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Chembond Water receives 2020 Best Practices Award from Frost & Sullivan

Posted On: 2020-09-28 09:13:30


Chembond Water Technologies Limited has been recognized by independent global research agency Frost & Sullivan as the "2020 Indian Water Chemicals Company of the Year".

With more than 45 years of industry expertise and an extensive product range, Chembond Water Technologies is both a pioneer and a leader in the water chemicals industry of India. With its strong overall performance, Chembond Water Technologies Limited has earned Frost & Sullivan's 2020 Company of the Year Award. The citation goes on to state, "to receive the Company of the Year Award (i.e. to be recognized as a leader not only in your industry, but among non-industry peers) requires a company to demonstrate excellence in growth, innovation, and leadership. This excellence typically translates into superior performance in three key areas-demand generation, brand development, and competitive positioning-that serve as the foundation of a company's future success and prepare it to deliver on the 2 factors that define the Company of the Year Award: Visionary Innovation and Performance, and Customer Impact."

"This award energizes us, as it reaffirms our belief in the guiding principles imbibed in our organization by our founder Dr. Vinod Shah. Surely, we owe our success to the support of our valuable customers, and the contributions from our suppliers, partners, employees, shareholders, and directors" states Mr. Nirmal V. Shah, Managing Director of the company.

Accepting the award on behalf of the organization, Mr. Vinod Deshpande, Director added "we are elated with this recognition as it comes as a result of ongoing research conducted by Frost & Sullivan to identify companies that consistently pursue or invest in new technologies, enabling them to serve their customers more effectively and grow above the industry average. This is no ordinary achievement."

Shares of CHEMBOND CHEMICALS LTD. was last trading in BSE at Rs.152.7 as compared to the previous close of Rs. 152.15. The total number of shares traded during the day was 513 in over 33 trades.

The stock hit an intraday high of Rs. 156.75 and intraday low of 152.7. The net turnover during the day was Rs. 79045.


Source: Equity Bulls

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