I am happy to present the Annual report of Schneider Electric Infrastructure Limited(SEIL) for the Financial Year 2016-17 to our valued shareholders. The Board and managementteam strongly believe that we are on the right strategic path in the current economicenvironment. India's economy has faced subdued demand combined with liquidity challengesover the past few years. The good news however is that there is a positive sentiment andthe economic and tax reforms that have been undertaken are expected to lead over time tosustainable long-term growth.
In the power sector the government has made its goal clear to develop the sector andprovide 24x7 uninterrupted power for all by enhancing the reliability of the distributiongrid and reducing the AT&C losses. The government's emphasis on infrastructure as acritical priority and its push toward the much-needed financial turnaround and revival ofpower distribution companies (DISCOMs) is reflected in various initiatives like Deen DayalUpadhyay Gram Jyoti Yojana (DDUGJY) the Integrated Power Development Scheme (IPDS) andthe Ujwal DISCOM Assurance Yojna (UDAY). However some challenges remain and it will takesome time for the improvements in the power distribution sector to become visible.
Some major achievements of your Company during
the year are mentioned below:
- Bench mark order: The first integrated green field smart city order in India wassecured by your company from the New Raipur Development Authority (NRDA). This will helpto create a benchmark in integrated and effective management of city subsystems to improvethe quality of public services.
- Operational excellence:
o Digitisation of supply chain processes to bring traceability of products andcomponents in the complete value chain.
o My SE' application was launched for customers to track and trace the deliveriesof their orders. o Smart remote inspection process was launched at the Kolkata works tofacilitate efficient factory acceptance test from the customer's remote locations. Thishas helped to reduce overall delivery lead time and carbon foot print for our customers.
- Quality: Your Company has been awarded the "World Quality Congress Award"for partnering in the quality process with customers.
- E-house (factory built substation): your Company has successfully commissioneddigitally enabled E-House in Orissa and Mumbai to fulfil the vision of 24X7 quality powersupply of Utility.
Your Company continues its focus on creating value to its customers through innovationand application of intelligent technologies in the field of advanced grid management andSmart City. Your Company has gained valuable experience in implementation of real timeGrid of Things (GOT) and Internet of Things (IOT) technologies in the last 2 years and ispresently implementing advanced Smart City solution under NRDA project. Your Company iscontinuously enhancing its technological capabilities in the promising business area ofsmart city.
To meet the emerging challenges and to benefit from the new opportunities in India'sfast evolving economic and infrastructural scenes the Company continues to focus oninnovative solutions customer satisfaction and employee engagement as a part of itsgrowth philosophy.
I would like to thank all our shareholders customers suppliers communities and otherstakeholders for their continuing and unstinted support to the Company during the year. Iwould also like to thank all the employees and my colleagues on the Board of Directorsfor their tireless commitment to enhance the performance and health of the Company.
|Vinod Kumar Dhall |