You are here » Home » Companies » Company Overview » Madhav Infra Projects Ltd

Madhav Infra Projects Ltd.

BSE: 539894 Sector: Infrastructure
NSE: N.A. ISIN Code: INE631R01018
BSE 05:30 | 01 Jan Madhav Infra Projects Ltd
NSE 05:30 | 01 Jan Madhav Infra Projects Ltd

Madhav Infra Projects Ltd. (MADHAVINFRA) - Chairman Speech

Company chairman speech

Dear Shareholders

We are here to convey sustainable worth for all our stakeholders. Our optimism isderived from the fact that your Company have a vigorous balance sheet and consistentpositive cash flows we will be able to exploit on the Government's initiatives to revivethe infrastructure sector.

The Government has taken various initiatives to boost development of infrastructure inthe Country. These include setting up of infrastructure targets for various sectorsputting in place an institutional mechanism to monitor and hasten the progress of PPPprojects at the Central and state levels.

The Indian economy is expected to grow at the rate of 7.5 % in fiscal year 2017 and anestimated 7.7 % in 2018 and growth will gradually accelerate to around 8% over next threeto four years to follow this the demonetization has led to indeed a temporary slowdownin economic activity but the indicators that we have such as that the economy has beenmore resilient than we previously expected. We at this stage we would think that isprobably kind of a steady medium term growth rate for India that growth rate should behigher if we see greater effectiveness of some of the measures that are being implementedin promoting productivity and for instance the implementation of GST in July could overtime boost productivity growth and overall GDP growth on a sustained basis according toMoody's.

It gives me pleasure by sharing my views on the infrastructure industry i.e. TheGovernment of India is keen on developing the infrastructure sector in the country. Thisis clearly evident through the numerous initiatives announced for this sector as part ofBudget 2017-18. A provision of Rs 2.4 lakh crore has been set aside for the transportationsector as a whole. This includes the Indian railways shipping and roadways.

Your Company have registered a 20% growth in revenue. The company's revenue for theFY16-17 was Rs. 338.35 crores as against Rs. 308.76 crores in the previous financial year.The networth of the Company reached to Rs. 116.30 Crores. Our construction and renewableenergy order book stands at Rs. 1022 Crores as on March 31 2017.

I take this opportunity to thank the talented & devoted team of MIPL for theirconsistent efforts and commitment. I also congratulate and thank each and everystakeholder of the Company for reposing their faith and confidence in us which enabled usto take the Company onto the next growth phase. Together we would continue to focus oncreating value for all of us.

Amit Khurana

Chairman and Managing Director