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Century Textiles & Industries Ltd.

BSE: 500040 Sector: Industrials
NSE: CENTURYTEX ISIN Code: INE055A01016
BSE LIVE 15:45 | 28 Apr 1129.90 -11.35
(-0.99%)
OPEN

1140.00

HIGH

1145.00

LOW

1121.65

NSE 15:45 | 28 Apr 1128.55 -12.40
(-1.09%)
OPEN

1138.85

HIGH

1144.50

LOW

1120.55

OPEN 1140.00
PREVIOUS CLOSE 1141.25
VOLUME 63012
52-Week high 1154.00
52-Week low 580.25
P/E 193.81
Mkt Cap.(Rs cr) 12620.98
Buy Price 1129.90
Buy Qty 3.00
Sell Price 0.00
Sell Qty 0.00
OPEN 1140.00
CLOSE 1141.25
VOLUME 63012
52-Week high 1154.00
52-Week low 580.25
P/E 193.81
Mkt Cap.(Rs cr) 12620.98
Buy Price 1129.90
Buy Qty 3.00
Sell Price 0.00
Sell Qty 0.00

Century Textiles & Industries Ltd. (CENTURYTEX) - Chairman Speech

Company chairman speech

Dear Shareholders

In today’s fluid global economic scenario India is somewhat better placed amongemerging economies. The Union Budget 2016-17 has given a boost to the critical areas ofagriculture education rural development and infrastructure particularly the roadsector. That takes us a step closer in the direction of an economic recovery. By adheringto fiscal prudence the Finance Minister has paved the way for the RBI Governor to reducethe future interest which will lead to revival of investment in infrastructure andindustry. With political stability at the centre and the government committed to desiredreforms it is expected that better economic growth will emerge in the coming years.

Due to subdued cement demand and over capacity in the industry there has been pressureon capacity utilization and cement prices. This coupled with increased interest cost dueto commissioning of new units has impacted the performance of our Company. In view of theexpected improvement in our economy prices and demand for products of our Company shouldimprove in future.

I would like to extend my gratitude to all our stakeholders including shareholderscustomers lenders and our loyal hard working and committed employees for theircontinued support and faith in the Company.

B. K. Birla

Chairman