CORPORATE SUSTAINABILITY REPORT2013-14

The MMTC-PAMP India motif depicts a pair of hands holding

a Lotus flower. With its clean lines, fine aesthetics and an

unparalled finish, this iconic product is a potent symbol of purity

and transcendence.

CONTENTS

Introduction

Message from the Managing DirectorAbout UsOverviewAbout the MKS GroupAwards and Certifications

Managing Sustainability

Values and ObjectivesMateriality AssessmentSustainability Goals 2020Stakeholder engagement

Our Business

ProductsGold Sourcing and Responsible Supply ChainCustomers

Social Responsibility

EmployeesTraining and developmentDiversity and inclusionCorporate Social ResponsibilityHealth and SafetySuppliers

Environmental commitment

Environment Impact Assessment Resource ManagementWaste Management Water & Soil dischargesEmissions

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4

Message from the Managing Director

In todays competitive and innovative environment,companies and countries that do not adapt get left farbehind. Our perspective on change is to encompass it, leadit and use it to achieve the desired outcomes.

We work closely with our stakeholders to anticipate change and transition, to understand the market direction and to develop solutions to business challenges. .

Solving sustainability challenges is not only a moral obligation but also a business mandate. As a young company, we realize this responsibility extends far beyond our plant walls, to our customers, to our community and eventually to those who will inherit our society. We apply Sustainability measures throughout the production cycle; we act responsibly to meet the needs of society today, while respecting the needs of future generations. .

The daunting task before us drives many to draw a straight line from the current situation to an inevitably grim future. But by remaining grounded in the sciences – especially in chemistry and engineering – we can share a more optimistic vision. .

Our focus on creating value for society, the environmentand our business is reflected in the breadth of ourcommitment: from investing in our employees, improvinghealthcare in the society to reducing our environmentalfootprints. These all require a long term vision to achievepositive outcomes. We have set environmental goals designed to address the most critical issues to MMTC-PAMP environment sustainability over the long term. .Social responsibility is a strong pillar of our culture, as evident from the fact that we do regular gap analysis to understand the needs of our society and invest in the field of Healthcare, Education and Hygiene. . In these pages, you will see how our commitments, our actions, our people and our innovation engine are delivering value for society, the planet, and the business’ bottom line. .

Rajesh Khosla

Managing Director

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About the Report

Our sustainability strategy is built upon three key principles: environmental commitment, social responsibility, and economic success. By demonstrating leadership within each of these powerful principles, MMTC-PAMP successfully delivers on its corporate vision.

Our focus on environmental commitment dictates how we do what we do. It guides our design ethic, our manufacturing processes, and our means of distribution. We identify optimal solutions that make us capable of combining efficiency with respect for our surroundings. Thanks to the investments we have made in the form of setting up of an Environment Lab, we are able to monitor all emission and disposals at a frequency far superior to that prescribed in the regulatory framework.

Our focus on social responsibility means engaging in deep, meaningful conversations with our key stakeholders-our customers, our shareholders,

our employees, and our communities-to ensure that we act responsibly and ethically and that we are furthering our leadership position within our sustainability operations.

We have successfully applied these principles to our entire production chain by working together with major international organization. In 2013-14 we became the first and only domestic precious metals refinery to be awarded the LBMA Responsible Gold Certification of compliance with Responsible Gold Guidance, the ultimate evidence of our commitment towards socially responsible practices.

We focus on economic success to create impactful, innovative sustainable solutions not for today but for far into the future. Whilst our operating results are important, the value we are able to produce for our stakeholders as a result of our activities is the key determining factor.

At MMTC-PAMP India sustainability is integrated in who we are and what we do.

Our Vision: “Authenticity is Precious”

Our Mission: “To place India in its deserved position at the heart of the International Bullion Market.”

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Established in 2008, MMTC-PAMP India is among the world’s most advanced gold and silver refining and minting facilities. MMTC-PAMP India-a joint venture between PAMP SA Switzerland and MMTC Ltd, a Government of India Undertaking-operates the world’s most advanced precious metals processing facility, under the direct technical supervision of PAMP and is a part of MKS Group.

