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TCI Developers Ltd.

BSE: 533393 Sector: Infrastructure
NSE: TCIDEVELOP ISIN Code: INE662L01016
BSE 00:00 | 21 Jun 398.75 5.55
(1.41%)
OPEN

361.10

HIGH

400.00

LOW

361.10

NSE 00:00 | 21 Jun 397.95 6.20
(1.58%)
OPEN

384.05

HIGH

401.00

LOW

384.05

OPEN 361.10
PREVIOUS CLOSE 393.20
VOLUME 1780
52-Week high 549.00
52-Week low 255.10
P/E 4430.56
Mkt Cap.(Rs cr) 149
Buy Price 0.00
Buy Qty 0.00
Sell Price 0.00
Sell Qty 0.00
OPEN 361.10
CLOSE 393.20
VOLUME 1780
52-Week high 549.00
52-Week low 255.10
P/E 4430.56
Mkt Cap.(Rs cr) 149
Buy Price 0.00
Buy Qty 0.00
Sell Price 0.00
Sell Qty 0.00

TCI Developers Ltd. (TCIDEVELOP) - Chairman Speech

Company chairman speech

TCI DEVELOPERS LIMITED ANNUAL REPORT 2011-2012 CHAIRMAN'S REPORT Dear Shareholders, I have great pleasure in welcoming you to the 4th Annual General Meeting of your Company and share the Company's performance for the year 2011-12. In any country, the Infrastructure sector holds immense strategic importance. This is true for the logistics infrastructure covering road, rail, waterways and warehousing also. As per the Government projections, Indian infrastructure sector would attract investments of about US$ 1 trillion during the 12th Plan Period (2012-17) with about 50 per cent funding from the private sector. This kind of unprecedented investment in the infrastructure of the country is expected to provide impetus to the logistics sector in the coming years. The recent Government initiatives and increasing participation of private sector to upgrade and strengthen the National Highway network gives a better outlook for the National Highway Development Project. To aid India to achieve its investment target, the Asian Development Bank (ADB) has already revealed its intentions to infuse about US$ 2 billion every year in the country's infrastructure sector. India's warehousing and logistics sector has been growing a steady rate of 8-10% every year to reach the revenue level of about US$190-200 billion by 2020.The proposed implementation of GST and the development of logistics parks and free trade warehousing zones (FTWZs) will speed up the formation of regional hub -based infrastructure and an environment conducive for rationalization of the logistics network. This will help reduce intermediaries and streamline supply chain operations. The existing warehousing capacity of India is estimated to be 80 millions tones with additional requirement of atleast 35 millions tones in the next 5-10 years. The logistics sector has a huge potential to grow in future, therefore the government needs to accelerate the pace of project approvals. It also needs to address problems in the Real estate & Logistics sectors by launching 'high impact' reform initiatives that could boost efficiency such as the goods and services tax, land acquisition, and labour market reforms. Your Company is in the business of developing world class Logistics Parks, modern warehouses and truck terminal to support the logistics Sector of the country. Your Company is looking for strategic partners/investors having long term perspective with reasonable return expectation once the requisite permissions are in place. Coming into our activities during the year under review, construction of a housing project at Pune has started and shall be available for sale in near future and also the development of a warehousing project at MIHAN Nagpur, and the necessary approvals have been obtained and construction process has been initiated. Finally I would like to thank you for the confidence you have reposed in the company, just as in the past and look forward to your support in the years to come. (D P Agarwal) Chairman