Shrinivas V Dempo
Dear Shareholders,
It gives me great pleasure to address you once again, following another
year of strong growth and meaningful achievements at Automobile Corporation of Goa Limited
(ACGL). FY 2024-25 has been a year defined by steady progress, strategic advancements, and
a passionate commitment to our long-term vision.
We closed the year with a robust revenue from operation of Rs. 660.77
Crore, reflecting a commendable 13% growth over the previous year. Our Profit After Tax
rose impressively by 25% to Rs.46.97 Crore- a testament to disciplined execution,
deep customer focus, and operational agility. This financial performance demonstrates not
just our resilience but our passion for creating sustainable value for all stakeholders.
Demonstrating our readiness for the future, we have transformed our commitment to
innovation and sustainability into tangible action through the prototype development of
advanced electric vehicle platforms. This includes a 12-meter AC coach and a low-floor
electric bus, both meticulously designed for optimal efficiency, passenger comfort, and
environmental responsibility. Our proactive focus on
STU and Defence vehicles further aligns our manufacturing capabilities
with evolving market needs and positions us for future growth opportunities.
Sustainability remains at the core of everything we do. This year, we
replaced diesel ovens with electric ones in our plants, significantly improving energy
efficiency and reducing fossil fuel use — cutting approximately 1.5 tons of CO
emissions annually. Upgrading old pipelines with seamless stainless steel will reduce CO
leakage by about 30 tons per year. Our clean energy initiatives have also advanced, with
solar installations at Jejuri (780 kWp) expected to avoid 745 tons of CO annually, and a
solar project underway in Goa projected to save around 535 tons. These efforts reflect our
passionate pursuit of reducing our carbon footprint and enhancing energy resilience.
Our vision to become a zero-waste-to-landfill company by FY
2025–26 is well underway. Systems are being implemented to responsibly divert food,
hazardous, and non-recyclable waste via composting, co-processing, and recycling. Our plan
to install of a 100 kg/day organic waste composter is well underway which shall be another
milestone in this journey.
Water conservation and responsible usage are priorities for us as well.
Several projects have been conceived and are under execution to help in our journey of
achieving zero liquid discharge (ZLD). While the year presented challenges such as rising
input costs and a dynamic industry landscape, our passion for excellence, strategic
foresight, and unwavering dedication turned these into opportunities for continued
progress and resilience.
To our employees, customers, partners, and shareholders — your
support and trust fuel our passion to innovate, excel, and lead. Together, we are not just
building buses; we are shaping the future of passenger transportation in India and beyond.
Thank you for your continued belief in ACGL?s vision.
Warm Regards,
Shrinivas V Dempo