With an installed capacity to refine per annum 150t gold and 600t silver, and mint 2.5 million pieces in gold or silver, India is home to the world’s most m o d e r n p re c i o u s m eta l s ref i n i n g a n d manufacturing plant, equipped with state-of-the-art technology throughout and with the most advanced environmental infrastructure and safeguards that meet the most stringent regulatory standards.

It commenced full-scale commercial refining operations in March 2012, using Dore delivered by mining companies as well as domestic scrap as refinery feedstock.

Offering a wide range of products that are on par with, or better than, products from any foreign manufacturer, MMTC-PAMP India provides Indian and international consumers with the finest quality products, created with complete transparency and assurance.

Accordingly, today’s market shows a clear preference for the MMTC-PAMP India range, the quality of which is fast becoming the de-facto benchmark for the Indian market.

About us

For more information please visit us at www.mmtcpamp.com

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Company Overview

2008: Founding of

MMTC-PAMP India Pvt. Ltd.

2012: Beginning of

Operations

OUR HISTORY

OUR PRESENT

India's first and only London Bullion Market Association

“Good Delivery” refinery for Gold and Silver.

LBMA Responsible Gold Certification for supply chain

due diligence

Employee Turnover at 10 %Number of suggestion received

in the financial year : 79

Over 50% rise in the training hours from

the last year

EMPLOYEES OF MMTC-PAMP INDIA

Annual Refining capacity of 150 ton of gold and 600

ton of silver

Sales network across the country

PRODUCTION & SALES

3 Business SegmentsSemi-Fabricated Product,

Custom Minting & IT Solutions

Over 40 type of productsin Gold & Silver

OUR BUSINESS

Empowering Sustainability

Management in our Future Success

OUR FUTURE

About The Group

Based in Geneva, the MKS PAMP Group is a precious metal and financial services group that specializes in all aspects of precious metals and trading. Personal, high quality and efficient round the clock service through fifteen offices in twelve countries and on five continents enables the Group to cover all physical and pricing aspects related to precious metals. The Group’s global reach, vertical integration and market specialization provide it with unparalleled market intelligence and knowledge in order to better serve its clients.

Based in Castel San Pietro, Switzerland, PAMP operates a stat of art precious metals processing and refining facility. PAMP is the world’s leading bullion brand and is one of only three refineries worldwide honored as ‘Referee’ by both the London Bullion Market Association and the London Platinum and Palladium Market.

Integration For A Comprehensive Service

Being a member of the MKS PAMP Group gives us an international dimension that expands our horizons well beyond the boundary of our manufacturing facility in India.

It allows us to provide a full range of services to our customers, such as mining companies, central banks, government mints, commercial banks, institutions and industries in various sectors.

A Long Tradition in Precious Metals

The MKS PAMP Group has over fifty years of global experience in the precious metals and is widely recognized globally as being among a select few unique organizations that encompass not only precious metal refining and processing but also providing round-the-financial and trading services to its valued clients

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Awards and Certifications

We place a heavy emphasis on the health and safety of our employees as well as respect for the surrounding environment. This commitment is translated into obtaining significant certifications that set us apart from other refineries in India.

Responsible Business PracticesIn 2013-14 we became the first and only domestic precious metals refinery to be awarded the LBMA Responsible Gold Certification of compliance with Responsible Gold Guidance, the ultimate evidence of our commitment towards socially responsible practices.

As we go into print, we are pleased to inform that MMTC-PAMP is now a Certified Member of the Responsible Jewellery Council, yet another first for any domestic precious metals refinery.

These two audited certification demonstrates MMTC-PAMP's focus on compliance with ethical principles along its entire supply chain and combine underlying objectives and verifiable standards that apply to the entire precious metal supply chain.

Quality, Environment and SafetyIn the year 2014, MMTC-PAMP also obtained the following certifications:

Good Delivery MMTC-PAMP is now the first and only refinery in India recognized as “Good Delivery” by the London Bullion Market Association (LBMA).

Awards & Recognition· India International Gold Conference, 2013 excellence

award under the category of Emerging Refinery.

