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Bannari Amman Spinning Mills Ltd.

BSE: 532674 Sector: Industrials
NSE: BASML ISIN Code: INE186H01014
BSE LIVE 15:09 | 21 Nov 322.00 -3.00
(-0.92%)
OPEN

325.00

HIGH

328.00

LOW

318.00

NSE 15:31 | 21 Nov 320.00 -4.00
(-1.23%)
OPEN

325.00

HIGH

325.00

LOW

315.20

OPEN 325.00
PREVIOUS CLOSE 325.00
VOLUME 82
52-Week high 356.00
52-Week low 251.00
P/E 26.29
Mkt Cap.(Rs cr) 507
Buy Price 321.00
Buy Qty 1.00
Sell Price 322.00
Sell Qty 99.00
OPEN 325.00
CLOSE 325.00
VOLUME 82
52-Week high 356.00
52-Week low 251.00
P/E 26.29
Mkt Cap.(Rs cr) 507
Buy Price 321.00
Buy Qty 1.00
Sell Price 322.00
Sell Qty 99.00

Bannari Amman Spinning Mills Ltd. (BASML) - Chairman Speech

Company chairman speech

BANNARI AMMAN SPINNING MILLS LIMITED ANNUAL REPORT 2008-2009 CHAIRMAN'S REPORT Dear Shareholders, The Indian textile Industry is facing a challenging environment in the face of global recession, increasing raw material prices and the drastic curtailment of power supply. While recession has caused a significant dip in exports in the last two quarters of 2008 and a consequent decrease in demand for textile products across the world, the more serious challenge facing us is the unavailability of power in the medium term, a critical factor for our power intensive industry. Our company has implemented a slew of cost optimizing and efficiency boosting measures in this period, shielding us to an extent from the full brunt of the negative factors affecting our sector. Our increased capacities have come into utilization as can be seen from the financial results. Our efforts to create more visibility for our products and to value add across product categories will stand us in good stead in the years to come. We have increased our market outreach activities and are confident of an improved scenario in the coming years. (S V BALASUBRAMANIAM) Chairman