TOP CHALLENGERS

Action Construction Equipment (ACE) Offering a diverse portfolio of products covering all segments of construction, earthmoving, material handling and agriculture, NCR-based ACE believes in innovation to achieve excellence. A market leader in cranes, the company is fully equipped to cater to markets with the segments into which it has forayed in the past five to seven years. Asian Granito India Gujarat-based Asian Granito India is one of India's leading ceramic companies with eight manufacturing facilities and a production capacity of 100,000 sq m per day including outsourcing. With over 144 company showrooms at present, the company is aggressively increasing its number of showrooms across the country. Dilip Buildcon With about 78.44 per cent continuous YoY growth in the past four years, Bhopal-based EPC developer Dilip Buildcon is involved in the development of infrastructure across the country. The company's top line has been increasing for the past two years and it is confident of growth this year as well. Gayatri Projects Hyderabad-based Gayatri Projects is a diversified infra major, with interests in EPC, highways and power plants. The company has continued to rack up road and highway projects that provide robust revenue for the top-line. Further, it is now trying to diversify into underground mining and water supply where competition is low and profitability high for bottom-line growth. JSW Steel Mumbai's JSW Steel is one of India's leading integrated steel manufacturers with a capacity of 18 mtpa. The most important decision for the company last fiscal was to dynamically change the raw material mix to optimise cost and increase exports to take advantage of better realisations. Man Infraconstruction Mumbai's Man Infra is an integrated EPC company with execution capabilities in ports and residential and commercial building construction. The company is looking to strengthen its EPC pipeline by taking projects that align with its core philosophy of capital conservation and profitability. Its ability to capitalise on prevailing and best-fit opportunities has helped the company grow its top and bottom lines. MEP Infrastructure Developers Mumbai-based MEP Infrastructure Developers is a well-known name in the toll or operate-maintain-transfer space. The company's focus is more towards conservative rather than aggressive growth to maintain and sustain growth as well as profitability. In 2016-17, it has not only successfully bagged six HAM projects but achieved financial closure for them. Sanghi Industries Ahmedabad-based Sanghi Industries produces cement at one of the world's largest single-stream cement plants at Kutch in Gujarat. The company produces superior quality 53 Grade OPC and PPC cement. It has controlled costs through various measures to help maintain margins, and is currently in the process of doubling capacity from 4.1 MT to 8.2 MT in the coming years.