By focusing attention on new business arenas for monolithics and
benefiting from the improvement in steel production, your Company has
surpassed Rs. 400 crores in turnover and Rs. 200 cores in Reserves &
Surplus this year while retaining the debt-free status. Being
confident of the future, your Company is expected to complete the
Kolkata plant expansion for doubling its capacity by end May 2011 and
is looking forward to further expansion opportunities.
The Vesuvius Group continues to support your Company with latest
technology, management inputs and export opportunities and has recently
laid down a strategy for sustainable profitable growth worldwide. Your
Company is aware of the enormous business prospects
in the steel as well as non-steel markets in which your Company
operates and will derive benefits from implementation of the Groups
thank you for your continued support to your Company. With my best
wishes to all of you.
Dr S.K. Gupta