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Mukand Ltd.

BSE: 500460 | NSE: MUKANDLTD |

Represents Equity.Intra - day transactions are permissible and normal trading is done in this category
Series: EQ | ISIN: INE304A01026 | SECTOR: Steel - Medium & Small

BSE Live

Mar 02, 16:00
62.10 0.10 (0.16%)
Volume
AVERAGE VOLUME
5-Day
14,285
10-Day
11,502
30-Day
11,325
23,273
  • Prev. Close

    62.00

  • Open Price

    63.30

  • Bid Price (Qty.)

    61.50 (4500)

  • Offer Price (Qty.)

    64.45 (50)

NSE Live

Mar 02, 15:59
62.10 -0.20 (-0.32%)
Volume
AVERAGE VOLUME
5-Day
59,541
10-Day
52,662
30-Day
55,665
68,460
  • Prev. Close

    62.30

  • Open Price

    63.95

  • Bid Price (Qty.)

    0.00 (0)

  • Offer Price (Qty.)

    62.10 (100)

Annual Report

For Year :
2006

Chairman's Speech

The Indian economy has performed exceedingly Well in the last three years, with the growth in GDP averaging almost 8 per cent per annum. In his recent speeches, the Prime Minister has raised the bar to 10 per cent growth. Clearly, the country is onto a higher growth path. India exported US$101 billion worth of goods in 2005-2006, while our imports aggregated US $140 billion, the higher imports indicating the needs of a growing economy. If the trade in the services sector is added, India's total global trade amounts to over US $300 billion. This is almost half of India's gross domestic product (GDP). Clearly, the progress of India's integration with the global economy has been remarkable. The automobile components industry, which is the major customer for your company's alloy and special steels, has registered a compound annual growth rate of 33 per cent in the last three years and the industry's direct supplies to global original equipment manufacturers (OEMs) have grown by 70 per cent in the year 2005-06. 2005-06 has been a year of consolidation for the Company. The Company has further reinforced its position as the leading supplier of alloy steel for manufacture of critical components to the automobile and automotive components industries. Our customers are leaders in their fields and the standards of quality demanded by them are getting increasingly stringent. The Company has also been approved for supply of bearing steel to one of the world's largest manufactures of bearings, for their Indian operations. The company's stainless steel has been approved for use in the manufacturing equipment for nuclear power plants, a `first' for an Indian company for such a critical application. The trials taken on the static test facility set up by the Company for solid propellant rocket motors used in missiles and satellites, for the Defence Research and Development Organisation of the Government of India, were successful. The work included design and development of intricate mechanical equipment and high-technology instrumentation systems. The Company is making sustained efforts to move on to higher value added businesses. However, I am not saying that this was the best of times for Mukand. The best is yet to come. RAHUL BAJAJ Chairman