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Hind Rectifiers Ltd.

BSE: 504036 Sector: Engineering
NSE: HIRECT ISIN Code: INE835D01023
BSE LIVE 15:51 | 15 Dec 116.15 -0.75
(-0.64%)
OPEN

112.65

HIGH

117.95

LOW

112.00

NSE 15:31 | 15 Dec 116.90 1.00
(0.86%)
OPEN

114.55

HIGH

117.75

LOW

114.55

OPEN 112.65
PREVIOUS CLOSE 116.90
VOLUME 3277
52-Week high 143.79
52-Week low 72.77
P/E 645.28
Mkt Cap.(Rs cr) 192
Buy Price 116.15
Buy Qty 194.00
Sell Price 0.00
Sell Qty 0.00
OPEN 112.65
CLOSE 116.90
VOLUME 3277
52-Week high 143.79
52-Week low 72.77
P/E 645.28
Mkt Cap.(Rs cr) 192
Buy Price 116.15
Buy Qty 194.00
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