Corporate Governance and Ethics
Company's philosophy on Code of Governance
The Company strongly believes in the ethical way of conducting business. The Company upholds its relationship with the society and hence its social responsibility of environment safety and welfare.
The Company's commitment for effective Corporate Governance continues and the Company has always been at the forefront of benchmarking the need for full transparency and accountability in all its transactions in order to protect the interest of its stakeholders and to facilitate the creation of long term values for its shareholders.
The basic philosophy of the Corporate Governance in the Company is to achieve business excellence and dedicate itself to increasing long-term shareholder value, keeping in view the needs and interests of all its stakeholders. The Company expects to realize excellence by taking such action as may be necessary in order to achieve its goal of value creation, safety, environment and people. For implementing the Corporate Governance practices the Company has set up Audit Committee, Finance Committee and Shareholders'/Investors' Grievance Committee and these committees report to the Board of Directors about the task assigned to them.