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Sil Business Enterprises Ltd.

BSE: 531890 Sector: Consumer
NSE: SNOWCEMIND ISIN Code: INE734A01016
BSE 05:30 | 01 Jan Sil Business Enterprises Ltd
NSE 05:30 | 01 Jan Sil Business Enterprises Ltd

Sil Business Enterprises Ltd. (SNOWCEMIND) - Chairman Speech

Company chairman speech

ANNUAL REPORT 2000-2001 SNOWCEM INDIA LIMITED CHAIRMAN'S STATEMENT Mr. B.R. Ruia's thirst for new challenges in business was instrumental in his joining the Board of Directors of Killick Nixon Limited and Snowcem India Ltd. He was later appointed as Managing Director and Chairman of Snowcem India Ltd. in the year 1996. Mr. B.R. Ruia was the brain behind Snowcem India's expansion plans. Under his able guidance a large manufacturing unit with modern manufacturing technique was set up in Gotan in Rajasthan. A modern manufacturing unit with double the capacity of Mumbai plant has been set up at Sinnar, Nashik, which commenced production in May 1997 for entire range of Snowcem products. An environmentalist himself, Mr. Ruia set up Wind Mills at Muppandal. Coimbatore and at Satara for generating electricity for captive consumption and also for sale of excess generation to concerned Electricity Boards. A philanthropist by nature, Mr. B.R. Ruia was involved with several charitable institutions and was Trustee of Laxminarayan Mandir Trust, Vile Parle, Mumbai, Ramgarh Vikas Trust, Ramgarh, Rajasthan, where a Referral Hospital is being constructed at a cost of Rs. 2 crore. Mr. B.R. Ruia was also connected with Ramgopal Ganpatrai Charity Trust, Mumbai, Ramgopal Dispensary and Pathshala of Ganpatrai Ruai, Mumbai, Bhakti Vedant Hospital, Mira Road, near Mumbai, and Janaki Jeevan Trust at Ayodhya, by giving regular donations in cash and kind for the benefit of the poor and needy persons. The void created by his unlimely death cannot be filled. However, his business philosophy will always guide us to achieve the goals he had set for the organization. B.R. Ruia 1st Oct. 1928 - 24th Dec. 2000