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Fireside Is the Quarterly House Magazine of Thermax Limited, Pune
Volume 48 No. 2 April - June 2018 About the Cover Art and mathematics. One is the realm of aesthetics and freedom of expression, while the other embodies precision. Firdosh, a 12 year old student from Akanksha Foundation, who along with her classmates wanted to bring together these two concepts on a canvas, by understanding ratio and proportion through the works of an artist Chuck Close. “This lotus was a surprise because we all did one little piece of it,” says Firdosh. Comment For every complex problem, there is an BACK COVER answer that is clear, simple and wrong Technology Day Celebrations – H. L. Mencken Editor Swastika Mukherjee Correspondents : Assistant Editor Heena Nanda Heating Manasi Purandare IR Chitra Kartik Sheetal Bachkaniwala Cooling S. Chandak Administration Akansha Choudhary K.S. Vaidyanathan Cooling Aditi Vakil BTG Editorial Consultant Mukesh Ghodke Services Connie Fernandes Finance A.M. Roshan Noorjahan Khan B&H Saheblal Shaikh Corporate Safety Bhushan Chitaley Power Kirti Pitale Mumbai Design Hardik U. Patel Enviro Reshma Mehrotra Delhi Shashi Karmarkar Abinash Patro WWS Swati Aditya Kolkatta Production & Circulation Veena Coutinho Chemical Satyamanikkam M.B. Chennai Chitra Kartik Suresh Nikam TECC Janki Thaker Savli Printed at Kavita Naidu HR Sujata Deshpande Thermax Foundation Vyoma Graphics, Pune Copyright © Thermax Limited 2018 Fireside is the quarterly house magazine of Thermax Limited, Pune. For private circulation only. Company related news/features may be reproduced only with the permission of the Editor. Address : Thermax Limited,Thermax House, 14 Mumbai Pune Road, Wakdewadi, Pune 411 003, India. Tel : (020) 25542263 Fax : (020) 25541226 Fireside is also hosted on the website : www.thermaxglobal.com Email : [email protected] [email protected] [email protected] Contents Commissions second integrated energy plant for Greenply • Installs effluent recycling plant for WHAT’S NEW? Chambal Fertilisers and Chemicals Ltd. -
Detailed Biodata of Dr. RA Mashelkar
BIODATA 1. Name : Dr. Raghunath Anant Mashelkar 2. Date of Birth: 01.01.1943 3. Present Position CSIR.Bhatnagar Fellow, National Chemical Laboratory Pashan Road, Pune – 411 008, India President, Global Research Alliance 4. Positions held: • Director General, Council of Scientific & Industrial Research, New Delhi, INDIA, (1995-2006) • Director, National Chemical Laboratory, Pune, INDIA (1989-1995) Scientist in Director’s Grade, National Chemical Laboratory, Pune, INDIA (1986-1989) • Deputy Director, National Chemical Laboratory, Pune, INDIA (1978-1986) • Asstt. Director, National Chemical Laboratory, Pune, INDIA (1976-1978) • Lecturer in Chemical Engineering, University of Salford, UK (1970-1976) • Leverhume Research Fellow, Department of Chemical Engineering, University of Salford, UK (1969-1970) • Director General, Indian Council of Agricultural Research, New Delhi (13 Nov. 2000 to 24 Dec., 2000) (Additional Charge). 5. Academic Qualifications: B.Chem. Engg. (1966), Ph.D. (1969) (Univ. of Bombay) 6. Honorary Doctorates in Science and Engineering: • Symbiosis International University (2010) • Mahatma Gandhi Kashi Vidyapith, Varanasi (2009) • University of Goa (2009) • Lucknow University, Lucknow (2007) • Deendayal Upadhyay Gorakhpur University, Gorakhpur (2007) • Sri Venkateswara University, Tirupati (2006) • Visva Bharati, Santiniketan (2006) D.Lit. (Desikottama) • Mohanlal Sukhadia University, Udaipur (2006) • Guru Nanak Dev University, Amritsar (2005) • Maharishi Dayanand University, Rohtak (2005) • Govind Ballabh Pant University of -
January 2014
