You are here » Home » Companies » Company Overview » Hind Rectifiers Ltd

Hind Rectifiers Ltd.

BSE: 504036 Sector: Engineering
NSE: HIRECT ISIN Code: INE835D01023
BSE 00:00 | 26 Apr 144.05 -1.75
(-1.20%)
OPEN

144.95

HIGH

146.00

LOW

144.00

NSE 00:00 | 26 Apr 145.65 -0.60
(-0.41%)
OPEN

145.95

HIGH

148.00

LOW

145.00

OPEN 144.95
PREVIOUS CLOSE 145.80
VOLUME 4512
52-Week high 165.00
52-Week low 75.19
P/E 128.62
Mkt Cap.(Rs cr) 238
Buy Price 0.00
Buy Qty 0.00
Sell Price 0.00
Sell Qty 0.00
OPEN 144.95
CLOSE 145.80
VOLUME 4512
52-Week high 165.00
52-Week low 75.19
P/E 128.62
Mkt Cap.(Rs cr) 238
Buy Price 0.00
Buy Qty 0.00
Sell Price 0.00
Sell Qty 0.00

Hind Rectifiers Ltd. (HIRECT) - Chairman Speech

Company chairman speech

Dear Shareholders

I am happy to report that after suffering for last four years due to lack of ordersfrom the Railways we have in the current year a very good order booking.

Due to lack of adequate sales in the past the Company suffered losses which seriouslyaffected the working capital. To overcome this problem the Company is coming out with aRight Issue.

To enter into advanced technology Railway business the Company has signed acollaborator agreement with a Croatian company.

Our R&D team is actively working in diversified fields such as new productdevelopment cost reduction of existing products and trying to achieve internationalstandards in all respects.

Have a little patience I assure you beginning from the current financial year yourcompany will be on an ascending graph.

I take this opportunity to thank my colleagues on the Board for their valuablecontribution.

I also would like to thank our employees for their unstinted support and loyaltyespecially when the Company was passing through difficult times.

I would like to express my gratitude to all our shareholders for their continuing faithin HIRECT.

With Best Wishes

S. K. Nevatia

Chairman & Managing Director