As the global economic environment continues to evolve with uncertainty, we remain
committed to our core purpose of serving our customer with world class equipment,
technologies and human resources. We collaborated with the best vendors to help us
maintain our equipment to international standards. We are thus able to deliver the best of
class services to our customers. We are also committed to the communities where we
operate. We acknowledge the fact that, our relentless pursuit of excellence is driven by
your trust and we are committed to continuously enhance the same through our positive
actions. Most importantly, what has sustained Jindal Drilling through uncertain times is
our unwavering focus in key principles to achieve highest quality of services with safety.
We prioritise maintaining a healthy top and bottom line over growth at any cost. This
strategy ensures a comfortable bottom line and sustainable growth.
To achieve profitable growth, it is crucial to manage costs effectively. We have
consistently focused on reducing costs and enhancing operational efficiencies across the
organisation. We continuously engage in reducing the cost of operations as well as
reducing financial costs by effective hedging with focus on results. As a result of this,
we are operating at the cost which can be benchmarked to global standards.
The reported year saw a robust financial performance despite severe supply chain issues
due to global disturbances especially in the Middle East. This led to increase in both the
cost of inputs and the logistic costs. Despite the challenges, the leadership of your
company was able to successfully navigate and maintain operations in a seamless manner.
In these exciting yet demanding times, your Company does not forget its commitment to
live by one of its core values – Environment, Sustainability and Governance. These
are no longer just a buzzword. As a responsible corporate citizen, we recognise our duty
to integrate sustainability into every aspect of our operations. Our efforts in this arena
have earned us appreciation, reflecting our dedication to these principles with the same
vigour as our commercial pursuits. Sustainability and CSR initiatives are not
afterthoughts but integral elements of Jindal Drilling's corporate strategy.
We appreciate that any business, unfortunately, has uncertainties built into it.
Uncertainties are an inherent part of our daily lives, making it difficult to predict the
future with certainty. We have setup risk management systems to mitigate risks. Even in
such unforeseeable conditions, your company remains committed to promote social
responsibility and has taken initiatives to support local communities and others in the
value chain as CSR exercise. Further, your company remains committed to guiding principles
like best practices, cost reduction, deleveraging and providing world class services
thereby helping us in shaping our own destination as per plan. Our team is committed to
these guiding principles, which have been well recognized also by our customers and
thereby setting new benchmarks in operations. Lastly, I express my heartfelt gratitude to
every employee, vendors, customers and business partners for their support and active
contributions to our success. I also extend my deepest thanks to our valued shareholders
and all the Directors on the Board, for being with us on this exciting journey. The
continued support from our banks and government agencies where we operate has been
invaluable and we remain profoundly grateful.
D.P. Jindal