· Best Refinery Award from Indian Bullion and Jewellery Association, 2013.

· Status of Star Export House by the Ministry of Commerce and Industry, Government of India.

Quality: ISO 9001: 2008;

Environment: ISO 14001: 2005;

Employee Health and Safety: OHSAS 18001:2007

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MANAGING SUSTAINABILITY

Values and ObjectivesWe always strive to offer our customers high-quality products and services that meet every need along the entire gold and silver production chain. The key factors that enable us achieve this are the four core values our company is based on, which have solidified and now represent the soul of our company culture.

Those who understand quality appreciate its responsibility.

Today, the market has a distinct preference for our product range, the quality of which is fast becoming the de-facto benchmark in the Indian market.

We recognize that customer confidence is our most highly-prized asset and we seek to specifically demonstrate that our products and services warrant this confidence.

Innovation Innovation is our key values add. We constantly invest in new solutions and technologies that enable us achieve the highest degree of quality and excellence in our products and services. Innovation alone assures that we are proposing the best solutions in the market and satisfying our customers' needs.

Respect for the Environment and Community

To achieve sustainable growth for the surrounding environment and community is our fundamental goal. We are always conscious to ensure that our development does not harm the environment and that the wealth generated by our business is shared with the community in which we are located.

Trust and Reliability

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To identify issues that may present opportunities or risks to our business in the future, we regularly analyze various factors using our materiality process by assessing the impact on the organization and the stakeholders.

The results of the materiality analysis-shown in the materiality matrix-form the point of departure for regular verification of the direction our sustainability strategy is taking. We judge a core area to be particularly significant if it is categorized as very important by both our stakeholders and the company.

Materiality Assessment SI

GN

IFIC

AN

CE

TO S

TAK

EHO

LDER

ME

DIU

MH

IGH

LOW

MEDIUM HIGHLOW

Non-discrimination and Human rights

Skill development

Product Quality

Waste & Emissions

Resource Management

Compliance

Employee Engagement

Discrimination

Health & Safety

Community Development

Employee Turnover

Biodiversity child Labor / Forced Labor

Facility Maintenance

SIGNIFICANCE TO THE COMPANY

13

14

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Sustainability Goals - Short Term

Reduce Reprocessing

by 50 %

Zero Accidents

SUSTAINABLITY GOALS

Reduce Waste generation

by 5 %

Reduce Waterconsumption

by 5 %

Reduce Energy Consumption

by 10 %

NABL Accreditation

of Environment Lab

Stakeholders

Our Commitment to Meeting Differing Expectations

The establishment of a relationship focusing on constructive dialogue is the first step in getting to know and be recognized by our stakeholders. Our growth and development is inevitably connected with the ability to meet their expectations.

This is supplemented by our Sustainability Report, which reflects MMTC - PAMP's specific renewed commitment from year to year, serving as a tool to support our commitment to be as transparent as possible and to keep our promises.

Shareholders, group companies, employees, customers, suppliers, financial institutions, the public, industry associations, environmental organizations, non-governmental associations, the mass media and competitors are all parties with whom we connect and who are stakeholders in their different types of relationships with us.

To continue our sustainable growth, we keep stakeholder engagement as our top most priority.This has enabled us to initiate different types of dialogue, discussion and collaboration with them on a daily basis.

Fina

ncia

l

Inst

itutio

nsIndustry

AssociationsS

hareholders

Employees

Gov

ernm

ent

Suppliers

Key Stakeholders

Local Community

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OUR BUSINESS

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The Lotus flower symbolizes long life, honor and good fortune, triumph and purity of heart and mind. MMTC-PAMP India’s distinctive Lotus motif depicts a pair of hands holding a Lotus flower. With its clean lines, fine aesthetics and an unparalleled finish, this iconic design portrays the assurance of MMTC-PAMP India quality and authenticity.

