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 NEWS
 
DATE: 03/01/2006

Chairman's Statement
at the 20th Annual
General Meeting
31st July, 2006.

With a modest beginning in the year 1988 with a Wet-Flux Galvanizing line in technical collaboration with M/s John Lysaght of B.H.P. Australia, today Uttam Galva Steels Ltd. has three modern galvanizing lines with a total capacity of 350,000 tons/year. UGSL has its own cold rolling facility with a capacity of 500,000 tons/year. Balance of CR are converted to value added grades in CRCA coils, cut to length sheets and also sold as Full Hard CR in overseas markets.
UGSL is today, one of the largest producers of CR & GP/GC products, in the Western part of India,
with a turnover of about (USD 500 million). More than 70% of its products are currently exported to
over 100 countries worldwide.

In the Indian market, UGSL is an established player for the supply of CRCA to most of the manufacturers of automobiles, white goods, general engineering, Drums & Barrels segments of the Industry. It is also a large supplier of Galvanized coils and sheets to the construction industries. UGSL is working towards being a ONE STOP SHOP for all steel flat products, tailor made as per customer requirements.

UGSL is commited to TOTAL CUSTOMER SATISFACTION and believes in business at supersonic speed 24 hours a day and 365 days a year.

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