FOSECOIND · price
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Awaiting price reaction for this filing.
Foseco India has submitted its annual BRSR, a mandatory SEBI ESG disclosure, for calendar year 2024. The company manufactures foundry chemicals and fluxes (100% of turnover) with operations at 2 plants in India (Pune and Puducherry), serving 21 states and 12 countries; exports are a small 3.53% of revenue. Reported turnover was Rs. 52,478 lakhs and net worth Rs. 34,340 lakhs. Foseco Overseas Limited (part of UK-based Vesuvius plc) holds 58% of paid-up capital. Workforce comprises 141 permanent employees and 205 workers, with only 6% and 5% female representation respectively. On sustainability, the company has already cut overall CO2 emissions by 62% (well ahead of its 20% by 2025 target), reduced solid waste by 74% over 2019, and uses 11.3% recycled raw materials; it targets net zero carbon by 2050 and runs a 565 KWP solar plant in Pune. There were zero workplace fatalities, lost-time injuries, or reportable injuries in FY 2024. Customer complaints rose sharply to 156 in FY 2024 from 93 in FY 2023, with 27 pending at year-end under monitoring.
This is a routine annual ESG compliance filing with no direct impact on share price or shareholder value. The standout positive is the company's strong outperformance on its CO2 and solid-waste reduction targets, reinforcing its sustainability credentials. Investors may note the sharp jump in customer complaints (156 vs 93) as a quality-monitoring item to track in coming quarters.