annual report 2011-12 - Heavy Engineering Corporation Limited

ANNUAL REPORT 2011-12
13. DEVELOPMENT OF ANCILLARIES AND SSI UNITS
As a part of its social responsibility, your company developed an
ancillary area near Tupudana with the help of Ranchi Industrial
Development Authority to create opportunity of employment as well
as individual entrepreneurship.
Regular interactions were organized with the SSI units to find out
various scopes for mutual cooperation and entry in new areas
commensurate with HEC’s growth.
14. CORPORATE SOCIAL RESPONSIBILITY
Initially HEC had a dedicated section known as “Community
Development Cell” for carrying out CSR activities which included
construction of culverts, helping nearby villagers for poultry farming
and its training, provisions for drinking water etc. Later on with
the deterioration in performance company abandoned this cell.
Subsequently, company started skill development programme where
preference are being given to local youths and youths from displaced
family. For this company started Industrial Training Institute known
as HEC Training Institute (HTI) which provides certificate equivalent
to ITI. Company also runs Nursing School for local youths. Company
also runs schools with a nominal fee. Company is having 350
bedded Hospital where ex-employees & their spouse are provided
free treatment. In addition, free health camps are being organized in
nearby villages and HEC hospital.
15. VIGILANCE ACTIVITIES
Vigilance organization of the company operated under the overall
administrative and functional control of Chief Vigilance Officer.
Preventive vigilance continued to be the thrust area through periodic
and surprise inspections by the Vigilance Department. Awareness
amongst employees is generated by organizing training programs
on various guidelines/procedures of CVC, disciplinary enquiry
proceedings, their role in combating corruption etc. and need for
transparent and fair working. Twelve such programs were organized
during the year. In addition, regular interactions by CVO/Vigilance
Officers with senior executives/ employees of HEC were organized
to develop a positive approach among them towards corruption free
efficient and transparent working. Efforts had been on timely disposal
of complaints and enquiries. A “Compendium of Circulars” containing
CVC/CTE’s guidelines/circulars besides, internal circulars was prepared
and distributed amongst the senior officers of the Corporation.
Vigilance Portal in Company’s website has been introduced containing
vigilance related details for guidance of officers of the Corporation.
Policy regarding Public Interest Disclosure and Protection of Informer
(PIDPI) resolution and press release of CVC was up-loaded in
Company’s website and displayed at Notice Boards for information
of employees/.officers.
Vigilance awareness week was observed as per CVC’s guidelines.
Essay/quiz competitions were organized to enhance vigilance
awareness among the employees.
16. DISPOSAL OF REQUEST/APPEAL UNDER RTI ACT :
Company emphasizes on transparency and timely submission of
information sought was given priority.
17. QUALITY CONTROL
Your company never compromises on quality of the products
manufactured. The company takes all measures to maintain the
quality of its products and services to the utmost satisfaction of its
customers, keeping this in view Quality assurance department has
been centralized for three plants. The standards of Quality of products
and services are being maintained as per relevant Indian standards
and ISO 9001:2000.
18. ENERGY AUDIT
Energy Audit was carried out by Petroleum Conservation Research
Association (PCRA) in 2004-05 in a limited way with the objective to
study the use of alternate fuel other than the currently used Producer
Gas for Heat treatment/Reheating furnaces.
As Foundry Forge unit is the main energy consuming unit, energy
audit of this unit with the help of an external agency M/s. Energo
Engineering Projects Ltd (EEPL) was got done. Suggestions have
been prioritized and action initiated in following areas:
1. Revamping of the Producer Gas plant, gas cooler units,
ventilators and producer gas operated furnaces
2. Overhauling of HT Transformers.
3. Modification in operating system of compressors for intermittent
switching off.
4. Replacement of MG Set of EOT Crane by Variable Frequency Device.
5. Switching off the standby transformers.
19. R&D, TECHNOLOGY ABSORPTION, ADAPTATION, AND
INNOVATION; ENERGY CONSERVATION
The particulars required under section 217(1) of the Companies
Act, 1956 read with the Companies (Disclosure of particulars in
the report of Board of Directors) Rules 1988, regarding R&D,
Technology Absorption, Adaptation and Innovation as well as Energy
Conservation are furnished in Annexure- ‘A’.
20. DIRECTORS’ RESPONSIBILITY STATEMENT
ii) that in the preparation of the Annual Accounts for the financial
year ended March 31, 2012, the applicable accounting
standards have been followed along with the proper
explanation relating to material departures;
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