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Hindustan Dorr-Oliver Ltd.

BSE: 509627 Sector: Engineering
NSE: HINDDORROL ISIN Code: INE551A01022
BSE LIVE 15:10 | 14 Aug 2.45 -0.12
(-4.67%)
OPEN

2.45

HIGH

2.45

LOW

2.45

NSE 15:04 | 14 Aug 2.55 -0.10
(-3.77%)
OPEN

2.55

HIGH

2.55

LOW

2.55

OPEN 2.45
PREVIOUS CLOSE 2.57
VOLUME 4500
52-Week high 18.05
52-Week low 2.40
P/E
Mkt Cap.(Rs cr) 18
Buy Price 0.00
Buy Qty 0.00
Sell Price 2.45
Sell Qty 15500.00
OPEN 2.45
CLOSE 2.57
VOLUME 4500
52-Week high 18.05
52-Week low 2.40
P/E
Mkt Cap.(Rs cr) 18
Buy Price 0.00
Buy Qty 0.00
Sell Price 2.45
Sell Qty 15500.00

Hindustan Dorr-Oliver Ltd. (HINDDORROL) - Chairman Speech

Company chairman speech

HINDUSTAN DORR-OLIVER LIMITED ANNUAL REPORT 2010-2011 CHAIRMAN'S REPORT Travelling from achievement to achievement. Sustaining passion to explore, innovate and go beyond. Foraying into new business sectors have established your Company as an engineering force to reckon with. The talent pool of engineers and managers are more than fulfilling expectations as is the continued support of our trusted business associates. Your Company continues to acquire world class technology through global strategic tie- ups and acquisitions to remain a leader in its businesses. During the last financial year we were able to step up our performance through robust processes in manufacturing plants, effective project management and improvements in the supply chain. We secured an export order from M/s. Konkola Copper Mines, Zambia. We have made a breakthrough in the Nuclear sector by bagging a couple of orders from NPCIL for manufacturing. Recognizing that our employees are our core strength, we are focusing on developing their capabilities. In addition to the ongoing programmes, our Human Resources Team has undertaken various development initiatives to enhance the skill-sets of high potential employees to meet requirements of new business segments. Further induction of new people with expertise in Power/Hydro Carbon/Nuclear sector is a continious process at your Company. Beneficiation of various metals like copper, iron ore & steel, nuclear power plant, manufacture of special equipments catering to the nuclear sector, oil & gas and hydrocarbon are a few industry verticals where we see immense potential for growth. As we have the expertise in these fields, we are poised to tap the opportunity in these sectors. We are taking a number of measures to strengthen our ability to achieve our goals. Business Processes and Operations were made more robust through implementation of Integrated Management Systems (IMS). A KRA based Performance Management Process is in place. SAP implementation has taken place across HO, project sites and factory as well and more importantly, our sincerity and hard work have enhanced our confidence to help reach anything beyond engineering. Your Company faces some major challenges that we need to effectively deal with. The industrial investment climate across the world, including India, is not offering room for optimism in the short term. Fiscal and monetary policies are not conducive for accelerated industrial growth. Despite this ambivalence, commodity prices have not exhibited any weakening trend and this situation has brought in margin pressures on the EPC Segment. We are also facing an uneven competitive pressure from China, especially in the power segment, which may extend to other segments too in the immediate future. Your Company has a very strong engineering, manufacturing and EPC capabilities. We also have resilient and committed employees led by a proven management team that will rise to the occasion to meet the challenges we are encountering in the market place. Backed by the confidence and trust of all our stakeholders, we are confident of navigating HDO's future journey in a sustainable and profitable manner. I am confident that the Management Team with the invaluable guidance of the Board of Directors will achieve its Goals and Objectives. On behalf of everyone at your Company, I want to thank one and all for your support and commitment to your Company. I look forward to your continued support and best wishes to take our Company to the next level through its growth strategy. Prabhakar Ram Tripathi Chairman