MSPL Limited Corporate Sustainability Report 2015-2017
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MSPL Limited Corporate Sustainability Report 2015-2017 1 Contents 04 Message from the Managing Director 07 About us 11 About this report 12 Materiality 14 Our stakeholders 17 Sustainability at MSPL 18 Corporate governance 31 Economic performance 35 People 49 Communities Environment A famous Sanskrit verse describes how one must show strength through adversity. 61 Just like a lotus flower which remains unaffected by the dirt and mud surrounding it, even as it grows from within the muddy water. Its beauty and growth is only amplified by the nourishing mud which at first seems like an obstacle. Message from the Management CMD’s Statement “Our CSR initiatives aim to support “We are environmentally conscious, and we strive towards reducing our growth and sustainable development environmental impact throughout all our operations.” initiatives and also solve issues around basic needs that are prominent in a developing country like ours.” Dear Stakeholders, their own tailoring business in the plants provided by Baldota Group. The mining sector has villages where we work. Women Previously, we set up 11 plants in our It gives me immense pleasure empowerment is of utmost adopted villages. Understanding the undergone immense to present to you our ninth importance to us, keeping this in importance of sanitation, we have change in terms of Sustainability Report – a data backed mind we have encouraged women to installed toilets in the households of regulation, and is easily review of our performance across the be a part of Self Help Groups (SHGs), these villages. “At MSPL, sustainability is an on- triple bottom-line. providing a platform for women to influenced by political become entrepreneurs. We work with SWaN - Society for going journey. Through the years, we trends. In the face of adversity, we continue Wildlife and Nature , a local NGO have ingrained sustainability into our to create positive impacts on the We have initiated DARE (Defence to assess, monitor and preserve These factors have made the communities around us and to Against Rape and Eve Teasing), a biodiversity. On a yearly basis, we operations and it is an integral part of our mining business inherently risky the environment we work in. We nationwide movement for women’s conduct plantation drives by planting business strategy and corporate ethos. and challenging. Our economic believe in working beyond just safety, to provide women with the saplings in different places around performance during 2015-16 was our business activities-believing in best training when it comes to our lease area. slow and our profits declined due to inclusive growth, we work with the safety, to ensure that they feel safe, Over the years, we have learnt what it weaker realizations and inventory communities around us for their smart and empowered. In order to Our employees are some of our most losses. However, at MSPL, we have overall growth and development. create awareness about smoke-free important stakeholders. Ensuring takes to be a sustainable organization and continued to focus on increasing Despite many challenges that kitchens, we fuelled the change their welfare is of utmost importance value to all our stakeholders we have faced, we have initiated by providing households with to us. Our robust human rights policy have enjoyed the rewards of having faith by building on our core values various CSR activities to improve LPG connections, to shift from the ensures that there is no instance of in inclusive and holistic growth.” which emphasise the power of the livelihoods of the communities traditional chulha. child labour, forced labour or any inclusive growth and sustainable around us. kind of discrimination. development. We made constant We understand the importance of improvements to increase our We have started healthcare programs education, keeping this in mind, With a good balance across our triple overall performance and have been in the villages surrounding our we provide financial support to bottom line, we present to you a successful in recording profits for the operational sites - oral health camps, students in dire need. We also detailed review of our sustainability year 2016-17. cardiac and diabetic check-up conduct counselling and coaching performance in the form of this camps, eye-screening camps, general classes to SSLC students to provide report. health camps, mother and childcare a better learning platform for them. camps, orthopaedic camps and ENT The Baldota Group has provided Mr. Narendrakumar A Baldota camps. In 2016, we conducted an 127,000 notebooks to students Chairman & Managing Director artificial limbs and calliper camp in across 55 schools. We conduct Koppal, helping 104 beneficiaries, by computer training programs to donating limbs to them. benefit students across the villages we work along with. We have We have initiated various skill initiated English coaching classes development activities within among youngsters to further improve Towards Sustainable Energy the communication skills. We communities to improve Our wind division is deeply focused on creating awareness on shifting have set up an RO Plant at APMC entrepreneurship skills among from fossil fuel use to renewable energy use. We received the Best in order to provide pure drinking them - in fact, the tailoring training Performing Wind Farm in Karnataka Award in the Category 2MW water to the residents at Hosapete, program that we conducted have and above from Indian Wind Power Association during their 4th a new addition to the existing RO helped many women start up International Conference on Wind Energy in 2015. 