This document nominates a team from the Pune plant for the Chairman Award 2008 for their project to refurbish a discarded hot melt extruder. The team saved the company Rs. 5.5 million in capital expenditures by refurbishing the machine for Rs. 1.5 million instead of purchasing a new one for Rs. 7 million. Refurbishing the machine allowed the company to acquire new business worth Rs. 60 million and maintain a competitive advantage in the air filter segment. The nomination document provides details of the project, including the process followed to refurbish the machine and integrate new control systems. It is recommended that the team be recognized for their efforts in taking on the challenge of refurbishing the extruder to