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SVP Global Ventures Ltd.

BSE Live

Feb 17, 15:40
403.50 7.50 (1.89%)
Volume
AVERAGE VOLUME
5-Day
4,481
10-Day
4,875
30-Day
3,601
6,454
  • Prev. Close

    396.00

  • Open Price

    318.10

  • Bid Price (Qty.)

    0.00 (0)

  • Offer Price (Qty.)

    0.00 (0)

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SVP Global Ventures is not listed on NSE

Annual Report

For Year :
2016

Chairman's Speech

Dear Members,

I am glad to welcome you to the 34th Annual General Meeting of the Company. Your continued trust, encouragement and support is what gives us energy, enthusiasm, confidence and motivation to strive for betterment.

This year your Company''s Consolidated Sales Turnover reached to Rs.1784 Crores.

During the year your Company took over another Company M/s Citron Infraprojects Limited at a book value of 103 Crores and acquired its entire I textile business.

I am pleased to inform, Shrivallabh Pittie Industries Limited, one of the units of SVP Global Ventures Limited inaugurated its manufacturing facility of 100000 spindles of compact cotton yarn in Jhalawar, Rajasthan with capital outlay of Rs. 450 crores with the hands of the Honorable Chief Minister of the State, Mrs. Vasundhara Raje and started production over there. The plant is regarded as the fastest constructed plant in Asia.

Your company is also implementing another manufacturing facility of 50000 spindles compact cotton yarn and 2400 rotors at Jhalawar Rajasthan.

For 2016-17, your Company is expected to further improve its performance as a result of the capacity addition.

On behalf of the Board and Management team, we wish to thank you for your trust and faith in us. We will continue to build the company and deliver superior returns to our investors. We also thank our customers, vendors, bankers and employees without whom this would not have been possible.

Sd/-

Chirag Pittie

Managing Director

DIN:00117368