January 2014 Caux Initiatives for Business M [email protected] Asia Plateau P +91 8408 940 940 Panchgani W www.in.iofc.org 412805 India www.cauxbusiness.org Editorial: City Chapter: We would also like to mention that some decisions that took place at the Our dear readers, conference are taking shape in the form City Chapters in India. Mr. Sarosh Ghandy and the entire team of CIB wishes you a very, City Chapters are platforms provided for like-minded people to come very Happy and Prosperous New Year!!! together to discuss matters of concern. These will be hosted by CIB team mates. One of the first things we have chosen to do in this year is to christen our e-Newsletter, “CIB on Wings”. The Pune Chapter will have their first meeting on January 31, 2014, from 5 to 7pm, at the Tata Management Training Centre (TMTC), 1 Mangaldas David Steingruber, a designer from Berlin, Germany, who attended Road, Pune – 411001. The reference person is Mr. T.P Mukherjee and his the CIB conference in 2011, had wanted to contribute to CIB in contact details are: +91-9552626262, [email protected]. some way. We are grateful for the cover page that he has designed. If you are in Pune during the above date and time, you are most welcome to attend the meet- - Ms. Neha Mukherjee ing. RSVP to the city reference person of your participation so that he can prepare to welcome you. We were privileged to hear Mrs. Anu Aga* at a session at the sudden death and hence is not much publicised or talked about. -
Vol 6, Issue 2, Aug-Dec 2013
Volume 6 Issue 2 Aug-Dec 2013 ISSN-0975-055X The Indian Journal of Management Op-Ed RIGHT Vs RIGHT - A Dilemma 01 Editor-in-Chief Editorial 03 Editor-Vidwat Case Study Sustainability of pharmaceutical products in India: 04 An ethical issue. Dr Sarjue Pandita Prof. Pranabananda Rath United Spirits acquisition by Diageo: 08 Would the wine turn sweet? Mr. Sidharth Panigrahi Going Green-Tcs’ Mantra To Sustainable Development 12 Dr Laila Memdani Maruti Suzuki India Limited’s Hr Challenges and Opportunities 19 Mr. Vishwanath Malji The Turn around at Thermax 24 Prof. Sudeepta Pradhan To Appraise or Not to Appraise that is the Question 35 When we use Bell-Curve Dr. Nisar Ahamad Nalband Love To Leave, Hate To Live - An Unusual Case Of Expatriates 37 Prof. Subhransu Panda Dr. Sitansu Panda AHMISA-Axis-Hyderabad Indian Management Systems Academy 47 An Introduction VIDWAT (uÄûo) in Sanskrit means: know, understand, find out, learn, ascertain, discover, and expound. “Vidwat – The Indian Journal of Management”, published by Dhruva College of Management, Hyderabad, reflects this array of meanings. It is a vehicle for a wide range of researches from across the globe to bring their insights to B-Schools as well as practicing managers. E D I T O R I A L B O A R D Dr Artur Tamazian Dr Matthew M Monnipally Professor, University of Santiago de Compostela Professor, IIM Ahmedabad, India Santiago de Compostela, Spain Dr Rama Velamuri Dr Asefa Abahumna Professor, China Europe International Business School, Vice President, Adama University, Ethiopia Shanghai, -
Thermax Limited Thermax House, 1 4 Mumbai Pune Road, Wakdewadi, Pune 411 003
THERMAX LIMITED THERMAX HOUSE, 1 4 MUMBAI PUNE ROAD, WAKDEWADI, PUNE 411 003. INDIA D TEL.: (020) 25542122, 25542263 D FAX : (020) 25541 226 Website: www.thermaxglobal.com D IT PAN- AAACT 391 OD Customer Care : 18002090115 (India Toll Free) Corporate Finance Ref: KPP/TL-36/03293 Date: January 13, 2020 The Manager, Listing Department, THERMAX National Stock Exchange of India Limited, Exchange Plaza, C-1, Block-G, Bandra-Kurla Complex, Bandra (E), Mumbai - 400 051 Companv's Scrip Code: THERMAX EO ob: Reconciliation of Share Capital Audit Dear Sir, With reference to the above, we are enclosing a copy of the reconciliation of share capital report dated January 9, 2020 issued by Manish Ghia & Associates, Practicing Company Secretaries. The said report certifies the status of Equity Share Capital (ISIN No. INE 152A01029) for the quarter ended December 31, 2019, that- I. The total of the shares held in NSDL, CDSL and in the physical form tally with the issued I paid-up capital. 2. The Register of Members (RoM) is updated. 3. The dematerialization requests have been confirmed within 21 days and there has been no delay beyond the stipulated time-frame. 4. There has been no change in the share capital ofthe Company. You are requested to kindly take note ofthe above. Thanking you, Yours faithfully, For THERMAX LIMITED KP~ Kedar P. Phadke Company Secretary Encl: As above REGD. OFFICE : D 13, MIOC INDUSTRIAL AREA, R. D. AGA ROAD, CHINCHWAD, PUNE : 411 019. INDIA CORPORATE IDENTITY NUMBER: L29299PN1980PLC022787 "" Manish Ghla & Associates 11anish ghia & associates ri : +9 1 22 2681 5400 : lnfo@mgconsulting .in COMPANY SECRETARIES 0 : www .mgconsultlng.ln RECONCILIATION OF SHARE CAPITAL AUDIT REPORT (Pursuant to Regulation 76 of the SEBI (Depositories and Participants) Regulations, 2018 r/w SEBI Circular dated 31.12.2002) 1 Report for quarter ended 31.12.2019 2 ISIN INE152A01029 3 Face Value Rs.2/- each 4 Name of the Company THERMAX UMITED 5 Registered Office Address 0-13, MIDC, Industrial Area, R. -
