You are here » Home » Companies ยป Company Overview » ITD Cementation India Ltd

ITD Cementation India Ltd.

BSE: 509496 Sector: Infrastructure
NSE: ITDCEM ISIN Code: INE686A01026
BSE 00:00 | 27 Jan 106.75 -16.60
(-13.46%)
OPEN

123.20

HIGH

123.95

LOW

105.65

NSE 00:00 | 27 Jan 106.75 -16.55
(-13.42%)
OPEN

123.50

HIGH

123.65

LOW

105.65

OPEN 123.20
PREVIOUS CLOSE 123.35
VOLUME 182966
52-Week high 146.90
52-Week low 55.50
P/E 21.35
Mkt Cap.(Rs cr) 1,834
Buy Price 0.00
Buy Qty 0.00
Sell Price 0.00
Sell Qty 0.00
OPEN 123.20
CLOSE 123.35
VOLUME 182966
52-Week high 146.90
52-Week low 55.50
P/E 21.35
Mkt Cap.(Rs cr) 1,834
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

We have demonstrated and nurtured our robust execution capabilities over the years. Ourproven expertise and time-tested capabilities provide us with significant control over ourprojects' execution and quality even in the most challenging situations which drive ourperformance. Our constant endeavour is to keep on achieving our growth plans to createsustainable long-term value for our stakeholders.

Dear Shareholders

We are now entering into our 90th year of journey in India. We have been executingcomplex infrastructure projects of national importance which are contributing in ourhistoric lineage.

FY 2020-21 was a volatile year for everyone. The sudden outbreak of the pandemic andits continuance brought together unexpected disruptions across the globe. In thesechallenging times I extend my sympathies to people who have suffered and continue beingimpacted by the pandemic. I would also like to express my heartfelt gratitude towards thefront-line healthcare workers who have selflessly and tirelessly served the people andnation in these trying times.

industrial landscape

Even before the pandemic struck at the fag end of the FY 2019-20 the Indian economywas already going through a lean patch. Overall there was widespread volatilityreflected through a lowering of GDP growth rate moderating since the beginning of Q4 FY2018-19. This could be attributed to lower demand on account of global slowdown stressedCentre and State-level finances and inflationary pressures among other reasons.

The infrastructure sector was no different. For long it has been considered thesunshine sector in India and instrumental in propelling the country's overall development.As a result it continues to receive focussed attention from the Government therebyensuring creation of world-class infrastructure in the country.

The sector witnessed a slowdown in Q1 FY 2020-21 due to the widespread effects of thepandemic primarily led by the lockdowns imposed to contain the spread of the deadly virus.The lockdowns further had a cascading effect on the sector due to mass labour migration.Further the unavailability of raw material logistics constraints decline in steel andcement production also affected project executions. However construction activitiesstarted to gain momentum post Q1 FY 2020-21 with gradual easing of lockdown relaxationsavailability of raw materials and labour force resuming work. While keeping the safety ofour workers as a top priority we continue to work as per the directives of Central and

State Government.

In order to overcome these challenges the magnitude and cohesion of policy response by

Government was proactive and was backed by pro-growth fiscal measures monetarystimulus and technological alignments that have actually triggered a reflation likesituation in the global economy.

The Indian economy which showed signs of recovery was further impacted by the secondwave of the pandemic. However the second wave had a short term setback and limiteddisruptions unlike the first wave of the pandemic. This is also supported by improvementin global macroeconomic situation and speeding up of economies.

The Government's fast track initiatives in providing adequate health infrastructure andfaster availability of vaccines has already kick started the Indian economy. Also therecently announced budget placed special emphasis on increased allocation for the sectorease of doing business increase in FDI investments loans at concessional rates andencouraging more private sector participation which shall provide further impetus to theeconomy and the sector.

