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Schneider Electric Infrastructure Ltd.

BSE: 534139 Sector: Engineering
NSE: SCHNEIDER ISIN Code: INE839M01018
BSE LIVE 15:42 | 18 Aug 119.30 -1.40
(-1.16%)
OPEN

120.00

HIGH

120.30

LOW

118.55

NSE 15:59 | 18 Aug 118.95 -1.40
(-1.16%)
OPEN

119.00

HIGH

120.40

LOW

118.00

OPEN 120.00
PREVIOUS CLOSE 120.70
VOLUME 6339
52-Week high 173.55
52-Week low 114.50
P/E
Mkt Cap.(Rs cr) 2,852
Buy Price 0.00
Buy Qty 0.00
Sell Price 119.30
Sell Qty 191.00
OPEN 120.00
CLOSE 120.70
VOLUME 6339
52-Week high 173.55
52-Week low 114.50
P/E
Mkt Cap.(Rs cr) 2,852
Buy Price 0.00
Buy Qty 0.00
Sell Price 119.30
Sell Qty 191.00

Schneider Electric Infrastructure Ltd. (SCHNEIDER) - Chairman Speech

Company chairman speech

I am happy to present the Annual report of Schneider Electric Infrastructure Limited(SEIL) for the Financial Year 2015-16 to our valued shareholders. Your Company hasreinforced its market leadership position in its domain and has delivered a stableperformance in 2015-16 despite the challenging economic environment.

India’s economy has faced subdued demand over the past few years arising from adampened global business environment. The good news however is that there is still apositive socio-economical sentiment and the economic reforms that have been undertaken orpromised are expected to lead to a sustainable long-term growth.

The current government had identified infrastructure as its critical priority totrigger economic growth and had also announced several central programs aimed atsatisfying the basic as well as future needs of the masses. The government has made itsintent clear towards the development of Indian power sector by promising 24x7uninterrupted power for all by enhancing the reliability of the distribution grid andreducing the AT&C losses. Two key schemes - the Deen Dayal Upadhyaya Gram Jyoti Yojana(DDUGJY) and the Integrated Power Development Scheme (IPDS) have made progress and areexpected to improve the reliability of the sub transmission & distribution network inrural and urban areas.

To improve the financial condition of the distribution utilities the government hasalso initiated the Ujwal DISCOM Assurance Yojna (UDAY) for giving a push to the muchneeded financial turnaround and revival of power distribution companies (DISCOMs) whichis aimed to ensure affordable and reliable power for all.

To meet the emerging challenges and to benefit from the new opportunities at SEIL weinnovate and develop technologies that will transform the way energy is managed. With ourdesign philosophy we deliver the smart solutions that integrate energy seamlessly intoour environment supporting the rhythm of our lives and empowering people to do more withless. Our intent is to make sure Life Is On for everyone everywhere and at every moment.

The Company continues to focus on innovative solutions customer satisfaction andemployee engagement as a part of its growth philosophy and is fully aligned to andsupportive of the ambitious "Make In India" initiative by the government.

I would like to thank all our shareholders customers suppliers communities and otherstakeholders for their continuing and unstinted support to the Company during the year. Iwould also like to thank all the employees and my colleagues on the Board of Directorsfor their tireless commitment to enhance the performance and well being of the Company.

Vinod Kumar Dhall

Chairman