R Chapter Four Human Resource Practices in Selected Industrial Units
/r =^ Chapter Four Human Resource Practices in selected industrial units. I CHAPTER 4 HUMAN RESOURCE PRACTICES IN SELECTED INDUSTRIAL UNITS 4.1 Cummins India Ltd. (Company One) 4.1.1 Profile Cummins India Ltd. (formerly known as Kirloskar Cummins Ltd.) commenced operations in India at Pune in 1962. The manufacture of heavy duty Cummins Diesel Engines was started in India at a time when market requirement in the country was being met entirely through imports. Since then Cummins India Limited has pioneered in advancing the diesel engine technology and meeting the diverse power requirement of the country's core sectors. Vision : "Making people's lives better by unleashing the power of cummins." Manufacturing : Cummins India Limited manufacturing facilities are based at Pune Plant-I, spread over 93.2 acres, is a complete integrated engine manufacturing plant. All major engine components like cyllinder blocks, cyllinder heads, cranckshafts, camshafts, connecting rods, gears etc. are produced in house. All fuel system components are also produced in house. State of the art machines like CNC flexible matching centres are available. Comprehensive heat treatment facility with computerised online monitoring systems engines and components are assembled in a dust free, positive pressure and temperature controlled environment. Plant-II has a pattern shop and a captive foundry for special CI castings. Cummins Tech. Center : The R&D Tech. Center at Cummins India Limited is committed to develop world class products for customers. (43) This state of the art Tech. Center is equipped with 14 computerised engine test cells fatigue testing facitility, structured analysis facility, electronic/instrumentation laboratory and computerised exhaust gas analyser. -
Thermax Limited
THERMAX LIMITED Thermax is one of the leading Energy and and a wide network of sales and service offices and Environment solutions company in India. dealer network. Background The Indian promoters hold 61.98 per cent stake in the company. Mutual funds, banks, insurance Thermax Limited, set up by Mr. R. D.Aga more than companies and financial institutions hold 16.58 per three decades ago, is a global solutions provider cent stake in the company while the foreign focussing on energy and environment engineering. institutional investors hold 4.28 per cent stake. Since inception, the company has come a long way Private corporate bodies hold 2.43 per cent stake from being a small boiler company to a and the Indian public holds 14.47 per cent stake in multidivisional major with a focused vision and the company. Non-resident Indians hold the mission to conserve energy and preserve remaining stake. environment. It offers products and services in heating, cooling, waste heat recovery, captive power, Products and brands water treatment and recycling, waste management and performance chemicals. It has been able to The company's core businesses are divided into two successfully leverage on its competence and main segments, Energy and Environment, with the dominance in boiler manufacturing to enter other Energy segment accounting for about 68 per cent of energy-related products catering to similar the total turnover. while the Environment segment industrial segments. It has also graduated to contributes the remaining share of 32 per cent. providing project solutions starting with captive Within the Energy business segment, there are four power projects. -
Thermax Limited Thermax House, 14 Mumbai Pune Road, Wakdewadl Pune 411 003