Minted Ingots are available in the following weight categories: Gold : 1g, 2g, 2.5g, 4g, 5g, 8g, 10g, 20g, 50g, 100g, 500g, and 1000g

Minted Products (The Lotus Design)

Silver : 5g, 8g, 10g, 20g, 50g, 100g, 500g, and 1000g

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The commemorative Sovereign is the flagship coin of The Royal Mint, recognized globally as a commemorative coin of the utmost craftsmanship and accuracy. Its weight is faithfully specified to five decimal places, its gold purity assured by the same strictly independent quality control process for over 750 years. This authentic Royal Mint Sovereign is manufactured under license by MMTC-PAMP India since 2013. In the current year, our license has been enhanced to also cover the half-sovereign, thus providing our customers with the ability to select their preferred denomination of this iconic product.

The Sovereign

Cast BarsOffering a wide range of products that are on bar with, or better than, products from any foreign manufacturer, MMTC-PAMP India provides Indian and international consumers with the finest quality products, created with complete transparency and assurance.

Cast bars are available in the following weight categories:

100 g Au, 1 Kg Au/Ag, Au and Ag standard bar (12.5 and 30 kg respectively)

Accordingly, today’s market shows a clear preference for the MMTC-PAMP India range, the quality of which is fast becoming the de-facto benchmark for the Indian market.

Bars are produced by the world’s most modern precious metals refining and manufacturing plant, equipped with state-of-the-art technology throughout and with the most advanced environmental infrastructure and safeguards that meet the most stringent regulatory standards.

Exacting Quality Standards

Each minted bar/ingot is individually registered and sealed in signed, protective Certi-PAMP™ packaging that guarantees the assayed fine precious metals content, weight and quality.

Authenticity and Identification

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Gold Sourcing and Responsible Supply Chain

As a Company within the MKS PAMP Group, MMTC-PAMP India stringently follows the Responsible Precious Metals Group Policy, which sets out the Groups' commitment towards responsible supply chain management. The company has been steadfast in adopting the best practices. The MKS PAMP Group provides support to partnership Africa Canada (PAC) in its Gold Supply Chain project in the Democratic Republic of Congo (DRC) with an aim to progressively divert gold supply chains from the illegal channels towards the legal channels and then to the international markets enabling transparent supply from the miner.

MMTC-PAMP India’s Responsible precious metal policy sets forth our commitment to responsible supply chain ethics. Fighting serious abuses of human rights, avoiding contributing to conflict over its supply chain and complying with high standards of anti-money laundering (AML) and combating terrorist financing (CFT) are central tenets of MMTC-PAMP’s operating procedures.

In the precious metals industry, supply chain is evaluated through the Global LBMA OECD due diligence guidelines. This is a five step risk based due diligence framework, which require companies to undergo an annual external verification audit. MMTC-PAMP has undergone the Responsible Gold audit and LBMA has confirmed our responsible chain practices, making us the first and only precious metals refinery to be so acknowledged.

Our internal structure provides support for these activities by introducing tools that make it possible to trace and identify the potential risks in the supply chain, as we as determine strategies that will enable us to manage the risks identified in the optimum way possible.

Satisfied customers drive our Company`s sustainability momentum. We place a strong emphasis on getting to know our customers, not only by listening to what they want, but by carefully assessing the work values and the standards adopted by them. We take feedback both and negative from the customers as per the procedure under our integrated management system.

The concept of know your customer has been extended to know your transaction, which gives us confidence that we are working with reliable partners in the entire supply and delivery chain, as the relationship we have with them is the result of a careful selection process and regular controls.

Besides internal controls, we undergo regular external surveillance audit by the certification body.

Customers

SOCIAL RESPONSIBILITY

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Employees

MMTC-PAMP India holds the reputation of an ethical and transparent business entity and ensures the welfare of our employees through various HR strategies. Our employees enjoy continuous opportunities for learning and growth, an attractive career path, excellent reward system and other benefits.

Seeing our staff grow is confirmation that we are moving in the right direction. The increase in total strength and decrease in employee turnover are just key indicators that deflect the happiness index of our workforce. Our Monthly newsletter “Suvarnam” is our employee’s mouthpiece which allows them to share their voices and adventures.

