You are here » Home » Companies » Company Overview » Kirloskar Electric Company Ltd

Kirloskar Electric Company Ltd.

BSE: 533193 Sector: Engineering
NSE: KECL ISIN Code: INE134B01017
BSE 00:00 | 03 Dec 22.95 -0.35
(-1.50%)
OPEN

23.70

HIGH

23.70

LOW

22.50

NSE 00:00 | 03 Dec 22.85 -0.45
(-1.93%)
OPEN

23.20

HIGH

23.50

LOW

22.55

OPEN 23.70
PREVIOUS CLOSE 23.30
VOLUME 25085
52-Week high 30.70
52-Week low 11.95
P/E
Mkt Cap.(Rs cr) 152
Buy Price 0.00
Buy Qty 0.00
Sell Price 0.00
Sell Qty 0.00
OPEN 23.70
CLOSE 23.30
VOLUME 25085
52-Week high 30.70
52-Week low 11.95
P/E
Mkt Cap.(Rs cr) 152
Buy Price 0.00
Buy Qty 0.00
Sell Price 0.00
Sell Qty 0.00

Kirloskar Electric Company Ltd. (KECL) - Chairman Speech

Company chairman speech

Dear Shareholders

I am addressing you all at a time when the Government of India isfighting challenges on multiple fronts. The Government is battling a global pandemicwhile simultaneously trying to re-build and revive the economy.

Further India faces unexpected challenges as a result of friction onour northern borders. As always your Company stands with the nation and its leadership inthis hour of need.

The Covid-19 has provided an opportunity for all sectors of theindustry to strive to act together to further the national interest and becoming selfreliant. Our Hon'ble Prime Minister has called for ‘Aatmanirbhar Bharat'which has resonated across the nation. We believe that ‘Aatmanirbhar Bharat'will support our industries to ‘Make in India' which shall encompasses theentire value chain of design procurement manufacturing and delivery.

Your Company has all along been striving to be self-reliance in all keysectors such as Steel Cement Power Infrastructure Sugar and Defence. With ourtechnology for sustainable growth as main goal our endeavors is a possible game changerfor domestic industry. To leverage these trends and harness them for productive purposewe need to draw up a long-term strategy with a time bound plan for implementation.

The Covid-19 epidemic has given your Company as well as its Vendorsand Dealers an opportunity to review all systems of working and become more efficient andcompetitive. Thus while we are going through difficult days I believe we will all emergemuch stronger. We look forward to the future with a great deal of optimism. Many newopportunities are likely to open as the world adjusts to the post Covid-19 scene. YourCompany depends on expansion investment in infrastructure and other projects in thecountry. With the impact of Covid -19 investment and expansion projects have beenpostponed and no fresh investments are happening. We expect thaRs. 2nd half of financialyear 2020-21 will signal better economic activity.

During the period under review owing to various initiatives takenincreased market reach implementing latest tools we were able to register close to 25%increase in order book. This increase is across all our products covering core sectorsviz. Sugar Steel Cement Water Supply Irrigation Hydro Carbon Coal Mining andothers. Continuing these practices we are confident of moving ahead with new vigouradding new customers OEMs from all sectors and continue to grow.

I thank all our Bankers financial institutions employees VendorPartners Channel Partners Employees and other stakeholders for their encouragement andsupport. I look forward to continued support as we take on the challenges on the future.

.