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Century Textiles & Industries Ltd.

BSE: 500040 Sector: Industrials
NSE: CENTURYTEX ISIN Code: INE055A01016
BSE LIVE 15:52 | 23 Feb 946.20 20.60
(2.23%)
OPEN

925.00

HIGH

949.40

LOW

917.40

NSE LIVE 15:48 | 23 Feb 946.00 20.00
(2.16%)
OPEN

924.15

HIGH

950.00

LOW

916.20

OPEN 925.00
PREVIOUS CLOSE 925.60
VOLUME 158422
52-Week high 1037.25
52-Week low 403.80
P/E 162.30
Mkt Cap.(Rs cr) 10569.05
Buy Price 946.20
Buy Qty 174.00
Sell Price 0.00
Sell Qty 0.00
OPEN 925.00
CLOSE 925.60
VOLUME 158422
52-Week high 1037.25
52-Week low 403.80
P/E 162.30
Mkt Cap.(Rs cr) 10569.05
Buy Price 946.20
Buy Qty 174.00
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