I welcome you to Era Buildsys, Annual Report. I am pleased to present yet another yearof good performance. Over the years the Company was engaged in Multiplex industry, but nowwith the advent of Merger the Company enters the Indian PEB industry which has evolvedfrom simple warehouses to complex heavy & complex industrial buildings in the last12-15 years. The market for pre-fabricated steel members has also diversified fromindustrial buildings to commercial buildings, composite steel bridges for highways &railways, high rise apartments and office buildings etc. Innovative technology coupledwith latest design soft-wares are leading to optimum utilization of steel members and thishas been the driving factor for the growth of this industry. As a result we are seeingcreative architectural views of industrial and commercial buildings using PEBs techniques,with drastic cut down in the steel consumption as well as reduced completion time.
The Multiplex industry has also emerged as one of the fastest growing sectors in India.The nation's multiplex industry is all set for boom. At present the number of screensstands at around 1625 but keeping in view the growth momentum of this industry thetotality of multiplexes screens is expected to cross 2200 mark by 2016. The growth storyof the multiplex business is an never ending one as over 1000 films are produced everyyear in more than 20 languages out of which, the 'Bollywood' alone releases a minimum of200 films. In fact, Bollywood and cricket are considered to be two major religions forviewers in India.
PEB industry and Multiplex industry are the two main stream line of business carriedout by the Company and it provides a perfect blend covering the ever new and ever growingmarket segment of the Indian economy.
Indian PEB industry has evolved from simple warehouses to complex heavy & complexindustrial buildings in the last 12-15 years. The market for prefabricated steel membershas also diversified from industrial buildings to commercial buildings, composite steelbridges for highways & railways, high rise apartments and office buildings etc.
With Government's decision to clear over 1.5 lakh crore stalled investment in power 6infrastructure sector the demand for shop fabricated steel will increase many folds.Besides, with major investment in the infrastructure sector like DFCC (Dedicated FreightCorridor Corporation) project having Eastern & Western Corridors of approximately 2500KM length, various ROBs and Bridges are planned in the near future composite Steel bridgegirders.
PEB industry in India is still at nascent stage and projected to grow at more than 20%every year. Indian market has always been price sensitive and an important factor in thesuccess of PEBs has been cost saving on overall project due to light structures andreduction in overall duration of the project.
ERA Buildsys Limited has made a leading name in PEB Industry in India. With two stateof the art manufacturing facilities in Pantnagar (Uttarakhand) and Nagpur (Maharashtra)having combined machine installed capacity of 2,50,000 MT per annum being one of thehighest in the country. EBL has added to the growth of the country being associated withheavy industrial sheds, Railways, Defence, Power plants etc. for supply of steelstructure. In its pursuit to touch and develop every aspect of Infrastructure, EraBuildsys Limited has successfully fabricated over 40000 MT of steel girders used invarious Steel Composite Bridges all across the country.
Redefining the way we enjoyed the silver screen, multiplexes have driven a revolutionwith their online or phone booking of tickets, perfumed auditoria, plush bucket seats andstate-of-the-art audio and projection systems. For the Mall developers, Multiplexes are away to ensure footfalls. India's multiplex bandwagon has gone beyond the metros toredefine entertainment in B and C class towns. We, at Era Cinemas follow the samestrategy. With 4 cinemas and 9 screens operational across Meerut, Ajmer and Jaipur andwith one more cinema to come at Dharuhera, Haryana, we have redefined the cinematicexperience in the smaller cities.
As it is only nascent stage for PEB in Indian market, there are plenty of opportunitiesin Industrial, commercial, High rise residential segments. We are going to be first to getinto real estate sector, using cutting edge technology, experienced men power and worldclass manufacturing setup in India. Era Buildsys Limited has been pioneer in providinghigh rise Pre Engineered Buildings.
With our strength of Engineering, Production capacity and expertise in diverse sectorsfrom industrial to real estate, from railways to Highways, we look forward to becomeleader in the PEB sector in India in coming days andassure you that with the businessinitiatives your company is poised to grow and garner increased customer satisfaction.
Along with this, the focus will remain intact on the booming opportunities in IndianMultiplex industry.
Lastly, I would thank all our stakeholders for their continued patronage, our Board ofDirectors for their expert guidance and most importantly our colleagues for their valuedcontributions in the past years.