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Nilkamal Ltd.

BSE: 523385 Sector: Industrials
NSE: NILKAMAL ISIN Code: INE310A01015
BSE LIVE 15:46 | 18 Oct 1664.30 42.90
(2.65%)
OPEN

1645.00

HIGH

1740.00

LOW

1619.50

NSE 15:59 | 18 Oct 1654.15 32.75
(2.02%)
OPEN

1622.00

HIGH

1744.00

LOW

1617.00

OPEN 1645.00
PREVIOUS CLOSE 1621.40
VOLUME 458410
52-Week high 2274.85
52-Week low 1215.00
P/E 22.75
Mkt Cap.(Rs cr) 2,483
Buy Price 0.00
Buy Qty 0.00
Sell Price 1664.30
Sell Qty 597.00
OPEN 1645.00
CLOSE 1621.40
VOLUME 458410
52-Week high 2274.85
52-Week low 1215.00
P/E 22.75
Mkt Cap.(Rs cr) 2,483
Buy Price 0.00
Buy Qty 0.00
Sell Price 1664.30
Sell Qty 597.00

Nilkamal Ltd. (NILKAMAL) - Chairman Speech

Company chairman speech

1997 Chairman's Statement Dear Shareholders, It is my privilege and pleasure to present the Eleventh Annual Report and Audited Accounts of Nilkamal Plastics Limited. I am pleased to report that Nilkamal has once again posted good Financial Results for the year ended 31st March, 1997. In the year under review, your Company witnessed excellent growth in volumes, inspite of sluggish market conditions. Both Plants, Sinnar and Silvassa, operated at full capacity with a result, the Company crossed Rs. 100 crore mark. QUALITY - ISO 9002 CERTIFICATION THIS YEAR TO SILVASSA PLANT : You will recall that the Sinnar Plant of Nilkamal had already achieved ISO 9002 last year. This year, TUV BAYERN of Germany have Certified with ISO 9002 for qualtiy systems conforming to International Standards, to Silvassa Plant. ISO Standards ensure reliable products, manufactured with Quality management systems. GROWTH IN THE NEXT PHASE : Material handling Crates and Moulded Furniture have excellent demand potential. In the year under review, the Furniture division of your Company once again grew over 50 %. Two new world scale Petrochemical Plants are already operational in India. Nilkamal enjoys significant competitive advantage of high volumes at low cost. Further Investments of Rs. 33 Crores are planned for expansion at Silvassa and new facilities at Noida and Pondicherry. With locational advantages and benefits of new facilities, your Company is all set to exploit the potential of both the product lines of the Company. On completion of this phase, there will be two fold increase in growth in the company's products. Nilkamal views the future with more optimism and will continuously endeavour to increase the Shareholders value, year after year. Vamanrai V Parekh Chairman