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Indsil Hydro Power & Manganese Ltd.

BSE: 522165 Sector: Metals & Mining
NSE: N.A. ISIN Code: INE867D01018
BSE 00:00 | 08 Apr 8.00 0
(0.00%)
OPEN

8.24

HIGH

8.32

LOW

8.00

NSE 05:30 | 01 Jan Indsil Hydro Power & Manganese Ltd
OPEN 8.24
PREVIOUS CLOSE 8.00
VOLUME 14547
52-Week high 65.00
52-Week low 7.93
P/E
Mkt Cap.(Rs cr) 22
Buy Price 8.00
Buy Qty 5.00
Sell Price 8.19
Sell Qty 100.00
OPEN 8.24
CLOSE 8.00
VOLUME 14547
52-Week high 65.00
52-Week low 7.93
P/E
Mkt Cap.(Rs cr) 22
Buy Price 8.00
Buy Qty 5.00
Sell Price 8.19
Sell Qty 100.00

Indsil Hydro Power & Manganese Ltd. (INDSILHYDRO) - Chairman Speech

Company chairman speech

Dear Shareholders

Greetings and good wishes !

The Financial Year 2017-18 had been quite an eventful one for your Company. A majormilestone has been achieved in terms of the merger process of your Company along with itsSister Company Indsil Energy and Electrochemicals Pvt Ltd.

The merger has created one entity having a 50% stake in the Oman Company Al-TammanIndsil Ferrochrome LLC (ATIFC). The merger also brings in enormous advantages of riskdiversification and it also brings in a wide variety of product mixes to the Company'smanufacturing portfolio.

As I had pointed out last year your Company's investments over the past few years interms of the ferro chrome smelter in Oman and the Manganese smelter in Andhra Pradesh havestarted bearing fruit.

On a consolidated basis your Company has achieved a sales turnover of '746 Croresvis-a-vis '224 Crores for the previous year. A considerable part of the jump in salesattributed to the merger has brought in additional 23.38% stake in ATIFC belonging toIndsil Energy and Electrochemicals Pvt Ltd.

On EBIDTA terms your Company earned EBIDTA of '105 Crores on a consolidated basisvis-a-vis '23 Crores. The growth in EBIDTA is attributed in two factors viz.

a) The merger process bringing an additional stake in ATIFC.

b) Improvement in performance parameters in both ATIFC and the Andhra Pradesh smelter.

The monsoon in 2017-18 was much better than that of previous two years.However it wasstill below the Company's expectations.

Markets for Manganese have been volatile recently. It has now become a very difficulttask to predict a sustained movement of the markets on the upside or downside. Howeverthe key note that I would like to make here is that your Company has gradually beenreducing its dependence on fortunes linked to the manganese industry in India. With allrecent investments starting to bear fruit I do hope that the year 2018-19 would be arewarding one for all stake holders.

With best wishes

Vinod Narsiman

Managing Director