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Galada Power & Telecommunication Ltd.

BSE: 504697 Sector: Metals & Mining
NSE: GALPOWTEL ISIN Code: INE255C01018
BSE 00:00 | 01 Aug 3.20 0
(0.00%)
OPEN

3.20

HIGH

3.20

LOW

3.20

NSE 05:30 | 01 Jan Galada Power & Telecommunication Ltd
OPEN 3.20
PREVIOUS CLOSE 3.20
VOLUME 201
52-Week high 8.75
52-Week low 3.20
P/E
Mkt Cap.(Rs cr) 2
Buy Price 0.00
Buy Qty 0.00
Sell Price 0.00
Sell Qty 0.00
OPEN 3.20
CLOSE 3.20
VOLUME 201
52-Week high 8.75
52-Week low 3.20
P/E
Mkt Cap.(Rs cr) 2
Buy Price 0.00
Buy Qty 0.00
Sell Price 0.00
Sell Qty 0.00

Galada Power & Telecommunication Ltd. (GALPOWTEL) - Chairman Speech

Company chairman speech

2016-17 has been a year of upheaval for unethical players in the Industry Trade andsocial front. It is a war against poverty inflicted by unscrupulous and anti Indiangroups. The demonetization the new currency the plastic card usage drives have more thanclearly demonstrated that country has to go on the path of growth development and overallprosperity of all sections of Indian citizen. The actions taken have slowed down entireeconomic activity for the last four months of year 2016-17 but for your company it hasopened new horizons of survival and growth. Hopes of better days ahead have kindled to allgenuine enterprises after decades of which we are one.

In essence first four months 0f 2017-18 due to monsoon and last four months of2016-17due to war on unethicality has slowed economic activity but still it has not pushedour spirits down inspite of the fact that financial impact is considerable. We hope andtrust that everything will be fine from now on.

The positive developments are growth of Solar power creating a new market for compactAluminium core conductor for such cables which your company has successfully developed.The strict quality drive has also shown positive growth trend for AAAC manufacturers likeours.

Though growth of Multi Strand Conductor Capacity of existing customers had negativeimpact on us but very quickly your Company has sprung back due to better contribution inthe above products. Rod operations are bad due to Primary producers increasing theircapacity. The company has to be innovative during 2017-18 to survive and grow.

While we are paying back the lenders who have given OTS we are keenly working out aconcrete plan for other lenders namely SASF and Syndicate Bank. The Company's efforts areon and commitment of all members of Team Galada is at a new high. I think we will come outvictoriously during the balance of 2017-18 & thereafter.

Govt. of India's new thrust on genuineness has emboldened us to face the negativitywhich I am confident will be overcome soon. Let our country and genuine fighter companieslike Galada come back to its original premium position and this is our prayer.

All participants in this mission like colleagues in Plant Office Customer endInstitutions Suppliers and Share Holders will ensure success of your company.

Shri. S.M. Kankaria

Chairman.