1.2. Technology absorption 1.2.1 Research and development a) Specific areas in which research and development (R&D) was carried out by the Company: T he Company focused its R&D efforts on developing continuous processes with a smaller plant and a better environmental footprint, developing new products, making value-added products from waste and improving existing processes. b) Benefits derived from R&D: T he Company increased the yield of four products, decreased the consumption of raw materials in 13 products and solvents in five products, recovered three value-added products from waste and developed 70 new products. c) Future plan: T he Company is investing further in people and equipment to strengthen its R&D and thereby enhance its capability. d) R&D expenditure (` cr) Capital Revenue Total Total R&D expenditure as a percentage of total sales 4.22 36.87 41.09 0.82% 1.2.2 Technology absorption, adaptation and innovation a) Efforts in brief made towards technology absorption, adaptation and innovation: The Company upgraded some of its operations by imbibing new technologies. b) Benefits derived as a result of the above efforts: The above efforts have decreased time cycle and increased throughput. c) Technology imported during the last three years reckoned from the beginning of the financial year: The Company did not import any technology. 1.3. Foreign exchange earnings and outgo 1.3.1 Export sales: activities, development initiatives and future plans The Company sold its products in 88 countries, directly and through its subsidiary companies in the USA, the UK, the UAE, China and Brazil. Sales outside India* increased by 16% from ` 1,793 cr to ` 2,074 cr. *Free On Board (FOB) value 1.3.2 Total foreign exchange earnings and outgo (` cr) Particulars 2024-25 2023-24 Earnings Exports – FOB value 2,073.57 1,793.22 Dividends 11.77 12.66 Outgo Payment for raw materials, books and periodicals, dividend, etc 817.02 717.81 Corporate overview Performance overview 55 ESG overview Statutory Reports Financial Statements 55 55
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