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Kesoram Industries Ltd.

BSE: 502937 Sector: Others
NSE: KESORAMIND ISIN Code: INE087A01019
BSE 12:01 | 20 Jun 88.00 -2.05
(-2.28%)
OPEN

90.05

HIGH

90.90

LOW

88.00

NSE 11:49 | 20 Jun 88.20 -1.50
(-1.67%)
OPEN

89.35

HIGH

90.90

LOW

88.00

OPEN 90.05
PREVIOUS CLOSE 90.05
VOLUME 18981
52-Week high 173.25
52-Week low 80.25
P/E
Mkt Cap.(Rs cr) 1,255
Buy Price 88.00
Buy Qty 608.00
Sell Price 88.30
Sell Qty 184.00
OPEN 90.05
CLOSE 90.05
VOLUME 18981
52-Week high 173.25
52-Week low 80.25
P/E
Mkt Cap.(Rs cr) 1,255
Buy Price 88.00
Buy Qty 608.00
Sell Price 88.30
Sell Qty 184.00

Kesoram Industries Ltd. (KESORAMIND) - Chairman Speech

Company chairman speech

CHAIRMAN'S MESSAGE

The state of the global economy no longer gives reason for cheer. Growth has moderatedboth in the advanced economies as well as in most emerging economies. An environment ofprotectionism together with a xenophobic sentiment seems to be sweeping many of theadvanced economies including inexplicably the United States. This gives rise to someconcern. More so because the US economy seems to be on a recovery mode.

Against the above difficult background the Indian economy I am pleased to state iswell poised. The "Make in India" theme is an excellent model. Several boldmeasures undertaken by the Central Government during the last Financial Year includingthe proposed implementation of the Goods and Service Tax will be beneficial for theeconomy as one goes along. However in a world economy punctuated with so many growthfault lines the country would need to aggressively reinforce niches for itself in theworld market.

We at Kesoram Industries Limited spent considerable time in the past year enhancingdirectional clarity in our businesses through prioritising and re-emphasising the goal ofbusiness sustainability.

To this end I must compliment the Tyre Business on its endeavours at realigningmanufacturing capabilities in a situation arising out of our disposal of the Laksar tyremanufacturing facility during the year. The Cement Business faced intense competitivepressures with conviction. The Rayon Business which was spun off as a wholly-ownedsubsidiary during the year has tasted some success in developing products for discerningcustomers. This should stand the Business in good stead in the future.

I thank you all for the faith reposed in the Company. I value your continued support.

Basant Kumar Birla