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Century Textiles & Industries Ltd.

BSE: 500040 Sector: Industrials
NSE: CENTURYTEX ISIN Code: INE055A01016
BSE LIVE 15:42 | 24 Nov 1332.85 7.75
(0.58%)
OPEN

1326.00

HIGH

1343.00

LOW

1326.00

NSE 15:54 | 24 Nov 1333.80 7.15
(0.54%)
OPEN

1335.00

HIGH

1344.30

LOW

1327.85

OPEN 1326.00
PREVIOUS CLOSE 1325.10
VOLUME 20367
52-Week high 1421.00
52-Week low 716.80
P/E 65.59
Mkt Cap.(Rs cr) 14,888
Buy Price 0.00
Buy Qty 0.00
Sell Price 1332.85
Sell Qty 114.00
OPEN 1326.00
CLOSE 1325.10
VOLUME 20367
52-Week high 1421.00
52-Week low 716.80
P/E 65.59
Mkt Cap.(Rs cr) 14,888
Buy Price 0.00
Buy Qty 0.00
Sell Price 1332.85
Sell Qty 114.00

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

Company chairman speech

Dear Shareholders

The Indian economy witnessed gradual momentum in the year 2016-17 and it is expected toaccelerate in future years in view of the Government's continuous efforts to push variousfinancial and agricultural reforms including technological improvements across allsectors etc. RBI's focus on controlling inflation increasing overall demand by reducingcost of lending etc. is continuing. Further the Union budget proposals have brightenedthe prospects for the national economy to grow with plans that are expected to boostinvestor confidence and provide impetus to the rural economy which should improve overalldemand.

One of the most variable and a critical factor for our diversified businesses isreducing the cost of manufacture and our Company has taken various initiatives for costoptimization and increasing efficiency amongst other measures which have contributed toimproved performance. In anticipation of the expected revival of our economy the demandand prices of various products manufactured by the Company are likely to improve further.

I extend my sincere thanks to all our stakeholders including lending banksshareholders customers and our loyal hardworking and committed employees for theirunstinted support in shaping and improving the performance of the Company.

B. K. Birla

Chairman