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Mukand Ltd.

BSE: 500460 Sector: Metals & Mining
NSE: MUKANDLTD ISIN Code: INE304A01026
BSE 00:00 | 22 May 70.05 2.05
(3.01%)
OPEN

68.90

HIGH

71.00

LOW

68.15

NSE 00:00 | 22 May 70.05 2.00
(2.94%)
OPEN

68.60

HIGH

72.20

LOW

68.10

OPEN 68.90
PREVIOUS CLOSE 68.00
VOLUME 23946
52-Week high 109.00
52-Week low 58.15
P/E
Mkt Cap.(Rs cr) 991
Buy Price 0.00
Buy Qty 0.00
Sell Price 0.00
Sell Qty 0.00
OPEN 68.90
CLOSE 68.00
VOLUME 23946
52-Week high 109.00
52-Week low 58.15
P/E
Mkt Cap.(Rs cr) 991
Buy Price 0.00
Buy Qty 0.00
Sell Price 0.00
Sell Qty 0.00

Mukand Ltd. (MUKANDLTD) - Chairman Speech

Company chairman speech

MUKAND LIMITED ANNUAL REPORT 2006-2007 CHAIRMAN'S STATEMENT CHAIRMAN'S REPORT India's growth prospects continue to be very positive. By registering a 12.3%, double digit growth in industrial production and 9.2% GDP growth in the year under review, India has clearly proven that it is accelerating towards becoming one of the world's leading economies. Your Company is India's leading speciality steel long products manufacturer, engineering to perfection and meeting the exacting standards of domestic and now global customers, mostly automobile and auto-component manufacturers. It has also emerged as one of the leading suppliers of Electric Overhead Travelling cranes. The emphasis of the Company over the years was to meet the requirements, in the above two areas, of the domestic market but in the recent years the Company is broadening its customer base to include the international markets as well. The economic growth in India has spurred new investments in infrastructural projects and capital goods. This phase of higher growth is likely to sustain for many years to come. The Company has planned strategic tie-ups with global brand leaders to become their preferred supplier of speciality steel. The time has now come for your Company to be a supplier in different areas of this expertise on the world map. Let me assure you that the Company has the mental aptitude and experienced people to take it to these new heights. Your Company is now in the midst of a sizeable investment programme, results of which shall be visible from October this year. The investment has not only been planned in increasing the manufacturing capacities but also in backward integration to create stability in the costs of major inputs like coke and power. A number of quality up-gradation, value addition and forward integration steps have also been initiated to enhance our global competitiveness. More importantly, while recognising the importance of human resource development to attract and retain the best talents, the Company has introduced a gain sharing mechanism with its employees based on their improved performance. Emerging successful from the few years of troubled times, your Company has lived up to its personality and values, which is defined in the new logo 'MUKAND - Infinite resolve'. Your Company is now on an accelerated growth path. The Board of Directors has recommended payment of dividend of 10% on equity shares. I join the shareholders in their sense of optimism for the Company's future. Rahul Bajaj Chairman