annual report - Jindal Group of Companies

Message from Managing DirectorRaghav JindalManaging DirectorDear Shareholders,We have achieved commendable growth in the year2010-11 showing superior performance. The companyremained focused to perform efficiently andcompetitively in the industry. Being a professionallymanaged Organisation, we are continuously strivingto upgrade our systems and processes for effectivemonitoring and control of the business as a whole.This has resulted in improvement in our operatingefficiency and productivity during the year.The customer has always been the centre of focus forour Company and our endeavour is to enhancecustomer satisfaction by providing quality services andadd value to their businesses.Financially, we were able to improve the bottom lineby nearly 20% despite no significant change in therevenues. This is the result of our continuous efforts toremain cost efficient in the industry and to maintaincompetitive advantage.The newly built jack-up rig, Discovery I, has completedmore than 2 years incident-free operations with a goodtrack record of drilling complicated wells in Vasai fieldof ONGC. Other newly built jack-up rig, Virtue I, hasalso completed more than 2 years of operation without06