TYRE

Continuing high prices of natural rubber and other petroleum-based raw materials, rise in imports of cheap tyres from China and downturn in world economy resulting in a cascading effect in the country have to be factored in.

RAYON & TRANSPARENT PAPER

Availability of cheaper substitutes for both VFY and TP is a subject of concern. The recessionary trend in the textile and fireworks industries is also a roadblock to better price realizations.

Continuing high prices of sulphur, competition and increased imports of cheap Chinese material are also of concern for the industry.

SPUN PIPES

With the presence of larger players armed with consolidated plants having a different production route for liquid cast iron resulting in a much lower melting cost, the players with no consolidation/backward integration shall come under pressure in terms of input costs.

HEAVY CHEMICALS

Commissioning of new plants in easten India will result in excess supply of by-products resulting in poor realisation due to demand supply mismatch.

E. INTERNAL CONTROL SYSTEM AND THEIR ADEQUACY

The Company has adequate internal control in all areas of its operation by utilising the services of internal and external audits from time to time and also by its own competent and qualified personnel.

F. MATERIAL DEVELOPMENT IN HUMAN RESOURCES AND INDUSTRIAL RELATIONS

CEMENT

Measures for safety of employees, training, welfare and development continue to get high priority at all level, which are reflected in the improved quality and efficiency.

Industrial relations have been cordial during the year under review.

TYRE

Relationship with employees during the year remained cordial.

RAYON & TRANSPARENT PAPER

Industrial relations during the year under review were cordial.

SPUN PIPES

The section is under suspension of work since 2nd May, 2008.

HEAVY CHEMICALS

Industrial relations during the year remained normal.