¨Gradually reducing our exposure to the private sector has been an instrumental strategy.¨
- Shobhit Uppal, Deputy Managing Director, ACIL
With over 45 years´ experience, Ahluwalia Contracts India Ltd (ACIL) has established itself as a leading EPC company with projects across the spectrum: Institutional, corporate, industrial, housing and townships, hospitals, medical colleges, hotels, stadiums and auditoriums. In fact, ACIL has executed construction contracts worth over Rs 5,200 crore in the past four years. Its strategy for growth in 2014-15 included an increased focus on public-sector contracts; emerging quickly from legacy contracts and utilising released resources; better negotiation with private-sector clients on contracts to ensure equitable terms; paring long-term and short-term debts; and geographical consolidation at selected locations for better control over project execution and speed and cost-effectiveness.
¨Gradually reducing our exposure to the private sector has been an instrumental strategy,¨ says Shobhit Uppal, Deputy Managing Director, ACIL. ¨Also, we now lay more emphasis on projects with large contract value for effective resource management.¨ ACIL has restricted new purchase of capital assets, focusing on better utilisation of existing resources. Confident about its infrastructure and resource base to handle future orders, the company has been moving up the technology ladder, adopting the latest construction techniques. One example: A tie-up with a Russian firm for precast technology in a project near Delhi.