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Transport Corporation of India Ltd.

BSE: 532349 Sector: Others
NSE: TCI ISIN Code: INE688A01022
BSE 13:46 | 01 Dec 687.00 -1.00
(-0.15%)
OPEN

688.00

HIGH

708.40

LOW

685.25

NSE 13:39 | 01 Dec 685.95 -0.70
(-0.10%)
OPEN

695.00

HIGH

709.45

LOW

683.00

OPEN 688.00
PREVIOUS CLOSE 688.00
VOLUME 4591
52-Week high 838.00
52-Week low 225.60
P/E 23.99
Mkt Cap.(Rs cr) 5,311
Buy Price 686.15
Buy Qty 3.00
Sell Price 686.60
Sell Qty 16.00
OPEN 688.00
CLOSE 688.00
VOLUME 4591
52-Week high 838.00
52-Week low 225.60
P/E 23.99
Mkt Cap.(Rs cr) 5,311
Buy Price 686.15
Buy Qty 3.00
Sell Price 686.60
Sell Qty 16.00

Transport Corporation of India Ltd. (TCI) - Chairman Speech

Company chairman speech

Dear Stakeholders

India is just coming out of the grip of the second wave of the pandemic much intensethan the first wave faced last year. My heart goes out to all those who have endured theloss of a loved one. I am confident we will eventually overcome the situation. In themeantime I urge you to stay safe strictly follow Covid rules get vaccinated if you areeligible and keep your spirits up.

Your Company navigated the disruptions caused due to the pandemic while promptlyadapting to the ‘New Normal'. TCI has always prioritized its employees' health andsafety. And so last year when the Covid-19 pandemic hit the nation your Companyemphasised on its teams' well-being all the more. Your Company continued enabling itsemployees to support your Company's customers in their mission-critical operations. TCIconsistently maintained its focus on effective capital and asset allocation investment inthe workforce and cost optimization which helps it maintain a steady growth path. TCIremained active in delivering essentials like food grains and pharmaceuticals amongothers through its diversified multimodal operations using the road rail and coastalnetworks. After the initial impact from lockdown-related disruptions in the first quarteryour Company swiftly returned to steady growth in profitability over the next nine monthsexiting the year on a strong note.

Your Company's Performance

Your Company faced turbulent waters during the past year. It was affected by thepandemic and the slowdown which was being carried forward from FY 2019-20. Despite thisyour Company delivered a stable performance. TCI's revenue stood at Rs 282786 Lakhs in FY2020-21 as against Rs 273796 Lakhs in the previous year.

Your Company leveraged its experience over decades combined with technology andunwavering focus to deliver end-to-end integrated multimodal logistics solutions tocustomers.

The year 2020 was the centenary year of your Company's Founder Chairman Shri. PDAgarwal (Shri PDji). It was a proud moment for TCI as your Company commemorated Shri PDjithrough the offcial release of a ‘Customized My Stamp and Special Cover". Thestamp was released by the Department of Posts Government of India in the august presenceof the Honorable Minister of Skill Development and Entrepreneurship (MSDE) Shri. Dr.Mahendra Nath Pandey at New Delhi in December 2020. TCI has always shared a strongconnection of over decades with the Andaman and Nicobar Islands. In the wake of the secondwave of Covid-19 the TCI Group extended support to the people of Andaman & Nicobarin their efforts towards _ghting the pandemic. TCI through its division TCI Seaways andits CSR arm TCI Foundation arranged and contributed 150 oxygen concentrators of 10 Litrescapacity for the service of the people.

Unlocking the Potential of Technology

The pandemic has exponentially accelerated change in the digital landscape and theadoption rate of technology. Integrating technology in the value chain of logistics andsupply chain is one of the cornerstones of growth for the sector in the future. Technologyprovides visibility cost efficiency and ease of doing business. TCI is focused ondelivering customer expectations with the support of technology and tools going ahead.

Outlook

Moving forward strategic investments and Government initiatives to support the sectorare expected to be crucial for the logistics industry in India. The requirement forcontactless logistics services and the need to maintain physical distance remains the needof the hour. In the future the demand will be fuelled by e-commerce healthcare &pharma consumption and automobile sectors. With a strong network and dedicated team theCompany will continue to serve its customers and other stakeholders with renewed focus andcommitment.

Conclusion

As your Company continues to navigate the uncertainties posed by COVID-19 I would liketo express my gratitude to all of TCI's employees especially those in frontline roles whohave shown remarkable resilience and worked tirelessly while ensuring seamless services toall customers. I would also like to thank all of TCI's stakeholders for their continuedsupport and faith in your Company.

Regards
D. P. Agarwal
Chairman and Managing Director

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