It gives me immense pleasure in putting forward before you the Annual Report for the Financial Year 2017-18.
Jiya Eco Products Limited, celebrated three years of its listing on BSE platform on July 16, 2018. Company got migrated to main board of BSE Platform with effect from February 08, 2018.
F.Y. 2017-18, a year which will be remembered as a year of great success, the total income of the Company has increased significantly from Rs. 52.02 crore in the previous year to Rs. 91.82 crore in 2017-18, respectively the profits of the Company have also increased from Rs. 4.17 crore to Rs. 8.56 crore.
During the F.Y. 2017-18, Jiya Eco India Limited and Jiya Eco (Gandhidham) Private Limited, have become wholly owned subsidiaries of Jiya Eco Products Limited.
Jiya Eco India Limited, a Company which is incorporated under Company Act, 2013, has a calculative plan and project to install 1500-2000 stoves and burners in quick time span for which the fuel to be used in such stoves and burners will be Pellets manufactured by Jiya Eco Products Limited.
Whereas Jiya Eco (Gandhidham) Private Limited, a Company incorporated under the Company Act, 2013, is setting up a new pellet manufacturing plant at Gandhidham with an approximately installed capacity of 2,60,000 tons per annum. It will help to expand business in different region, transition benefits and also for future prospects of exports. Gandhidham Plant will be commenced in the second half of the F.Y. 2018-19.
I would like to place on record sincere gratitude and appreciation towards the employees for their hard work, cooperation and dedication at all levels during the year.
I would also like to convey sincere gratitude towards our customers, shareholders, suppliers as well as bankers, regulatory and government authorities for their continued support.