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ITD Cementation India Ltd.

BSE: 509496 Sector: Infrastructure
NSE: ITDCEM ISIN Code: INE686A01026
BSE 16:00 | 28 Sep 76.05 -1.95
(-2.50%)
OPEN

79.90

HIGH

79.90

LOW

75.75

NSE 15:58 | 28 Sep 75.95 -1.95
(-2.50%)
OPEN

78.25

HIGH

79.25

LOW

75.60

OPEN 79.90
PREVIOUS CLOSE 78.00
VOLUME 62236
52-Week high 97.50
52-Week low 46.05
P/E 25.78
Mkt Cap.(Rs cr) 1,307
Buy Price 0.00
Buy Qty 0.00
Sell Price 0.00
Sell Qty 0.00
OPEN 79.90
CLOSE 78.00
VOLUME 62236
52-Week high 97.50
52-Week low 46.05
P/E 25.78
Mkt Cap.(Rs cr) 1,307
Buy Price 0.00
Buy Qty 0.00
Sell Price 0.00
Sell Qty 0.00

ITD Cementation India Ltd. (ITDCEM) - Chairman Speech

Company chairman speech

Dear Shareholders

Our Company's performance in FY 2019-20 with steady progress a strong order book and adynamic industry kept us enthused and enabled us to remain focussed on our objectives andstrategic goals during the year under review. We ended the year with a healthy balancesheet and profitable operations running into headwinds of economic slowdown anduncertainties due to the unprecedented Covid-19 pandemic and global trade war.

Industry Review

Economic growth continued to trail for a better part of the year but the recentCovid-19 outbreak emerged as the biggest differentiator for companies across the globe.The pandemic continues to inflict high and a rising human cost adversely impacting theeconomic activities globally.

The Infrastructure sector is the key driver of the Indian economy and has witnessed agrowth in the past with an increase in Public investments together with opening up of thesector with 100% FDI participation being invited across all its major sectors. Significantinvestments in infrastructure development have been witnessed across sectors ranging fromUrban Infra/MRTS marine and development of ports to railways airports economiccorridors affordable housing water supply & sanitation. Infrastructure being apivotal sector development of infrastructure translates to increased employmentopportunities and overall growth of the nation. The sector is expected to grow further inthe next five years with the Indian Government's proposed expenditure plan of Rs 111 lakhcrores under the National Infrastructure Pipeline. Initiatives like "Housing forall" and "Smart City Mission "shall also help to enable growth of theinfrastructure sector. Moreover India continues to attract international investorsthereby opening up multiple opportunities in a market buoyed by an increased demand.

Our Performance

Our Company delivered a strong performance in FY 2019-20 at consolidated level withrevenue from operations at Rs 2861 Crores. Our order book stood at Rs 11743 Crores ason March 31 2020 including our share in the joint venture projects under executionrecording an all-time high. Urban infra accounted for 35.4% of our order book marinesegment contributed 25.7% hydro dams and tunnelling accounted for 20.6% followed bybuildings at 8.5% and airports at 6.5%.

We continue to focus on Maritime structures Airports Urban Infrastructure / MRTSwhile we have significant presence in Dams Irrigation Industrial Buildings RailwaysWater & Sewage treatment plants Foundation and other specialist works.

At present we are executing several multidisciplinary projects like the Constructionof Captive Coal Jetty Breakwater and Conveyor System for a Thermal Power Project inUdangudi Tamil Nadu Development of Refit Jetty and Allied Facilities at Port BlairAndaman & Nicobar Islands a Multi Modal Inland Water Transport Terminal at HaldiaWest Bengal Modernisation of Pune and Trichy Airports Elevated projects for NagpurBangalore and Kolkata Metros underground Metro Tunnelling and stations Works forBangalore Mumbai and Kolkata Metros Design & Construction of high rise towerstructures of housing colony in New Delhi Construction of Railway Tunnels between Sivok(West Bengal) and Rangpo (Sikkim) for IRCON and North Frontier Railways. We are executingour first major overseas marine project in Myanmar which includes construction ofContainer Berth Backup Yard facilities Building and utilities for Adani YangonInternational Terminal Company Limited.

Committed to Welfare

Our Company is recognized as a socially committed and a responsible entity. Weendeavour our best to make a positive difference to the society as a whole. We are alsomaking meaningful contributions to enable sustainable development of communities at large.

In the wake of the recent Covid-19 pandemic we are strictly adhering to the safety andstandard operating procedures of the Government to fight the outbreak at our variousproject sites establishments and offices which have been highly appreciated by ourClients and Authorities.

Looking Ahead

Though we are passing through an unprecedented crisis we remain focussed and confidentof overcoming the disruptions and roadblocks imposed on our operations through measuresthat have been adopted across all our areas of operations.

Backed by our strong order book focus on margin accretive projects and robustoperational strategies we continue to nurture our position as one of the market leaders.With continued focus on staying relevant and remaining attuned to evolving industrydynamics we are enhancing our skills and expertise to meet future demands.

Moving ahead we envision an opportune industry landscape offering multiple avenues togrow provide innovative solutions and set new benchmarks. Rapid growth of urban and ruralinfrastructure and Government impetus for various developmental projects keep us on theright track to capitalize on emerging opportunities.

As we come to the close of another fiscal year I would take this opportunity to thankthe Board of Directors for their valuable guidance the Management team and all ouremployees for their sincere efforts dedication and contribution to the growth of theCompany. It is also time to express my deep gratitude to our valued shareholders bankersvendors and other stakeholders for their steadfast support and faith reposed in ourabilities. We look ahead with hope and aspirations to set new standards of excellence anddeliver value to our stakeholders.

Warm Regards

Piyachai Karnasuta

Chairman

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