BUILDING VALUE FOR THE NATION
After an extended period of unprecedented global crisis uncertaintyand unfortunate loss of lives and livelihoods the Indian economy is showing signs ofstrong recovery.
The Indian Government's focus on vaccinations along with continuedassistance to businesses and people at grassroot level have immensely supported therevival of economic activities.
Infrastructure development plays a pivotal role in sustained economicdevelopment. The National Infrastructure Pipeline (NIP) was created with an aim to meetthe US$ 5 trillion economy target. It was launched in 2020 with projected infrastructureinvestment of around ' 111 lakh crore during FY 2020-2025 to build infrastructureacross the country.
Public-private-partnership (PPP) is a critical tool to attract privateinvestments in infrastructure projects. India has made progress towards promoting PPPsespecially in road sectors.
Ever since the successful completion of our first project we havesteadily grown in terms of size and geographic presence while also diversifying ourbusiness segments. Our focus is to continue the same going forward. Through careful andaccelerated implementation of our projects we are providing higher levels ofconnectivity convenience and reliability to millions of citizens creating greater valueto our shareholders while at the same time contributing substantially to the Nation'sinfrastructure creation.
TRACK RECORD OF OUR EXECUTION BRILLIANCE
Our ability to complete complex projects within contracted timelineshas established us as a trusted partner in India's continued infrastructure developmentand generated healthy financial returns. Our track record of completing complex projectsin a timely manner has allowed us to grow our business consistently.
We are competent to complete complex projects within contractedtimelines. Our robust operational ecosystem is driven by the following strengths:
Strong in-house design and engineering team with provenexpertise
Central procurement team supervising the procurement plan basedon raw material requirements
On-site project management ensures operational efficiencies
In-house supply chain management team ensures on time delivery
Quality control team ensures quality consistency across allprojects
Manufacturing units are supported by backward integration
In-house workshop for repair and maintenance of constructionequipment and vehicles
Our order book primarily comprise EPC and HAM projects in the roadsector. During the year under review the Company has been awarded ten projects withcombined order value of ~ ' 9350 Crores. While we continue to bid for the variousprojects we do not believe in lowering the margins beyond a point. Further based on ourlong experience in the infrastructure sector such competitive landscape is cyclical andwe are confident that we would again see a decent growth trajectory in the near future. Ason March 31 2022 our order book stood at ' 13103 Crores.
OUR FUTURE PRIORITIES
Focus on sustainable growth through optimised resourceutilisation
Prudent bidding for big-ticket projects (especially BOT and HAMproject) deriving higher volumes and margins
Accelerate project execution and at the same time increaseinvestments in equipment and assets
Regular training and upskilling of workforce
Reinforce good governance practices across the board
At GRIL our people are the biggest strength for us in a competitiveenvironment and help the Company to deliver consistently across all the projects. It istheir determination and efforts that keeps us ahead of the curve.
Growing together and taking along the marginalised sections of societyis part our DNA. Our multiple programmes for social empowerment already engagestakeholders and work for their upliftment.
Finally I must emphasise that the resilience of our teams and theirefforts have enabled us to cross several growth milestones and I am sure there are manymore milestones to cross in our journey of sustainable growth.
On behalf of the Board I thank all our shareholders and associates foryour continued support and trust.