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.