THERMAX LIMITED THERMAX HOUSE, 14 MUMBAI PUNE ROAD, WAKDEWADL PUNE 411 003. INDIA 0 TEL.: (020) 25542122, 25542263 0 FAX : (020) 25541226 Website : www.thermaxglobal.com 0 IT PAN - AAACT 391 OD Customer Care : 18002090115 (India Toll Free) Corporate Finance Ref: KPP/TL-36/03269 Date: August 8, 2019 THERMAX The Manager, Listing Department, The National Stock Exchange of India Limited, Exchange Plaza, C/1, Block-G, Bandra-Kurla Complex, Bandra (E), Mumbai- 400 051 Company's Scrip Code: THERMAX EQ Sub: Outcome of the Board Meeting Ref: Regulation 30 and 33 of SEBI (Listing Obligations & Disclosure Requirements) Regulations, 2015 Dear Sir, We are enclosing for your reference and record, standalone and consolidated unaudited fmancial results for the quarter ended June 30, 2019 as approved by the Board at its meeting held today i.e. August 8, 2019; With respect to the aforesaid financial results; we are also enclosing a copy of the- a) 'Limited Review' Report of the Statutory Auditors of the Company; and b) Press Release; You are requested to kindly take note of the same. Thanking you, Yours faithfully, For THERMAX LIMITED \~ £ Kedar P. Phadke ~ Company Secretary Ends: as above REGD. OFFICE: D 13, MIDC INDUSTRIAL AREA, R. D. AGA ROAD. CHINCHWAD, PUNE : 411 019. INDIA CORPORATE IDENTITY NUMBER: L29299PN1980PLC022787 THER:\'IAX LIMITED Regd. Orfice: D-13, :\I.I.D.C. Industrial Area, R.D.Aga Road, C hinch\ atl, Pune- 411 019 Corporate Identity Number- L29299PNI980PLC02171!7 Statement or unaudited financial results for the quarter ended June 30,2019 fRs. C rore) Particulars Consolidated Sr. Quarter ended Quarter ended Jun Year ended Mar No. -
An Exploration of the Institutions, Characteristics and Drivers of Elite Philanthropy in India
Swinburne University of Technology Faculty of Business & Law DRAFT An exploration of the institutions, characteristics and drivers of elite philanthropy in India John Godfrey BA, MSc, Grad. Dip Arts Admin Student ID 1700367 Submitted in fulfilment of the requirements for the degree of Doctor of Philosophy. Swinburne University of Technology, Faculty of Business & Law. Year of approval for award 2020. Abstract This thesis fills a gap in the empirical study of elite philanthropy which to date has been confined to mostly Western philanthropy, informed by Christian and Jewish norms and traditions. This research explores a tradition and practice of philanthropy which has its early roots in dharmic and Islamic tradition yet, as is shown, has been influenced by Western rules and norms. Twenty-eight philanthropists were interviewed. The two religions these respondents most identified with were Hindu or Parsi, though some identified as Jain, Muslim, Christian or Buddhist. The research applies a theoretical framework described as a moral citizenship. This framework brings together two theoretical models developed by Schervish - identification theory and moral biography (Schervish et al. 1998; Schervish and Havens 1997; Schervish and Havens 2001b, 2002; Schervish and Herman 1988; Schervish et al. 2001). These models, they argue, provide the most fruitful way to identify the social and psychological frameworks that mobilise the agency of philanthropists. The methodology used to apply this theoretical framework used long interviews in which respondents were given free rein to talk about their philanthropic activity in their own terms. This methodology follows in the steps of others such as Breeze and Lloyd (2013), Lloyd (2004), Odendahl (1990), Ostrower (1995), Panas (1984, 2019 [1984]), Scaife et al. -
Indian Naval Indigenisation Plan (INIP) 2015-2030”, to Enunciate the Need for Developing Various Advanced Systems for Its Platforms
Directorate of Indigenisation Indian Naval Indigenisation Plan(INIP) PREAMBLE The Indian Navy’s foray into indigenisation began over five decades ago with the design and construction of warships in the country. Today, forty eight of its state-of-the-art ships and submarines are under construction in Indian shipyards, both public and private, a clear reflection of the Indian Navy’s enduring support to India’s indigenous warship building endeavor. While much has been achieved in our pursuit of indigenisation over the past decades, the time is now ripe for launching into a new phase of self-reliance by manufacturing technologically advanced equipment within India, in