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HeidelbergCement India Ltd.

BSE: 500292 Sector: Industrials
NSE: HEIDELBERG ISIN Code: INE578A01017
BSE LIVE 15:40 | 18 Aug 120.40 -0.70
(-0.58%)
OPEN

121.45

HIGH

121.45

LOW

119.15

NSE 15:31 | 18 Aug 121.00 -0.75
(-0.62%)
OPEN

119.50

HIGH

121.50

LOW

119.45

OPEN 121.45
PREVIOUS CLOSE 121.10
VOLUME 13668
52-Week high 150.55
52-Week low 101.75
P/E 40.00
Mkt Cap.(Rs cr) 2,728
Buy Price 120.50
Buy Qty 18.00
Sell Price 0.00
Sell Qty 0.00
OPEN 121.45
CLOSE 121.10
VOLUME 13668
52-Week high 150.55
52-Week low 101.75
P/E 40.00
Mkt Cap.(Rs cr) 2,728
Buy Price 120.50
Buy Qty 18.00
Sell Price 0.00
Sell Qty 0.00

HeidelbergCement India Ltd. (HEIDELBERG) - Chairman Speech

Company chairman speech

It is with a sense of accomplishment that I connect with you through our Annual Report.In our quest to be the best we have chosen to pursue excellence towards our economicsocial and environmental goals. As a proud member of the HeidelbergCement Group one ofthe foremost global players in cement we are steadily improving our business operationswith a concurrent focus on sustainable development.

During the course of the financial year the global macroeconomic conditions remainedtepid with divergent trends across the Advanced and Developing Economies. With a GDPgrowth of 7.6% India remained as the fastest growing major economy. The softening inglobal commodity prices and crude oil in particular were positive factors that supportedthe economy.

The Cement Industry in India continues to remain competitive given the moderate demandgrowth and the overhang of surplus capacities. The low capacity utilization witnessed bythe industry has resulted in slowing down the pace of new capacity additions. During therecent times the cement industry has also been witnessing a consolidation phase.

At HeidelbergCement India Ltd. continuous improvement is a way of life. With a keeneye on cost reduction programs we enhanced our efficiencies covering all facets of ouroperations. The commissioning of our Waste Heat Recovery based power plant at Narsingarhis a major step in the direction of reducing the power cost of the company. Takingadvantage of the cost difference among various types of available fuels we optimised thefuel- mix over time. Further a slew of other measures to de-bottleneck the operationshave supplemented our efforts to achieve cost competitiveness.

Our brand 'mycem' marched ahead winning the confidence of our customers who value itshigh quality and willingly payed premium for the same. During the year we also launched apremium cement- 'mycem power' - which was received well in the markets.

In a unique and innovative move we have rolled out the Channel Authorization DigitalSignage (CADS) an electronic digital display system installed at the Dealer Shops thatprovides information to customers about our brands product technical information andindicative ruling prices. CADS is providing greater transparency and has provedinstrumental in strengthening our bond with the channel partners and customers. In anevolving market we updated our understanding on our customers' needs through extensivemarket surveys conducted during the year. The valuable insights of how customers perceiveour brand has helped us refine our marketing strategies.

Our relentless pursuit for sustainable development which comes from theHeidelbergCement Group's philosophy distinguishes us from many of our peers in India.Continuing our tradition of social and environmental enrichment we carried out programsfor community development environment and water conservation. Having put in placedomestic waste processing facilities at our Narsingarh and Jhansi plants we take pride inachieving zero solid municipal discharge. The development of a self-sustainable exoticaquatic system that provides habitat to a wide variety of bird species is our mostrecent contribution towards improving biodiversity. Considering the local needs ourcustomized community empowerment programs are actively facilitating community bonding.

I take this opportunity to thank all the stakeholders for their continuous support andtrust in HeidelbergCement India Ltd. and also to commend our employees for theirunwavering efforts and contributions in strengthening our prospects on the path ofsustainable development.

Best Regards

Jamshed Naval Cooper

Managing Director