I am honoured to present you the 2017-18 Financial Year Annual Reportof your Company. The year marks four decades of our commitment of being firmly rooted inpromoting the values and importance of engineering excellence in the construction segment.The year gone by witnessed the standalone revenues crossing different 19300 million fromdifferent 15000 million in the previous year. We have a strong balance sheet andunderlying cashfl flow which strengthens our position to deliver on our strategies. It'squite heartening to see infrastructure segment playing a pivotal role in propellingIndia's overall economic growth. Road construction touched a high of 9829 km in FY18growing 19% over FY17 out of which NHAI has constructed 3071 km (17% growth over FY17)and MoRTH has constructed 6758 km (21% growth over FY17). In the Union Budget 2018-19the Government of India laid strong emphasis on further promoting the infrastructuresector by allocating different 5.97 lakh crore. The total capital outlay planned by theMinistry of Road Transport and Highways stands at approximately different 1.21 LakhCrores growing by 10% over the previous year. This outlay comprises of different 59000crores through Gross Budgetary Support and different 62000 crores through internal andextra budgetary resources. Besides the launch of Bharatmala Pariyojana Scheme Phase Iwith an investment of different 5.35 lakh crores aims at developing National Highwaystotalling to 34800 kms over a period of 5 years ending in 2021-22. However India stillneeds investments worth different 50 trillion in infrastructure by 2022 in establishingitself as a sustainable economy. At KNRCL we are evenly poised to leverage thisinfrastructural optimism with our all-time-high order book of different 63016 million asMarch 31 2018. We have our in-house team of dedicated and determined professionals thatare geared up to leverage the pursuit of excellence through collaborative workingpersonal and corporate integrity trust and respect towards accomplishing the task inperfection matching the delivery schedules and be an important partner in building thefuture of the Nation. I take this opportunity to thank our management sta3 investorsclients banks and government agencies for their continued patronage and guidance.
K. Narasimha Reddy
Founder Promoter and Managing Director