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Employment Details

Number of Female EmployeesEmployer Turnover

No

s

02012-13 2013-14

2918

No. of Female

35

30

25

20

15

10

5

% a

ge

2012-13 2013-14

10%18.39%

Employee Turnover

20.00%

18.00%

16.00%

14.00%

12.00%

10.00%

8.00%

6.00%

4.00%

2.00%

0.00%

No

s

2012-13 2013-14

336262

No of Employees

400

350

300

250

200

150

100

50

0

60%

50%

40%

30%

20%

10%

0%

Job Function Composition

ProductionAssistant

Executives Managers Admin

2012-13 2013-14

54%

55%

26%

25%

10%

10%

10%

10%

% a

ge

Training and Development

A strong emphasis is given on enhancing the skills set of the existing and new staff.We are committed to give our employees the opportunity to augment their technical and professional capabilities.

Growth PlanFor each employee we develop an on-going development plan that focuses on training that is closely connected with the type of work to be performed and is supervised by managers in the area where the person in employed.

Where necessary, we send our employees overseas to develop their technical expertise.

The training plan is mapped annually by all department heads and during this tenure the results achieved and new objectives is shared with employees.

The training courses are focused on the following areas:

Ÿ EthicsŸ ProcessesŸ LanguageŸ Technical and professional issuesŸ DevelopmentŸ Health and SafetyŸ Quality principlesŸ Environment Aspects and ImpactsŸ Risk assessment

Training is carried out by a team of experienced internal trainers and when required external help of renowned agencies is taken

Training Hours (Internal and External)

6502013-14

3002012-13

0 200 400 600 800

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Diversity and Inclusion

Each one of us belongs to a different caste, religion, region and speaks different languages;

MMTC-PAMP India recognizes the fact that we are all one. Inclusion of people from diverse background has led to the spirit of health completion whereby the employees creates sustainable growth and helps in building a strong Organization. We include our employees and their families by engaging with them in the form of cultural events, sports events, blood donations camps, etc.

This allows our employees to be in a state of being valued, respected and supported continuously. We believe it’s all about focusing on the needs of every individual and ensuring the right conditions are in place for each person to achieve his or her full potential.Inclusion is reflected in our culture, practices and relationships that are in place to support a diverse workforce.

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Corporate Social Responsibility

We understand the needs of our society and are committed to the betterment of our community by lending our helping hand in the areas like education, sanitation, health care etc. The first step towards social responsibility was embedded in the establishment of the plant in the most industrial backward district of Haryana area thereby giving growth and business opportunities to local community.

Contribution

Collective EffortsMMTC-PAMP collaborates with various agencies and government authorities to promote awareness in the society on the social and environmental aspects.

Member of Haryana Environmental Management Society.

Tie up with Haryana State Pollution Control Board for awareness on World Environment Day.

Collaboration with District Red Cross Society to facilitate health initiatives.

We collaborate with Rotary Club on a regular basis.

In June 2013, a multi-day cloudburst centered on the North Indian state of Uttarakhand caused devastating floods and landslides in the country's worst natural disaster since the 2004 tsunami. More than 5,700 people were presumed dead and capital; infrastructure worth cores of rupees was washed away. Being a company attached to the roots of the nation, every employee donated their one day salary and the company gave a sum equivalent to the sum of the employee salary.

On the basis of series of assessment in our area of operation, we have identified health care as a prime concern of community. We conduct regular free health checkup, organize blood

pmac noitano

d d

ool

B

Contribution for anim

al w

elfa

reCSR

Field of activity

Health Care

Education

Safety

Others

60%20%

10%

10%

Corporate Social Responsibility - Expenditure

Being a company which believes in building society along with finances, we contribute actively in various aspects that impact our society and the country at large.

Target for the year 2014-15 Rs 10 Million

Expenditure

Mil

lio

n I

NR

02012-13 2013-14

2.30.18Amount in rupees

0.5

1

1.5

2

2.5

26

Health And Safety

Health and Safety at work are our top priorities, and we are continuously improving our safety systems, assessing our risk matrixes to ensure a risk free work environment.

As an outcome of trainings, which aimed at ensuring compliance with procedures necessary to do one`s work, and the safety team monitoring the safety and potential dangers we are committed to mitigate all possible work related risks.

