We have over 50 years of experience.
e have over 25 years of experience in executing EPC projects which have been in the road sector comprising construction and development of state and national highways, bridges, culverts, flyovers, airport runways, tunnels and rail over-bridges. Since 2006, we have executed more than 100 road construction projects. We have historically had a focus on the road projects whilst executing EPC projects and accordingly have established our credentials as an EPC player capable of executing a range of these construction projects that involve varying degrees of complexity. We believe that our focused approach will enable us to benefit from future market opportunities and expand into new markets, and combined with our technical experience and pricing, will be critical in competing in the industry. Consequently, in March and May 2018, we have been awarded two projects for the railways sector which include earthwork, construction of bridges and supply of materials and track linking and civil engineering works.
As of December 31, 2020, our Order Book primarily comprised EPC and HAM projects in the road sector across the states of Uttar Pradesh, Madhya Pradesh, Maharashtra, Gujarat, Rajasthan, Andhra Pradesh, Bihar, Manipur, Odisha and Himachal Pradesh. In addition, our Order Book also includes railway projects in Andhra Pradesh and Madhya Pradesh and an optical fibre project spread across the states of Bihar, Odisha, West Bengal, Andaman and Nicobar Islands, Jharkhand and Sikkim. We have in the past also executed projects in Haryana, Punjab, Jharkhand and Meghalaya. We have developed experience of executing projects across diverse geographic locations in India with varied degrees of complexities such as construction in high-traffic and high-density areas, construction of tunnels in hilly terrain and slope protection and rock fall protection due to high rainfall. We believe that the consistent growth in our Order Book has resulted from our continued focus on road projects and our ability to successfully bid and win new projects. We believe that our experience in execution of road projects, technical capabilities, timely performance, reputation for quality, financial strength as well as the price competitiveness of our bids have enabled us to successfully bid for and win projects.
We have developed a long-standing relationship with our clients including the National Highways Authority of India, Ministry of Road Transport and Highways, Public Works Department, Government of Rajasthan and Rajasthan State Road Development Corporation.
With our experience of over 25 years and more than 100 road construction projects executed since 2006, we believe that we have developed an established track record of efficient project management and execution experience, involving trained and skilled manpower, efficient deployment of equipment and an in-house integrated model. We believe that these attributes have enabled us to compete projects prior to or by scheduled timelines. Our in-house materials supply chain management ensures that key construction materials are timely delivered to our manufacturing facilities and construction sites, thereby enabling us to manage our processes effectively and maintain our key raw material inventory in an optimal manner. Our project management team, working in conjunction with the design and engineering team, ensures operational efficiencies through overall supervision of the manufacturing and project execution process.
Some of our projects that completed earlier than what was stipulated, are set out below:
|Project||Scheduled construction period (in days)||Completed earlier than scheduled (in days)|
|Nagaur Mukundgarh Project||730||394|
|Porbandar Dwarka Project||1,095||299|
|Shillong Bypass Project||1,095||318|
|Jowai – Ratacherra Project||910||46|
|Faridkote – Kotakpura Project||730||90|
|Hisar Dabwali Package 2||913||106|
|Hisar Dabwali Package 1||913||115|
|Phagwara Rupnagar Project||910||38|
We believe that our track record of successfully completing complex projects in a timely manner has allowed us to grow our business.
We undertake our construction business in an integrated manner as we have developed key competencies and resources in-house to deliver a project from conceptualization until completion. Our in-house integrated model includes a design and engineering team, manufacturing facilities for processing of bitumen, thermoplastic road-marking paint and road signage, fabrication and galvanization unit for manufacture of metal crash barriers, owned construction equipment and a fleet of transportation vehicles. Our manufacturing facilities for processing of bitumen located in Udaipur, Rajasthan, Sandila, Uttar Pradesh and Guwahati, Assam and fabrication and galvanization unit for manufacturing metal crash barriers and electric poles located at Ahmedabad, Gujarat and thermoplastic road-marking paint and road signage manufacturing unit, also located in Udaipur, Rajasthan cater to the key components that we require in the construction and development of our projects. Our manufacturing facilities help reduce our dependence on third party suppliers for our key materials i.e., bitumen emulsion, as well as other products required for completion of roads such as signages, overhead structures and toll canopies. Our in-house integrated model is facilitated by the timely transportation of key raw materials such as bitumen and diesel to project sites by tankers owned by us that are fitted with GPS tracking devices, which we believe reduces pilferage and adulteration. As of December 31, 2020, our equipment base comprised over 6,500 construction equipment and vehicles that enabled us to be less dependent on third party equipment providers and efficiently manage our project execution schedules. We have also set up a workshop in Udaipur, Rajasthan where we undertake major repair and maintenance of our construction equipment and vehicles that ensures reduced downtime of our construction equipment. We also own specialized construction equipment such as hot mix plants, soil stabilizers, mobile cold recycling mixing plants and cement spreaders. As at December 31, 2020, the aggregate gross block value of our Company’s property, plant and equipment was ₹ 17,740.20 million.
We believe that our integrated model ensures that products and services required for development and construction of a project meet our quality standards and are delivered in a timely manner thereby reducing contractual risks involved with third party suppliers of products and services. We believe that our in-house integrated model has contributed to our ability to successfully complete projects on or before time, without compromising on quality and allowing us to capture a larger proportion of the value chain in the road development business, including EPC margins, developer returns and operation and maintenance margins. We also believe that our in-house integrated model provides us with a competitive advantage over other infrastructure development and construction companies that outsource their construction activities to external agencies.
We have seen robust business growth under the vision, leadership and guidance of our individual Promoters, who have more than 25 years of experience in the construction industry. Prior to incorporation of our Company, our individual Promoters were associated with M/s. Gumani Ram Agarwal, a partnership firm, whose business was acquired by our Company in 1996. We believe that our Promoters have played a key role in the development of our business and we benefit from their industry knowledge and expertise, vision and leadership. Our Promoters have strong operational knowledge, good relationships with our clients and a successful track record of executing infrastructure projects.
In addition to our individual Promoters, our senior management team includes qualified, experienced and skilled professionals who have experience across various sectors. We believe the stability of our management team and the industry experience brought on by our individual Promoters will enable us to continue to take advantage of future market opportunities and expand into newer markets. Our senior management team is able to leverage our market position with their collective experience and knowledge in the infrastructure construction industry, to execute our business strategies and drive our future growth. Our department heads have an average experience of over two decades in the infrastructure construction industry.