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(B)  TECHNOLOGY ABSORPTION
              (i)   Efforts made towards Technology Absorption:
                   ʀ    “UDHE” technology absorption for reduction of specific power consumption in Chloro Caustic Plant (in process) at Mithapur
                   ʀ    Upgradation of Alkali Bypass System to comply with environmental norms at Mithapur
                   ʀ    Semi-Automatic Liquid Filling Machine for Liquid Product Packing at Sriperumbudur
                   ʀ    Spray drying area Double Flap Valve was installed in place of Rotary Valve at Sriperumbudur
                   ʀ    Cooling Plate Heat Exchanger (PHE) installed to replace the Jacket cooling of Sugar Solution at Sriperumbudur
                   ʀ    Saving of electrical power and fuel at Innovation Centre, Pune
              (ii)   Benefits derived like product improvement, cost reduction, product development or import substitution:
                   ʀ    Data generation for process scale up and commercial plant feasibility evaluation at Mithapur
                   ʀ    R&D efforts to attain objectives of cost reduction, energy conservation, waste minimisation/recycling and reuse, related
                        value added products, reduction in carbon footprints and environmental improvement at Mithapur
                   ʀ    Elimination of Manual Weighing and Filling Process and Batch output deceleration from Supervisory Control and Data
                        Acquisition (SCADA) in place of manual at Sriperumbudur
                   ʀ    The Spray Drying Working capacity increased from 33% to 66% at Sriperumbudur
                   ʀ    Cooling cycle time reduced from 12-14 hours to 4-6 hours at Sriperumbudur
                   ʀ    Cost reduction by saving in fuel cost due to synchronisation of DG set at Innovation Centre, Pune
              (iii)   In case of imported technology (imported during the last three years reckoned from the beginning of the financial year):
                    (a)  The details of technology imported                 Palletizer for IVSD 50 kg bags at    Bicarb Pelletizer by
                                                                        Peripheral Yard           Concetti
                    (b)  The year of import                               2017-18                   2015
                    (c)  Whether the technology has been fully absorbed     Yes                     Yes
                    (d)  If not fully absorbed, areas where absorption has not   NA                 NA
                         taken place and the reasons thereof
              (iv)   Expenditure incurred on Research and Development:
                                                                                                         ` in crore
                                                                                          2017-18        2016-17
                   Capital Expenditure                                                         8.45         4.50
                   Revenue Expenditure                                                       33.75         34.96
                   Total R&D expenditure                                                    42.20          39.46
                   Total R&D expenditure as a percentage of net sales                       0.56%         0.48%

          (C)   FOREIGN EXCHANGE EARNINGS AND OUTGO
              The foreign exchange earned in terms of actual inflows during the year and the foreign exchange outgo during the year in terms of actual
              outflows:
                                                                                                         ` in crore
                                                                                          2017-18        2016-17
               Foreign Exchange Earned                                                       34.99         55.51
               Outgo of Foreign Exchange                                                   1,261.72      1,777.44

                                                                                    On behalf of the Board of Directors




                                                                            Bhaskar Bhat             R. Mukundan
                                                                                Director    Managing Director & CEO
          Mumbai, 18 May, 2018

          76  Annual Report 2017-18
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