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PALCO Ltd.

BSE: 513405 Sector: Metals & Mining
NSE: PENNARALUM ISIN Code: INE057C01018
BSE LIVE 11:50 | 04 Aug Stock Is Not Traded.
NSE 05:30 | 01 Jan Stock Is Not Traded.
OPEN 0.21
PREVIOUS CLOSE 0.21
VOLUME 36
52-Week high 0.80
52-Week low 0.21
P/E
Mkt Cap.(Rs cr) 1
Buy Price 0.21
Buy Qty 164.00
Sell Price 0.00
Sell Qty 0.00
OPEN 0.21
CLOSE 0.21
VOLUME 36
52-Week high 0.80
52-Week low 0.21
P/E
Mkt Cap.(Rs cr) 1
Buy Price 0.21
Buy Qty 164.00
Sell Price 0.00
Sell Qty 0.00

PALCO Ltd. (PENNARALUM) - Chairman Speech

Company chairman speech

1996 PENNAR ALUMINIUM COMPANY LIMITED CHAIRMAN'S REVIEW It gives me great pleasure to welcome you to the Annual General Meeting of your Company. During the last four years, India has introduced major reforms to expand the productive capacity of the economy. However, there has been a liquidity crisis in the Indian economy during the year. This has affected the growth of the industry in particular and the economy in general. The new Government's commitment to continue the economic reforms and liberalization and reducing import duties has removed the economic barriers and the Indian Industry has to operate against strong foreign competition. Your Company is gearing itself to withstand this competition. The rates of Import Duty on Aluminium Semi-fabricated Products have come down from 105% during 1991-92 to 20% by 1996-97 which,has major implications for Indian Aluminium Semi-fabricated Industry. The Company's emphasis on product quality continues. The Company's Strip Division achieved a significant milestone in this area by being certified for ISO 9002 by RWTUV, Germany in April 1996. You are aware that the Company's Conductor Division is already the holder of ISO 9002 certification from June '95. However due to the recession being faced by the industry, the performance of the Company showed only marginal improvement over the previous year. The concentration on value added products and the international quality certification obtained by the Company would enable the Company to improve the exports during the coming years. I take this opportunity to thank banks, financial institutions, suppliers and customers for their sustained support to the Company. I would like to thank all the shareholders for the support and cooperation they have extended to us. S. SAMARAPUNGAVAN Chairman Place : Hyderabad Dated : 14th August, 1996.