Dolphin Offshore Enterprises (I)
BSE: 522261 | NSE: DOLPHINOFF | ISIN: INE920A01011 | Oil Drilling And Exploration
- Directors Report
- Chairman's Speech
- Auditors Report
- Notes To Accounts
- Accounting Policy
- Finished Products
- Raw Materials
| Chairman's Speech | Year : Mar '09 |
Life to me is a journey - you never know what your next
destination may be David Russell
The booklet you are holding in your hand would have been unimaginable
30 years ago. When I left the Indian Navy in 1977, I had been
associated with the sea for 37 years. The sea was my first love and the
discovery of oil at Bombay High in the 70s, has kept me tied to it.
Today, both maritime security and energy security are on top of the
nation’s agenda – for me, they have encompassed the best years of my
life.
The formation and growth of Dolphin Offshore Enterprises (India) Ltd is
covered in the rest of this booklet. It has been the most rewarding
experience of my life. Starting with a paid up capital of Rs 5,500 on
our Dining table in 79, we were awarded seven projects in excess of US
100 million last year. This magnitude of growth could not have been
possible without the participation of family and friends, but most of
all, my dedicated shipmates, our share holders and business associates
to whom I pay tribute today. A special word of gratitude is due to
Taylor Diving and Salvage Co. Inc, of U.S.A., who opened the door for
us in offshore diving and petroleum technology at the very start of our
journey.
My shipmates have shown that dreams can become reality when we raise
ourselves not just to meet a challenge but to set new benchmarks for
excellence.
As they say, “He who dares to dive, gets the pearl!” There have been
many firsts and many milestones that have brought Dolphin to where it
is today. However, with growth come new responsibilities.
Today, the oceans, on which mankind will increasingly depend on for our
hydro carbons and mineral resources are being threatened by climate
change, which impacts all aspects of life on the planet. Also, as
divers, ROVs (Remotely Operated Vehicles) and submarines explore deeper
depths, the importance of safety regulations and procedures cannot be
underestimated. In a high-risk industry, Dolphin is proud of a safety
record we strive to maintain.
This year, I handed over management of the company to Satpal Singh, one
of my oldest shipmates, who has risen from Assistant Operations Manager
in 1980. I now want to focus on the orderly growth of the underwater
technology industry, which today faces many problems and offers great
opportunities. India has the potential to create a state- of-the-art
International Underwater Technology Training and Research Institute,
which can be a hub for all of Asia and the Middle East. We also need to
have a professional search and rescue organization for our divers and
others who work underwater. The company is launching its own in house
training program for divers. I invite leaders of industry, industry
organizations and government officials to join in this new adventure.
Let us together show the world that India can do it.
Rear Admiral Kirpal Singh
Chairman |
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| Source : Religare Technova | |
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