It's a great pleasure for us to be a part of Indian Infrastructure development story.Over the last 34 years we have been building infrastructure of the country andsuccessfully executed projects across India and across segments like Roads BridgesBuildings Marine works etc.
The company has reported 19% growth in the profitability during the current year. Thiswas primarily led by better execution of our projects and operational efficiencies in theprocess.
Indian economy may have seen some moderation in the recent times because of liquidityissues or lower consumption by households but I believe that with the stable governmentat centre again the country's economy will be back on high growth track soon. I am verypositive on the country's growth story which will be led by growth in consumption andinvestments in the coming period.
The government has a clear agenda of augmenting Infrastructure of this country throughbuilding roads & highways railways ports airports smart cities metros etc. Ibelieve that the improvement in infrastructure of this country is very much required if wewant to reach the target of Rs.5 trillion economy in the next five years.
Government's focus on building infrastructure and commitment of investing Rs.100 LakhCrore in the next five years is commendable. We would surely tap some of these projectsfor our growth.
We have good experience in construction sector with better track record of timelyexecution of projects. Moreover our highly skilled & focused team and costefficiencies during the process would help us in getting more contracts in the comingperiods.
It's a great opportunity for us to participate in this country's immense growth storyin Infrastructure and pick feasible projects which would help us in growth of our turnoverand profitability in the coming years.
Robust order book of the Company stands at Rs.783 Crore as on 31st March 2019 and wouldbe executed in the next 12-36 months which should take care of growth for the next twoyears. We are currently bidding projects to the tune of Rs.500 Crore and there is fairchance of success in these projects.
I am also happy to share that we are associated with a prestigious project -Construction of new 4 Lane Bridge over River Ganga at Farakka Barrage. We had bagged theproject in joint venture with China's Qingdao Construction Engineering. We have executedportion of the project before the time of its completion.
I am equally confident that all the stakeholders and shareholders of the company willrevel in the journey of its growth and diversification
Chairman & Managing Director