Dr. Dinesh Kumar Likhi
With completion of Financial year 2015-16, I thank all stakeholders who have helped MIDHANI to attain best ever performance. I want to highlight some of remarkable key financial indicators as under:
For each of you, I would like to enlighten our achievements during FY 2015-16.
– OUR CUSTOMERS:
The Financial year 2015-16 though challenging, was still a productive year for us in terms of Customer relations. Biggest achievement of MIDHANI during FY 2015-16 is highest ever Order Booking of 909 Cr.
I thank all our customers for the opportunity to serve you and reassure you on MIDHANI's firm commitment to scale up our level even further by surmounting all challenges and ensuring timely delivery to all customers coupled with Cost competitiveness.
We are now equipped with a new Ring Rolling Mill, 6000 T Forge Press, new melt shop with 20 T EAF, LF, VD/VOD, new ESR, new VAR facilities. Apart from creation of responsive eco-system, MIDHANI is poised to diversify into new sectors such as Tungsten, Carbon fiber, Armouring, Aluminum alloys etc.
The MoUs signed by MIDHANI with some major organizations like BHEL, SAIL, NTPC etc. are a sign of confidence placed on MIDHANI's ability to address new problems/challenges. With enhanced focus on customized alloys, we also welcome our new partners in this journey of growth.
I seek your valuable support and partnership in our joint journey of developing and delivering high performance alloys to strategic sectors.
– OUR VENDORS:
We consider our vendors as partners in our progress path. Under “MAKE in INDIA” initiative, we have published list of items under import substitutions category which needs to be supplied by indigenous vendors. We depend on our vendors both of domestic and international origin, small, medium and large in size to ensure prompt, quality and cost effective supply of input materials to support our value chain. We thank you for enabling us to reduce the cost of our final products by providing us competitive cost quality resources especially in area of LPG and key raw materials.
As a value-generating enterprise, I reassure all our employees of MIDHANI's thrust to amplify strategic human resources development and initiatives in this regard shall be in the direction of ensuring “Talent management”.
The future brimming with new possibilities and enticing challenges will make MIDHANI an organization where employees will be more proudly associated with self motivation, emotional quotient and confidence. I am sure all of our employees (Direct, Contract, Casuals) will take our company to a new high .
I reiterate MIDHANI's firm commitment to remain a responsible corporate entity, abiding by the laws and rules of the Government both State and Central. MIDHANI a profit making, consistently dividend paying Government of India Enterprise, continues its push to develop entire range of special metals and alloys needed for the country to cater to the needs of the strategic sectors of India's defense industry and also for sectors like nuclear power, satellite launch vehicles, aircraft etc. under the Make in India Concept envisaged by our H'ble PM, Shri. Narendra Modi.
I can assure society at large that MIDHANI will always take decisions and actions in a way that have positive impact on society.
- THE YEAR AHEAD:
With these achievements in background, I am sure that all of us can achieve following in 2016-17.
Best Wishes to all and looking forward love and support from all of you with re-commitment to our core mantra – “WE HAVE DONE IT TOGETHER, TOGETHER WE WILL DO IT”.
Season’s Greetings and Best Wishes