Stock Report

Galaxy Surfactants Ltd becomes Water Positive

Posted On : 2022-03-22 17:58:16( TIMEZONE : IST )

Galaxy Surfactants Ltd becomes Water Positive

Galaxy Surfactants Ltd, one of the largest manufacturers of performance surfactants and Specialty Care Products in the country has achieved the status of being a water-positive company. Commemorating World Water Day, 2022, Galaxy Surfactants emerged as among the few Indian companies to achieve water positive certification and become 1.4X water positive.

The certification was granted by DNV Business Assurance India Private Limited which carried out verification of Galaxy's Water Accounting Data for its operational plants at Tarapur, Taloja and Jhagadia and Corporate Office at Navi Mumbai in India. According to the data, Galaxy Surfactants restored 4,15,261 (CuM) cubic metres of water back to the environment in comparison to its withdrawal of 2,97,513 CuM of water.

India is home to 18% of the global population but only possesses 4% of the global water resources. According to OECD, by 2050, the consumption of water by manufacturing industries will be 400% of what it was in 2000. Galaxy Surfactants, with the principles of Water Stewardship, has directed its operations to ensure the usage of water, socially and culturally equitable, environmentally sustainable, and economically beneficial.

On this achievement, Mr K. Natarajan, Executive Director & COO of Galaxy Surfactants said, "Sustainability lies at the core of our business. Through water stewardship, we have always aimed to ensure that our business practices align with the needs of the community. Our goal is to not just remain Water Positive and Water Secure, but to bring in a greater positive change in the environment for the larger good of the society."

DNV adopted a risk-based approach and conducted the onsite and off-site evaluation of the qualitative and quantitative information and Water Debit and Credit data presented in Galaxy Surfactants' Water Report. Accordingly, Galaxy Surfactants obtained a water balance index of 1.40, a rare achievement by a Chemical company.

Shares of Galaxy Surfactants Limited was last trading in BSE at Rs. 2936.05 as compared to the previous close of Rs. 2975.95. The total number of shares traded during the day was 1312 in over 422 trades.

The stock hit an intraday high of Rs. 2982.85 and intraday low of 2879.85. The net turnover during the day was Rs. 3855044.00.

Source : Equity Bulls


GalaxySurfactants INE600K01018 WaterPositive