We have collectively witnessed an unprecedented year – physically, emotionally, financially and socially. With a dual focus on life and business continuity, we worked with tenacity, agility, creativity and connectivity. Our strong cash flow position enabled us to not only uphold our commitments to our customers, suppliers and employees, but also make investments in up gradation, expansion, product development and new talent.
We see abundant opportunities in all our businesses. We are capitalising on some in the short term and laying the foundations for growth by investments in people, processes, R&D and production capabilities.
The Environment & Biotech Division was able to sustain operations in waste management in this challenging year.
While the traditional customer segment; namely the Urban Local Bodies diverted their focus and resources on covid, the company launched a new product, BioTurn, for the decentralized waste management segment with enhanced throughput and easier operations. The company also developed additional revenue streams by separating nonorganic waste fraction which is being monetized as Refuse Derived Fuel used as co-processing by the cement industry, recovery of scrap metals and recyclables; and enabling Producer Responsibility Organisations (PRO) help brand owners fulfil their Extended Producer Responsibility (EPR) obligations. We look forward to providing solutions to Urban Local Bodies for Municipal Waste Management and exploring collaboration with other companies to unlock larger opportunities for transformation in India’s waste management sector.
We are strategically exploring opportunities to enter into Biogas segment enabling us to offer the full bouquet of organic waste management services.
I would like to thank the leadership team for bringing around this transformation over the years in waste management and helping us move towards offering multiple solutions, continue focus on decentralised while bringing in impact through more centralised facilities. Excel is committed to creating a Swachh Bharat. In the words of Swami Vivekanand ‘Arise! Awake! And stop not till the goal is reached.’
Hrishit A. Shroff,