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*YRF Entertainment achieves environmental milestone with waste management for their globally hit show, The Railway Men!*

Netflix & YRF Entertainment’s tentpole series, The Railway Men, a thrilling tale of heroism, hope & humanity is a huge hit already. The globally hit show, a 4-part mini-series that premiered on November 18, is a runaway success story riding on unanimously positive reviews from media & audiences across the world! The Railway Men is a thrilling tale of heroism, hope & humanity! It is the first from the partnership between Netflix & YRF Entertainment. The Railway Men is a story of extraordinary heroism demonstrated by the employees of the Indian Railways in Bhopal on the fateful night of the Bhopal Gas Tragedy! These self-sacrificing individuals rose against all odds and put their lives at risk to save fellow citizens while battling an invisible enemy in the air.

A YRF Entertainment production, the team of The Railway Men successfully executed filming on a near zero-waste set! Film and web series productions traditionally generate substantial waste, including plastics, disposables, paper, and excess food. Despite the challenges presented by a large cast, a humongous set, and scores of crew members manning the shoot, YRF Entertainment significantly reduced its carbon footprint on the sets at Kalina, Mumbai!

Between December and March, the production generated 19,786 kgs of waste. Remarkably, 19,311.2 kgs, was responsibly recycled, composted, or donated! Only 417.7 kgs was handed over to the municipality as waste thereby setting a benchmark within the industry. The team implemented a systematic approach towards waste management, utilizing color-coded bins in English and Hindi for efficient segregation. Ground crews received comprehensive training on collecting and sorting recyclable waste.

Yogendra Mogre, Executive Producer, YRF Entertainment, said, “Our industry must do its bit to reduce the carbon footprint on the sets of our projects. YRF has always been a company that looks to walk the talk and we are delighted that the team of The Railway Men, our global hit series, has set an example within the fraternity with regards to creating conscious shooting habits that also protect the environment. I would like to congratulate and thank the entire team for being responsible citizens and for our agency Skrap Management to have executed this for us. Everyone on the set cooperated towards this feat.”

The production also embraced sustainable practices such as using recyclable cutlery and crockery and limiting meal quantities to reduce food waste. Over 7000 kgs of excess food were donated to low-income communities. What sets The Railway Men apart is that only 0.6% of the waste was sent for co-processing or incineration, underlining YRF’s remarkable commitment towards environmental sustainability. Inspired by true stories, this gripping series is a celebration of the indomitable spirit of humanity. It features a stellar ensemble cast, including R Madhavan, Kay Kay Menon, Divyenndu, Babil Khan, Juhi Chawla, and Mandira Bedi, among others.

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Yarn Manufacturer Sanathan Textiles refiles DRHP to raise Rs 800 crs Mumbai-based Sanathan Textiles, one of the few companies in India having a presence across the polyester, cotton, and technical textile sectors has refiled its draft red herring prospectus (DRHP) with the market regulator Securities and Exchange Board of India (SEBI) to raise Rs 800 crore through its Initial Public Offering (IPO). The IPO with a face value of Rs 10 comprises of fresh issue of equity shares aggregating up to Rs 500 crore and an offer for sale of up to Rs 300 crore by Promoters and Promoter Group. The offer for sale consists of the sale of equity shares of up to Rs 61.87 crore by Paresh Vrajlal Dattani, Rs 69.35 crore by Ajay Vallabhdas Dattani, Rs 71.12 crore by Anilkumar Vrajdas Dattani, Rs 74.37 crore by Dinesh Vrajdas Dattani, Rs 50 Lakh by Vajubhai Investments Private Limited, Rs 50 Lakh by Vallabhdas Dattani HUF, Rs 4.5 crore by Sonali Ajaykumar Dattani, Rs 50 Lakh by Dattani Dineshkumar Vrajdas HUF, Rs 7 crore by Beena Paresh Dattani, Rs 3.5 crore by Anilkumar Vrajdas Dattani HUF, Rs 6 crore by Paresh Kumar V Dattani HUF, Rs 25 Lakh by Jayshree Anilkumar Dattani, Rs 2.5 Lakh by Ajay Kumar V Dattani HUF, and Rs 50 Lakh by Vallabhdas Dattani. Additionally, the company, in consultation with the lead bankers to the issue may consider a pre-IPO placement of equity shares aggregating up to Rs 100 crore. Proceeds from the fresh issue of shares will be used to the extent of Rs 175 crore for repayment or pre-payment, in full or in part, of certain of its outstanding borrowings availed by the Company, Rs 210 crore for investment in its subsidiary viz. Sanathan Polycot Private Limited for funding its long-term working capital requirements besides general corporate purposes. Sanathan Textiles operates three distinct yarn business divisions: Polyester yarns, cotton yarns, and yarns for technical textiles and industrial applications. These divisions are currently managed under a single corporate entity. The company specializes in value-added yarn products, including dope-dyed, superfine/micro, functional, industrial, and technical yarns, as well as cationic dyeable and specialty yarns. These products result from extensive in-house research efforts. For the nine months ended December 31, 2023, value added products sold as a % of Total products sold stood at 48.50% which is significantly higher than 41.97% in Fiscal 2021. Additionally, in FY22 it has also started its sustainable textile initiative under the brand Sanathan Rivero where it recycles waste plastic bottles and converts them into yarns for fabrics The Products are manufactured at the Silvassa facility, which has grown its capacity significantly to 223750 metric tonnes per annum (MTPA) as of December 31, 2023, from 213,725 metric tonnes per annum (MTPA) in Fiscal 2021 at the Silvassa facility across the three yarn divisions. Recently it has acquired 80 acres of land in Wazirabad, Punjab where it is at an advanced stage to commission a greenfield facility that will manufacture Polyester yarn products and will increase its capacity by 550 tonnes per day to 1500 tonnes per day. As of December 31, 2023, Sanathan Textiles had developed over 2,800 active varieties of yarn products and maintained more than 30,000 stock-keeping units (SKUs). The company’s manufacturing capabilities encompass a diversified product range of over 14,000 yarn varieties and more than 190,000 SKUs, serving various end uses. Over the years, the Mumbai-based company has established long-standing relationships with consumer brands such as Welspun India Limited, Valson Industries Limited, G.M. Fabrics Private Limited, and many more. In terms of customer reach, the company served 1,466 customers during the nine months ended December 31, 2023, and 1,684 customers during Fiscal 2023. Sanathan Textiles has a strong international presence, exporting its products to 26 countries during the nine months ended December 31, 2023, and 29 countries throughout Fiscal 2023. It has a network of over 902 distributors across seven countries, including India, Argentina, Singapore, and Portugal. The share of Domestic operations as a % of revenue from operations have increased from 87.39% in Fiscal 2021 to 95.60% for the nine months ended December 31, 2023, bringing down the share of exports as a % of revenue from operations to 4.40% for the nine months ended December 31, 2023 from 12.61% in Fiscal 2021. The companies consolidated revenue from operations during the fiscal year 2023 increased 4.52% to Rs 3,329.21 crore from Rs 3,185.32 crore in the previous year. Profit after tax was Rs 152.74 crore for the financial year 2023. For the nine months ended December 31, 2023, revenue from operations stood at Rs 2201.37 crore, and profit after tax stood at Rs 81.59 crore. Its total borrowings reduced from ₹ 541.16 cr on April 1, 2021 to ₹ 374. 01 cr on February 29, 2024. Dam Capital Advisors Limited and ICICI Securities Limited are the book-running lead managers and KFin Technologies Limited is the registrar of the issue. The equity shares are proposed to be listed on BSE and NSE.

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