This is an interesting and opportune time to be communicating with you.
The Company is perched at an inflection point in its existence. For
years, we were principally a coal tar pitch Company with a marginal
presence in the manufacture of profitable by-products.
In 2007-08, we made a significant extension in our identity: we
extended from a predominantly single product manufacture to the
manufacture of advanced carbon material; in 2008-09, we expect to move
into the manufacture of carbon black, even as we are still engaged in
expanding our coal tar pitch capacity within India and now in China.
The result of this interplay (most initiatives were in place during the
last financial year) was that we grew our revenues from Rs. 32,598.32
lacs in 2006-07 to Rs. 36,325.69 lacs in 2007-08 and strengthened our
EBIDTA from Rs.10,363.07 lacs to Rs. 13,026.45 lacs during the period.
At Himadri, as we strengthen this interplay, we will grow our business
in scale and quality with sustainable implications over the coming
Mr D.P. Choudhary