It has been a volatile and turbulent year for the oil industry and your Company has not been shielded from the consequent impact. The severe slow/down in upstream sector slams no sign of ceasing and is expected to prevail over the nearer term. Despite that, our continued steady performance in this sector has provided a strong sense of comfort to all stakeholder''''s. Jindal Drillin g & Ihonotrie Ltd. (JDIL) has honored all of its commitments towards stakeholders such as financial, safety, environment, quality and many more.
I believe that JDI L can only withstand the current difficult economic scenario and swiftly move forward on its path towards growth, with the continued involvements hoed support of key/ stakeholders . JDIL continues to push boundaries in order to create value that is sustainable and ensure that it stays ahead of competition.
J DIL has re-evaluated the industry conditions and has specifically allocated resources towards achieving greater energy independence for the country h accordance with Government policy. It is focusing on newer strategies to enhance returns and I am confident that effective implementation of these started will by instrumental in enhancing the prosperity of the Company in future.
I deeply appreciate all our employees for their resilience and hard work and share holders for Rhee valuable guidance and enduring support.
D P Jindal