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Bhagyanagar India Ltd.

BSE: 512296 | NSE: BHAGYANGR |

Represents Equity.Intra - day transactions are permissible and normal trading is done in this category
Series: EQ | ISIN: INE458B01036 | SECTOR: Cables - Telephone

BSE Live

Oct 27, 16:00
17.00 0.05 (0.30%)
Volume
AVERAGE VOLUME
5-Day
812
10-Day
930
30-Day
1,664
148
  • Prev. Close

    16.95

  • Open Price

    17.00

  • Bid Price (Qty.)

    0.00 (0)

  • Offer Price (Qty.)

    0.00 (0)

NSE Live

Oct 27, 15:41
17.35 -0.05 (-0.29%)
Volume
AVERAGE VOLUME
5-Day
3,996
10-Day
3,138
30-Day
8,537
3,768
  • Prev. Close

    17.40

  • Open Price

    17.10

  • Bid Price (Qty.)

    17.35 (10)

  • Offer Price (Qty.)

    0.00 (0)

Annual Report

For Year :
2008 2007

Chairman's Speech

Dear fellow Shareholders, I cordially invite you all to the 23rd Annual General Meeting of your Company. While we witnessed difficulties in Indian and global markets and the challenge of domestic inflation driven by global factors, we appreciate the concern shown, the continued trust, confidence and support of you all which enabled our steady performance. Your company always believed in increasing its preparedness to face future challenges and enhance its competitive position in the industry by exploring new opportunities. After successfully venturing in to the Non-Conventional energy segment in 2006-07 by commissioning of the Wind Power Project with an installed capacity of 9 MW at Kapatgudda, Karnataka State, your Company is gearing to take yet another step by venturing into solar photovoltaic (SPV) Industry. Your Company has formed a Joint Venture Company - M/s. Surana Ventures Limited through which it is planning to manufacture SPV modules, SPV Cells and wafers. M/s. Surana Ventures Limited has already commenced the preliminary work for setting up its SPV module project, at Fab City SEZ, Hyderabad. Your Company also intends to increase the Wind Power Generation capacity to 20MW in the coming years. During the year under review, your Company has recorded a decline of 11.11 % in the income mainly attributable to decline in the contribution to revenues from the Real Estate and Infrastructure segment of the Company from 29% to 10% only. The Indian Real estate sector is witnessing a rough patch mainly due to IT/ITES slow down, sky rocketing interest rates, and high rate of inflation. Though the short term scenario of the industry is not so encouraging but, we believe that long term industry outlook remains attractive, on account of increasing urbanization, growing nuclear families and the increasing number of Indian middle class. Fundamentally, strong GDP growth, increasing tourism traffic and increase inper capita income coupled with lower interest rates shall improve the outlook of the sector in the medium to long term. Your Board of Directors are pleased to recommend a dividend @ 30%for the financial year 2007-08 on the equity share capital of the Company. As we move into another financial year, we are confident that, through our well planned long term, forward thinking strategies and the strength of our core competencies & various initiatives, your Company will achieve improved business performance over the years to come. We continue to remain focused on maintaining strong relationships with all our customers, suppliers, government bodies and all stakeholders. I would like to take this opportunity to extend my deep gratitude to them for their cooperation, continued support and trust. On behalf of the Board of Directors, I would like to thank all the employees for their continued commitment to the Company and the passion to face the challenges in the Indian Economy. G.M.SURANA Chairman