions advocated by the entity:-
S. Public policy Method Whether Frequency of Review by Web Link, if
No. advocated resorted information Board (Annually/ Half available
for such available in public yearly/ Quarterly/ Others
advocacy domain? (Yes/No) – please specify)
Not Applicable

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 PRAKASH INDUSTRIES LIMITED
PRINCIPLE 8 Businesses should promote inclusive growth and equitable development
Essential Indicators
1. Details of Social Impact Assessments (SIA) of projects undertaken by the entity based on applicable laws,
in the current financial year. -

Name and SIA Notification Date of Whether Results communicated Relevant

brief details No. notification conducted by in public domain Web link
of project independent (Yes/ No)
external agency
(Yes / No))

Not Applicable

Not Applicable as there were No Projects that require SIA as per Applicable Laws
2. Provide information on project(s) for which ongoing Rehabilitation and Resettlement (R&R) is being undertaken
by your entity, in the following format:

S. Name of Project State District No. of Project Affected % of PAFs Amounts paid
No. for which R&R is Families (PAFs) covered by to PAFs in the
ongoing R&R FY (In INR)

Not Applicable

There is no any case of Rehabilitation and Resettlement (R&R)

3. Describe the mechanisms to receive and redress grievances of the community.
The community grievances are received in both written as well as verbal communication from nearby villages
to our concern Dept., − The Company provides an opportunity for communities to inform their concerns and
requirements and helps promote a transparent mechanism for understanding and resolving their grievances
through appropriate and timely intervention.
4. Percentage of input material (inputs to total inputs by value) sourced from suppliers:

FY 2023-2024 FY 2022-2023
(Current Financial Year) (Previous Financial Year)
Directly sourced from MSMEs/ small producers 2.40% ~ 0.28%
Sourced directly from within the district and - -
neighbouring districts

5. Job creation in smaller towns – Disclose wages paid to persons employed (including employees or workers
employed on a permanent or non-permanent / on contract basis) in the following locations, as % of total
wage cost

Location FY 2023-24 FY 2022-23

Current Financial Year Previous Financial Year

Rural – –

Semi-urban – –

Urban – –

Metropolitan – –

(Place to be categorized as per RBI Classification System - rural / semi-urban / urban / metropolitan)

Annual Report 2023-24 | 61

 PRAKASH INDUSTRIES LIMITED
Leadership Indicators
1. Provide details of actions taken to mitigate any negative social impacts identified in the Social Impact
Assessments (Reference: Question 1 of Essential Indicators above):

Details of negative social impact identified Corrective action taken

Not Applicable

There is no any negative social impacts identified.

2. Provide the following information on CSR projects undertaken by your entity in designated aspirational districts
as identified by government bodies:

S. No. State Aspirational District Amount spent (In INR)

1 Chhattisgarh Janjgir - Champa 299.69 Lakhs
2 Delhi South Delhi 1250.00 Lakhs
3 Odisha Sirkaguttu Keonjhar 9.34 Lakhs

3. (a) Do you have a preferential procurement policy where you give preference to purchase from suppliers
comprising marginalized /vulnerable groups? (Yes/No) NO – Company believes and gives Equal opportunity
and fair opportunity to all Vendors and does not practice preferential procurement.
(b) From which marginalized /vulnerable groups do you procure? Not Applicable
(c) What percentage of total procurement (by value) does it constitute? - Not Applicable
4. Details of the benefits derived and shared from the intellectual properties owned or acquired by your entity
(in the current financial year), based on traditional knowledge:-

S. Intellectual Property based on Owned/ Acquired Benefit shared Basis of calculating

No. traditional knowledge (Yes/No) (Yes / No) benefit share
Not Applicable
5. Details of corrective actions taken or underway, based on any adverse order in intellectual property related
disputes wherein usage of traditional knowledge is involved:
Name of authority Brief of the Case Corrective action taken
Not Applicable

