HIKAL LIMITED — 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· 28 events
Hikal has set internal Scope 1 and Scope 2 emissions reduction targets and calculated FY 2024-25 Scope 3 emissions. The company is currently a signatory to SBTi for near-term targets and plans to submit for SBTi target validation by end of FY 2025-26. FY 2025 will be designated as the baseline year.
sustainability_report p.5
In FY 2024-25, Hikal adopted a more granular approach for calculating emissions from purchased goods and services. Reported Scope 3 rose 38% YoY, but on a like-for-like basis emissions decreased 14%. This improves accuracy of reporting.
sustainability_report p.17
Hikal will designate FY 2025 as the baseline year for monitoring progress against emissions reduction targets under SBTi framework.
sustainability_report p.17
All five manufacturing facilities certified under ISO 45001:2018 OH&S Management System; R&T Pune undergoing certification. Other certifications include ISO 9001, ISO 14001, ISO 50001, and Responsible Care.
sustainability_report p.5
Implemented 100% ZLD at three of five manufacturing facilities, with new ZLD system commissioned at R&T Pune in FY 2024-25.
sustainability_report p.15
Hikal is committed to the ten principles of the United Nations Global Compact (UNGC).
sustainability_report p.5
Hikal Jigani Unit (near Bannerghatta National Park) undertook lake restoration (Konasandra and Yallammanadoddi lakes), and developed a Miyawaki forest with 4,000 trees, 1,000 shrubs and 350 bamboo grasses near Harapanahalli Temple in May 2024.
sustainability_report p.17
Settlement of INR 43,97,250 paid to SEBI for alleged non-disclosure/inadequate disclosure of material information under SEBI (LODR) Regulations, 2015. No appeal preferred.
sustainability_report p.6
Scope 1 emissions intensity declined due to transition from natural gas and fuel oil to purchased briquette-generated steam. Cogeneration turbine installed at Taloja briquette-fed boiler to generate in-house clean electricity. Improved boiler steam-to-fuel ratio saved 697 MT of fuel and 292.39 MT of furnace oil at Jigani 1.
sustainability_report p.15
Replaced pumps with high-efficiency units, retrofitted CFL to LED in flameproof areas, optimised transformer voltage from 415V to 405V, automated streetlighting, installed motion sensors and flash steam recovery systems. Annual operational savings of INR 27.8 million.
sustainability_report p.18
R&D spend was 4.20% of total in FY 2024-25 (4.56% in FY23-24). Redesigned carboxylation process eliminated toxic reagents (CO, n-butyl lithium, palladium), improved yield from 33% to 59%, reduced Process Mass Intensity from 43 to 18, and reduced CO2 by 46 kg per 1 kg API (46,000 kg per 1,000 kg API). Patent filed.
sustainability_report p.7
Scope 3 dominated by purchased goods. Hikal has a Green Supply Chain and Sustainable Procurement Policy and conducts on-site/desktop ESG and EHS audits for critical India-based suppliers. 100% of critical India suppliers assessed for ESG, human rights and working conditions.
sustainability_report p.7
More than 90% of process solvents recovered and reused. 'Wealth from Waste' programme identifies recycling/reduction/reuse opportunities; dedicated lab studies waste treatability and converts by-products into desired intermediates. 41,353 MT recycled and 4,712 MT reused in FY 2024-25.
sustainability_report p.16
38% increase in total Scope 3 emissions vs FY23-24 attributable to more granular approach for calculating Cat 1 Purchased Goods & Services emissions. On consistent methodology, S3 reduced 14%.
sustainability_report p.17
Developed Miyawaki forest near Harapanahalli Temple, Jigani with Twin Glacier Foundation: 4,000 trees, 1,000 shrub saplings, 350 bamboo grasses. Plus cleaning of Konasandra & Yallammanadoddi Lakes with ~250 saplings.
