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P B A Infrastructure Ltd.

BSE: 532676 Sector: Infrastructure
NSE: PBAINFRA ISIN Code: INE160H01019
BSE LIVE 19:40 | 19 Oct 15.95 -0.30
(-1.85%)
OPEN

16.45

HIGH

16.45

LOW

15.50

NSE 19:31 | 19 Oct 15.95 0.10
(0.63%)
OPEN

16.25

HIGH

16.30

LOW

15.70

OPEN 16.45
PREVIOUS CLOSE 16.25
VOLUME 2659
52-Week high 31.55
52-Week low 15.25
P/E
Mkt Cap.(Rs cr) 22
Buy Price 0.00
Buy Qty 0.00
Sell Price 0.00
Sell Qty 0.00
OPEN 16.45
CLOSE 16.25
VOLUME 2659
52-Week high 31.55
52-Week low 15.25
P/E
Mkt Cap.(Rs cr) 22
Buy Price 0.00
Buy Qty 0.00
Sell Price 0.00
Sell Qty 0.00

P B A Infrastructure Ltd. (PBAINFRA) - Chairman Speech

Company chairman speech

PBA INFRASTRUCTURE LIMITED ANNUAL REPORT 2010-2011 CHAIRMAN'S REPORT Dear Shareholders, It is my pleasure to welcome you all to the 37th Annual General Meeting of your Company. This year has been tough for the Infrastructure Industry with the overall pressure on the Infrastructure Segment. The National Highway Authority of India (NHAI) projects have made much less headway than was expected. It, however, appears that most of the road blocks have been removed and hopefully the coming year will be much better than the last. OUTLOOK Everyone recognizes that India desperately needs physical infrastructure. To achieve a steady 9% growth in GDP, there has to be 12% to 14% growth in infrastructure outlay - in roads, power, ports, airports, telecom, urban facilities and much else, it isn't happening today. Fortunately there is a growing awareness that growth in Infrastructure alone can and will bring about a healthy growth in GDP. YEAR UNDER REVIEW PBA has continued to strive to progress significantly to the top line by contracting through Joint Ventures in projects where it can not qualify to quote alone. Income from Contract Receipts JV increased from Rs. 4068.16 lacs to Rs. 4457.98 lacs. The Net Profit after Tax stood at Rs. 953.97 Lacs i.e. 4.09% compared to previous year Rs.1227.00 Lacs i.e. 3.89%. The Company is also maintaining a healthy EBIDTA Margin for last several years due to operation expenses. Bottom Line of the Company has shown improvement even though top line has not reached the expected levels. DIVIDEND Continuing with its commitment to share the profits of the Company with its shareholders, your Directors have recommended a dividend @10%. FUTURE PROSPECTS The Company has recently been awarded by Gujarat State Road Development Corporation the work of executing Bhuj-Bhachau Road (SH 42, km 0/0 to km 78/0) in the State of Gujarat on Build, Operate and Transfer (BOT) basis. The Contract Amount is Rs. 425.00 Crores. This work is in a joint venture in which our share is 49%. Your Company has Projects in hand amounting to about Rs. 1100 Crores in various parts of the country. I am an optimist and I believe that while there may be some deviations in the short run, sanity and growth will ultimately prevail. The time of India has come - an India of hope and opportunities of all kinds of entrepreneurships, of work, and of growth. We will see infrastructure efforts being kick started yet again. It is this hope that keeps me optimistic about our country as also a bright future of your Company. ACKNOWLEDGMENTS I take this opportunity to express my sincere thanks to all the Stakeholders for their continued trust in the Board of Directors and the Management of the Company. On behalf of the Company I would like to express my gratitude to all our Customers, Dealers, Suppliers, our JV partners, Bankers, Financial Institutions and other Business Associates and Employees for their continued and invaluable support and co-operation in the year gone by and I am sure the same will continue in the years to come. Thank you, (Ramlal R. Wadhawan) Chairman & Managing Director