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Transport Corporation of India Ltd.

BSE: 532349 Sector: Others
NSE: TCI ISIN Code: INE688A01022
BSE 16:01 | 17 Aug 775.00 -16.30
(-2.06%)
OPEN

808.00

HIGH

808.00

LOW

770.00

NSE 15:51 | 17 Aug 774.00 -17.20
(-2.17%)
OPEN

796.50

HIGH

801.75

LOW

770.10

OPEN 808.00
PREVIOUS CLOSE 791.30
VOLUME 16087
52-Week high 858.00
52-Week low 388.00
P/E 20.32
Mkt Cap.(Rs cr) 6,006
Buy Price 0.00
Buy Qty 0.00
Sell Price 0.00
Sell Qty 0.00
OPEN 808.00
CLOSE 791.30
VOLUME 16087
52-Week high 858.00
52-Week low 388.00
P/E 20.32
Mkt Cap.(Rs cr) 6,006
Buy Price 0.00
Buy Qty 0.00
Sell Price 0.00
Sell Qty 0.00

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

Company chairman speech

Dear Stakeholders

It's a pleasure to reconnect with you this year. We have demonstratedimmense resilience and fortitude by overcoming the turbulent pandemic year and itsrecurrent phase. I want to express my gratitude to all medical professionals lawenforcers scientists frontline workers and all those who were at the forefrontcontributing every minute to safeguard humanity and helping us overcome the challengingphase.

We are proud to say that TCI has not only navigated smoothly throughthe crisis but has also been a driving force in keeping the healthcare industrial andessential supply chains moving. At the heart of TCI we immensely value the bond createdwith our people customers vendors and community. We firmly believe that your Company'ssuccess is closely interlinked to the well-being of its stakeholders across the ecosystem.We always ensure a safe diverse and an enabling work environment for our people tolearn evolve and emerge.

People are the backbone of your Company and we have ensured the healthsafety and care for our people. During the pandemic TCI safeguarded the interest of allits employees by no pay-cuts timely bonuses no lay-offs and also helping the extendedfamilies of our team members. Your Company always encourages its employees to upgradetheir knowledge by providing higher education opportunities to enhance and hone theirformal qualifications. During the pandemic the TCI Yodhas our supply chain warriors workedround the clock to ensure timely deliveries of essentials across India and SAARCcountries.

Their outstanding commitment and endurance to stand by customers toassist them in meeting their requirements despite operational issues are commendable.

Progressing with purpose

Today as we stand at this juncture and look back at how far we'vecome we can see the incredible speed with which we've progressed establishing newrecords each time. During the year your Company has achieved revenue of Rs. 32766 Millionas against Rs. 28278 Million in FY2020-21 registering a strong g rowth of 16% year overyear.

TCI is all set addressing the needs of this dynamic sector with moderntechnology and innovative solutions providing seamless interaction between systemspeople processes and customers. Our consistent focus on increasing operationalefficiency cost-effectiveness capital allocation utilisation of assets effectively andinvesting in our people and culture allows us to weather external headwinds and forgeahead with confidence.

As a responsible citizen TCI is committed to sustainability. At TCI wehave focused on achieving the triple bottom line of people planet and prosperity. Interms of our TCI Foundation activities we are particularly focused on the environmentgovernance and social aspects as a firm. We have always believed in timely response tothe changing external environment. TCI is aware that the future of the organisation islinked to the future of the environment. Your Company recognised the global climate changecatastrophe a decade ago and laid down its strategies to reduce carbon footprint throughan integrated multimodal logistics approach a gradual shift from road to rail andcoastal multimodal solutions. TCI Foundation focuses on five core areas of CSR initiativesPreventive Healthcare Education Women Empowerment Rural Development and NationalSports Development. TCI Foundation carried out vaccination drives and also ensured thatmarginalized population gets the benefit of the same.

Outlook

Infrastructure forms a crucial role in fuelling India's vision of beinga USD 5 trillion economy by 2024-25. Various Government initiatives and key strategieswill drive the growth of the logistics sector. The pandemic has changed the consumerbehaviour significantly the rise in e-commerce growing omni-channels China+1 strategywill add to the growth of the industry. The demand will be further driven by huge growthin the end-user industry healthcare & pharma consumption and automobile sectors. Bycombining our unique strengths and capabilities we are all ready to tap in the growth andcreate a seamless experience for our customers.

The future for the sector looks bright. I take this opportunity toexpress my gratitude and appreciate the undaunted spirit of our TCI Yodhas. I thank allthe stakeholders for their constant support and belief in us and our leadership team forthe continuous guidance at every step. We look forward to many more decades of progressand growth.

Stay Safe.
Best Wishes
D. P. Agarwal
Chairman and Managing Director

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