We always bid for a right project at a right price
Technology

We always bid for a right project at a right price

Yogesh Kumar Jain, Managing Director, PNC Infratech PNC Infratech is an integrated infrastructure investment, development, construction, operation and management company, with expertise in the execution of expressways, highways, bridges, flyovers and airport runways and the ...

Yogesh Kumar Jain, Managing Director, PNC Infratech PNC Infratech is an integrated infrastructure investment, development, construction, operation and management company, with expertise in the execution of expressways, highways, bridges, flyovers and airport runways and the development of industrial areas across several states in the country. With its three decades of expertise in the field of infrastructure, the company has executed over 65 major infrastructure projects to date and is currently executing 20 expressway, highway and airport runway projects worth over Rs 150 billion on the EPC model. The company’s end-to-end execution capabilities enable timely completion of projects with enhanced control. It has consistently been making profits since inception and has a healthy balance sheet with over Rs 25billion net worth as on March 31, 2020. Yogesh Kumar Jain, Managing Director, PNC Infratech, shares more…. Major challenge faced in FY2019-20 and the company’s approach to it:Timely possession and provision of vacant land by project authorities for seamless execution of projects have been the major challenge during FY2019-20. As the company mobilised adequate resources and fully gearedup across all its project sites with meticulous planning, we executed works at all the available fronts and sides, without waiting for handing over of intermittent stretches, even at the priceof contiguity. Another major challenge faced by the company was securing new business, particularly when the bidding and awarding activity in the country has been significantly subdued during the major part of FY2020, which has further increased competition. With the right bidding strategy and focus on opportunities in the stronghold area, the company was able to secure four major new projects of an aggregate value of over Rs 62 billion. Biggest contributor to the company’s growth in FY2020: Investment, development, construction, O&M capabilities under one roof, an unexecuted orderbook of over Rs 120 billion at the beginning of FY2020, well-planned execution across projects with a proactive approach, a large fleet of state-of-the-artplant and machinery, a workforce of over 8,000 with proven abilities, sound credit ratings and prudent financial planningwere the major contributors. A decision avoided that helped impact the topline and bottomline:As a principle, we don’t bid and grab projects just for the sake of order-book expansion; we always bid for a right project at a right price, which was scrupulously followed in FY2020 as well. Plans for growth in FY2020-21 amid the uncertainties the COVID-19 pandemic has brought about:As the company’s execution and operation capabilities are backed by in-house planning,construction and operations, fully owned construction equipment, mostly owned mining and aggregate crushing facilities and zero working capital loan, the impact on growth,both in terms of revenue and profitability, would not be significant in FY2021. Though there could be a limited shortfall in the growth in the first half of FY2021 owing to the lockdowns, disruption in supply chains and exodus of migrant labour, coupled with the early arrival of the monsoon at some major project locations, with a robust order book, a large number of major ongoing projects and adequate resources fully mobilised, we are confident of rapidly accelerated progress in the second half, not only to makeup the shortfall but also come out with very decent and convincing numbers in FY2021. PNC Infratech Total Income EBITDA Reported PAT FY20 (Rsbillion) 56.0 13.3 5.5 Growth over FY19 (%) 48.4 31.9 57.7    

Related Stories

Gold Stories

Next Story
Resources

Schindler named among Forbes’ World’s Best Employers 2026

Schindler has been named among Forbes’ World’s Best Employers 2026, a global ranking recognising companies for their workplace environments.Compiled by Forbes in partnership with Statista, the ranking is based on independent employee feedback, including whether employees would recommend their organisation to friends and family.The company said the recognition reflected its focus on creating a workplace where employees can develop their expertise and build careers. ..

Next Story
Infrastructure Urban

India needs an export-execution mindset: Vishesh Jain

Interview with Vishesh Jain, Founder & CEO, EximpleWhat gaps in India’s global trade ecosystem led you to build Eximple, and what problem did you see businesses struggling with most?Eximple came out of a problem that all three founders had seen from different choke points in the trade ecosystem. India has millions of MSMEs and manufacturers, and many of them can make products that are genuinely competitive on quality. Yet only a small fraction is able to build meaningful international businesses. In our experience, the gap is usually not manufacturing capability; it is the ability to exe..

Next Story
Building Material

Nuvoco reports 13.5% revenue growth in Q2 FY27

Nuvoco Vistas Corp. Ltd. reported consolidated revenue of Rs 27.9 billion for Q2 FY27, up 13.5% year on year. Cement sales volume rose 9% to 4.7 million tonnes (MMT), while EBITDA increased 11% to Rs 4.11 billion.The company said it began its cement operations in 2014 with a 2.3 MMT per annum (MMTPA) operation at Nimbol. It now aims to reach 35 MMTPA of cement capacity by FY28, nearly 15 times its initial capacity. Its portfolio spans cement, ready-mix concrete and modern building materials.On sustainability and cost efficiency, Nuvoco partnered with CleanMax for a 46.4 MW wind-solar hybrid re..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

SPECIAL OFFER
QR Code