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Hind Rectifiers Ltd.

BSE: 504036 Sector: Engineering
NSE: HIRECT ISIN Code: INE835D01023
BSE 13:48 | 26 Oct 185.95 19.30
(11.58%)
OPEN

168.05

HIGH

192.20

LOW

168.05

NSE 13:39 | 26 Oct 186.20 19.30
(11.56%)
OPEN

168.50

HIGH

194.85

LOW

168.00

OPEN 168.05
PREVIOUS CLOSE 166.65
VOLUME 6064
52-Week high 232.25
52-Week low 117.45
P/E 47.32
Mkt Cap.(Rs cr) 308
Buy Price 185.15
Buy Qty 4.00
Sell Price 185.55
Sell Qty 3.00
OPEN 168.05
CLOSE 166.65
VOLUME 6064
52-Week high 232.25
52-Week low 117.45
P/E 47.32
Mkt Cap.(Rs cr) 308
Buy Price 185.15
Buy Qty 4.00
Sell Price 185.55
Sell Qty 3.00

Hind Rectifiers Ltd. (HIRECT) - Chairman Speech

Company chairman speech

This past year has been one of the most challenging years that we had to endure bothpersonally and professionally.

We lost our beloved Chairman & Managing Director Shri. S. K. Nevatia in September.He was the founding Managing Director of the Company and a true beacon of discipline andinspiration. We will continue to uphold his values beliefs and vision and ensure hislegacy continues.

Like other companies we too faced tremendous pressure of the global pandemic and thechallenges that came along with it. We have struggled last year but survived and keptourselves afloat.

One fact that we all know for certain is that your company is known for its capabilityto endure the tough times and come back even stronger.

This year we aim to repair some of the damages of the previous year and expect toreturn to our regular EBIDTA levels by the next year.

We are focused on achieving our growth plans this year with an addition of manyproducts to be launched in the market. These products will help us to not only increaseour top line but also significantly reduce material cost and import dependence to improvethe bottom line.

We are now moving from being a standalone component supplier to a complete solutionprovider and system integrator.

Our R&D team is relentlessly working to design and develop new products usinginnovative technologies to ensure we are able to stay ahead of the technology trend andexceed customer’s expectation.

Trust you are all keeping well and taking the necessary safety measures.

Take care and stay safe.

Pradeep Goyal

Chairman

.