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Steelcast Ltd.

BSE: 513517 Sector: Engineering
NSE: N.A. ISIN Code: INE124E01020
BSE LIVE 15:40 | 17 Nov 146.05 -2.45
(-1.65%)
OPEN

152.60

HIGH

153.00

LOW

145.00

NSE 05:30 | 01 Jan Stock Is Not Traded.
OPEN 152.60
PREVIOUS CLOSE 148.50
VOLUME 4130
52-Week high 186.90
52-Week low 55.00
P/E 34.12
Mkt Cap.(Rs cr) 296
Buy Price 0.00
Buy Qty 0.00
Sell Price 0.00
Sell Qty 0.00
OPEN 152.60
CLOSE 148.50
VOLUME 4130
52-Week high 186.90
52-Week low 55.00
P/E 34.12
Mkt Cap.(Rs cr) 296
Buy Price 0.00
Buy Qty 0.00
Sell Price 0.00
Sell Qty 0.00

Steelcast Ltd. (STEELCAST) - Chairman Speech

Company chairman speech

STEELCAST LIMITED ANNUAL REPORT 2008-2009 CHAIRMAN'S REPORT Dear Shareholders, I am addressing this communication to you in the nature of a farewell letter. After putting in about half a century of service into this Company, I relinquished my position as a Whole Time Director & Chairman of the Board effective from January 1, 2009. I am very pleased to pass on the baton into the able hands of Mr. T. Kumar (who has been with this Company for nearly 41 years) as Chairman & Whole Time Director and Mr. Chetan M. Tamboli as Vice Chairman & Managing Director. I recall having been a Co-founder of this organization as a Partnership Firm, with a meagre partnership capital of Rs.3 lacs, which commenced operations on a tiny 2000 sq. yard plot in 1960. It is indeed gratifying that your Company has now grown to a net worth of about Rs.372.30 million, and is presently a foremost leader in the field of Steel Castings, exporting nearly half the output to Multinationals all over the world, and also having won numerous awards of Best Supplier/Best Foundry/Export Excellence etc., both from the customers and Governmental authorities. Steelcast now provides direct or indirect employment to nearly 1,000 persons/families. All these would not have been possible without the dedicated efforts of all the employees, dynamic leadership of the Management Staff, support of Banks, Financial Institutions, Local Authorities and Government, able guidance of a very competent Board of Directors and the blessings of all of you, dear Shareholders. I retire with a great sense of fulfillment and confidence that this Company, which has seen its way through many ups and downs in the market, will continue to prosper and make big strides in the future years too. Thanking you, Sincerely yours, Place: Bhavnagar Manmohan F. Tamboli Date : 16.5.2009 Chairman Emeritus