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ICICI Direct Report
We recently attended the analyst meet of Ador Welding Ltd.
The company aims to focus on core welding business, reduce legacy costs while streamlining projects business to regain growth momentum and improve profitability.
In the domestic welding business, it aims to focus on improving margins, realisations with reconfiguration of manufacturing systems, cost rationalisation, advanced product developments, reduction of logistics costs and optimised product mix.
In welding automation business, it aims to focus on improving strike ratio of orders, enhance product portfolio.
In projects business, it aims to focus on flares, process equipment business, stable revenue growth, increase margins, better cash flows and reduced costs.
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