December 29, 2023

2023 in Review: Our Top Five Memorable Milestones

The year 2023 was a very eventful one for AMIH, packed with happy surprises, remarkable achievements and some ground-breaking milestones. We felt truly empowered because we emerged with so many wins despite the challenges posed by an uncertain geopolitical climate, disruptions in supply chains, the climate crisis, and volatile energy and raw-material prices, all of which impacted our operative businesses in different ways.

We realised that to stay rooted, we would have to acquire new tools. One of these was increasing our reliance on technology and innovation, which helped us pivot at every turn. We also learnt that for stability and success in the long run, we would have to further strengthen our focus on sustainability in our operations and products, and invest in people in a bigger way.

So, in the spirit of celebrating the year that was, we share five milestones that will be remembered by all our stakeholders, events that have made the AMIH family proud!

1

We marked a global first in sustainable manufacturing with the production of green soda ash by our group company, Tuticorin Alkali Chemicals & Fertilizers Limited (TFL). The company, which rolled out the first consignment of green soda ash on November 4, 2023, achieved this breakthrough by using cutting-edge carbon-capture technology at its plant in Thoothukudi, Tamil Nadu. We are boldly pushing boundaries to prioritise our ESG agenda, a mission we take very seriously.

2023 in Review: Our Top Five Memorable Milestones

2

In another major milestone, our flagship business SPIC was the first company in Tamil Nadu to supply fertiliser under the Indian government’s ambitious ‘One Nation One Fertiliser Scheme’. We have always been heavily invested in promoting self-sufficiency among our farmers and contributing to India’s food security. By being first off the blocks with our ‘Bharat Urea’ consignment, we demonstrated our steadfast commitment to nation-building and a more sustainable future.

3

Tamilnadu Petroproducts Limited (TPL) did us proud by becoming the first company in India to have its flagship product, Linear Alkyl Benzene (LAB), conferred BIS12795:2020 certification by the Bureau of Indian Standards.

LAB is a key ingredient in the manufacture of synthetic detergents and industrial cleaners, and TPL is the only authorised seller of LAB in the Indian market. The certification is a feather in our cap as it gives our LAB the government’s stamp of excellence.

2023 in Review: Our Top Five Memorable Milestones

4

When we say our ESG agenda is a key focal point at AMIH, we’re dead serious. Manali Petrochemicals took a huge step in this direction recently, when it renewed its long-term Gas Sale Agreement with Indian Oil Corporation Limited. This reaffirmed our commitment to environmental protection by ensuring the continued use of ecofriendly fuel – Regasified Liquefied Natural Gas (RLNG). We initiated this sustainable practice in 2019, a significant step towards a more environmentally responsible future.

5

At AMIH, we believe that a business truly succeeds when it benefits the larger society and the communities in its vicinity. This belief is at the heart of our group’s CSR arm, AM Foundation, which is doing a splendid job in the delivery of primary healthcare in rural India. The Foundation’s ‘Happy Periods’ project, aimed at women’s health and hygiene, has been a resounding success in raising awareness in menstrual hygiene in government schools in Tamil Nadu. The project is thoroughly inclusive, covering boys, girls and teachers. We believe that by creating a safe and inclusive atmosphere for girls in schools, we can help reduce the dropout rate among girl students

Are we incredibly ambitious? But of course! It’s what pushes us to be the best version ourselves.