Our performance during the Financial Year 2012-13 may not be
encouraging, but all this happened in the backdrop of challenging
market conditions. We are pleased to report a healthy Sales figure of ?
136.26 Crores. The Caustic Soda production and Wind Power generation
also zoomed significantly. Now begins the crucial lap of the journey
which is expected us to take to newer orbits of green growth.
oFrom quite some time the Indian economy had consistently been an area
of concern. Economic growth on an overall basis plunged to 9 years of
lowest records, setting-off heated debates and arguments among policy
makers and business leaders for the way ahead. A deeper look on this
grim situation, gives us the exact realistic idea for such a dismal
economic situation. Sluggish investments, policy inertia, persistent
inflation, growing fiscal deficit, weakening rupee, global volatilities
and so on. As a result, businesses are finding hard to assess and
mitigate risks, realize their true potential and create value for
Outlook for the Financial Year 2013-14 for the Indian economy seems to
be cautiously optimistic. The recent moderation in global commodity
prices is expected to augur well for both inflation and CAD.
Additionally, the governments continued commitment towards fiscal and
administrative reforms, alongwith expeditious execution, are bound to
improve further growth prospects. All this is expected to usher a
sustainable turnaround for the Indian economy in the Financial Year
The performance made by the Company had not really been encouraging and
appealing. In the backdrop of a challenging market scenario, we tried
hard to give something positive and the result had been with a growth
in our Sales figure but the dampening part was our Profit which was on
the lower side due to rising power tariff as well as the finance cost.
We are defeating expected and unexpected changes affecting our business
operations, by implementing stable strategies and embracing agility. We
thus continue to be one of the leading producers of Chlor-Alkali
Chemicals in Eastern India.
To tide over the challenges the Company is trying to achieve
cent-percent capacity utilisation, alongwith controlling costs through
new techniques, growing market share by moving ahead into newer
domestic geographies. The Company is also evaluating the feasibility of
adding new by-products of Chlorine for value addition and also ensuring
the expansion of the plant in near future.
Sound Corporate Governance
We are committed to high standards in corporate governance and aim to
implement best practices beyond compliance requirements.
Our Board currently comprises of eight directors, including a majority
of independent directors with varied expertise. The Company has also
adopted various measures for a cordial working relation between the
workers and the management. Workshops are being organized on a regular
basis to impart training to the Company''s personnel and also to make
them aware of the developments in the Industry.
Corporate Social Responsibility
As a socially responsible citizen, we have made significant steps to
uplift the morale of the communities in the vicinity of our plant. Our
effort involves a free homeopathy clinic, Jayshree Chemicals School
maintained by the Company, various greening activities around the plant
as well as donation of books and clothes in association with the Anand
Safety is also accorded the utmost priority at our Company. Through
our continuous effort and dedication, the year didn''t report a single
I am grateful to the management team for their wise counsel and
enthusiastic participation in our journey. Thanks to all members of the
Jayshree Chemicals Limited family for their heart-warming encouragement
We are fully geared for a sustainable green growth in the years to
Best wishes, SKBangur