Glenmark Life Sciences — full event log
Every event we have on file across every reporting year. The Data-by-year tab summarises the top 10 per year; this page shows them all.
← back to Data by year2024· 16 events
On 6 March 2024, Nirma Limited acquired 91,895,379 equity shares (75% of paid-up capital) from Glenmark Pharmaceuticals Limited, becoming the new promoter. Chairman, NED V.S. Mani, Independent Director Sridhar Gorthi resigned; three new directors appointed including Hiren K. Patel as Chairman.
sustainability_report p.77
Identifying opportunities to reduce & replenish water usage; implementing water harvesting & conservation projects to be Water Neutral by 2027.
sustainability_report p.56
In FY 22-23, not all units of GLS were included in GHG quantification. In FY 23-24 disclosures, all units (1 Corporate Office and 4 Factories) have been considered. This explains the large increase in Scope 1 emissions from 12,798 tCO2e to 667,131 tCO2e. Also, steam purchased from common coal fired boiler for Ankleshwar was added in FY24 Scope 1.
sustainability_report p.125
With Nirma's support, the Company will embark on creating a new brand identity to reflect the core DNA, with a renewed sense of urgency and purpose.
sustainability_report p.8
In FY24, 9.18% of electricity (76,58,883 kWh) was contributed from renewable energy sources. Ankleshwar plant uses hybrid (solar+wind) power, with 21% of total annual power from hybrid sources (1,00,49,106 kWh out of 4,81,85,820 kWh). Bio-briquette boilers installed at Mohol, Dahej and Ankleshwar facilities to replace fossil fuel boilers. Total renewable energy share targets to grow as part of Carbon Neutral by 2030 commitment.
sustainability_report p.56
Multiple energy conservation projects: replaced reciprocating brine compressors with energy-efficient screw-type (43 TR), AHU chilled water temp optimization, breathing air compressor pressure reduction, LED lighting replacement, VFD on AHU blowers. Total FY24 savings: 5.89 lakh kWh and INR 48 lakh per annum from refrigeration/utility improvements alone. Specific steam consumption decreased from 260kg/kg in FY23 to 183.3kg/kg in FY24; specific power consumption from 121 to 105.29 kWh/kg.
sustainability_report p.56
Bio-briquette-based boiler installed at Mohol plant (shifted from bio-diesel-based boiler), Dahej facility (FY23), and Ankleshwar facility (FY24). This change is one driver of the large jump in reported Scope 1 emissions as bio-briquette fuel is now categorized as Scope 1 in FY24 reporting.
sustainability_report p.136
Backward integration plant of 208 KL capacity at Ankleshwar to manufacture Key Starting Materials (KSMs) and intermediates in-house rather than imports from China. New Solapur facility will add 400 KL for backward integration. Reduces reliance on imported intermediates and associated transport/supply-chain emissions.
sustainability_report p.34
Company committed to be Carbon Neutral by 2030 by identifying green initiatives - renewable energy, energy efficiency etc. to reduce from current levels of GHG emissions.
sustainability_report p.56
Moving towards cleaner methods of waste disposal; prioritising co-processing & pre-processing as cleanest form of disposal to achieve Zero Waste to Landfill by 2027.
sustainability_report p.56
Reports alignment with SDGs 2, 3, 4, 5, 6, 7, 8, 9, 10, 11, 12, 13, 15 and 16 through various CSR and operational initiatives.
sustainability_report p.133
GLS manufacturing facilities at Ankleshwar and Dahej are ISO 14001:2015 (environment management) and ISO 45001:2018 (occupational health and safety management) certified.
sustainability_report p.102
As part of Carbon Neutrality CSR project, company has planted 45,800 trees of local species using Miyawaki and traditional methods, resulting in expected absorption of 68,700 tonnes of carbon over their lifespan. Additional 35,000 trees planted in FY24 alone with 52,500 tonnes CO2 lifetime sequestration expected. No durable removals (DAC/BECCS) disclosed; reliance is on nature-based afforestation.
sustainability_report p.58
Started 1 MW hybrid (solar+wind) power at Ankleshwar facility, increasing green energy contribution to 20.9% of plant power. Plan to expand renewable share across all four manufacturing sites.
sustainability_report p.90
34% of solvents are recovered/recycled in manufacturing (FY24, vs 31% in FY23). R&D efforts focused on lower energy consumption alternatives, reducing effluents (50% reduction achieved in FY24 through lifecycle management), introducing safer technologies for early-stage intermediates and optimising challenging batch processes through process intensification and flow chemistry (CSTR, Fixed bed reactor).
sustainability_report p.38
Cultivated a robust network of ancillary suppliers for key molecules to reduce reliance on non-Indian sources. Collaborating with local manufacturers providing volumes and technological support to develop new products, contributing to development of domestic manufacturing capabilities.
sustainability_report p.58