Warm Greetings to you all. It gives me immense pleasure in sharing your Company''''s outstanding performance in all spheres of business.
This was another year of exciting innovations, further improvement in execution and sustained focus on operational efficiencies. Your company continues its relentless efforts in developing world class facilities and processes to manufacture specialty and fine chemicals and in this pursuit, during the year your Company has planned to set up a plant to manufacture Acetonitrile, which will be commissioned by end of Aug-Sep, 2016.
In line with your Company''''s underlying objective and quest for a pan 360 operationally efficient model we are continuing our efforts on an ongoing basis in integrating various plants, Installing higher capacities as well as undertaking regular technology upgrades at plants which has paid rich dividends in better capacity utilization and resulted in value addition across all the products and has lead to better realization.
Your company has continued to increase Exports, engagement with International Customers with good growth prospects, which we hope will reflect in higher exports over the long term.
With above background and considering the way ahead, I am confident that your company will continue its robust growth path in the coming years. I take this opportunity to thank all our shareholders, customers, Banks, Government of India, Government of Maharashtra, Government of Telangana, suppliers, partners, employees and all other stakeholders for their unstinted and continued support and look forward to the same at all times in the future. ,
With Best Wishes,
A. Prathap Reddy
Chairman & Managing Director.