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AIA Engineering Ltd.

BSE: 532683 Sector: Engineering
NSE: AIAENG ISIN Code: INE212H01026
BSE 09:09 | 11 Aug 2632.00 48.95
(1.90%)
OPEN

2632.00

HIGH

2632.00

LOW

2632.00

NSE 00:00 | 10 Aug 2582.00 186.75
(7.80%)
OPEN

2490.00

HIGH

2650.00

LOW

2479.30

OPEN 2632.00
PREVIOUS CLOSE 2583.05
VOLUME 16
52-Week high 2650.70
52-Week low 1476.00
P/E 39.16
Mkt Cap.(Rs cr) 24,820
Buy Price 2553.00
Buy Qty 20.00
Sell Price 2632.00
Sell Qty 6.00
OPEN 2632.00
CLOSE 2583.05
VOLUME 16
52-Week high 2650.70
52-Week low 1476.00
P/E 39.16
Mkt Cap.(Rs cr) 24,820
Buy Price 2553.00
Buy Qty 20.00
Sell Price 2632.00
Sell Qty 6.00

AIA Engineering Ltd. (AIAENG) - Chairman Speech

Company chairman speech

LETTER FROM MANAGING DIRECTOR'S DESK

We have continued to work closely with our customers seeking to be longterm Partners of those businesses where we can make the most meaningful difference

Dear shareholders

The Financial Year 2020-21 was dominated by COVID-19 and it continuedto test our individual and collective resilience. The health safety and well-being ofpeople has continued to be at the heart of our COVID-19 response. Being a Global Companyproviding critical solutions to diverse customers in more than 120 countries of the worldin the Cement Segment and to more than 35 countries of the world in Mining Segment it wasthe key focus area of the Company to ensure that there was no disruption in the suppliesof our products and services to our customers and I am happy to share that we have provedour resilience by ensuring that in spite of the challenging times where there were severeinternational travel restrictions for a major part of the year there was no disruptionfrom our side in fulfilling our supply commitments to the customers.

The year gone by was a challenging year by all the measures. While weseem to have come out of the second wave of the pandemic the threat of the third wave islooming large in front of us. However optimistically we feel that we should be able toface the third wave without causing any serious disruptions given the fact that the Worldis now seemingly much better equipped having accepted the fact that continued recurrenceof COvId-19 pandemic in medium to long term will be the "new normal" with whichwe all will have to learn to live on an ongoing basis.

Alongside the ongoing challenges of managing the pandemic COVID-19 hasaccelerated sharper focus to respond to the longer-term trends impacting our business andensuring that we could better adapt to the ongoing change and hope for a better tomorrow.Our strengths in metallurgy designing massive global footprint and skilled talent baseremain the core reason for our growth amidst the challenging times. As you all may beaware we have developed a comprehensive solution portfolio for taking care of grindingand crushing needs of the Global Cement and Mining Industries with the later posing amassive opportunity of converting the mining companies worldwide from their conventionalforged grinding media based solutions to the Hi-Chrome based solutions offered by theCompany. There is a significant headroom available for conversion which is the core areaof focus of our Company and we believe that we are now fully equipped through ourmultifaceted solutions portfolio to convert a large number of mines into Hi-Chrome use andthus gain a dominant market share over a medium to long term horizon in this space. Thegolden triangle: Application Metallurgy and New Product Development help us deliver theexact need of our clientele. It also helps us reduce the operational costs and limit ourenvironmental impact which drives us towards fulfilling our main goal.

On the ongoing projects' front the Company is setting up amanufacturing plant of Mill Liners with 50000 Mt with an estimated CAPEX of Rs. 250Crores. The Company's total installed capacity will be increased to 440000 TPA fromthe present installed capacity of 390000 TPA. Given the massive opportunity of growth infront of us we will be continuously going on with new Capex plans for capacityaugmentation. However as we have been doing in the past a bulk of it will continue to befinanced through our internal accruals only - given a comfortable balance sheet andsurplus cash position that we have been maintaining.

The Company has always believed in giving back to the society andthrough its sustainable measures the Company actively contributes to the Social Economicand Environmental Development of the community in which the Company operates ensuringparticipation from the community and thereby creating value for the nation. It ensuressocioeconomic development of the community through different participatory and need-basedinitiatives in the best interest of the poor and deprived sections of the society so as tohelp them to become self-reliant and build a better tomorrow for themselves. It alsoensures the environmental sustainability through ecological conservation and regenerationprotection & regrowth of endangered plant species and promoting biodiversity.

390000MetricTon
Current installed capacity

Going ahead we would continue to increase our focus on strengtheningthe total solution capabilities through our extensive and fully equipped R&D team.During the year we also focused on improving productivity and employee morale helpingthem adapt to the evolving time the new regular post the pandemic.

With this note I would like to thank all our stakeholders investorsbankers customers suppliers and Government/Regulatory bodies for standing with us duringthe unthinkable situation happening around the globe. We promise to deliver value to allassociated with us through ethical sustainable and profitable means.

Best Wishes
Bhadresh K. shah
Managing Director
AIA Engineering Limited

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