6. Details of beneficiaries of CSR Projects:

S. CSR Project No. of persons benefitted % of beneficiaries from vulnerable
No. from CSR Projects and marginalized group
1 Drinking water facility 6150 93.00%
2 Promotion of education 6300 89.00%
3 Health care 2900 94.00%
4 Environmental awareness- 2300 97.00%
Plantation and water conservation
5 Promotion of Sport 1500 91.00%
6 Social causes 3500 97.00%
The execution of programs under the thematic heads Education, Healthcare, Rural Transformation, Environment
and Sanitation are carried out with the support from development sector Organizations and institutions
apart from implementation through respective CSR teams. Employee volunteering also acts as a critical
implementing arm across for the earmarked communities. The interventions are carried out in tandem with
local Government bodies to meet the social mandate for the earmarked communities.
The Company’s Corporate Social Responsibility (CSR) initiatives are implemented through delivery mechanisms

62 | Annual Report 2023-24

 PRAKASH INDUSTRIES LIMITED
comprising of employees, local bodies, non-governmental organizations, not for- profit entities and government
institutions etc. The CSR is the integral part of the Company policy and all CSR initiatives is being planned,
executed and monitored by the dedicated CSR Team.
PRINCIPLE 9 Businesses should engage with and provide value to their consumers in a responsible manner
Essential Indicators
1. Describe the mechanisms in place to receive and respond to consumer complaints and feedback.
The Company has implemented ISO-9001:2015 and have structured procedure under ISO -9001:2015 to
receive and respond to consumer complaints and feedback. The Company take the customer satisfaction
survey as per ISO-9001:2015 procedures and accordingly action is initiated for ensuring higher customer
satisfaction.
2. Turnover of products and/ services as a percentage of turnover from all products/service that carry information
about: - Not Applicable
As a percentage to total turnover
Environmental and social parameters relevant to the product -
Safe and responsible usage -
Recycling and/or safe disposal -

3. Number of consumer complaints in respect of the following:

FY 2023-2024 Remarks FY 2022-2023 Remarks

Received Pending Received Pending

during the resolution at during the resolution at
year end of year year end of year

Data privacy Nil Nil N.A. N.A. Nil Nil

Advertising Nil Nil N.A. N.A. Nil Nil

Cyber-security Nil Nil N.A. N.A. Nil Nil

Delivery of essential services Nil Nil N.A. N.A. Nil Nil

Restrictive Trade Practices Nil Nil N.A. N.A. Nil Nil

Unfair Trade Practices Nil Nil N.A. N.A. Nil Nil

Other Product related 23 Nil * 14 Nil *

* All complaints have been resolved satisfactorily
4. Details of instances of product recalls on account of safety issues:

Number Reasons for recall

Voluntary recalls Nil Nil

Forced recalls Nil Nil

5. Does the entity have a framework/ policy on cyber security and risks related to data privacy? (Yes/No)
If available, provide a web-link of the policy. - NO
6. Provide details of any corrective actions taken or underway on issues relating to advertising, and delivery
of essential services; cyber security and data privacy of customers; re-occurrence of instances of product
recalls; penalty / action taken by regulatory authorities on safety of products / services.
No such issues arose relating to advertising, and delivery of essential services; cyber security and data privacy
of customers; re-occurrence of instances of product recalls; penalty / action taken by regulatory authorities
on safety of products / services

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 PRAKASH INDUSTRIES LIMITED
7. Provide the following information relating to data breaches:
a. Number of instances of data breaches along-with impact:- Nil
b. Percentage of data breaches involving personally identifiable information of customer:- NIL
Leadership Indicators
1. Channels / platforms where information on products and services of the entity can be accessed (provide
web link, if available). – Yes, www.prakash.com.
2. Steps taken to inform and educate consumers about safe and responsible usage of products and/or services.
As our Product is B2B and Industrial Usage Product, hence we mention the heat specific details on each
billet and also provide the test certificate with each lot for safe and responsible usage of the product by the
users in their manufacturing process.
3. Mechanisms in place to inform consumers of any risk of disruption/discontinuation of essential services.
Company has implemented ISO-9001:2015 (QMS) System and follow the procedure for customer centric
approach, customer complaints redressal process and accordingly the customer communication is performed
as per ISO documented procedures.
4. Does the entity display product information on the product over and above what is mandated as per local
laws? (Yes/No/Not Applicable) If yes, provide details in brief. Did your entity carry out any survey with regard
to consumer satisfaction relating to the major products / services of the entity, significant locations of operation
of the entity or the entity as a whole? (Yes/No)
Yes, As our Product is B2B and Industrial Usage Product hence we mention heat specific details on the
each billet and also provide the test certificate with each lot for traceability and safe and responsible use
of product.

64 | Annual Report 2023-24