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It is my pleasure to share with you that our company has diversified its business area and is setting up a Rubber Reclamation Project. Under this project, we will manufacture rubber sheet and rubber product through various processes, by following the principle of 4 Rs of Reduction, Recycling, Reusage and Recovery of waste tyre and other rubber material. For this project, Company has finalized Gujarat as its location and preliminary work has already been started at the project site. I believe that after starting this project, we will be able to enhance our profitability by manifolds with the Companys motto of saving our Earth and its fragile resources. Detailed information is provided in Management Discussion and Analysis Section of this report.
Expansion in our business area clearly shows our urge for achieving new heights. We in S. E. Power believe in the spirit of ceaseless improvement. Our Company does not believe in having done enough and do not believe to set targets in comparison with others, as it loses the spark of motivation that keep it on its toes. I am also confident that we will grow from strength to strength in our endeavor to make this Company into one that delivers value and satisfaction to society at large.
I, once again would like to convey my sincere thanks to all our shareholders for their continued trust and confidence in the Management of the Company. I wish to express my gratitude to my colleagues on behalf of the Board of Directors for their valuable guidance, support and encouragement.
I also convey my sincere thanks to Governments, our bankers, lenders, suppliers, auditor, legal advisors, consultants and all other business associates and various authorities for their support.
As an organization, S. E. Power cares for its employees and has taken several initiatives that are spearheaded for their development. To embark on a journey which promises to be exciting and rewarding to every stakeholder, we look forward for your continuing support.
Place : Delhi Date : 02.09.2013