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The suit challenging the validity of imposition of Electricity Duty on captive power generation @25 paise per Unit from 17.07.2003 by the Government of Andhra Pradesh continues to be pending before the Hon'ble High Court of Andhra Pradesh.
This Section bagged the FAPCCI (Federation of Andhra Pradesh Chambers of Commerce & Industry) Award of EXCELLENCE IN CORPORATE SOCIAL RESPONSIBILITY for the year 2007. FAPCCI has also chosen this Section for the State Award for EXCELLENCE IN RURAL DEVELOPMENT, for the year 2006-07, which was presented by the Hon'ble Chief Minister of Andhra Pradesh, Dr. Y. S. Rajasekhara Reddy.

Basantnagar Limestone Mines of this Section bagged three 1st prizes, for Maintenance and Operation of Heavy Earth Moving Equipment, for Environment & Health Management and for Longest Accident Free Work, from the Director General of Mines Safety, Hyderabad during the Mines Safety Week celebrations. The said Mines also got 1st Prize in Waste Dump Management and 2nd Prize in Management of Sub-grade Minerals from the Indian Bureau of Mines during the Mines Environment & Mineral Conservation Week celebrations.

As part of social responsibility, the Section is continuing the rural and community development activities in nearby villages, running of Agricultural Demonstration Farm, Model Dairy Farm, Vocational Training Centre for Youth and participating in other social welfare activities such as Farmers' Training, Pulse Polio Programmes, Animal Health Camps, Blood Donation Camp, Distribution of Agricultural Implements, Distribution of Tricycles and Telephone Booths to the Handicapped, Promotion of Self Help Groups of Women for their economic development, etc.

Industrial relations were cordial during the year.


 The gross turnover of the Section this year has been Rs.1,947.23 crore as compared to Rs.1,389.04 crore showing an increase of about 40% compared to last year. In spite of stiff competition, we have been able to increase our market share from 10% to 15%. Export sales for the year under review amounted to Rs. 240.41 crore as against Rs. 181.46 crore in the previous year.

Worldwide economic slowdown has impacted India in a major way, particularly the automobile sector, as a result, the major Original Equipment Manufacturers (OEMs) including the Tyre Industry had to resort to production cuts. During the year there was a production cut for 41 days at Balasore Plant. In spite of lower market demand in 2008-09, the Section has achieved higher sales in replacement market. This will allow a stable rise in sale in the coming quarters. However, higher input cost has impacted the profitability of the Section.
The Section has completed the remaining expansion of the Off The Road (OTR) Project at Balasore in Orissa. The Green Field Project involving an investment of Rs.759 crore at Laksar near Haridwar in Uttarakhand has already started commercial production in phases from 28th May, 2008. The work in the Radial Tyre Project with 100 M.T. per day capacity and Bias Tyres with 125 M.T. per day capacity is progressing well and the Board has further approved a Motor Cycle Tyre Project (70 MT/ day capacity) involving a capital outlay of Rs.190 crore. The civil construction of both the Projects is in full swing and orders for major machinery and equipment have already been placed. Commercial production in both the projects is likely to start by December 2009/January 2010.
The Greenfield Projects of this section, established in the State of Uttarakhand enjoy fiscal benefits of Excise and Income-tax for 10 years from the date of commencement of commercial production.

The Section continues to have the distinction of being certified for ISO-9001, TS-16949, ISO-14001, SA-8000, OSHAS-18001 and TPM. 

Relations with employees have been cordial and conducive to growth.
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