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Cummins India Ltd.

BSE: 500480 Sector: Engineering
NSE: CUMMINSIND ISIN Code: INE298A01020
BSE 00:00 | 02 Dec 919.85 5.40
(0.59%)
OPEN

915.00

HIGH

922.95

LOW

907.80

NSE 00:00 | 02 Dec 919.55 4.30
(0.47%)
OPEN

913.00

HIGH

922.75

LOW

908.00

OPEN 915.00
PREVIOUS CLOSE 914.45
VOLUME 115809
52-Week high 1065.00
52-Week low 552.90
P/E 32.98
Mkt Cap.(Rs cr) 25,498
Buy Price 0.00
Buy Qty 0.00
Sell Price 0.00
Sell Qty 0.00
OPEN 915.00
CLOSE 914.45
VOLUME 115809
52-Week high 1065.00
52-Week low 552.90
P/E 32.98
Mkt Cap.(Rs cr) 25,498
Buy Price 0.00
Buy Qty 0.00
Sell Price 0.00
Sell Qty 0.00

Cummins India Ltd. (CUMMINSIND) - Chairman Speech

Company chairman speech

Dear Shareholders

2020 is a year that we will never forget. We experienced a pandemic a healthcarecrisis and the economic fallout of COVID-19. Even today through the second wave of thepandemic many companies continue to experience economic and operational uncertainty.

At Cummins nothing has been more important to us than keeping our employees safe andcontinuing to deliver value to our stakeholders. We have always believed that our abilityto innovate is one of our greatest strengths and that we are only as strong as thecommunities we serve. From introducing new products and services to power our customers'success to providing aftermarket support through the lockdown and serving communitiesthrough our relief effort we have tried our best to follow through on our commitment ofmaking people's lives better. Cummins has been around for over a hundred years globallyand close to sixty years in India. We have survived many crises and taken away valuablelessons from them each time. So amid the economic head-winds decline in demand andsupply chain disruptions we remained disciplined and focused on fulfilling customercommitments and controlling our costs. We had to take some exceedingly tough decisionsand temporarily reduced employee headcount and salaries. Even as I write thisuncertainties continue to prevail as India is still reeling under the effect of thepandemic.

This may take longer than we anticipated but I believe that as more vaccinations arebeing made available to larger sections of our population India will be successful infighting the pandemic. Cummins Group in India conducted vaccination drives at our plantsand regional offices. Efforts are on to extend this to other locations in India. I ampleased to share that we received an overwhelming response to the drive.

As Cummins shareholders you can feel confident in the knowledge that Cummins hasamazing products technology and people and nothing can keep us from growing. Thank youfor your continued support and trust in us. As part of the Cummins India 2020 overview Iwould like to share news and updates on our awards innovation and business growthquality and corporate responsibility with you.

 

The Company's best-in-class products and processes backed by our Mission Vision andValues translated into these awards and recognitions for Cummins f_OutstandingContribution Award in CSR by

Karve Institute of Social Sciences Pune and The International Association of LION'sClub Pune during LION's CSR Conclave 2020.

Cummins India Foundation

Accolades in BRICS Solutions Awards (Category: Living Standards and Demographics)for ‘Masti ki Pathshala' project.

Kothrud Engine Plant f_ACMA (Automotive Component Manufacturers Association of India)Award for reduction of water footprint. f_New Normal Award for implementationof physical controls to curb COVID-19 for smooth operation startup.

Integral Coach Factory- Chennai Project Site (PSBU – Project Business):Customer award for the "Best Contribution in HSE Initiatives" andimplementation in 2019-2020.

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