sustainability_report p.17
Hikal has implemented solar and wind power through power purchase agreements (PPAs) at Mahad, Taloja, Panoli and Jigani Unit 1. Renewable share of total energy reached ~77% in FY24-25 (1,038,458 GJ of 1,347,981 GJ). Cost savings totalled INR 134.0 million across sites (Panoli 27.03m, Taloja 53.5m, Mahad 23.80m, Jigani-1 29.65m). Also invested in a cogeneration turbine using briquette-fed boiler steam to strengthen in-house clean energy generation.
sustainability_report p.16
Hikal is a signatory to SBTi for near-term targets and plans to apply for SBTi target validation by end of FY 2025–26. FY 2024-25 designated as baseline year for emissions reduction targets under SBTi framework.
sustainability_report p.5
Scope 1+2 emissions intensity decreased due to transition from natural gas and fuel oil to purchased briquette-generated steam, and increased renewable electricity procurement.
sustainability_report p.15
State-of-the-art Zero Liquid Discharge system implemented at Research and Technology facility in Pune during FY24-25. Now 3 of 5 manufacturing facilities have 100% ZLD.
sustainability_report p.15
Boiler steam-to-fuel ratio improved from 3.85 to 3.95, saving 697 MT fuel; cogeneration boiler efficiency reduced LSHS boiler operating hours saving 292.39 MT furnace oil. Flash steam recovery systems installed at Mahad, Panoli for boiler feedwater and hot water generation. Switch from natural gas/fuel oil to purchased briquette-generated steam.
sustainability_report p.16
All five manufacturing facilities certified under ISO 45001:2018 OHS Management System. R&T Centre and Pune R&D Centre certification in progress.
sustainability_report p.9
Settled SEBI proceedings for ₹43,97,250 over alleged non-disclosure/inadequate disclosure of material information under SEBI LODR Regulations 2015. No appeal preferred.
sustainability_report p.6
100% ZLD implemented at 3 of 5 manufacturing sites. ZLD systems consist of primary treatment, MBR, MEE/MVRE with ATFD, and RO tertiary treatment. 110,334 kL recycled via ZLD in FY24-25 (vs 95,660 prior year). Treated water reused for utilities, cooling tower makeup and gardening.
sustainability_report p.15
Wealth from Waste programme recovers >90% of process solvents for reuse. Dedicated lab works on waste treatability and conversion of by-products into desired intermediates. Site-level task forces led by Site Heads drive waste reduction, reuse and recycling. 41,353.7 MT recycled and 4,712.2 MT reused in FY24-25 vs total waste 58,844 MT.
sustainability_report p.7
Formal Green Supply Chain and Sustainable Procurement Policy applied to all value-chain partners. 100% of inputs from critical India-based suppliers sourced sustainably. Onsite + offsite ESG/EHS due-diligence audits conducted. Scope 3 Cat 1 (purchased goods) re-calculated with granular methodology in FY24-25; will set Scope 3 SBTi target with FY25 baseline.
sustainability_report p.7
Energy Conservation (EnCon) Committee constituted at corporate level in 2021. FY24-25 initiatives: HT capacitor capacity raised 450→600 KVAR, transformer voltage reduced 415V→405V, high-efficiency pump replacements, automated streetlights, motion sensors, CFL→LED retrofits in flameproof areas, MS-FRP→PP-FRP impeller. Achieved annual operational savings of INR 27.8 million.
sustainability_report p.18
Developed green manufacturing approach for carboxylation: eliminated toxic reagents (CO gas, n-butyl lithium, palladium); eliminated autoclave and cryogenic systems; yields improved from 33% to 59% (patent filed); Process Mass Intensity reduced from 43 to 18; CO2 emissions cut by 46 kg per kg API produced (46,000 kg saved per 1,000 kg API). R&D was 4.20% of total R&D investment in FY24-25.
sustainability_report p.7
Hikal has implemented solar and wind power through power purchase agreements at Mahad, Taloja, Jigani Unit 1 and Panoli sites. Renewable energy reached 77% of total energy consumption in FY 2024-25 (up from 62% in FY 2023-24). Annual cost savings of INR 134.0 million from alternative energy adoption (Panoli INR 27.0m, Taloja INR 53.5m, Mahad INR 23.8m, Jigani 1 INR 29.7m).
sustainability_report p.18