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Sadbhav Engineering Ltd.

BSE: 532710 Sector: Infrastructure
NSE: SADBHAV ISIN Code: INE226H01026
BSE 00:00 | 03 Feb 12.18 -0.38
(-3.03%)
OPEN

12.31

HIGH

12.85

LOW

11.94

NSE 00:00 | 03 Feb 12.20 -0.45
(-3.56%)
OPEN

12.65

HIGH

12.65

LOW

12.05

OPEN 12.31
PREVIOUS CLOSE 12.56
VOLUME 37894
52-Week high 40.00
52-Week low 10.30
P/E
Mkt Cap.(Rs cr) 209
Buy Price 0.00
Buy Qty 0.00
Sell Price 0.00
Sell Qty 0.00
OPEN 12.31
CLOSE 12.56
VOLUME 37894
52-Week high 40.00
52-Week low 10.30
P/E
Mkt Cap.(Rs cr) 209
Buy Price 0.00
Buy Qty 0.00
Sell Price 0.00
Sell Qty 0.00

Sadbhav Engineering Ltd. (SADBHAV) - Chairman Speech

Company chairman speech

Dear Shareholders

My warm greetings to all of you. I hope you and your loved ones are safe and in goodhealth. The financial year 2021-22 has gone through the second consecutive year under theCovid-19 pandemic. The past two years have been difficult unpredictable and challengingfor the world to say the least. We are confronting repeated waves of pandemic-leddisruptions with uncertainty still looming over the spectrum of the world economies.

When we are saying that we are building the infrastructure for the brighter future weare aiming to leap into the new trajectory of growth and development. At Sadbhav webelieve that brightness is the result of the enlightening ourselves through the evolutionexperience expertise and excellence we gain through out our past and present endeavours.More we attain higher degrees in these 4Es brighter the future we embrace. That's why weare proud of the milestones we achieved in our journey of 34 years in building theinfrastructure for our nation. Every project that we have executed has made us wiser andresilient.

To live in the developed and prosperous nation we have to make the one. Building ofworld class infrastructure is one of the prerequisites for the nation to progress aheadand get recognised as a developed nation by the rest of the world. We at Sadbhavunderstood this since the time of our inception and vision of building the infrastructuretoday for tomorrow is enshrined in all our endeavours. Sadbhav is a respected name todayin Engineering Procurement and Construction (EPC) projects segment and has commissionedmany prestigious projects across 12 states. We have always believed in augmenting theservice and quality quotient and surpassed the expectations of the clients in some of themilestone projects we executed.

During FY'21-22 India's gross domestic product (GDP) growth slowed to a four-quarterlow of 4.1% during the January-March period from 5.4% in the preceding quarter asmanufacturing output shrank. As a result full-year growth came in at 8.7%. As per theeconomic survey 2021-22 GDP is projected to grow at 8 - 8.5 % during 2022-23. Agriculturesector GVA registered buoyant growth of 3.9% in 2021-22. During the year roadconstruction per day was 28.4% and lesser than the previous year due to Covid-19 pandemicrelated disruptions and now Government of India has set an ambitious target of 60 KM perday for 2022-23.

Union Budget 2021-22 highlighted infrastructure sector as one of the biggest gainers.Government of India focused this year's budget to infrastructure development whichreceived the much-needed impetus. The government allocated 34.5% more than the last yearto infrastructure development giving emphasis to roads and highways railways urbaninfrastructure power port shipping and airways. The National Infrastructure Pipelinewhich was launched with 6835 projects has now expanded to 7400 projects with 217projects worth Rs 1.10 trillion completed. Three new dedicated freight corridorsEast-Coast Corridor

East-West Sub Corridor and North-South Corridor are expected to see investments ofabout Rs 2.17 lakh crores. Asset monetisation plan for public infrastructure is expectedto raise revenue for the government. A National Monetisation Pipeline for potentialbrownfield infrastructure assets has been envisaged.

During the year your company's total turnover was Rs.1226.24 Crores and the totalincome was Rs.1322.58 Crores. During the year your Company has constructed roads andhighways of Over 9621 lane kms. As on March 31 2022 your Company has completed 46projects in the transportation sector in which 43 of Highway Projects (out of which 11 areEPC projects 11 BOT projects 20 Item rate project and 1 Annuity projects) and 3 areMetro Projects. Irrigation segment. The projects under canal construction work reachedover 819 kilometers. Your Company is mining Uranium ore and Coal in Gujarat state whichare precious minerals and vital for the country in long term. Sadbhav has mined 574 MnCubic ft till now.

Despite the adverse impact due to challenges posed by COVID'19 on operations theCompany sustained its business excellence and continuity during the reporting year in allits verticals. Your Company is driven by strong fundamentals and value enshrined in itsfoundation and has always given priority to safeguarding the interest of the stakeholders.Your Company believes in pursuing long term sustainable development goals without beingtrifled by short term gains. This is because of the fact that EPC as a sector requireslong term strategies vision and plans as building infrastructure is a quality drivenbusiness activity confining to pre-defined project time frames and allocation of largenumber of resources. We are pragmatic and optimistic in all projects we undertake and areconfident that we will add value to stakeholder's interests in long term.

Your Company's gross block of fixed assets stand at Rs. 562.64 Crores as on March 312022.

Your Company has created direct employment opportunities for 1238 employees andindirect occupational opportunities to equal number of people through various projects andallied activities. At Sadbhav all our employees are protected by benefits like PFgratuity bonus etc. Furthermore your company is one among a few companies to implementSAP S4-HANA to manage the resources across the country in real time.

I take this opportunity on behalf of the management of Sadbhav Engineering Limited tothank all our stakeholders including our shareholders clients contractors communitymembers employees and government authorities for their patronage which has been drivingforce for all of us at Sadbhav. We are steadfast in our commitment to build theinfrastructure for the brighter future.

Regards

Shashin V. Patel

Vice Chairman

.