You are here » Home » Companies » Company Overview » Tantia Constructions Ltd

Tantia Constructions Ltd.

BSE: 532738 Sector: Infrastructure
NSE: TANTIACONS ISIN Code: INE388G01018
BSE 12:48 | 22 Oct 6.80 -0.30
(-4.23%)
OPEN

7.10

HIGH

7.10

LOW

6.75

NSE 13:02 | 22 Oct 6.60 -0.30
(-4.35%)
OPEN

7.20

HIGH

7.20

LOW

6.60

OPEN 7.10
PREVIOUS CLOSE 7.10
VOLUME 2090
52-Week high 10.93
52-Week low 0.90
P/E 1.54
Mkt Cap.(Rs cr) 20
Buy Price 0.00
Buy Qty 0.00
Sell Price 6.75
Sell Qty 5000.00
OPEN 7.10
CLOSE 7.10
VOLUME 2090
52-Week high 10.93
52-Week low 0.90
P/E 1.54
Mkt Cap.(Rs cr) 20
Buy Price 0.00
Buy Qty 0.00
Sell Price 6.75
Sell Qty 5000.00

Tantia Constructions Ltd. (TANTIACONS) - Chairman Speech

Company chairman speech

CHAIRMAN’ S STATEMENT

Dear Fellow Shareholders

My warm greetings to all of you….

It is a great honour for me to address all of you on behalf of the Board of Directorsthe 53rd Annual Report of your Company. The extent of the disastrous effect ofthe policies of the prior Government is now becoming apparent. It is clear now that itwill take longer for the economy to return to good health than was earlier expected. Yetthe new Government has done well to start the process of laying a solid foundation foreconomic growth. A key request of the construction industry for a long time has been asubstantive change to the dispute resolution mechanism seeking payment of awarded amountson completion of an arbitration and appealing against the same only in exceptionalcircumstances rather than as a rule. Another key request has been to ensure that all landis made available before award of projects so that works proceed speedily and disputesrelating to idling are eliminated. Both these requests if actioned will bring about atangible qualitative change in the manner in which projects are executed andinfrastructure is created in India the benefits of which will be seen within the short tomedium term. The ambitious GDP growth and job creation targets set by the presentGovernment will then be a reality. The economies globally are facing their own challengescharacterized by rapidly changing geo-political environment and volatility in currency.

Facts and figures

The Company’s turnover (standalone) stood at Rs.24 060 lacs in 2017-18 ascompared with Rs. 32317 lacs in 2016-17. The increase in the net loss is mainlyattributable to the lower turnover. To overcome the challenging business environment theCompany has proactively undertaken steps to realization of claims cost optimizationmonetization of assets and carefully bidding for new jobs apart from focusing onstreamlining internal processes with an emphasis on leveraging the Company’s existingcore competencies. The Company’s order book was Rs. 1796.68 crores as on 31 March2018.

Way Forward

Lastly I am grateful to our entire stakeholders’ family company colleaguesbusiness partners customers and all others for reposing their faith in us employees fortheir resolve and unstinted devotion our Members on the Board for their wisdom andcontinuous support and you our shareholders for reposing trust & faith in us. Thankyou for your support for over last 53 years and we hope you continue your association withus forever.

Best wishes

I.P Tantia

.