EVC & MD’s Message

Dear Shareholders,

The unprecedented economic downturn across the world during the previous financial year has left its ripples on corporate and business performance, essentially in Commodity Industry across the globe. It is, however, heartening to witness the sound performance of your company in these turbulent times -registering impressive growth in both topline and bottomline. Our progression from last year’s turnover of Rs. 1000 crores to over Rs. 1500 crores in the current year presents a growth trajectory that is expected to spell even greater rewards in the years to come.

Our concentrated efforts in Raipur and Raigarh have established us as a frontranking Integrated Sponge Iron Manufacturer. Looking beyond, we are consolidating our presence in the industry as a meaningful integrated Steel Player by implementing a completely integrated steel facility at Raigarh. Besides, our Power venture under the umbrella of Monnet Power Co. Ltd. (MPCL) has taken off with its first Mega Power project of your Company.

Surely, it is the spirit of dynamism that propels your company forward – the same spirit that has helped develop a team that is raring to put our futuristic blueprint into a realistic canvas. I invite you to ride the exciting journey ahead…tomorrow is calling!

Sandeep Jajodia