Atul Ltd 2014-15

Atul Ltd | Annual Report 2014-15 1. Conservation of energy, technology absorption and foreign exchange earnings and outgo 1.1 Conservation of energy 1.1.1 Measures taken i) Assembly of 6 membrane cells with zero gap cathode in caustic plant ii) Replacement of converter of sulphuric acid plant by single tower design to reduce pressure drop iii) Conversion of double effect evaporator to triple effect evaporator 1.1.2 Additional investments being made and proposals being implemented i) Replacement of caustic plant from mercury technology to membrane technology ii) Recovery of heat from oleum cooling in sulphuric acid plant iii) Installation of 2 MW wind turbine 1.1.3 Impact of 1.1.1 and 1.1.2 on conservation of energy and its impact on the finished products Consumption of energy has been contained significantly thereby reducing cost of goods sold and increasing competitive advantage. 1.2 Technology absorption 1.2.1 Research and Development i) Specific areas in which Research and Development (R&D) was carried out by the Company: T he Company focused its R&D efforts on process improvement of its 75 existing products, recovery of products from pollutants and process development of new products and formulations. The R&D Departments also helped in trouble-shooting in manufacturing Departments. ii) Benefits derived from R&D: T he Company was able to increase yields, decrease consumption of other raw materials and solvents, recover products from pollutants and introduce new products and formulations. iii) Future plan: T he Company is investing further in people and equipments so as to strengthen its R&D and thereby enhance its capability to face the future. iv) R&D expenditure: ( ` cr) Capital Recurring Total Total R&D expenditure as a percentage of total sales 1.59 17.94 19.53 0.78 1.2.2 Technology absorption, adaptation and innovation i) Efforts, in brief, made towards technology absorption, adaptation and innovation: T he Company upgraded many of its processes and operations imbibing new technology using more efficient equipment and incorporating automation. ii) Benefits derived as a result of the above efforts, for example, product improvement, cost reduction, product development, import substitution: T he above efforts have resulted in quality improvement, enhanced yields, high throughput, and reduction in manpower. iii) In case of imported technology (imported during the last 3 years reckoned from the beginning of the financial year) the following information may be furnished: The Company did not import any technology.