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Om Metals Infraprojects Ltd.

BSE: 531092 Sector: Engineering
NSE: OMMETALS ISIN Code: INE239D01028
BSE LIVE 19:49 | 19 Oct 76.90 1.85
(2.47%)
OPEN

76.00

HIGH

78.50

LOW

76.00

NSE 19:43 | 19 Oct 76.85 1.25
(1.65%)
OPEN

76.45

HIGH

78.50

LOW

76.30

OPEN 76.00
PREVIOUS CLOSE 75.05
VOLUME 96831
52-Week high 81.60
52-Week low 38.30
P/E 37.70
Mkt Cap.(Rs cr) 741
Buy Price 76.90
Buy Qty 38.00
Sell Price 0.00
Sell Qty 0.00
OPEN 76.00
CLOSE 75.05
VOLUME 96831
52-Week high 81.60
52-Week low 38.30
P/E 37.70
Mkt Cap.(Rs cr) 741
Buy Price 76.90
Buy Qty 38.00
Sell Price 0.00
Sell Qty 0.00

Om Metals Infraprojects Ltd. (OMMETALS) - Chairman Speech

Company chairman speech

Dear Stakeholders

It gives me a great pleasure to present the financial report of your company for theyear 2015-2016.

In this year where global economic activity remained on a slower trajectory and Indianeconomy showing vivacity with growth coming in at 7.6% your company has never ceased tomove towards development progress and success in the multifaceted directions of sectorsthe company is into. Given the present economic scenario with muted agriculture growthIndia's domestic consumption remained strong on the back of favorable demographics.Infrastructure is the backbone of the country's economic growth and has been fueling itfor the past one decade or so. The increasing population rapid urbanization andindustrialization are the driving forces for investment in the infrastructure developmentin the coming years. The thrust of such opportunities which have emerged in the presentcircumstances has had a great impact on your company and has lead to winning of newprojects worth 272 crores including projects in hydro mechanical works worth Rs. 106crores in this year. With the state of affairs on economic front and our preparedness weare well placed for the forthcoming cycle of growth.

Your company is a leading player in the hydro mechanical segment but is constantlylooking for growth opportunities through organic or inorganic ventures to enhanceshareholders value. Your company had already made opportunistic investments in residentialprojects and industrial land bank which will yield strong cash flows. Going ahead withthis thought the company has entered into developing of infrastructure for the proposedUjjain Smart City and venturing into manufacturing of closure for water PET bottles andCarbonated Soft Drinks (CSD). We are confident that this venture is going to boost theforthcoming cycle of growth.

In the midst of development your company took its responsibility towards the societyand environment. The Company has always been a place of continued innovation and hard workand will continue to do so with the same attitude for the foreseeable future.

I feel honored to say that all the above would not have been possible if we at OMMetals Infraprojects Limited did not have a strong team of Engineering and Managementstaff. Our promotion of young talent has resulted in gathering an excellent team ofprofessionals who brought their comprehensive expertise to benefit our company. We trulybelieve that a company's strength and success lies on the hands behind it. Therefore wehave ensured that our young employees gain ample opportunities for personal andprofessional growth. Therefore I take this opportunity to thank every stakeholder of OMMetals who plays an integral part in our success and our constant effort towards making adifference. We would also like to place on record our renewed appreciation for unendingtrust and support of our customers shareholders lenders and vendors shown towards thecompany.

On your behalf as well as on behalf of the Board of Directors I whole heartedly admirethe integrated efforts of the employees of OM Metals Infraprojects Limited on anotherimpressive performance and pursuing their goal to establish trust amongst you during theyear FY16. I would like to thank all of you for your constant presence and garneredinterest in the Company.

We look forward to a successful year ahead!

Thank you

Place : Delhi Sunil Kothari
Date 12.08.2016 Managing Director
. DIN 00220940