We conduct regular fire-fighting and mock drills to check the emergency preparedness. The emergency procedures are analyzed on a regular basis, changed as when required and are made understood to all employees.

Safety committee meeting is held on a quarterly basis to discuss the safety related issues and improvement suggestions.

Periodic medical examination of all employees is undertaken by qualified doctors.

TLD Badges are used to monitor the X-Ray dosages of all employees engaged at locations with X-rays.

New initiatives like Find and Fix dangerous spots have been initiated to encourage employees towards innovation thinking in field of health & safety.

First Safety week was observed during the reporting period at MMTC-PAMP

The Lost Time Injury Frequency Rate (LTIFR) is equal to the number of lost time injuries per million hours worked (number of lost time injuries in accounting period/total hours worked in accounting period x 10, 00,000). The decline in the rate is due to the continuous improvement safety model being followed, the increase in safety trainings and audits.

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Loss Time InjuryFrequency Rate (LTIFR)

5.00

4.00

3.00

2.00

1.00

0.002012-13 2013-14

3.30

4.60

Suppliers

This covers the suppliers of consumables and capital investment; it excludes supply of Dore’ (raw material)

In line with our sustainability strategy, we intend to achieve more with less. To do this, we have introduced an updated, five step Responsible Supply Chain Process. This focuses on two main Challenges, first, to ensure that all of our suppliers comply with our defined sustainability standards. Second, we aim to purposefully work with our strategic suppliers to continuously improve sustainability standards in our value chain – for example, through knowledge transfer and continued education about process optimization, resource efficiency, and environmental and social standards.

We carefully assess technical, economic, organizational and environmental requirements when selecting suppliers. In addition, a supplier’s proximity, quality and cost are also key assessment parameters, Over 70% of our suppliers are located in India.

Purchasing

Our suppliers and business partners conduct themselves in a manner consistent with our sustainability requirements. In selecting and developing our suppliers and other business part-ners, we consider their performance in regard to sustainability.

Preferences are given to suppliers manufacturing goods using recyclable material and are educated on the importance of bringing recyclable material in their production process.

2012-13

2013-14

28

NCR

Rest of India

Overseas Supply

NCR

Rest of India

Overseas Supply

66%23%

11%

70%20%

10%

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“MMTC-PAMP India recognizes our day-to-day operations impact the environment. We are committed to

reducing this level of impact wherever possible, embracing the principles of sustainable development”

ENVIRONMENT COMMITMENT

Environment Impact Assessment

Our commitment goes well beyond mere compliance with current regulations by implementing an environmental management program aimed at seeking optimal solutions that combine efficiency with respect for our surroundings. In this regard we consistently better regulatory stipulations, both in terms of frequency of tests and results achieved.

MMTC-PAMP India is ISO 14001:2004 certified - the internationally recognized standard for the environmental management of business – and best practice is actively promoted within the company.

Our respect for the environment is translated into a daily commitment that consists of shared rules and objectives to be achieved.

We reduce the impact of our business on our surrounding environment as much as possible by placing dedicated controls. This requires not only monitoring the refuse and waste produced, but also adhering to rules shared by our organization.

We have an internal team dedicated to environmental management that constantly monitors the impact of our company's operations on the environment.

During the previous financial year, on the basis of the environmental management programs established, we made two significant investments:

An in-house environment Laboratory to enhance the testing frequency for better compliance inaugurated in February, 2014

A solar pond for treatment of wastewater

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Energy Consumption

The process of electrolytic refining is energy consuming, recognizing this we look at all possible methods to reduce the consumption.

In the reporting year the total energy consumption stood at 5282 MWh vs. 4968 MWh for the year 12-13. The slight increase in consumption is due to the running of recovery process in the reporting year.

Processing precious metals demands continuity of electric supply, being located in the most backward industrial area it is hard to get constant supply from grid as there are regular load shedding and fluctuations. For this reason we have to depend on DG sets which contribute to 27 percent of energy consumption.

Gas fuels are used to heat facilities and provide heat during certain chemical processes.

Since electricity is our main source of energy, we are constantly monitoring its use. We have devices that transform and optimize incoming current, resulting in more efficient consumption.

