GRANULES INDIA LIMITED

Carbon per million dollars of revenue. The legacy industry-standard reference (CDP, MSCI). Useful for cross-sector context, but distorted by margin — high-margin firms appear artificially efficient. Read alongside the operational and asset intensities for the full picture.

OpEx (operating expenditure) is the running cost of the business — staff, services, energy, materials. This shows how carbon-intensive operations are per million dollars of spend. Removes the margin distortion that revenue-based ratios introduce.

EVIC (Enterprise Value Including Cash) is the firm's total capital footprint — equity + debt + cash + minority interest. The EU's standard intensity measure (SFDR PAI 3) — answers: how much carbon does each million of capital deployed in this business produce?

PP&E (Property, Plant & Equipment) plus leased real-estate assets is the firm's physical infrastructure on the balance sheet. This shows the carbon intensity of that physical footprint — uses Scope 1+2+3 for consistency with the other headline intensities. Surfaces stranded-asset risk for asset-heavy firms.

Granules has installed 320 KWp rooftop solar at Gagillapur (commissioning another 660 KWp), generating 359 MWh in FY24. Procured 6,528 MWh through PPA for Gagillapur and 33,000 MWh of I-RECs for Gagillapur and Bonthapally. Total renewable contribution reached 47.4% of electricity mix. Plans include commissioning 1MW rooftop solar at Gagillapur by FY25 and increasing PPA renewable purchases across plants.

Granules does not disclose any durable carbon removals (DAC, BECCS, biochar). Climate plan focuses on absolute emission reduction (42% by FY30) with renewable electricity certificates (33,000 MWh I-RECs) offsetting 23,628 tCO2e. The firm does not distinguish removals from offsets in its disclosures.

• Energy efficiency / Carbon Emission Reduction Measures (CERMs)

  Partnered with Siemens to identify CERMs. Implemented vacuum pump replacement (70,296 kWh saved), EC blowers (474,272 kWh), RT pump interlocks (28,244 kWh), VFDs, auto cut-off cooling fans, automatic chiller tube cleaning. Total annual energy savings of 915,945 kWh and INR 120.23 lakhs in cost savings across all units in FY23-24.

• Alternative fuels for boilers at Bonthapally and Gagillapur

  Targeting techno-commercial feasibility of alternate fuels for boilers at Bonthapally and Gagillapur. HSD consumption reduced by 31.6%, coal by 1.9%, FO by 1.4% in FY23-24. Internal Carbon Pricing (ICP) to be developed by FY25.

• Downstream distribution emissions (Scope 3 Cat 9)

  Downstream transportation contributes 24,827 tCO2e (FY24, up from 22,381 in FY23). Distance-based methodology applied. Part of value chain decarbonization roadmap focused on logistics optimization across 80+ export markets.

• Manufacturing energy efficiency (CERMs with Siemens)

  Partnered with Siemens to identify Carbon Emission Reduction Measures. Implemented vacuum pump replacements (70,296 kWh saved at Bonthapally), EC blower upgrades (474,272 kWh at Gagillapur), VFDs on motors, auto cut-off cooling tower fans, automatic chiller tube cleaning. Total annual energy saving of 915,945 kWh and financial saving of ~INR 120.23 lakhs.

• Green molecules platform (Granules CZRO)

  Granules CZRO subsidiary pilot plant for DCDA commissioned in Visakhapatnam to reimagine pharma manufacturing via biocatalysis, fermentation, and green chemistry. Aims to solve scope 3 challenge by enabling green-energy industrial feedstocks for paracetamol, metformin and other core APIs. R&D collaboration with NIPER Mohali for Centre of Excellence in Innovative and Sustainable Pharmaceutical Development.

• Fuel switching for boilers (alternate fuels)

  Complete techno-commercial feasibility of alternate fuels for boilers for Bonthapally and Gagillapur by FY25. HSD consumption reduced 31.6%, coal 1.9%, FO 1.4% in FY24. Adopting biofuels and renewable energy is part of net-zero roadmap.

• Water recycling via Zero Liquid Discharge

  Maintains Zero Liquid Discharge Systems and Effluent Treatment Plants with RO Recovery across manufacturing units. 39% of wastewater recycled and reused in operations. Water intensity reduced 25% vs FY23. Target: 27% water intensity reduction by FY27.

• Hazardous waste co-processing

  88% of hazardous waste sent to cement industries for co-processing, promoting circular economy and reducing GHG footprint. 100% non-hazardous waste recycled. Target: Increase co-processing to 95% by FY26 and zero waste to landfill by FY30.

• Green molecules platform via Granules CZRO

  Granules CZRO subsidiary launched to reimagine pharmaceutical manufacturing with green chemistry. Pilot plant for DCDA set up at Visakhapatnam. Aims to decarbonise backward integration for paracetamol and metformin. Academic partnership with NIPER Mohali on Centre of Excellence for Innovative and Sustainable Pharmaceutical Development.

• Supplier sustainability program (Scope 3 Cat 1)

  Launched Supplier Sustainability Program engaging key suppliers to commit and disclose environmental/climate metrics, develop SBTi-validated targets, and provide product carbon footprint information. Scope 3 supplier-specific method used across more than 80% of value chain. Target: Adopt supplier sustainability framework and encourage strategic suppliers to set science-based emission reduction targets by FY27.

• Supplier Sustainability Program / Scope 3 Cat 1 reduction

  Purchased goods & services dominate Scope 3 at 514,516 tCO2e (~81% of Scope 3). Launched Supplier Sustainability Program engaging key suppliers to disclose emissions, develop SBTi-aligned targets, share product carbon footprints, and adopt renewable energy. Target: strategic suppliers to set science-based targets by FY27. Supplier-specific method used for >80% of value chain Scope 3 calculation.