You are here » Home » Companies » Company Overview » Raunaq EPC International Ltd

Raunaq EPC International Ltd.

BSE: 537840 Sector: Engineering
NSE: N.A. ISIN Code: INE523K01012
BSE 00:00 | 17 Feb 39.95 0
(0.00%)
OPEN

39.95

HIGH

39.95

LOW

39.95

NSE 05:30 | 01 Jan Raunaq EPC International Ltd
OPEN 39.95
PREVIOUS CLOSE 39.95
VOLUME 55
52-Week high 86.80
52-Week low 17.15
P/E
Mkt Cap.(Rs cr) 13
Buy Price 41.75
Buy Qty 1.00
Sell Price 39.95
Sell Qty 50.00
OPEN 39.95
CLOSE 39.95
VOLUME 55
52-Week high 86.80
52-Week low 17.15
P/E
Mkt Cap.(Rs cr) 13
Buy Price 41.75
Buy Qty 1.00
Sell Price 39.95
Sell Qty 50.00

Raunaq EPC International Ltd. (RAUNAQEPCINTL) - Chairman Speech

Company chairman speech

Dear Shareholders

It is my pleasure to present the Annual Report for FY 2018-19. The Company continues topass through tough times but is confident to sustain and to find the way-out. The Companyhas been in the EPC business for more than 5 decades and has weathered such storms in thepast. The Company has been struggling to bag new orders due to the continuous adversemarket conditions in the power sector especially thermal power. To overcome this theCompany is making efforts to make a break through in the water distribution business. TheCompany has a strong foothold in Design & Engineering Quality Assurance &Inspection etc. sufficient in-house resources in terms of  Engineering ManpowerTools & Plants and Technical know-how to cater to the needs for undertaking theTurnkey Contracts of Mechanical Civil and Associated Electrical & InstrumentationWorks which gives it confidence to expand and infuse more funds to strengthen the EPCbusiness.

In order to raise funds the Company has decided to offload its stake in XlerateDriveline India Limited a wholly owned subsidiary Company in the Auto component businessto Bharat Gears Limited a group Company which is an established name in the autocomponent industry and wants to concentrate in the core EPC business.

With the funds raised the Company is going to diversify in the water distributionsegment and also plans to bid for new projects in the power sector with sustainablemargins to stay afloat and further discharge the current financial liabilities to reducethe financial burden over the Company.

With our sustained track record of timely execution engineering capabilities andclient relationships we have begun focussing on the water distribution space. This sectorholds ample potential in our Country. As currently India is suffering from the worstwater crises in its history with about 60 crore people facing high to extreme water stressand about two lakh people dying every year die due to inadequate access to safe water.Citing data by agencies like Dalburg Analysis FAO and UNICEF the report said 40 per centof population will have no access to drinking water by 2030.21 cities including NewDelhi Bengaluru and Hyderabad will run out of groundwater by 2020 affecting 100 millionpeople.

The Government has been steadily increasing budgetary allocation for the water sector.Ministry of Jal Shakti Department of Water Resources River Development and GangaRejuvenation is taking many initiatives to expand water resources for irrigationdrinking and cleaning up the Ganga interlinking the rivers. The ministry is implementingkey projects such as Namami Gange Pradhan Mantri Krishi Sinchayi Yojana and inter-linkingrivers. The above steps have led to increased orders in the pipeline and we expect tobenefit from the same in the coming year.

Every hurdle gives us an opportunity to review and revisit our actions and thedownturn in our main business segment has provided us with this opportunity. We havestarted thinking out of the box and have come up with new avenues to scale our business.This has been a challenging yet exciting phase where our focus on quality and clientrelations have come to our aid. Going forward we intend to grow in our newer focus areasof water distribution having great belief in the EPC business complimented by our corecompetencies in project management and timely execution.

In conclusion I would like to thank all our shareholders for believing in us andstanding by us through trying times. I would like to thank our customers and suppliers fortheir continued support in our existing and new growth plans. Last but of foremost valueare our employees who have diligently worked with us on every step of the journey that wehave undertaken and are key to the success of our new path of revival. We firmly believethat our new efforts will bear fruit and put the Company back on the growth path.

With best regards

Surinder Paul Kanwar

Chairman and Managing Director