The Government has already announced investment in infrastructure to the tune of over111 Lakh Crore from FY 2020-2025. The union Budget for 2021-22 also propelled theinfrastructure sector as the Government expanded the National Infrastructure

Pipeline to ~7400 projects. The

Government also announced a long-term investment plan of 6 Lakh Crore for the portssector. The metro projects also gained share in the budget with targeted investments worth

18998 Crore.

In addition there was allocation of 20000 Crore towards setting up a DevelopmentFinancial Institution (DFI) that shall act as a provider enabler and catalyst forinfrastructure financing. A lending portfolio worth 5 Lakh Crore will also be createdunder the proposed DFI over a three-year time frame. The Budget did enough to boost theindustry's confidence while providing it with enough opportunities to flourish.

Performance in FY

2020-21

At ITD Cementation India

Limited we have demonstrated and nurtured our robust execution capabilities over theyears. Our proven expertise and time-tested capabilities provide us with significantcontrol over our projects' execution and quality even in the most challenging situationswhich drive our performance. We have invested in modern plants and machinery throughoutour journey and have built a large equipment bank which augments our executioncapabilities.

undoubtedly the H1 FY 2020-21 was significantly impacted on account of COVID-19 whichwas a test of character and strength for both the industry and our Company. The yearindeed testified and showcased that adversity can well be utilised to build strengths andtest our innate power and resilience against such challenges. Our Company bouncing backwell from the troughs of the first two quarters of FY 2020-21 reflects the same.

Despite looming headwinds of the pandemic and lockdown our Company showcased a goodperformance for FY 2020-21 with a diversified order book of 11732 Crore having pan Indiaand international presence thereby providing strong revenue visibility over next 3 years.The Company has an established presence in Marine Structures Mass Rapid Transit SystemsAirports Hydro-Electric Power Tunnels Dams & Irrigation Bridges & FlyoversIndustrial

Buildings and Structures and Foundation & Specialist Engineering. With a healthyorder book and focus on high margin projects we continue to evolve as an organisation.

We are currently executing some of the complex projects like construction of udangudi

Supercritical Thermal Power project in Tamil nadu Myanmar container terminal inYangaon modernisation of Trichy and

Pune airports underground tunnelling and stations for

Mumbai Bengaluru & Kolkata elevated metro projects for nagpur Bengaluru &Kolkata

Inland waterways facilities at

Haldia port in West Bengal etc.

During the year we have completed tunnelling work for Mumbai underground Metro andKolkata underground Metro project which are significant achievements.

The Company has shown strong resilience to the changing industry dynamics supported byrenewed reforms & policies and has been on the right track of sustained resurgence forenhancing value for all our stakeholders.

We are confident that we will continue navigating the external challenges from ouroperating environment through our leadership and the diversified business model. Ourconstant endeavour is to keep on achieving our growth plans to create sustainablelong-term value for our stakeholders.

standing tall in tough times

Being a socially responsible company we have always placed the highest priority on thehealth and well-being of our people their families and other stakeholders throughawareness sessions training and communications. With the gradual resumption of ourconstruction sites we have constantly been adhering to the guidelines issued by variousauthorities and maintaining appropriate protocols.

We have undertaken various safety measures initiatives which include regularsanitisation creating infrastructure at project sites safe distance work practiceshealth check-ups provision of shelter nutritious food and other motivationalrequirements to suit the need of our employees and workers. We have provided a ‘Workfrom Home' facility to our employees working from their homes while adhering to all therules and practices.

As part of our management priority and initiative the

Company has organised vaccination camps across various project sites / offices for ouremployees workers and their dependants for their safety and well-being.

Vote of Thanks

We believe that the challenging environment has brought out the best in everyone be itthe employees suppliers vendors sub-contractors or the financial institutions with whomwe are closely associated.

I want to express my sincere gratitude to all our stakeholders for their trust andsupport in our journey. I would also like to thank our esteemed Board of Directors fortheir valuable guidance in achieving the vision and mission of the organisation. I wouldalso like to appreciate untiring efforts of our dedicated employees for their continuedpassion in achieving organisation goals even during these tough times.

I would also like to thank our suppliers and vendors for their committed support duringthese trying times. Lastly I want to extend my heartfelt thanks to our financialinstitutions and banks who have extended support and assistance during these challengingperiod.

We are optimistic that our robust business strategies will help us create value for ourstakeholders

Warm Regards

piyachai Karnasuta

Chairman

.