A MESSAGE FROM THE CHAIRMAN
I am pleased to present the insights and progress made in our Company
for FY 2022-23. Our outlook remains robust and highly positive, backed by in- depth
analysis of the industry and the categorisationofvariousrecyclingprojects at different
stages of development. Our dedicated team is relentlessly working towards realising the
vision set by our Company, paving the way for a promising future.
Dear Shareholders,
As Chairman of Pondy Oxides and Chemicals Limited, I extend my warm
greetings to you. Your unwavering commitment and dedication have been the driving force
behind our CompanyRs.s success, and I am immensely proud of the milestones we have
achieved together so far. As we embark on new endeavours and embrace fresh challenges, I
am confident that our collective efforts will lead us to even greater heights. I am
pleased to present the insights and progress made in our Company for FY 2022-23. Our
outlook remains robust and highly positive, backed by in- depth analysis of the industry
and the categorisation of various recycling projects at different stages of development.
Our dedicated team is relentlessly working towards realising the vision set by our
Company, paving the way for a promising future.
The metal recycling market is witnessing significant growth, fuelled by
rapid urbanisation, industrialisation, and the global shift towards effective resource
utilisation. With industries around the world increasingly relying on recycled materials
to protect our environment, recycling has evolved as a sustainable alternative for
purchase of raw materials when compared to traditional mining. For manufacturers,
procuring recycled raw materials proves to be both cost-effective and energy-efficient,
which is in turn contributes to the growth of the metal scrap market. While the
Asia-Pacific region remains a prominent growth area, the Indian metal scrap marketRs.s
growth potential presents substantial opportunities for POCL.
Our major focus lies in Lead and Speciality Lead Alloys, and we have
recently ventured into Aluminium, Copper and Plastics.
Our focus into recycled aluminium, engineered plastics and high-value
added polymers addresses the demand supply mismatch within India, thereby enhancing our
product portfolio in the near future.
To achieve our ambitious goal of reaching a Billion-dollar top line by
2030, we are exploring various verticals, with some projects in the feasibility stage and
others in pre-feasibility stage.
To achieve our ambitious goal of reaching a Billion-dollar top line by
2030, we are exploring various verticals, with some projects in the feasibility stage and
others in pre-feasibility stage.
Green projects and strategic acquisitions are part of our growth
strategy, aligning with our commitment to explore multiple recycling avenues and
diversified products.
As we plan ahead, it is essential to consider production costs and
future uncertainties. While some costs can be accounted for, unpredictable factors like
fluctuations in metal prices necessitate re-negotiation with the customers at the end of
contract term. Our strategic approach in pricing accommodates these scenarios, thereby
allowing us to mitigate risks and adapt to dynamic market conditions. With a remarkable
presence spanning nearly three decades in the metal recycling industry, POCL has pursued
its journey towards comprehensive development, firmly establishing itself as IndiaRs.s
foremost secondary lead smelter and lead alloy manufacturer. Our unwavering commitment to
growth as a quality-driven, highly efficient, and reliable brand has earned us the trust
and loyalty of our valued customers.
A pivotal element that has significantly contributed to our brand image
is the strong nurturing relationship we maintain with our customers and business partners.
We take immense pride in serving a diverse range of industries, including lead acid
batteries, electrical and electronics, chemicals and paints, metal die casters, plastic
moulders and extruders. Catering to these industries, we also ensure quality of goods is
not compromised, thereby delivering value to our customers.
Through long-term contracts with leading Original Equipment
Manufacturers (OEMs) and largest traders across the globe, we have solidified our position
as a reliable and preferred supplier in the global marketplace. This strategic
collaboration further bolsters our commitment to delivering excellence and meeting the
varied needs of our clientele.
Our unwavering focus on continuous improvement and innovation allows us
to remain at the forefront of the industry, constantly adapting to evolving market
dynamics and customer demands. We employ cutting-edge technologies and adhere to stringent
quality standards to ensure that our products consistently surpass expectations, setting
new industry benchmarks.
Our unwavering focus on continuous improvement and innovation allows us
to remain at the forefront of the industry, constantly adapting to evolving market
dynamics and customer demands. We employ cutting-edge technologies and adhere to stringent
quality standards to ensure that our products consistently surpass expectations, setting
new industry benchmarks.
As we continue to evolve, our vision is anchored in sustainable
growth, environmental responsibility, and social impact. By embracing green initiatives
and adhering to ethical practices, we actively contribute to the preservation of our
environment and communities.
As a distinguished domestic and international brand, we take immense
pride in exporting 60% of our production to numerous countries, a testament to our global
reach and influence. Our operational excellence has been recognised with IndiaRs.s first
and only 3N7 LME registered lead brand status, alongside the prestigious T3 certification
as an Authorised Economic Operator Certificate bestowed upon us by the Ministry of
Finance. Furthermore, the Government of India has honoured us with a 3-star export house
status, further validating our commitment to achieving exceptional business standards.
These eminent recognitions are the direct outcome of our dedication to achieving business
prodigy. Our success is deeply rooted in constant engagement with our valued customers and
esteemed business partners, backed by robust and exemplary business practices that set us
apart from the competition. Emphasising the significance of research and development, we
meticulously evaluate dynamic market trends, continuously upgrading our developmental
processes to ensure we consistently deliver the very best.
At the core of our ethos lies our unyielding focus on adopting
cutting-edge technologies, recognising their indispensable role in our line of business.
Through our relentless pursuit of the latest mechanisms and innovations, we constantly
enhance our capabilities, staying ahead of the curve and remaining conversant with the
forefront of technology.
As we progress, our commitment to excellence and passion for
advancement remain the driving forces behind our achievements, enabling us to not only
maintain our position as a global leader but also to revolutionise the industry and forge
an enduring legacy of success. Together, we embrace the future with enthusiasm, as we
continue to pioneer new heights of growth and success.
Our journey to success has been guided by the seamless integration of
our core values into every aspect of our business practices. Integrity forms the bedrock
of our foundation, driving us to consistently deliver the best to our valued customers.
Our achievements are a result of the collective efforts of a dedicated workforce,
supported by a visionary management team. With a commitment to continuous learning and
improvement, we strive to excel in all our endeavours. Our topmost priority is ensuring a
safe work environment for our employees, taking every possible action to protect them both
within and outside our premises.
Our journey to success has been guided by the seamless integration of
our core values into every aspect of our business practices. Integrity forms the bedrock
of our foundation, driving us to consistently deliver the best to our valued customers.
Our achievements are a result of the collective efforts of a dedicated workforce,
supported by a visionary management team. With a commitment to continuous learning and
improvement, we strive to excel in all our endeavours. Our topmost priority is ensuring a
safe work environment for our employees, taking every possible action to protect them both
within and outside our premises.
In conclusion, I extend my earnest gratitude to all our stakeholders
for their untiring sustenance and pledge to our shared vision. Together, we have achieved
remarkable milestones, and I am confident that our journey of togetherness will endure,
leading us to even greater heights of success and excellence in the times to come. With
your continued support, we are poised to embrace the future with confidence and
enthusiasm, as we create a legacy of innovation and sustainable growth. Thank you for
being an integral part of our success story. With best regards,
| Mr. Anil Kumar Bansal |
| Chairman & Whole-time Director |