Building Trust and Driving Value Creation
Deepak is committed to the highest standards of governance, integrity and ethical business practices. We have embraced world-class practices as well as robust governance and risk frameworks to achieve this. This is supported by an experienced and diverse Board having adequate independence to not only drive value creation, but also protect the interests of all stakeholders
Corporate Governance Philosophy
At Deepak, we have always upheld the belief that good governance has a pivotal role to play in the success of our business. We have been committed to ensuring the attainment of a high level of transparency and accountability in the functioning of the Company and promoting ethical business conduct at all levels and in our dealings with employees, shareholders, customers, depositors, creditors, financial institutions and other stakeholders. Embedding accountability supports effective decision-making while transparency provides all our stakeholders with the reasoning behind our decisions. This adherence to high governance standards allows us to retain the trust and confidence of our stakeholders.
Our corporate governance philosophy is also enshrined in the fundamental belief that compliance with regulatory requirements and international standards of corporate conduct allows us to create a sustainable enterprise. However, governance within Deepak entails far more than rules and regulations and best-practice principles. Good governance, we are of the view, must contribute to living our values and creating maximum shared value.
Ethics And Transparent Practices
Code Of Conduct
Strategic Focus Area
Development of new process and product, operational excellence and HSE performance will remain a key focus area for us. We have multiple initiatives lined up to strengthen our manufactured capital. We continue to work towards cost optimisation through backward integration and recycling as well as maximising asset utilisation for enhancing
return on investment. We are undertaking several ongoing capacity expansion Programmes for existing product and to build a pipeline of new products. Further, we focus on creating swing capacity, which will help us in operational flexibility regarding which product to manufacture based on market demand will also improve plant utilisation.