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Chairman's Message

 

Dear Shareholders,

What can be a more pleasant task of a Chairman than to report to Phillips Carbon Black Limited Shareholders the best-ever result achieved so far by the Company?

Phillips Carbon Black Limited was set up way back in 1960, production at Durgapur began on 5 th December 1962 and now, years later, we have achieved the highest-ever PBT of Rs. 165.52 crore. The 4 th Quarter PBT was also the highest-ever - Rs. 63.81 crore.

It gives us additional pleasure that this wonderful result was achieved in a year when the global trade environment was not at its best and Indian business was passing through a period of ups and downs.

It is indeed a reflection of our Company's performance all around that with our four plants located at Durgapur, Kochi, Mundra and Palej we achieved in FY'17 the highest-ever carbon black production of 383,316 tonnes. The Make-In- India slogan has been effective, with your Company exporting 93,340 tonnes of carbon black to more than 30 countries and sold another 294066 tonnes within India. It is heartening to report that we also generated 483 million units of power - the highest- ever -- since we decided to convert lean gas into useful power for use in our plants and also sell the excess power to those who need it. In the year-under- review, our Company created many other records by offering to our worldwide customers 24 grades of rubber black and 29 grades of non-rubber black which helped us maintain our leadership journey, which had begun way back in 1962. Under the inspiration of the legendary Dr. B.C. Roy, my grandfather the Late Keshav Prasad Goenka took the bold step of making in India a product totally imported so far. FY'17, as you will see from the pages that follow, was a year of innovation, enhanced operational efficiency, higher cost optimization and opening up new sales opportunities at home and abroad. Braving stiff competition, our Company added some of the world's best-known tyre companies as our new customers.

I am sure you would like to join me in congratulating each member of the PCBL family, who worked as a team of inspired professionals to give us the coveted leadership we have been aiming at for some time. As we embark on another phase of our journey of still better achievements, our employees remain our most valuable asset. We have initiated several programmes to enhance employee skills and commitments. We are indeed proud of creating within the Company a culture of strong ethics and transparency.

I would also like to share with you the belief that PCBL has the capability of achieving more in the year ahead and as we pledge to elevate our Company to the next altitude of value creation, I seek your continued support and guidance.

Sanjiv Goenka
Chairman