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HeidelbergCement India Ltd.

BSE: 500292 Sector: Industrials
NSE: HEIDELBERG ISIN Code: INE578A01017
BSE LIVE 15:40 | 11 Dec 154.00 -1.40
(-0.90%)
OPEN

156.50

HIGH

157.05

LOW

153.30

NSE 15:59 | 11 Dec 154.05 -0.65
(-0.42%)
OPEN

155.90

HIGH

157.05

LOW

153.50

OPEN 156.50
PREVIOUS CLOSE 155.40
VOLUME 22541
52-Week high 175.00
52-Week low 101.75
P/E 41.07
Mkt Cap.(Rs cr) 3,490
Buy Price 154.00
Buy Qty 1698.00
Sell Price 0.00
Sell Qty 0.00
OPEN 156.50
CLOSE 155.40
VOLUME 22541
52-Week high 175.00
52-Week low 101.75
P/E 41.07
Mkt Cap.(Rs cr) 3,490
Buy Price 154.00
Buy Qty 1698.00
Sell Price 0.00
Sell Qty 0.00

HeidelbergCement India Ltd. (HEIDELBERG) - Chairman Speech

Company chairman speech

Dear Shareholder

It is a matter of great satisfaction for me to report yet another year of strongperformance. At HeidelbergCement continuous improvement is now a way of life; as we standcommitted to better our performance year after year. The initiatives taken by the Companyin the recent past have focused on cost reduction improvement in consumption parametersand optimization in use of natural resources which together have contributed indelivering better results. We grew our business and increased our profitability thatenabled us enhance our competitive edge and create value for our shareholders. It is mypleasure to inform to you that the Board of Directors has recommended a dividend of Rs.2.00 (20%) per share of Rs.10 each for FY2016-17 subject to the approval of members atthe ensuing AGM. Indian economy is currently in the midst of a recovery phase with lowerfiscal and current account deficit lower inflation benign global commodity prices anddeclining interest rates. Good monsoon after two successive years of scanty rainfall cameas a major respite especially for the rural economy. With a GDP growth of 7.1% inFY2016-17 India remained one of the fastest growing large economies in the world. Withthe dawn of 1st July 2017 India took a giant leap to reform Indirect Taxes. ‘OneNation One Tax – GST' became a reality. The Company proactively changed its systemsand processes as well as provided training to its Customers and Vendors leading to smoothtransition into the GST era. The price reductions arising out of reduced GST liabilitywere passed on to the customers.

A host of infrastructure projects announced by the Government will lend added impetusto demand for cement. It will now depend on the Nation's capability to execute theseprojects with speed. The grant of infrastructure status to affordable housing is one othersignificant move that will reduce the borrowing cost of real estate developers by openingnew avenues for raising funds. Reforms like these will potentially put our economy on asteeper growth trajectory. Our commitment to Sustainable Development ensures that ecologyand environment issues remain in focus. Substituting use of fossil fuel with alternatefuels clinker by fly ash and slag we conserved the natural resources thus reducing ourcarbon foot print. Water harvesting and conservation activities pursued by us have beenvery satisfying as it has given boost to the farming activities around our plants. Ourdrive to develop "green belt" at our plants has been extremely rewarding as ithas improved the happiness quotient of our employees simultaneously facilitating reductionin the ambient temperature inside our plants. We have set a target for the next threeyears to create a climate that ensures a 3 degree temperature reduction in our plantscompared to the ambient temperatures a kilometer away from our plants. We declared 2017 asthe "Energy Year" and embarked on the mission to save energy. A three year roadmap to reduce energy consumption is in place and progress is being monitored periodically.

We remain obliged to the society and our expression of gratitude is visible in thecontributions we make towards the development of the human habitation that dwells aroundour plants. Providing healthcare services education facilities construction of roads andculverts ensuring all weather connectivity girl child education creation of trainingCentre for skilling the youth are a few contributions we made during the year.

"Customer is the King". Our unrelenting efforts to deliver consistent highquality cement and services to our customers have paid rich dividends by way of customerloyalty that continues to add year after year. Together as a team we converged our energyto deliver to our customers "value for money" earning their trust which keepsgrowing and the bond that keeps strengthening. Company's brand "mycem" nowenjoys a top-of-mind recall in most parts of Central India and its mascot"Chutkoo" is seen as a harbinger for durable construction. Quoting the words ofLee Iacocca - "In the end all business operations can be reduced to three words:people product and profits. Unless you've got a good team you can't do much with theother two." We continue to invest in building Human Capital to fuel the future needsof our organization. Besides training and empowering them we provide an enabling workenvironment with equitable growth opportunities. Special efforts are being put to increasethe happiness quotient at the workplace which has led to higher commitment of our peoplepaying greater emphasis on governance issues whilst encouraging entrepreneurial style ofmanagement. My commitment of Health and Safety remains undeterred. It's an obligation Ishoulder to provide a safe and healthy workplace to our people. To sensitize our peopleseveral behavioral training programmes were conducted during the year. We also set forourselves a target to achieve "Zero Harm" by 2020. I take this opportunity tothank all employees - Company's prime assets for their commitment and passion to excel. Ialso place on record my sincere appreciation to the Board of Directors for their guidance.My gratitude to all our stakeholders for their continued support trust and encouragement.

I conclude my message by summarizing that - my team and I commit to "building abetter future".

Best Regards

Jamshed Naval Cooper

Managing Director