I am glad to share that FY16 has been a milestone year for us in terms of our businessstrategy. We have moved up the value chain from being a foundation engineering company toa complete EPC solutions company focused on infrastructure and construction sectors.
We received a large EPC order equivalent to around ' 250 Crores in Singapore. Such alarge order is indeed very prestigious for our Company. It depicts that our customers havefaith in our ability to execute orders for comprehensive projects. Such a significantorder further consolidates our position in Singapore and demonstrates our superiorexecution skill and track record.
This year we have also acquired majority stake of 50.2% in the Singapore's Company"Swee Hong Ltd. (SHL)". Swee Hong is one of the leading EPC Company listed inSingapore's Stock Exchange. This acquisition will help us cater to EPC opportunities inSingapore as well as other South East Asian markets including India.
The acquisition will be significant considering the robust demand outlook in Singaporeand other countries for civil engineering works and smart cities projects. This wouldresult in Kridhan moving up the value chain to larger EPC projects with the vision tocreate complete Infrastructure Solutions Company.
This year we achieved consolidated revenues of ' 489 Crores. 85% of the revenues camefrom our Foundation Engineering Business. We also reported a healthy EBITDA margin of13.5%.
Going forward Singapore India and South East Asian markets would continue to beintegral to our vision for growth. We have made inroads in EPC contracts and expect thisto drive up our growth from here on.
I would like to thank you all for your support in our journey. We look forward to thenew financial year with a lot of optimism.
Anil Dhanpat Agrawal