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Century Textiles & Industries Ltd.

BSE: 500040 Sector: Industrials
NSE: CENTURYTEX ISIN Code: INE055A01016
BSE 00:00 | 17 Aug 920.65 8.90
(0.98%)
OPEN

915.00

HIGH

926.15

LOW

910.85

NSE 00:00 | 17 Aug 920.25 8.70
(0.95%)
OPEN

918.00

HIGH

927.55

LOW

911.00

OPEN 915.00
PREVIOUS CLOSE 911.75
VOLUME 46885
52-Week high 1471.85
52-Week low 843.10
P/E 24.84
Mkt Cap.(Rs cr) 10,284
Buy Price 0.00
Buy Qty 0.00
Sell Price 0.00
Sell Qty 0.00
OPEN 915.00
CLOSE 911.75
VOLUME 46885
52-Week high 1471.85
52-Week low 843.10
P/E 24.84
Mkt Cap.(Rs cr) 10,284
Buy Price 0.00
Buy Qty 0.00
Sell Price 0.00
Sell Qty 0.00

Century Textiles & Industries Ltd. (CENTURYTEX) - Chairman Speech

Company chairman speech

Dear Shareholders

The Indian economy which is now the 7th largest and one of the fastest growingeconomies of the world has shown a remarkable resilience in adjusting with structuralreforms. With the Government's continuing efforts for reforms and initiatives for ease ofdoing business it is expected that in the coming years the growth of the economy willfurther accelerate. RBI's efforts on controlling inflation are continuing. However theregime of low cost lending may not continue for more time. In view of the variousproposals contained in the Union Budget 2018-19 the rural economy is likely to see animprovement and with the hope of acceleration in the growth of our economy overall demandshould improve.

Due to better performance of the Cement Pulp & Paper Divisions and reducedinterest cost the profitability of the Company has shown a very good improvement during2017-18. Efforts for reducing costs on all fronts to the maximum extent possible arecontinuing for achieving further operational efficiencies. In view of the expected growthin the economy demand and prices for products of our Company should improve in future.During the year the Company had undertaken a business restructuring exercise so as tofocus on the businesses which have the potential for growth and to reduce the interestcost to the Company to the extent possible.

I would like to extend my gratitude to all our stakeholders including shareholderscustomers lenders and our loyal hard working and committed employees for theirunstinted support and faith in the Company.

B.K. Birla

Chairman.