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Century Textiles & Industries Ltd.

BSE: 500040 Sector: Industrials
NSE: CENTURYTEX ISIN Code: INE055A01016
BSE LIVE 15:53 | 24 Mar 1010.95 2.35
(0.23%)
OPEN

1014.00

HIGH

1019.25

LOW

1007.00

NSE LIVE 15:50 | 24 Mar 1011.95 4.40
(0.44%)
OPEN

1013.00

HIGH

1019.00

LOW

1006.10

OPEN 1014.00
PREVIOUS CLOSE 1008.60
VOLUME 66742
52-Week high 1042.50
52-Week low 508.40
P/E 173.40
Mkt Cap.(Rs cr) 11292.31
Buy Price 1015.00
Buy Qty 486.00
Sell Price 0.00
Sell Qty 0.00
OPEN 1014.00
CLOSE 1008.60
VOLUME 66742
52-Week high 1042.50
52-Week low 508.40
P/E 173.40
Mkt Cap.(Rs cr) 11292.31
Buy Price 1015.00
Buy Qty 486.00
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