Page 47 - Demo

Innovation helps to achieve excellence and leads to higher productivity, sustainable products and to create direct and indirect positive economic impact on our stakeholders. We are one of the eminent specialty chemical manufacturers in the country with global operating facilities and contributing towards the economic growth & development of the nation. India's sustained and strong economic growth, supported by robust macro fundamentals, are major enablers for the growth of the chemical sector. During FY'21-22, the pandemic has led to high growth in the consumption of healthcare products and flexible packaging for food and e-commerce goods, leading to rising demand for cer tain petrochemical products. Economic performance is a material topic prioritised by our stakeholders and it is our continuous endeavour to create superior value for the stakeholders through our value chain. At Dorf Ketal, well-laid financial processes, rules, systems, best practices and policies have been formed to comply with the regulatory guidelines. The top management governs and oversees our financial performance and makes sure that all the project teams and operations, operate within budgets allocated and resources committed. They ensure that proper records are maintained to comply with external and internal financial audits and safeguard the economic interests of our stakeholders. Most of our plants in India are located in Special Economic Zones or Union Territory and hence the exports from these units are subject to tax exemptions as per the government policies. During the FY'21-22, we posted a growth at 17% CAGR and generated revenue of INR 30,000 Million.Direct and Indirect Economic Performance2009-102010-112011-12500010,00015,00020,00025,00030,00035,00020-132013-142014-152015-162016-17%u201cA Decade of published and constant Growth%u201d2017-182018-192019-20Revenue INR millions2020-212021-22CAGR 17%Revenue 30,000 Million INRWe contribute towards achieving Sustainable development Goals (SDGs) and helping local economies to grow, by providing employment opportunities to the people from local geographies. Most of our employees, workers, contractors and senior management team members are hired locally. Our core values and ethos drive the CSR interventions and enable communities to grow hand in hand with us. We believe in forming long-term partnerships with all our vendors, contractors, and employees and value their contributions to achieve together our objective to create a sustainable impact for the future.Economic Performance44