2007-08 - Aditya Birla Nuvo, Ltd

THE CHAIRMAN’S LETTER TO SHAREHOLDERSPSI Data Systems remain focused on servicing the Financial Services eco-system by providingend-to-end IT services, product engineering and business assurance solutions. Existing clientrelationships have been expanded and 18 new clients have signed up with PSI this year.In the Branded Garments business in line with our unique strategic brand architecture, yourCompany has introduced innovative life-style brands through embellishing it’s products range.Alongside it has expanded its retail reach to over 5 lac sq. ft. across 253 stores that have a distinctambience. To augment its presence in the high-end retailing business, your Company plans to usherin new formats such as Men’s Exclusive Lifestyle stores and Peter England family stores. Up untilnow 4 stores have been opened under the “Peter England People” Brand in the four major cities.The response has been very encouraging.Let me now move on to the value businesses.Given the growth potential in the value businesses in which we operate, our thrust is on capacityexpansion. In your Company’s Carbon Black business, the 60,000 TPA brownfield expansion atGummudipoondi went on stream in July 2007. We are now working towards the 120,000 TPAGreenfield expansion in Western India with a sense of urgency.The share of value-added products in the Fertilisers business is steadily increasing. It’s “BirlaShaktiman” urea and neem-coated “Krishidev” continue to be the preferred choice of farmers, givenits efficacy and environment friendly characteristics. Value-added formulations such as zincated,sulphonated and boronated urea are on the anvil. Apart from widening your Company’s produceportfolio, Indo Gulf has repositioned itself as a complete agri-solution provider – a one-stopdestination, offering farmers a unique range of products and services which cater to their felt needsin totality.In the Insulators business your Company is among the top four global leaders. Apart from a12,000 MT capacity expansion at the Rishra Unit, your Company will be manufacturing polymerinsulators as these are qualitatively better and have a greater shelf-life. In addition to yieldenhancement, your Company will be extending its product range to high-rating insulators.(3)