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Hotline Glass Ltd.

BSE: 500195 Sector: Engineering
BSE 05:30 | 01 Jan Hotline Glass Ltd
NSE 05:30 | 01 Jan Hotline Glass Ltd

Hotline Glass Ltd. (HOTLINGLAS) - Chairman Speech

Company chairman speech

1995 HOTLINE GLASS LIMITED CHAIRMANS' STATEMENT You would be happy to note that your Company has made a net profit of Rs. 7.82 Crores in the initial months of production ending 30th June, 1995. It is very rare that a company makes profit in the initial months in a big project like this. I think it was possible to achieve this due to the hard work of the employees of the Company, timely support by IDBI and the blessing of entire shareholders fraternity. The demand of our Company's product is ever growing and it is expected that the demand would cross 10 Million by the end of 1997. To cope-up with pace, your Company is increasing the capacity to Million sets per annum. The imported equipments have already started from abroad and it is expected that the production on expanded scale would start from April, 1996. I am confident that in year 1996-97, the turnover of your Company would cross Rs. 100 Crores and the company would share its growth with its members. Your Company would be able to produce lass of all sizes, including Computer Monitor Glass. The Company also has the plans of adding one more furnace to cater to the World Market. As discussed in the last General Meeting, your Company is also promoting the project of Colour Picture Tubes, now being set up by Hotline Teletube & Components limited. You would be pleased to note that the project is in a advanced stage of implementation and it would not be too long that your Company would start getting returns on its investment. It would only be appropriate to add that the gains of this investment would be shared with our ever well wishing members. It gives me great pleasure to communicate to each one of you at a time when your Company is on a growth path and is striving to do the best in the interest of not only its members but also in the interest of society at large by providing an Import substitute product to Tube Industry below the landed price. I am sure that I will continue to receive your blessings. Anil Gupta Chairman