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AIA Engineering

BSE: 532683|NSE: AIAENG|ISIN: INE212H01026|SECTOR: Castings & Forgings
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Chairman's Speech (AIA Engineering) Year : Mar '19

Dear Shareholders,

I’m delighted to report another satisfying year for AIA as we continue our focused efforts towards pursuing our long term objectives. Our strengths in the areas of metallurgy, part design, global foot-print and skilled talent base remain the focal points around which we continue to invest.

As you are aware, there is a large opportunity for the Company in the mining space for conversion of forged wear parts to high chrome. Your Company has developed high chrome solutions which can reduce wear cost, optimize power consumption and increase throughout in grinding process and improve recovery in down process, in effect becoming a comprehensive long term solution partner with the customer. In line with this, your Company continues to invest in new capacities to meet with the objective of increased market share.

As I have mentioned in the past, the process of conversion from forged to high chrome is challenging and time consuming. However, I believe we are fully equipped with a multi-pronged strategy to ensure that we are successful in achieving our medium and long term goals.

I thank all the stakeholders for placing their trust and confidence and look forward to your continued support. Best Wishes,

Bhadresh K. Shah

Managing Director,

AIA Engineering Limited

Source : Dion Global Solutions Limited
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