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Castrol India Ltd.

BSE: 500870 Sector: Industrials
NSE: CASTROLIND ISIN Code: INE172A01027
BSE 00:00 | 21 Aug 160.25 1.80
(1.14%)
OPEN

158.95

HIGH

161.75

LOW

158.90

NSE 00:00 | 21 Aug 160.30 1.40
(0.88%)
OPEN

159.00

HIGH

161.70

LOW

159.00

OPEN 158.95
PREVIOUS CLOSE 158.45
VOLUME 282896
52-Week high 214.43
52-Week low 153.10
P/E 22.57
Mkt Cap.(Rs cr) 15,851
Buy Price 0.00
Buy Qty 0.00
Sell Price 0.00
Sell Qty 0.00
OPEN 158.95
CLOSE 158.45
VOLUME 282896
52-Week high 214.43
52-Week low 153.10
P/E 22.57
Mkt Cap.(Rs cr) 15,851
Buy Price 0.00
Buy Qty 0.00
Sell Price 0.00
Sell Qty 0.00

Castrol India Ltd. (CASTROLIND) - Chairman Speech

Company chairman speech

Dear shareholders

"The strength of each team is the individual member. The strength of each memberis the team." - Phil Jackson

In 2015 Castrol India launched its ‘Shining Vision' – declaring anextraordinary intent to take the Company to a new level of prosperity and brilliance forall its stakeholders – customers consumers employees partners shareholders andindeed everyone associated with the Company.

The first two years have seen us well on course on our journey towards this vision. Sowe pushed ourselves even further and in 2017 embarked upon a Journey to Brilliance –challenging ourselves to focus even more on three key priorities – safety andcompliance profitable volume growth and providing a premium brand experience to all ourstakeholders at every touch point.

In 2017 we saw a great start to this Journey to Brilliance despite an extremelychallenging environment especially in the first half. The lingering effect ofdemonetization and the uncertainty around GST saw a disappointing performance in thefirst half. But the team came back strongly in the second half delivering volume growthfor the second consecutive year driven by double-digit growth in personal mobility andpremium brands to finish the year on a high.

It was also pleasing that we ended the year with an exceptional safety record and wereawarded the Golden Peacock Special Commendation for Excellence in Corporate Governance.This performance in the second half of the year has given us the confidence for an evenstronger delivery in 2018.

The challenges of the previous year have shown that there is immense power within theteam. Each individual is committed to putting in one hundred percent of effort pushingthemselves to their limit every day reaching deep within to achieve their full potentialand complementing each other thereby further strengthening the team effort.

With this power of the individual and the strength of the team we are confident wewill be able to make great strides in our Journey to Brilliance!

Omer Dormen

Managing Director