Use of alternate sources of energy is encouraged and we are continuously looking for alternate sources of energy, in the reporting year a total of 19 mw/year electricity was generated through our solar cells.

An annual preventive shutdown is planned to ensure all machines are in perfect condition and to check for any defects that may have occurred due to continuous operations.

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550500450400350300250200150100

500

Un

it (

mw

h)

Electricity Consumption for the Year 2013-14

DHVBN (mwh)

HSD (mwh)

SOLAR (mwh)

APR

444.9

68.18

3.12

523.2

51.58

2.86

MAY JUN JUL AUG SEP OCT NOV DEC JAN FEB MAR

465

95.69

2.59

436.1

159.7

2.13

359.3

146.3

1.53

326.1

141.1

1.88

237.5

153.6

1.05

251.8

95.5

0.37

9.86

2.23

0.03

340.7

0.01

0

300.1

28.75

0.55

326.1

32.24

2.24

Sources of Energy

Electricity

Diesel

Gas70%

27%

3%

Water Consumption

Water plays a very significant role in the chemical process (refining) a key element of our business.

Water is used during manufacturing processes, since it is necessary for chemical and electrolytic refining processes, for washing finished goods, cooling equipment and for ordinary service functions. We take pride in announcing that we are a ZERO discharge unit i.e. the water drawn is used, reused, recycled and finally used for vegetation purposes. Not even a drop of water is released to the outside environment; water is pushed back in the ground with the help of a complex rain water system installed.

Resource Conservation Measures1. Rain water Harvesting is being practiced, the integrated system contains 21 rain water recharge pits (size 2 X 2 X 2 M) filled with graded filter media, all suitably located and spaced out in the peripheral reinforced concrete trench protecting the external boundary wall. Each water recharge pit comprises of a 15 meter deep, 210 mm diameter perforated PVC pipe. Overflow of all these recharge pits flows into 02 Dug wells.

2. Solar Water HeaterFor admin BlockThree Sol hart 302J systems each with two sunray collector panels size 2MX1M and one 300 Liter hot water storage capacity tank

For Kitchen443J system with 03 Sunray collector panels each size 2MX1M with 440 Liter hot water storage capacity tank.

3. 30.4 KWP Solar Power Plant having 168 No`s of 24V/ 180Wp Mono-crystalline Solar Modules with GSM modem and communication software for remote monitoring is installed for generating electricity for alternate street lights along the boundary of the plant. The operation is controlled by solar sensors.

5. Expansion in processing capacity of ETP-STP Plant from 45m3/day to100m3/day to support the rise in production capacity.

6. Maintaining power factor at 0.99 with the use of harmonic filters resulting in less number of electricity fluctuations.

7. Tree Plantation Campaign to increase the green cover.

8. All urinals are equipped with automatic water flusher.

9. All water storage tanks fitted with water level indicator to avoid overflow.

10. All external windows are double glazed to limit the heat load.

11. Delay timer is installed to control the tripping of power, thereby ensuring better efficiency.

Tree plantation campaign

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Waste Management

Industrial production processes inevitably produce waste materials. Realizing their potential impact on the environment, we take all measures necessary to treat and monitor them.

Waste Generation

Our industrial activity inevitably produces mainly three different types of waste.

1. Hydrated Mud (Salt): A hazardous material under schedule -1 , category 7.4 is a byproduct of the crystallization process. The salt is collected in bags and transported as per the Hazardous waste management rules of the Indian legislation. MMTC-PAMP has a tie up with Gujrat Enviro Protection & Infrastructure Pvt. Ltd. (GEPIL) for disposal of hazardous waste.

2. Filter press Sludge: Sludge is a byproduct of the manufacturing process. The sludge is collected, dried, stored in containers, which are sent to Germany for recovery of its Copper content.

3. Organic waste: Kitchen and horticulture waste is used as raw material for vermicompost where Worms convert raw material into organic manure. We use vermicompost as organic manure in our kitchen garden, herbal garden, flower beds, fruit plants and lawns. Besides this the STP sludge is used as manure for cultivation.

