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Phillips Carbon Black Ltd.

BSE: 506590 Sector: Industrials
NSE: PHILIPCARB ISIN Code: INE602A01015
BSE 15:45 | 18 Jan 1271.85 -40.10
(-3.06%)
OPEN

1320.00

HIGH

1352.65

LOW

1255.05

NSE 15:55 | 18 Jan 1269.10 -44.10
(-3.36%)
OPEN

1326.95

HIGH

1353.00

LOW

1254.55

OPEN 1320.00
PREVIOUS CLOSE 1311.95
VOLUME 124162
52-Week high 1594.90
52-Week low 248.10
P/E 29.97
Mkt Cap.(Rs cr) 4,384
Buy Price 0.00
Buy Qty 0.00
Sell Price 0.00
Sell Qty 0.00
OPEN 1320.00
CLOSE 1311.95
VOLUME 124162
52-Week high 1594.90
52-Week low 248.10
P/E 29.97
Mkt Cap.(Rs cr) 4,384
Buy Price 0.00
Buy Qty 0.00
Sell Price 0.00
Sell Qty 0.00

Phillips Carbon Black Ltd. (PHILIPCARB) - Chairman Speech

Company chairman speech

Dear Shareholders

What can be a more pleasant task of a Chairman than to report to Phillips Carbon BlackLimited Shareholders the best-ever result achieved so far by the Company?

Phillips Carbon Black Limited was set up way back in 1960 production at Durgapur beganon 5th December 1962 and now years later we have achieved the highest-ever PBT of

Rs 165.52 crore. The 4th Quarter PBT was also the highest-ever – Rs 63.81 crore.

It gives us additional pleasure that this wonderful result was achieved in a year whenthe global trade environment was not at its best and Indian business was passing through aperiod of ups and downs.

It is indeed a reflection of our Company's performance all around that with our fourplants located at Durgapur Kochi Mundra and Palej we achieved in FY'17 the highest-evercarbon black production of 383316 tonnes. The Make-In-India slogan has been effectivewith your Company exporting 93340 tonnes of carbon black to more than 30 countries andsold another 294066 tonnes within India. It is heartening to report that we alsogenerated 483 million units of power – the highest-ever – since we decided toconvert lean gas into useful power for use in our plants and also sell the excess power tothose who need it.

In the year-under-review our Company created many other records by offering to ourworldwide customers 24 grades of rubber black and 29 grades of non-rubber black whichhelped us maintain our leadership journey which had begun way back in 1962. Under theinspiration of the legendary Dr. B.C. Roy my grandfather the Late Keshav Prasad Goenkatook the bold step of making in India a product totally imported so far. FY'17 as youwill see from the pages that follow was a year of innovation enhanced operationalefficiency higher cost optimisation and opening up new sales opportunities at home andabroad. Braving stiff competition our Company added some of the world's best-known tyrecompanies as our new customers.

I am sure you would like to join me in congratulating each member of the PCBL familywho worked as a team of inspired professionals to give us the coveted leadership we havebeen aiming at for some time. As we embark on another phase of our journey of still betterachievements our employees remain our most valuable asset. We have initiated severalprogrammes to enhance employee skills and commitments. We are indeed proud of creatingwithin the Company a culture of strong ethics and transparency.

I would also like to share with you the belief that PCBL has the capability ofachieving more in the year ahead and as we pledge to elevate our Company to the nextaltitude of value creation I seek your continued support and guidance.

Yours sincerely

Sanjiv Goenka