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Olectra Greentech

BSE: 532439|NSE: OLECTRA|ISIN: INE260D01016|SECTOR: Telecommunications - Service
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Chairman's Speech (Olectra Greentech) Year : Mar '05
Dear Shareholders,
 
 I have pleasure in welcoming you all for the 5th Annual General Meeting
 of your company. The Director's Report and Audited Accounts for the
 period ended 31.03.2005 have been sent to you and with your permission,
 I shall take them as read.
 
 During the year under review, there has been lot of events worldwide,
 which have had an impact on India. The changing Technologies combined
 with country's focus on infrastructure development have opened new
 business opportunities especially in the energy segment. Your
 Director's have deliberated and have felt that the company needs to
 diversify and contribute to growth of energy sector style its own
 efforts. Accordingly, your company will be entering in the field of
 coverings/wrappings for/protection of Gas and Oil pipe joints, through
 in house technology route.  The Company will also enter into prepaid
 metering system business with technology partnership route. These
 initiatives will put your company firmly in energy sector business.
 
 Over the years, the service sector has seen phenomenal growth. Your
 company is taking initiatives to enter the high technology knowledge
 management service area. The Company intends to emerge as a Service
 Provider in Engineering, Project Managements, Maintenance & Services in
 Energy Sector areas. Suitable plans are being put in place. Progress on
 this issue will be reported in due course. Our BPO business is
 flourishing and is expected to remain stable in future terms.
 
 Your company has put special emphasis on quality & delivery and keeps
 its customers as the main focus. The customer satisfaction is going to
 take the company forward. I would like to take this opportunity to
 thank all the Financial Institutions, Banks, Central Government,
 Government of Andhra Pradesh, press, employees my Colleagues on the
 Board and Shareholder for their guidance and support to the Company.
 
 S.P. Shukla
 Chairman
Source : Dion Global Solutions Limited
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