6 7 Company Profile Mining Aviation Pelletisation Wind Energy Our core activity at MSPL is With our continuous The iron and steel sector all MSPL has been among mining. We have integrated interest in the exploration over the world has been on the top investors in mining associated of new fields, we have the lookout for alternative wind energy in India. economic activities with successfully ventured methods to utilize the Our concern for the environment-friendly into the aviation sector. low grade iron ore fines environment and the rising practices. By exercising We have a fleet of three for iron making so that levels of Green House a mechanised open aircrafts – there is optimal utilization Gases (GHG) has led us to cast method and with of the available iron ore invest in wind power and experience of over five • Vise VT- AHB (Cessna resources. Technologies fill the gap between energy decades, we have always Grand Caravan) like sintering and supply and demand in been open to change by • VT-NAB (CJ1+Citation pelletisation enhance the India, with no direct GHG upgrading to modern Jet) productivity of the blast emissions. The presence principles. With our • VT-RNB (P180, Avanti II) furnaces in steel-making of seven of our wind farms mission of becoming the and hence, lower the cost across Southern and leading iron ore supplier Our aircrafts can be hired of steel production. The Western India, is testimony in the country, we have for flight and we have Indian steel industry is to our vision of achieving played a significant role in terms and conditions in gradually moving towards sustainable development identifying Indian High- place that govern such usage pellets instead of goals of harnessing cleaner About us Grade Iron Ore. arrangements. expensive lump ore. and renewable energy. During the reporting We also have an airport The Baldota Group We take great pride in the fact that territories, we have realised that period, our mining spread across 116 acres we are one of India’s largest iron ore innovation is the key to business operations thus continued in Basapur Village, Koppal 125.75 MW with an increase in District in Karnataka, which Established in 1961, the Baldota mining companies and possess one sustainability. Today, our business production capacity from helps propel our fleet to Group today comprises one of India’s of the largest installed capacities expands into the sectors of mining, 0.91 MTPA to 1.355 MTPA, different destinations. Installed rated capacity as of leading iron ore mining companies. of green energy in the country in wind power, aviation, shipping, and as per the Honourable Distinguished as one of the largest the private sector. With over 53 pelletization. 31 March 2017 Supreme Court’s directive. producers of wind power in the years of prowess in the sector, we country in the private sector, it was are a leading iron ore mining and Through our iron ore mining and built around the core ethos laid processing company. pelletization process, we cater to down by Shri Abheraj H. Baldota the needs of steel manufacturers. Vyasanakere Iron Ore Mines (VIOM) Pellets plant in Koppal District and it has demonstrated unflinching We have been instrumental in Through wind power generation, MSPL’s mine - Vyasanakere Iron Ore Mine carries out iron commitment to the community and identifying and developing Indian we contribute to the sustainable Bearing in mind, the environmental and business ore open cast mining in Hosapete, Bellary region. With a environment. High-Grade Iron Ore and we enjoy development of our country and sustainability, we at MSPL forayed into pellets, with a significant brand equity in India for cater to the demand for renewable lease area of 347.22 hectares and equipped with a fully plant in Koppal district. The highlight of our production our ability to supply high quality energy. Through our aviation mechanised downhill conveyor system, we have two process is the use of the advanced Grate Kiln technology MSPL iron ore and value added products. business, we facilitate connectivity on-site processing plants with processing capacity of 475 in the pelletisation plant, with an economic index We have a strong and experienced and convenience in the age of and 150 metric tonnes per hour, respectively.