I have great pleasure in welcoming you all to the 32nd Annual General
Meeting of your Company.
This year, your Company has achieved yet another milestone. In 1985,
your Company was the first to introduce the Monopolar Electrolysers
from M/s Chlorine Engineers Corporation, Japan (CEC). This year your
Company has repeated history by introducing, for the first time in the
Country, a new BiTAC® Electrolysers from CEC, Japan.
The new Plant was commissioned during August 2014, and is operating
well within the agreed operational parameters and will result in
savings in energy consumption.
Your Company has also replaced the old Caustic Concentration plant with
a new Plant and this was commissioned in the month of March 201 5. This
will also result in improved operational efficiencies.
As all of you would have noticed from the Annual report for the year,
the Profitability for this year is Rs.10.23 Cr. against Rs.16.45 Cr.
for the previous financial year. The Revenue from Operations (Net) for
this year is Rs.110.39 Cr. against Rs.112.66 Cr. for the previous
financial year. The decline in the profitability is mainly on account
of lower realizations for the products due to adverse market
conditions, higher power and depreciation cost.
We still await the Statutory clearances for the Company''s expansion
plans and a favourable decision on our appeal before the National Green
Tribunal. Your Company has also made plans for venturing into newer
areas for Chlorine utilisation. The new Salt fields which were acquired
are slated to commence production shortly. With all these measures, I
am confident that your Company is poised for a great leap ahead and
achieving good results in the forthcoming years.
PROCESS SAFETY MANAGEMENT
Your Company has begun implementing the Process Safety Management (PSM)
and is also working on the Sustainability Report.
CARBON FOOTPRINT STUDY
I am very happy to inform that your Company is the first in the
Chloralkali Industry in India to have carried out the carbon footprint
study in association with The Energy and Resources Institute (TERI),
Your Directors have recommended the payment of dividend of 25% for this
I thank all the Shareholders of the Company for the confidence they
have reposed on us.
On behalf of all your Board of Directors and on my behalf, I would like
to express our sincere gratitude to all our Stakeholders, for their
valuable support. We also thank all the CALmates for their efforts and
commitment towards their contribution to the progress of your Company.
I express my gratitude to my Directors on the Board for their valuable
Thank you all for attending this meeting.
Place : Chennai Suresh Krishnamurthi Rao
Date : 27th April 2015 Chairman