pursuance of the Government of India’s vision of ‘Make in India’. Recognising this, the Indian Navy has embarked upon an initiative to evolve a guideline document, the “Indian Naval Indigenisation Plan (INIP) 2015-2030”, to enunciate the need for developing various advanced systems for its platforms. This document supersedes the Indigenisation Plan published in 2008 for the period 2008-2022. This document is aimed to enable indigenous development of equipment and systems over the next 15 years. It attempts to formulate the requirements of Indian Navy and lists out the equipment which can be taken up for indigenisation in the coming years. It is expected that release of this plan would further synergise Indian Navy’s relationship with the industry and encourage all sectors of industry to come forward and participate in indigenous development of weapons, sensors and other high end equipment for the Indian Navy, thereby making the nation self-reliant in this vital domain of defence technology. -
CIB 2016 Detailed Report
Caux Initiatives for Business 6th Biennial International Conference on Making Business an Engine for Sustainable Growth January 22 to 26, 2016 Asia Plateau, Panchgani, India January 22 DAY 1: Inauguration The 6th biennial conference of Caux Initiatives for Business (CIB) 2016 was held at Asia Plateau, the Initiatives of Change (IofC) conference centre in Panchgani, India. 132 delegates came from Canada, Fiji Islands, Germany, Japan, Kenya, Malaysia, Nepal, South Korea, Sri Lanka, Sweden, Switzerland, Tibet, the UK, the USA and India. Dr Ravindra Rao, Resident Director of Asia Plateau and a Trustee of IofC India welcomed the delegates to the conference. Also present at the occasion was Mrs Laxmi Karhadkar, President of Panchgani Hill-station Municipal Council, who welcomed the delegates as guests to the hill town of Panchgani. She invited the guests from India and overseas to visit Panchgani, which she proudly stated has been made a garbage-free town, with inspiration drawn from IofC. The conference was inaugurated with the traditional Indian ceremony of lighting the lamp. One delegate from each country represented at the conference came up and lit a wick. Sarosh Ghandy, Chairman of CIB and former MD of TELCON, India, which is presently a joint venture with Tata Motors and Hitachi Construction Co., Japan– announced the topic of the conference, ‗Making Business as an Engine for Sustainable Growth‘. He drew attention to the debated notion of ‗sustainability in business‘ which in CIB‘s view is not an outcome of a single action. ‗It is a series of actions that result in the creation of an environment that nurtures sustainable businesses. -
Cooling & Heating Division
ADVANCED COMBUSTION MANAGEMENT Thermax offers the latest in advanced combustion management using the following associated systems. Oxygen Trim Regulation Speed control system (VFD) Sustainable Solutions in Energy & Environment Digital combustion manager With Electronic Compound Regulation COOLING & HEATING DIVISION Services SBU D - 13, MIDC Industrial Area, R. D. Aga Road, Chinchwad, Pune 411 019. INDIA Tel.: +91-20-2747 5941 Fax: +91-20-2747 2049/2747 5679 E-mail: info.c&[email protected] AHMEDABAD 380 006 Tel.: (079) 2657 5408 / 5341 / 7073 Cooling & Heating Division Fax: (079) 2657 7270 E-mail: [email protected] BANGALORE 560 020 Tel.: (080) 2346 7761 - 64 Fax: (080) 2346 7760 E-mail: [email protected] CHENNAI 600 018 Tel.: (044) 2435 3831 - 34 Fax: (044) 2435 3841 E-mail: [email protected] HYDERABAD 500 482 Tel.: (040) 2339 6820, 2331 0254 Fax: (040) 2331 2335 E-mail: [email protected] MUMBAI 400 016 Tel.: (022) 2204 5391, 2204 5324 Fax: (022) 2204 0859 E-mail: [email protected] NEW DELHI 110 057 Oxygen Trim system offers Tel.: (011) 2614 5319, 2614 5701 Fax: (011) 2614 5311, 2614 8679 Thermal efficiency improvement by 1% to 3% through reduction of excess air E-mail: [email protected] Lower pollution KOLKATA 700 016 Tel.: (033) 2282 6711 - 13 Close control of fuel air mixture throughout burner modulation range - excess air Fax: (033) 2282 6769 controlled 5% to 15% E-mail: [email protected] Neutralization of interference due to changes in air temperature, combustion