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UB Engineering Ltd.

BSE: 509992 Sector: Engineering
NSE: UBENGG ISIN Code: INE328C01013
BSE 00:00 | 02 Mar UB Engineering Ltd
NSE 05:30 | 01 Jan UB Engineering Ltd
OPEN 6.28
PREVIOUS CLOSE 6.94
VOLUME 3599
52-Week high 6.94
52-Week low 0.00
P/E
Mkt Cap.(Rs cr) 12
Buy Price 0.00
Buy Qty 0.00
Sell Price 0.00
Sell Qty 0.00
OPEN 6.28
CLOSE 6.94
VOLUME 3599
52-Week high 6.94
52-Week low 0.00
P/E
Mkt Cap.(Rs cr) 12
Buy Price 0.00
Buy Qty 0.00
Sell Price 0.00
Sell Qty 0.00

UB Engineering Ltd. (UBENGG) - Chairman Speech

Company chairman speech

UB ENGINEERING LIMITED ANNUAL REPORT 2010-2011 CHAIRMAN'S REPORT Dear Shareholders, I extend hearty welcome to you all at the 40th Annual General Meeting of the Company. It gives me immense pleasure to report that your Company is getting strength by strength with continued growth since last year. The projected growth in world economy in 2011 and 2012 is estimated at 4.4% to 4.5%. The rising commodity prices, global crude oil prices and inflationary pressures have afflicted the growth not only of the global economy but the Indian economy as well. With Government of India's continued focttson infrastructure 7 power in recent budget 2011-12, increased budgetary outlays there is tremendous growth potential. The company has carry forward order book of Rs. 11867 Million as on 31stMarch,2011 and further orders are in pipeline. .Considering huge potential for pre-fabricated steel structures, your company is in the process of construction of fabrication unit at Chhattisgarh on the land allotted %'CSIDC. The commercial production is expected by the end of the current fiscal. UB Infrastructure Limited, Wholly Owned Subsidiary of your company is now poised to undertake the projects for construction of roads, highways, bridges etc. Your Company is also exploring the avenues for overseas business ventures and has now established Joint Venture Company UB OSTAN (India) Private Limited for manufactureof injection moulds, injection moulding components etc. During year under review turnover of the Company has increased from Rs.5268 Million to Rs.6108 Million. However increased interest burden on loan funds and depreciation have pulled down the profits of the Company. With a view to conserve the resources far working capital, no dividend is recommended for the year under review. I am sure you will continue to support in my endeavor in consolidating and strengthening the growth of the Company both horizontal and vertical. I wish to record my sincere thanks to you all, UB Group, my colleagues on Board, banks, suppliers, employees for their warm support from time to time. S.D. Lalla Chairman