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Generic Engineering Construction & Projects Ltd.

BSE: 539407 Sector: Financials
NSE: N.A. ISIN Code: INE854S01014
BSE 15:40 | 17 Jan 182.80 2.75
(1.53%)
OPEN

181.00

HIGH

183.20

LOW

179.00

NSE 05:30 | 01 Jan Stock Is Not Traded.
OPEN 181.00
PREVIOUS CLOSE 180.05
VOLUME 49664
52-Week high 183.20
52-Week low 87.70
P/E 44.26
Mkt Cap.(Rs cr) 299
Buy Price 0.00
Buy Qty 0.00
Sell Price 0.00
Sell Qty 0.00
OPEN 181.00
CLOSE 180.05
VOLUME 49664
52-Week high 183.20
52-Week low 87.70
P/E 44.26
Mkt Cap.(Rs cr) 299
Buy Price 0.00
Buy Qty 0.00
Sell Price 0.00
Sell Qty 0.00

Generic Engineering Construction & Projects Ltd. (GENERICENGINEER) - Chairman Speech

Company chairman speech

Dear Shareholders

I Manish Ravilal Patel hereby take immense pleasure to introduce myself as theManaging Director of the company. This year being my 1st year as Managing Director in thecompany I would like to share with you that our company has during the past year venturedinto a new segment of "Engineering & Construction". I personally express mygratitude to all shareholders and stakeholders for their consistent support andencouragement throughout the journey.

Over 50 years well experienced journey with my father we have achieved new heights ofIndustry vertices industry development and mass housing projects. We aim to move aheadwith ethical practices and best customer satisfaction services. We believe to growtogether with our team and stakeholders associated with the Company.

Our journey started as contractors on the vision seen by my father Mr Ravilal Patelback in 1967. Today we stand here on the strong foundations built by my father ready toscale new heights. We aim to move ahead without compromising our ethics and principlesin alignment with the goals of our customers. We have a long standing relationship withour stakeholders which has led to our continuous growth and goodwill.

Over the years the construction industry has seen a lot of changes and the company hasbeen able to successfully adapt by constantly innovating and delivering on its promises.With over five decades of expertise and the support shown by our customers we have addedDesign and Build to our service offerings. Recent policies like Demonetization and GSThave given shocks to the economy but it didn't stop GENERIC in achieving its bestperformance till date. We expect RERA to have a positive impact on the Real Estateindustry in terms of operations and transparency.

Housing for all and Smart Cities project gives ample opportunity for the company tomove ahead and continue its strong growth story. As of 31st March 2017 the on-goingprojects value stands at INR 3600 Mn which entails projects from reputed clients likeKolte Patil Reliance etc. Our ability to bag projects from marquee clientele shouldspeak volumes about our execution history and capability.

Our company has a strong track record in the industry and our listing will enhance ourbrand visibility for the years to come. We intend to capitalize on the opportunitiespresented by the booming infrastructure sector and hope to consistently outperform ourbenchmarks. I would like to thank you for your continued support and trust in GENERIC. Iwould also like to thank our dynamic team who is the main reason for our success story. Iremain grateful to all our stakeholders and assure you that we will continue in our questto build a stronger world.

Thank you.

Yours sincerely

Manish Ravilal Patel

Managing Director