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Confidence Futuristic Energetech Ltd.

BSE: 539991 Sector: Others
NSE: N.A. ISIN Code: INE700F01016
BSE 00:00 | 01 Jul 166.45 7.90
(4.98%)
OPEN

166.45

HIGH

166.45

LOW

166.45

NSE 05:30 | 01 Jan Confidence Futuristic Energetech Ltd
OPEN 166.45
PREVIOUS CLOSE 158.55
VOLUME 358058
52-Week high 166.45
52-Week low 38.90
P/E 193.55
Mkt Cap.(Rs cr) 208
Buy Price 0.00
Buy Qty 0.00
Sell Price 0.00
Sell Qty 0.00
OPEN 166.45
CLOSE 158.55
VOLUME 358058
52-Week high 166.45
52-Week low 38.90
P/E 193.55
Mkt Cap.(Rs cr) 208
Buy Price 0.00
Buy Qty 0.00
Sell Price 0.00
Sell Qty 0.00

Confidence Futuristic Energetech Ltd. (CONFIDENCEFUT) - Chairman Speech

Company chairman speech

Dear Stakeholders

A very warm welcome to each & every one of you. I ami addressing you at a time whenIndia is registering a I remarkable recovery in the economic as well as social void Icaused by the devastating COVID-19 pandemic.

At the outset I express my heartfelt condolences to all those M who have lost theirloved ones in Covid-19 pandemic and my M deepest respects to healthcare workers andfrontline workers. Even now we are amidst humanitarian crisis. The unprecedented surge indemand for medical oxygen during ^ the second wave and peoples' plight for it runningfrom pillar to ^ post for medical oxygen filled the hearts of every Indian with enormouspain & grief. It is at this juncture CFEL decided to extend its contribution to ourcommunities and our country and save the precious lives of people by making availablelifesaving Medical Oxygen. In result your company entered the segment of oxygen highpressure cylinders and CNG cascade manufacturing. Our timely entry in this segment notonly helped save precious human lives but also assisted various local & CentralGovernment agencies upgrade their infrastructure.

In this process in May 2021 your company acquired Sarju Impex Limited an operationalunit of High Pressure cylinders (Oxygen CNG hydrogen & Co2) at Dahej Gujarat.Besides this we are also setting-up a green field project in Industrial area UmredNagpur (Maharashtra].

After Indian Government's announcement to set up over 10000 CNG stations in ourcountry in the forthcoming years billions of rupees investment has been made in City GasDistribution in India which will result in huge demand of high pressure cylinders CNGcascades CNG cylinders and retro-fitment kits for passenger vehicles and heavy vehicles.Further the rising prices of fossil fuels will also result in more demand for sustainableand economic alternative fuels such as CNG. Besides this the growing industrial segment ofthe Country will also result in great demand for other industrial gases resulting to greatdemand of High Pressure Cylinders. Further due to Covid-19 huge demand of Oxygen cylinderis also exist.

I have no doubt that we will continue to work diligently in our efforts to grow fasterand higher. In closing I thank the Board for their continued guidance to steer theCompany in its growth ahead. I extend my gratitude to our staff and workers for theircooperation & support.

I also place on record my gratitude to all our stakeholders customers bankerssuppliers and Government authorities for the dedicated support and assistance throughout.I solicit your support in our future endeavors of building greener & pollution freeenvironment for our people. We are confident that in the coming years company willindirectly contribute to make our country green and clean by producing CNG cylinders.

Stay Safe. Wear a mask and practice social distancing.

Warm regards

NITINKHARA

CHAIRMAN

.