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Rohit Ferro Tech Ltd.

BSE: 532731 Sector: Metals & Mining
NSE: ROHITFERRO ISIN Code: INE248H01012
BSE 12:31 | 17 Feb 0.40 -0.02
(-4.76%)
OPEN

0.40

HIGH

0.44

LOW

0.40

NSE 12:43 | 17 Feb 0.50 -0.05
(-9.09%)
OPEN

0.50

HIGH

0.50

LOW

0.50

OPEN 0.40
PREVIOUS CLOSE 0.42
VOLUME 7900
52-Week high 1.66
52-Week low 0.38
P/E
Mkt Cap.(Rs cr) 5
Buy Price 0.40
Buy Qty 2100.00
Sell Price 0.44
Sell Qty 2000.00
OPEN 0.40
CLOSE 0.42
VOLUME 7900
52-Week high 1.66
52-Week low 0.38
P/E
Mkt Cap.(Rs cr) 5
Buy Price 0.40
Buy Qty 2100.00
Sell Price 0.44
Sell Qty 2000.00

Rohit Ferro Tech Ltd. (ROHITFERRO) - Chairman Speech

Company chairman speech

ROHIT FERRO-TECH LIMITED ANNUAL REPORT 2011-2012 CHAIRMAN'S REPORT TO OUR STAKEHOLDERS, At RFTL, our story is not just about manufacturing ferro-alloys but one of forging ahead despite adversity. Our story is not just of reliably supplying products but one of relentless pursuit of discipline and excellence. Our story is not just of reaching out to most parts of the globe but one of applying practical solutions to face even the most insurmountable challenges. The year 2011-12 will be remembered as one in which we continued our march ahead, despite several headwinds, to create a sustainable and future-ready business model. This is already reflected in the fact that our total revenues increased to Rs. 1,684.92 crores, EBIDTA to Rs. 188.15 crores in 2011-12 and we exported nearly 62% of ferro-alloys produced which underlines strong demand of our products in overseas market. When we went into business and commenced operations, we were firm in building an enterprise that would not be swayed by short-term challenges but would stand tall even in the face of the worst crises. Several financial, operational and organisational initiatives that we have driven very meticulously into the fabric of our culture have helped create a business model that is built to face the stress test and thrive. In particular we have: * Considerably increased our value chain ownership through the possession of economic interest in coking coal and thermal coal mines on the one hand and manufacture of ferro-alloys and stainless steel on the other. * Extensively enhanced business sustainability through this integration, which will enable us to capture value across all intervening points of the chain, extend our geographic footprint to cater to a larger customer base, open up several new revenue streams and de-risk the enterprise as a whole. * Significantly optimised overhead expenses by minimising wastages and maximising output, procuring resources in bulk to reduce input cost and tapping those pockets which fetch us the best realisations. Way forward Going ahead, we plan to focus on: * Maximising capacity utilisation to not only generate a larger output but also to optimise overhead costs. * Stabilising operations at our greenfield stainless steel plant. * Enhancing ferro-alloys output at Jajpur through the establishment of an additional 33 MVA furnace; financial closure for this project has already been achieved. * Focusing on developing infrastructure across our Indonesian coal mines. * Executing works on our 67.5 MW captive power plant as per the blueprint. I would express my gratitude to our diverse stakeholders, customers, vendors, bankers, all the staff members and the Board of Directors for their continued support, enthusiasm and guidance. I look forward to your continuing patronage and trust in our mission. Sincerely, Suresh Kumar Patni Chairman