Gentlemen,
I welcome you all to the 8th
Annual General Meeting of your Company.
It gives me immense pleasure to
inform you that the project activities are at their peak and about
73 % physical progress have been achieved as on date. The civil
structural works in the Nuclear
Island Connected
Building have been completed and the finishing works are in progress.
In the procurement front, the
manufacturing of challenging nuclear components like the Steam
generators and the Secondary sodium pumps and the Additional
Inclined Fuel Transfer Machine (IFTM) were completed and delivered at
site. As far as installation is concerned, the two Steam generators
were successfully installed in position. The installation of huge
diameter critical reactor components like the Thermal baffle, the
Integrated Grid plate-Primary Pipe assembly, the Inner vessel and
the Roof slab have been completed successfully in this year. The
installation of four Diesel Generator sets has been completed. The
Installation of 6.6 kV switchgear panels and two battery banks has
been completed.
The pre-commissioning activities
for the raw water / fire water pump house have started. The High
voltage testing of all the 13 bays in the Gas Insulated Switchyard
(GIS) have been completed. The testing of the Additional IFTM in air
for 50 cycles has been successfully completed at IGCAR.
The Pre-project activities for
FBR 1&2 have commenced. The
Geo-technical investigations, bathometry of sea bed, soil
investigation, plan layout and the conceptual design of Site
Assembly Shop have been completed.
Harmonious employee relationship
has prevailed in the Project. Not a single man-day was lost due to
industrial unrest of any kind.
Continuous efforts are on to
ensure transparency in all dealings. The Company has been responding
to all the RTI related queries.
Your company is conscious of its
social obligations and is trying to improve the quality of life of
the people residing in the neighborhood by carrying out various
social programmes mainly focusing on Health care, Education,
Infrastructure and Environment.
Atomic Energy Commission(AEC)
has issued Guideline s inter-alia on Corporate Governance in the
year, 2009. Considering the importance of Corporate Governance,
BHAVINI (a nonlisted CPSE) generally complies with the Corporate
Governance guidelines issued by
AEC.
I would like to express my
gratitude to the Department of Atomic Energy, various other
Ministries and Departments of the Government of India, Planning
Commission, and Atomic Energy Regulatory Board for their support. I
would also like to place on record the excellent support extended by
Indira Gandhi Centre for Atomic Research, Nuclear Power Corporation
of India Limited, Bhabha Atomic Research Centre, Nuclear Fuel
Complex, Heavy Water Board, Electronics Corporation of India Limited
and other units of Department of Atomic Energy in the implementation
of PFBR. I am thankful to the Statutory Auditors, the Comptroller
and Auditor General of India for their services and valuable advice.
I express my sincere thanks to
Directors on the Board, each and every employee, supporting
industries, consultants and other stakeholders of your Company.
I now move the Directors’ Report
and Audited Accounts for the year 2010-11 for your consideration and
adoption.
(S.K.Jain)
Chairman & Managing Director
Place : Chennai
Date : 4th July 2011
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