Innovative Solutions, Unparalleled Expertise
A Strong Foundation: Our Expertise in Industrial Heat and Power Solutions
Driving Sustainable Growth Through Efficient Rotating Equipment Solutions
Demonstrated Excellence through Consistent Execution:
We, at Triveni Turbine Limited, welcome the Business Responsibility & Sustainability Reporting (BRSR) initiative by the Securities and Exchange Board of India (SEBI) and believe that this will not only ensure that investors & other stakeholders have access to standardized disclosures on Environment, Social and Governance (ESG) parameters but also drive responsible companies like ours to a faster path to sustainability. As one of the leading players globally in the heat and power solutions, we are at the forefront of innovation, embracing renewable energy and prioritising sustainability in our business practices. We take our responsibility seriously to ensure that we not only serve our customers today, but also contribute towards better future for our customers, employees, partners and for the community at large.
Our employees have been the pillar of our success. By fostering a safe working environment and offering competitive compensation, we have ensured a secure workplace for them. As a result, our reduced employee turnover has enabled us to bolster our workforce during this period of growth. Looking ahead, our primary focus will be on learning & development and employee engagement to continue crafting this success story in the coming years.
In the context of an uncertain geo-political environment, the development of a local ecosystem proves crucial in fostering resiliency. TTL has consistently invested in cultivating a local supply chain, and this commitment continued throughout the period of 2022-23, with 37% of our supplies originating from the districts in which we manufacture or from neighboring districts. This strategic approach not only minimises resource consumption, including fuel and time, but also contributes to the preservation and growth of local employment opportunities. An additional noteworthy aspect is the significant impact on Ministry of Micro, Small & Medium Enterprises (MSMEs) and small producers, as they play a pivotal role in this process, further reinforcing the positive outcomes of our local ecosystem development endeavours.
Our primary commitment to better environment lies in making steam turbines efficient – achieved through the introduction of more efficient models or by improving efficiency of turbines and other rotating equipments. In pursuit of this goal, we have increased our Research & Development (R&D) spends, aligning them with the growth in our turnover. Our capital expenditure on green initiatives has seen a significant surge throughout the year. With ~80% of overall order booking coming from thermal renewable fuels, we continue to provide our customers solutions that can effectively reduce their carbon footprint, reinforcing our collective efforts towards a more sustainble future.
All of the above initiatives, along with reduction in energy and water consumption intensity, helped us reduce our greenhouse gas (GHG) (Scope 1 & 2) emission intensity as well. We have also reduced our industrial waste generation intensity by 16% and maintained ‘zero liquid discharge’ to minimise impact of our operations on the environment and our surroundings.
The BRSR initiative has provided us with a roadmap for undertaking sustainability initiatives in the coming years, in order to progress on an all-inclusive path to growth.
