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Bannari Amman Spinning Mills Ltd.

BSE: 532674 Sector: Industrials
NSE: BASML ISIN Code: INE186H01022
BSE 00:00 | 30 Sep 50.20 0.95
(1.93%)
OPEN

50.35

HIGH

51.00

LOW

49.40

NSE 00:00 | 30 Sep 50.15 0.85
(1.72%)
OPEN

50.25

HIGH

51.00

LOW

49.55

OPEN 50.35
PREVIOUS CLOSE 49.25
VOLUME 7882
52-Week high 100.60
52-Week low 47.75
P/E 7.96
Mkt Cap.(Rs cr) 326
Buy Price 0.00
Buy Qty 0.00
Sell Price 0.00
Sell Qty 0.00
OPEN 50.35
CLOSE 49.25
VOLUME 7882
52-Week high 100.60
52-Week low 47.75
P/E 7.96
Mkt Cap.(Rs cr) 326
Buy Price 0.00
Buy Qty 0.00
Sell Price 0.00
Sell Qty 0.00

Bannari Amman Spinning Mills Ltd. (BASML) - Chairman Speech

Company chairman speech

BANNARI AMMAN SPINNING MILLS LIMITED ANNUAL REPORT 2008-2009 CHAIRMAN'S REPORT Dear Shareholders, The Indian textile Industry is facing a challenging environment in the face of global recession, increasing raw material prices and the drastic curtailment of power supply. While recession has caused a significant dip in exports in the last two quarters of 2008 and a consequent decrease in demand for textile products across the world, the more serious challenge facing us is the unavailability of power in the medium term, a critical factor for our power intensive industry. Our company has implemented a slew of cost optimizing and efficiency boosting measures in this period, shielding us to an extent from the full brunt of the negative factors affecting our sector. Our increased capacities have come into utilization as can be seen from the financial results. Our efforts to create more visibility for our products and to value add across product categories will stand us in good stead in the years to come. We have increased our market outreach activities and are confident of an improved scenario in the coming years. (S V BALASUBRAMANIAM) Chairman
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