(Conversion of organic waste to manure in the Vermicomposting plant at MMTC-PAMP)

Composition of Hazardous Waste

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Production Waste(Sludge)

Hydrated Mud(Salt)

Spent Lubricants

76%

23%

1%

Water Discharge

Each day we do the analyses necessary to ensure that the water conforms to the parameters set by Central pollution Control Board (CPCB) and Haryana State Pollution Control Board (HPCB). The following water analyses are carried out at our Environment Lab:

· Water at ETP/STP Inlet· Water at ETP/STP outlet· Drinking Water

Water used during manufacturing processes that comes into direct contact with the equipment, metals and chemical substances used for different types of processing is treated using a two stage treatment process in the Ecology department. Using a special treatment, we are able to recover materials dissolved in the water, making it possible to leave mainly salts in the water during the first stage and then with the use of a crystallizer salt is taken out leaving only treated water to ETP plant for further processing and final release for vegetation purpose after following the cycle of use and reuse.

Due to measures installed, we maintain the pH well within our internal limits which are much more stringent then the limits set by CPCB (Central Pollution Control Board). (See the graph)

10.00

9.00

8.00

7.00

6.00

5.00

4.00

3.00

2.00

1.00

0.00

AprM

ayJu

n Jul

AugSep

OctNov

DecJa

nFeb

Mar

CPCB Lower Limit

Internal Lower Limit

pH

Internal Upper Limit

CPCB Upper Limit

ETP-STP_pH Analysis

34

Emission

Not even one cubic meter of air is discharged in atmosphere without treatment.

Precious metal refining processes result in the emission of certain gaseous substances into the atmosphere, mainly consisting of nitrous oxides. To minimize our environmental impact, we have systems that make it possible to monitor nitrous oxides in the air discharged externally. Weekly monitoring of emissions, sophisticated suction systems and a new Jet bag filter unit installed during the last financial year, are contributing to the achievement of satisfactory results.

There are a total of 09 air scrubbers and 3 jet bag filters (for suction of heavy carbon fumes) operational round the clock.

Using specific analytical instruments, we continually monitor our emission levels and are regularly subject to the audits by the Haryana State Pollution Control Board.

The graph depicts the YOY comparison ofNox Emission at our site.

35

Nox Emission Level Outdoor Air(2013-14 avg.)

90

80

70

60

50

40

30

20

10

0

Mg

/Nm

3

StackEmission

Ambient Air

19.6

80.00

21

80.00

Nox(mg/Nm3)

NAAQS Limit

90

80

70

60

50

40

30

20

10

0

Nox Emission Level Indoor Air(2013-14 avg.)

Mg

/Nm

3

Indoor Air12.5

80.00

Nox (mg/Nm3) NAAQS Limit

In March 2014 we set up a laboratory for Environment Testing. The laboratory is equipped to test the

water (ETP-STP inlet and outlet, drinking and RO), air (in-house and ambient), noise and overall weather

monitoring. The results are communicated to key personnel on a daily basis via email.

The following parameters are tested in the environment lab along with the frequency at MMTC-PAMP

(we routinely exceed not only the frequency of testing but also the end results achieved):

MMTC-PAMP India is amongst the very few plants in India to have an in-house Environment Lab.

We will continue to develop new innovative means to cut down the consumption of natural resources and to develop advanced controls for safeguarding the environment.

36

There are inherent limitations to the accuracy of environmental and social data. Environmental data is for our direct emissions unless otherwise stated.

Rupee currency in the report refers to Indian Rupee.

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MMTC-PAMP INDIA PVT. LTD

C-27, 3rd. Floor Qutab Institutional Area New Delhi 110 016 India

T +91 11 4968 4200 F +91 11 4968 4201www.mmtcpamp.com

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MMTC-PAMP

WORKS:Rojka-Meo Industrial Estate, Tehsil Nuh,District Mewat, Haryana- 122103, IndiaTel: +91-124 -2868000

CORPORATE OFFICE: C -27, 3rd Floor, Qutab

Institutional Area, New Delhi 110 016, India Tel: +91-11- 49684200

Email: info@mmtcpamp.com Website: www.mmtcpamp.com