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Risks

We are exposed to risks arising out of the
macroeconomic environment as well as from the
internal business environment. We continually
focus on addressing the same as we ensure
value creation for our stakeholders. Integrated Report

Financial
• Disciplined capital allocation and
cost e ective nancing structure
inability to secure su cient, cost
e ective funding
Strategic Operational • Pressure on nancial covenants due
to operational constraints Statutory Reports
• Timely delivery of transformation plan • Volatility in raw material prices/
• Sustainability and climate change securitisation of key raw materials
• Pace of digitalisation • Cyber attacks
• Increase in xed costs
• Competitiveness

Regulatory and compliance Reputational Financial Statements
• Responsiveness to changes in • Stringent implementation of product
legislation and regulation and process quality standards
• Government policy changes • Safety culture
• Adherence to stringent
environmental norms

Risks 49