Message from Managing Director

Dear Shareholders,

This report comes on the heels of two consecutive years of challenges and disruptions. The economy witnessed a moderate recovery in economic activity accompanied by a clear revival of electricity demand. A swift pan- India rollout of immunization effort along with government interventions to address the economic slowdown and facilitated growth, spurred the resurgence in energy demand. However, newer COVID-19 variants, commodity price swings, and mixed responses to economic stimulus measures together posed material risks through FY 2021-22.

SGIL remained focused by steadfastly responding to these changing externalities. Our teams took proactive measures to confront a variety of challenges that emerged across our operations, people, and communities. We remained determined in the face of these trying times and stayed committed to our course towards a sustainable tomorrow.

Vipul Tuli

Managing Director