ANNUAL REPORT 2000-2001
AGEE GOLD REFINERS LIMITED
CHAIRMAN'S SPEECH
Dear Stakeholders,
It has truly been a landmark year for all of us.
Your Company has successfully fulfilled its commitment to the nation by
setting up India's first Gold Refinery to the international standard. The
1,40,000 sq. ft. plant and development of 50 acres of plant and development
of 50 acres of plant site as also the Shirpur airport were all completed in
a record time span of just 12 months. Inaugurated by Shri vilasrao
Deshmukh, Hon'ble Chief Minister of Maharashtra on the auspicious day of
Gudi Padwa, 26th March 2001, the Refinery is poised to tap into the huge
demand for gold and silver.
The Refinery is now operative with all plant and equipment installed,
supported by world-class facilities and state-of-the-art technology. Market
acceptability trials and supply chain development have been successfully
completed. The roll-out for both gold and silver will commence on a
national grid. India's bullion industry will soon move over from commodity
to brand.
As some of you are aware, mid-way through the year we had to bid adieu to
our erstwhile Chairman, Shri Dilip Kumar who has resigned from the helm of
various companies for personal reasons. We are indeed grateful to Shri
Dilip Kumar for his distinguished presence and his valued contributions. He
has assured us that his best wishes continue with us.
Amarish R. Patel
Chairman
Agee Gold Refiners Limited