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NEPC India Ltd.

BSE: 500301 Sector: Engineering
NSE: NEPCMICON ISIN Code: INE588A01016
BSE LIVE 15:16 | 06 Nov 0.82 -0.04
(-4.65%)
OPEN

0.85

HIGH

0.85

LOW

0.82

NSE 10:00 | 06 Nov 1.40 0
(0.00%)
OPEN

1.40

HIGH

1.40

LOW

1.40

OPEN 0.85
PREVIOUS CLOSE 0.86
VOLUME 5245
52-Week high 2.44
52-Week low 0.82
P/E
Mkt Cap.(Rs cr) 6
Buy Price 0.00
Buy Qty 0.00
Sell Price 0.82
Sell Qty 1100.00
OPEN 0.85
CLOSE 0.86
VOLUME 5245
52-Week high 2.44
52-Week low 0.82
P/E
Mkt Cap.(Rs cr) 6
Buy Price 0.00
Buy Qty 0.00
Sell Price 0.82
Sell Qty 1100.00

NEPC India Ltd. (NEPCMICON) - Chairman Speech

Company chairman speech

1994 NEPC-MICON LIMITED CHAIRMAN'S SPEECH Ladies and Gentlemen, I am very much pleased to welcome you all to the Fifth Annual General Meeting of your Company. The notice for the meeting has been sent to all the Members and I hope you all would have received it by now. By your leave I will take the notice as read. ECONOMIC OUTLOOK Our country has been going through a period of economic transition - from the traditional social economy to market driven economy. The Government has taken initiative to shore up the sagging economy. But there is no room for complacency - not even with the rising foreign exchange reserves, stable Government at the centre, different sectors of the economy doing well. But yet again the monsoon has been very good. The agricultural production is expected to exceed the target for the current year. Industrial growth is racing towards the targetted 4.5% per anum. The growth has also brought in problems to certain sectors of the economy. Due consideration has not been given for the development of infrastructure. Infrastructural development is vital for the economic growth. If this sector does not keep pace with other sectors, the overall economic development will suffer in the medium term. Privatisation in power, telecommunication, transport is a must for sustained growth in our economy. Unless the Government spells out its policies with regard to infrastructural development, the task lying ahead will assume enormous proportion. Your Company, quite aware of the need to create more capacities in power and transport, has taken lead in going in for non-conventional energy sector as well as airlines. Your Company's efforts in commercialising wind energy has paid rich dividends. Many Companies have come forward to make use of wind energy for captive power requirements. To-day wind energy has become a viable alternative energy source. Your Company's thrust will be to create 800 to 1000 MW wind energy by the turn of the century. STRATEGIC GROWTH: Your Company does not contend with helping private sector Companies go in for wind energy for captive use. It has taken upon itself the task of generating 200 to 300 MW wind power in the next five years. As a first step, your Company has initiated the process of setting up the first 100 MW project in the state of Tamilnadu. POTENTIAL OPPORTUNITIES: Airlines is yet another area which has recently been thrown open to the private sector. In a country as vast as ours, the need to create faster mobility from one place to another can hardly be exaggerated. With speedier indus-trialisation, business travelling by quick means of transport has become all the more imperative. Governmental initiatives to persuade entrepreneurs to set up plants away from big cities has resulted in more transportation between small industrial towns and big cities. Your Company realising the hidden potential in feeder routes, has introduced air service between big cities and relatively underserved and unserved industrial towns all over the country. Your Company has thus become the first and only full fledged feeder airliner in the country. Your Company's strategy of concentrating on feeder routes has already proved to be a sound and rewarding one. I am confident that airlines operations will be a feather in our cap in the years to come. CONCLUSION: The last two years have been a period of transformation for your Company. Withyour support andwith the support of the dedicatedpersonnel, customers, suppliers, bankers, various Government agencies and the Central and State Governments, your Company has ushered in an era of non-conventional energy into Indian power sector. I would be failing in my duty if I do not thank all the people associated with our Company and more so the Shareholders of the Company. Thank you. MR. RAVI PRAKASH KHEMKA Chairman