Dear Shareholders 2016-17 was a milestone year for the company when it got listed onthe National Stock Exchange SME platform on November 16 2016. After running the businessfor over several years as a closely held family business the company went public to sharethe fruits of its success with the public at large. Getting publicly listed has opened anew chapter in the life of the company with new opportunities and new challenges ahead.
This year has been a dynamic one for India with the economic activities shaped by taxreforms normal southwest monsoon after two preceding drought years globally weakcommodity prices and demonetization drive. It is heartening to see Agriculture sectorreturning to higher growth numbers as policy push and near normal monsoons boostedsowings and consequent consumption. Agriculture being the mainstay of Indian societyclosely drives the fortunes of around half a billion livelihood. As we stand today theUrban-Rural economic divide though less distant is still evident. Government's ambitioustarget towards doubling the farmer income by 2022 is a positive step forward and we atAgro Phos firmly believe and practice this vision of enhancing prosperity of our farmers.We constantly endeavour and partner towards driving the agrarian shift from subsistence tocommercial nature of farming.
We are pleased to report a steady growth in our financial and operating performance inthe year gone by. We have entered into an exclusive marketing agreement with IPL forsupply of our products SSP (40000 +/- 10%mt per annum) and NPK (25000 mt perannum).During the fiscal year 2016-17total Revenue generation is of Rs. 801327357.04 ascompared to previous year figures Rs. 794131342.28.The Company is continuously innovatingon fertilizer products by use of state of art technology to help farming community.
Lastly I wish to thank the shareholders for showing their undeterred support businessassociates for allying through our journey and employees for being Company's growth engineWhile the public listing opens up opportunities for us to take the business to newheights it also adds additional challenges for the Company to meet increased expectationsfrom all our stakeholders. We have laid strong foundations over the previous years and weare confident of meeting and exceeding the expectations. We believe we have a compellingstory and we look forward with great passion to the future creating greater value for ourshareholders.