Growth Unlimited
Key Drivers for Growth
TM
Power Mech
Growth Unlimited
Impressive progress in the Steel, Petrochemical, Irrigation sectors. Going forward,
there will be a healthy competition between these segments for superior showing
in revenue shares of the Company.
These segments shall become independent entities for compulsive and competitive
survival. New ventures will shoulder the Company and progress at the same time.
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Further expansion to business related to Railways, Roads, Steel Plant works,
Material Handling works, Oil and Gas sector, Cross Country Pipelines, Urban
Infrastructure projects is on the anvil. O&M will continue to be our key driver,
doubling in the next 4 to 5 years.
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Non-power sector is the key for charting the Company's growth in view of
huge investments planned as part of National Infrastructure Pipeline (NIP)
worth Rs. 111 lakh Crores in the next 5 to 6 years by the Government of India.
Transforming the Company into an engineering and manufacturing base with
backward integration will be our priority to bring in value addition, higher
revenue and profitability.
The Company has strongly established its presence in the Middle East and Africa,
undertaking ETC projects. In the last 2 years, the Company has also established its
presence in the O&M space in the Middle East and North Africa.
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Another potential opportunity is in the Roads and Airports segment. Road network
expansion is taking place at breakneck speed, and there are opportunities available
for choosing.
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Apart from O&M, increased penetration into the domestic sector of IPP base,
Utilities of Central and State, Captive Thermal power base, integrating the
spares business through in-house manufacturing and to make concerted
efforts for more penetration into the non-power sector is strategically planned.
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80
Efforts have been focussed on entering into the EPC business related to
turnkey material handling contracts in Power, Minerals, Coal and other sectors.
Capitalize on new growth avenues like water supply pipeline construction
backed by Government initiatives like Har Ghar Jal and Jal Jeevan Mission
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