The company’s R&D department is pleased to announce receipt of advanced refund for FY24 (Fiscal Year 2024) which is aimed to speed up the automation and safety systems of the pilot plant. The advanced refund will be primarily utilised to develop and implement key technologies that will significantly enhance the pilot plant’s production efficiency and safety performance.
This advanced refund will facilitate in the quick execution of the project and will alleviate the need for significant internal or external financing. The major advantage being, it will allow for expedited deployment of state-of-the-art technologies to the pilot plant. These technologies will automate much of the plant operations, leading to an increase in volume of output, whilst maintaining the highest quality.
Moreover, the refund will also contribute to investing in safety systems. The safety of our workforce has always been a pillar of the company’s values and this fiscal refund will allow the company to further strengthen the safety regulations and procedures in place. By implementing advanced safety measures, risks will be minimized resulting in a better environment for our employees.
In a nutshell, the advanced R&D refund for FY24 will act as a catalyst in accelerating the pilot plant’s automation and safety systems. This initiative marks an important step in the company’s journey towards technological advancement and top-notch safety standards. It will have a positive impact on the company’s productivity, efficiency, safety and overall growth.
