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Supreme Infrastructure India Ltd.

BSE: 532904 Sector: Engineering
NSE: SUPREMEINF ISIN Code: INE550H01011
BSE 00:00 | 12 Aug 21.80 -0.80
(-3.54%)
OPEN

23.70

HIGH

23.70

LOW

21.50

NSE 00:00 | 12 Aug 21.80 -0.90
(-3.96%)
OPEN

23.50

HIGH

23.75

LOW

21.60

OPEN 23.70
PREVIOUS CLOSE 22.60
VOLUME 4253
52-Week high 33.35
52-Week low 8.88
P/E
Mkt Cap.(Rs cr) 56
Buy Price 0.00
Buy Qty 0.00
Sell Price 0.00
Sell Qty 0.00
OPEN 23.70
CLOSE 22.60
VOLUME 4253
52-Week high 33.35
52-Week low 8.88
P/E
Mkt Cap.(Rs cr) 56
Buy Price 0.00
Buy Qty 0.00
Sell Price 0.00
Sell Qty 0.00

Supreme Infrastructure India Ltd. (SUPREMEINF) - Chairman Speech

Company chairman speech

Overview

The overarching communication is that in an infrastructure sector marked by extensiveshake-out affecting players of all sizes and capabilities there is an unprecedentedopportunity for medium-sized companies like Supreme Infrastructure to grow in its secondinning:

There is a rare coming together of positive realities: weaker Balance Sheets of some ofthe larger players are affecting their prequalification credentials for new projectswhile a restructured company like Supreme Infrastructure possesses a credible financialfoundation and a widening sectorial landscape in terms of new and larger projectopportunities.

The evidence is in the numbers: the government announced an infrastructure allocationof H5.54 lakh crore in the 202122 Union Budget that was 26 per cent higher than in theprevious year. This provides evidence that the government is serious about growing thecountry's infrastructure validating our aspirations. The signal is clear thatinfrastructure growth is perhaps the biggest national story; in fact I would go to theextent of stating that India's infrastructure story is gradually emerging as possiblyamong the largest such stories anywhere in the world.

The big question is whether Supreme Infrastructure is prepared.

The answer is yes for some good reasons.

Let us start with the most important consideration of preparedness: our evolvedculture. There was a time when we were engaged in risk mitigation; the time has come whenwe are prepared to embrace challenges in a structured manner. We are optimistic ofresponding with speed to opportunities delivering projects faster investing increasinglyin equipment and training capturing a larger slice of the value chain and embracingchallenging projects marked by lower competitive bidding and superior margins.

Besides we made increased investments in technology enunciated a common agenda thataligns every single employee with our organizational goal strengthening our monitoringsystem across geographies and investing in a common knowledge pool to make relevantinformation easily accessible.

A number of companies are unable to respond to emerging opportunities on account ofweak Balance Sheets. This is affecting their prequalification credentials to addressprogressively larger and profitable opportunities. At Supreme Infrastructure we possessexcellent prequalification credentials despite possessing a smaller Balance Sheet whichwe believe is a robust foundation.

We have taken a conscious decision to engage in controlled and monitorable growth thatprotects the integrity of our projects and Balance Sheet qualifying us for progressivelylarger and more profitable projects - a cycle of attractive sustainability.

We will focus on growing our turnover 15 per cent each year which is in line with ourdesired risk appetite and Balance Sheet size. We will focusing increasingly on roadbuilding projects that generate superior margins. We will concentrate on projects thatgenerate quicker cash flows and are not strapped by the withholding of retention moneythat could affect our accrual projections. We will increasingly grow our business throughearnings than external borrowings strengthening our sustainability.

Even though these are early days yet we are optimistic that in its second inningsSupreme Infrastructure will get stronger even as it gets larger.

B.H.Sharma Non-Executive Chairman

.