B. Technology Absorption, Adaptation
and Innovation
1) The Company has fully adopted and further
updating the latest technology available for
producing Vitrified & Ceramic tiles in tune
with European / Chinese market of Tiles
2) Our R&D / Technical experts visits Global
markets to adopt and update the latest
technology available.
3) During the year, the R&D unit at Gailpur Plant
has received the recognition certificate from
Department of Scientific & Industrial Research
(DSIR).
Benefits derived as a result of the above
The Company is continuously updating itself
to standardise and install required machineries
when manufacturing Vitrified and Ceramic tiles. A
considerable amount of Energy is being conserved
by total use of COAL & RLNG in both the Plants
(at Sikandrabad / Gailpur), and innovation in
controlling the Natural Mineral Resources by
using recycled waste.
Social & community welfare
Business growth and societal progress go hand
in hand. As a successful company, we believe
in sharing what we create. Towards that end,
we continued to implement initiatives and
demonstrate our corporate social responsibility.
We focused on higher education, granting
scholarships, improving infrastructure and
maintaining higher standards of living, among
others.
We also value the scare natural resources i.e
Water & Raw materials and thus using efficiently
by recycling & reusing them regularly.
Company has a long and strong tradition of
supporting its surrounding communities like Govt.
Schools, NGO’s, Ashram, Dharamshala, Medical
camps, Contribution to Help age India, Child and
woman care centre, Sai Help Age Foundation and
help care societies by providing Funds, Facilities,
Education fees to economically weaker sections.
Foreign exchange earning and outgo
(
`
in million)
Particulars
2013-14 2012-13
Earned:
Exports (FOB)
348
132
Spent:
Imports (CIF)
Capital goods
475
130
Raw Material
40
64
Stores & Spares
145
168
Traded Goods
1005
1753
Others (on accrual basis)
28
40
Expenditure on (R&D)
(
`
in million)
Particulars
2013-14
2012-13
2011-12
a) Capital
2.35
4.55
2.37
b) Recurring
46.63
21.15
29.75
Total
48.98
25.70
32.12
c) Total R&D expenditure as a percentage of total revenue
0.26
0.16
0.24
Technology imported
Process of technology
Monocuttura
Monoporosa
Vitrified
Year of import
1988
1994
2010
Has technology been fully absorbed
YES
YES
YES
For and on behalf of the Board
Place: New Delhi
Ashok Kajaria
Date: 7th May 2014
Chairman and Managing Director
37
Annual Report 2013-14
