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Primuss Pipes & Tubes Ltd.

BSE: 513291 Sector: Metals & Mining
NSE: N.A. ISIN Code: INE448N01024
BSE 00:00 | 03 Mar 8.20 0
(0.00%)
OPEN

8.20

HIGH

8.20

LOW

8.20

NSE 05:30 | 01 Jan Primuss Pipes & Tubes Ltd
OPEN 8.20
PREVIOUS CLOSE 8.20
VOLUME 97
52-Week high 17.20
52-Week low 7.22
P/E
Mkt Cap.(Rs cr) 6
Buy Price 8.20
Buy Qty 3.00
Sell Price 8.20
Sell Qty 322.00
OPEN 8.20
CLOSE 8.20
VOLUME 97
52-Week high 17.20
52-Week low 7.22
P/E
Mkt Cap.(Rs cr) 6
Buy Price 8.20
Buy Qty 3.00
Sell Price 8.20
Sell Qty 322.00

Primuss Pipes & Tubes Ltd. (PRIMUSSPIPES) - Chairman Speech

Company chairman speech

Dear Shareholder

India is witnessing a paradigm shift fueled by the central government's various newinitiatives. With the objective of creating jobs and business opportunities the centralgovernment has targeted to make India a manufacturing hub through its 'Make in India'drive. This may lead to a significant increase in industrialization. The pipeline isundoubtedly the lifeline for any industry therefore the demand for pipes is expected togrow. The 'Smart Cities' initiative will be another big opportunity as it will lead tothe demand for better infrastructure which is already witnessing an increased consumptionof steel structures. The government has also pushed for City Gas Distribution for 'SmartCities' which would open new avenues of growth for pipes. With the need for speed inconstruction Pre-Engineered Building is fast gaining acceptance across industries.

The global steel industry continues to face headwinds in a largely volatile globaleconomic environment. However it must be admitted that the industry performance during FY2016-17 was better with improved realizations and a more disciplined supply side response.

If we consider the current stage of development of the Indian economy and the growthtrajectory that it is likely to follow in the coming years the domestic industry hascredible reasons for optimism. India's steel demand is likely to see significant growthgoing forward. The Government of India has also outlined its intent for ensuring longtermviability of the sector through the recently announced National Steel Policy 2017.

At PPL we have demonstrated exceptional foresight and fortitude to emerge strongernotwithstanding challenges. During the year we achieved higher operational efficiencieshigher capacity utilizations and optimizing our raw material usage.

Premier Group is an esteemed brand so long applauded for its consistency andreputation earned across years of hard work brainstorming innovating ideas and teamspirit. Premier Group is a well diversified 20 Year old conglomerate whose operationsrange from manufacturing of reinforcement steel (TMT Bars Billets PVC & Steel Pipes& Precast Concrete) and has recently ventured into Real Estate operations. Premier hasrecently ramped up its production facility at Bindki Road Fatehpur (U.P) to producestructural Steel Hollow Section (SHS/RHS/CHS) along with high- end industrial ERWGalvanised /Black Pipes Tubular Poles and Scaffolding & Formwork System.

Premier Group has more than 5 Manufacturing units situated across Northern India &is growing at an exponential pace across all the verticals to achieve its dominantposition within its peer group and markets its product under brand name"PREMIER".

At Premier we work striving towards excellence in everything we do so as to keep upwith our brand repute as well as to emerge even stronger as a team. We have been entrustedwith years of trust from customers and it's our responsibility to deliver only the bestaffirming everyone's faith and to stand tall each time as the defending champions in theindustry.

Ajay Kumar Jain

Managing Director