We are happy to have avoided HAM projects
POWER & RENEWABLE ENERGY

We are happy to have avoided HAM projects

SECTOR: CONSTRUCTION & CONTRACTING Gayatri Projects Gayatri Projects is one of India’s leading construction and infrastructure companies with interests in EPC, highways and power plants, and active operations in 19 ...

SECTOR: CONSTRUCTION & CONTRACTING Gayatri Projects Gayatri Projects is one of India’s leading construction and infrastructure companies with interests in EPC, highways and power plants, and active operations in 19 states. Established in 1975, the company now has an annual revenue in excess of Rs.35 billion. TV Sandeep Reddy, Managing Director, Gayatri Projects, shares more… One decision you consider the biggest contributor to the company’s growth in FY2018-19: Over the past five years, our single best decision was to go with the cluster-bidding model where we can leverage economies of scale and synergies. In the future, we hope to use this expansion strategy to establish a monopoly across India in key focus areas like highways. At the same time, we are actively leveraging cutting-edge technologies like IoT and AI to increase profitability. We have looked closely at the systems being used by construction industry leaders across the globe, and are proud to say that our integrated project and equipment management platform is the most advanced in the world. One single factor you avoided that could have impacted the company’s top-line and bottom-line: We continue to maintain our position that we are happy to have avoided HAM projects. We are going to continue focusing on an asset-light EPC strategy. Plans for the company’s growth in FY2019-20: We are taking a three-pronged approach for future growth in the top-line and bottom-line: Bidding for new highway projects in clusters where we already have synergies and economies of scale. Expanding and consolidating our foothold in specialised industries like underground mining and water supply. Leveraging technology for improved project execution and equipment utilisation.

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