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Dolphin Offshore Enterprises (I) Ltd.

BSE: 522261 | NSE: DOLPHINOFF | Series: NA | ISIN: INE920A01011 | SECTOR: Oil Drilling And Exploration

BSE Live

May 26, 16:00
4.18 0.00 (0.00%)
Volume
No Data Available
54
  • Prev. Close

    4.18

  • Open Price

    4.18

  • Bid Price (Qty.)

    0.00 (0)

  • Offer Price (Qty.)

    4.18 (2)

Dolphin Offshore Enterprises (I) is not traded on BSE in the last 30 days

NSE Live

May 26, 15:32
3.80 0.00 (0.00%)
Volume
No Data Available
1,625
  • Prev. Close

    3.80

  • Open Price

    3.65

  • Bid Price (Qty.)

    0.00 (0)

  • Offer Price (Qty.)

    0.00 (0)

Dolphin Offshore Enterprises (I) is not traded on NSE in the last 30 days

Annual Report

For Year :
2018 2016 2015 2014 2013 2012 2011 2010 2009

Chairman's Speech

I am extremely pleased to present the details of your Companys performance forthe financial year which is more particularly described in the Annual Report of 2009-2010 a copy of which is enclosed. Your Company has achieved a record turnover of Rs.532.47 crores during FY 09/10 on a standalone basis. The consolidated revenue of the Company was up by 56.89% to Rs. 553 crores and the consolidated net profit after tax was up by 52.42% to Rs. 62.29 crores. The Companys Board of Directors have recommended a final dividend of Rs.1.50/- per share (in addition to the interim dividend issue @1.50/- per share on October 31, 2009) subject to the approval of the shareholders. The Company had also issued bonus shares in the ratio 2:5 in July 2009- the second bonus issue since the Company went public in 1994. During the year, your Company has successfully reached near completion of revamp of NQD process complex and ICP process complex. In addition to these revamp projects, the Company has also successfully completed several other contracts with ONGC, Leighton and Punj Lloyd. The world economic crisis left a deep impact on oil and gas industry globally. Fortunately, it did not have much effect on the growth of the oil and gas industry in India and we expect that there will be significant increase in the E&P activities in the offshore Indian market. In view of the strong growth of the Indian economy and increased investment in the oil & gas sector, the outlook of your Company continues to be encouraging in the coming years. ONGC has planned an outlay of approximately Rs.11,600 crores over the next 3 to 4 years. With the increased activities on the East Coast of India promise more growth opportunities for your Company. Your Company has consistently adopted high standards of Corporate Governance. Good Corporate Governance is always part of the Companys business philosophy. The effort of your Company is not only to comply with regulatory requirements but also practice Corporate Governance principles based on integrity, transparency and overall corporate accountability. I am grateful to the Board of Directors for their support and guidance and also to all customers, bankers, financial institutions, shareholders and most of all to all the employees for their valuable support and co-operation. I look forward to your continued support, trust and participation in the growth of the Company. With warm regards, Rear Admiral Kirpal Singh Executive Chairman