We have over 50 years of experience.
e have an experience of 20 years in executing road focused EPC projects, comprising of construction and development of state and national highways, bridges, culverts, flyovers, airport runways and rail over bridges. Since 2006, we have executed more than 89 road construction and EPC projects. We have, since inception, focused on the roads EPC sector which has given us a distinct advantage of mitigating risks associated with the dynamics of road construction sector while simultaneously establishing our credentials as an EPC player capable of implementing a variety of road construction projects that involve varying degrees of complexity. We believe that our focused approach will enable us to continue to take advantage of future market opportunities and expand into new markets and when combined with our technical experience and pricing, be critical in enabling us to compete against other players in this industry.
As of January 31, 2018, our Order Book comprises of 19 road EPC projects across Maharashtra, Rajasthan, Punjab, Haryana, Himachal Pradesh, Gujarat, Uttar Pradesh, Bihar, Meghalaya, and Odisha. We have, in the past, executed projects in Jharkhand and Meghalaya providing us with an experience of executing projects across diverse geographic locations in India with varied degrees of complexities like 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 is a result of our sustained focus on road EPC projects and our ability to successfully bid and win new projects. We believe that our experience in execution of road projects, technical ability, timely performance, reputation for quality, financial strength and the price competitiveness of our bids helps us successfully bid and win projects.We have a long-standing relationship and good reputation 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 20 years and more than 89 road construction and EPC projects executed since 2006, we believe that we have an established track record of efficient project management and execution skills with trained and skilled manpower, efficient deployment of equipment and in-house integrated model that has ensured meeting project targets on schedule and in some instances even before the designated completion date. Our in-house raw material supply chain management ensures that the key raw materials are delivered to our manufacturing facilities on time, enabling us to manage our processes effectively and maintain our key raw material inventory in an optimal manner. Our project management team, in conjunction with the design and engineering team, ensures operational efficiencies by having an overall control of the manufacturing and project execution process to ensure execution of projects in a time bound manner.
The construction of the Shillong Bypass Project which had a construction period of 1,095 days was completed approximately 10 months ahead of schedule and our Company was awarded a bonus of ₹ 432.10 million for such early completion. In addition, the construction of the Jodhpur Pokaran Project which had a scheduled construction period of 730 days was completed approximately 67 days ahead of schedule and our Company was awarded a bonus of ₹ 53.27 million on account of early completion. We believe that our track-record of completing projects on time and our reputation for delivering quality construction projects has enabled us to gain clients’ confidence.
We strive to maintain a robust financial position with emphasis on having a strong balance sheet and increased profitability. Our strong balance sheet and positive operating cash flows coupled with low levels of debt enable us to fund our strategic initiatives, pursue opportunities for growth and better manage unanticipated cash flow variations. Our business growth during the last five financial years has contributed significantly to our financial strength. Our total revenue from operations increased from ₹ 11,222.18 million in Fiscal 2013 to ₹ 32,803.21 million in Fiscal 2017 at a CAGR of 23.93% while our profit for the year increased from ₹ 529.38 million in Fiscal 2013 to ₹ 5,412.80 million in Fiscal 2017 at a CAGR of 78.82%.Our credit record and relationships with our lenders help us raise financing on a timely basis. Our ability to raise financing on time helps us maintain the required leverage that we require for our operations.
We undertake our construction business in an integrated manner as we have key competencies and resources in-house to deliver a project from conceptualization till 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 and Guwahati, Assam and fabrication and galvanization unit for manufacturing metal crash barriers 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 raw materials i.e., bitumen emulsion and 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 like bitumen and diesel from our manufacturing facilities and refineries to project sites, for captive consumption by tankers owned by us that are fitted with GPS tracking devices, which we believe, reduces pilferage and adulteration. As of January 31, 2018, our equipment base comprised over 3300 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. Our Company also owns specialized construction equipment like hot mix plant, soil stabilizer, mobile cold recycling mixing plant and cement spreader. As at December 31, 2017, the aggregate gross book value of our Company’s property, plant and machinery was ₹ 4,821.20 million.
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 two decades 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 comprises 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.