I'm immensely delighted to share with you that the Financial Year 2017-2018 was indeeda phenomenal year for Bharat Wire Ropes Ltd.
We have been going through significant transformation over the past year and it givesme and the company considerable sense of pride of our achievements at Bharat
Wire Ropes Limited. The enormous participation of our employees in Bharat Wire Rope'sglobal jump in terms of conquering new geographiesandsignificantcapacity ramp up has addedto the overall strength of our company.
Bharat Wire Ropes Ltd. has now established itself as a major player in the wire ropesmanufacturers list with certifications from TUV Germany for its ISO 9001 14000 & OHAScertification as well as the LLOYDS register certification. These stand a testament aboutBWR'S commitment to quality and global vision.
Another feather in BWR'S cap is the 5-year understanding and arrangement with theBridon Bekaert Ropes Group Ltd ("BBRG") (part of the Bekaert Group) whichwill be sourcing ropes of various configurations from Bharat Wire Ropes for their globalrequirements. BBRG is one of the largest and most reputed wire ropes manufacturer in theworld. Partnering with one of the most reputed and well-known companies in ropes is atestimony of the strength of our Chalisgaon facility thefield and the passion of ourpeople in making world class wire ropes. In a short span we have been able to achievecommendable inroads in the wire ropes market and the partnership will only strengthen thecompany by leaps and bounds. We look forward to joining forces and work together with theBBRG.
Client satisfaction has always been paramount to us and is our continuous endeavour tosurpass expectations; this partnership will enhance the utilization of newly set upGreenfieldplant to its full potential. Bharat Wire Ropes Ltd. will also be representingBBRG in the Indian market for special ropes which are not present in the manufacturingrange of Bharat Wire Ropes Ltd.
Our management team is making efforts to continuously optimise the production processand is continuously investing in new technology to be at the cutting edge ofmanufacturing. We are now implementing Industry 4.0 or IIOT across the manufacturingprocesses. This will help us to optimise the cost and increase the quality paramentsfurther.
We believe that perfection is a continuous pursuit and it is to that extent we havehoned ourselves and our business. We strive towards expanding to new horizons and settingrobust benchmarks in the wire ropes manufacturing business globally.
I would like to thank all our stakeholders and esteemed Board members for theirincessant guidance and support. I am also immensely grateful to our Customers VendorsBusiness Associates and Banks who have fostered their faith in Bharat Wire Ropes Ltd. Iwould also extend my appreciation to our diligent Employees for their commitment and toughgrind.