Sterling and Wilson integrates MEP business, targets Rs 3,000 crore by 2020

Sterling and Wilson has evolved to become India's leading MEP contracting company, having integrated its various offerings and services under a single MEP entity. All five services -electrical, HVAC, fire-fighting, plumbing and IBMS - have been successfully incorporated into a single business unit, which has an order intake of about Rs 16 billion today. The integration has enabled the company to streamline multiple services for a seamless and unified direct project delivery system with a lean organisational structure operating at lower overheads, making it a competitive and strong market leader.<br /> <br /> Further, under the MEP umbrella, the company has ventured into five new services: Industrial fire and safety; flue-gas desulfurisation; process control and instrumentation; industrial clean room EPC; and IBMS special projects (smart cities and defence segments). These will form the next wave of growth for the MEP business. <br /> <br /> With the integration coupled with these newly introduced services, the company is predicting a Rs 30 billion target for the MEP division by 2020.<br /> <br /> 'The integration of the five MEP services will prove to be a major growth driver for the company, resulting in close to 30 per cent growth for the business in the coming two to three years,' said TP Prakasan, COO-MEP Business, Sterling and Wilson. 'It will also pave the way for simultaneous, seamless services and timely project delivery for clients as well as reduced costs, time and coordination efforts for internal stakeholders. With the introduction of the five new services and one of the largest teams of engineers, Sterling and Wilson remains instrumental in pioneering MEP services in India. The company will drive a new wave of change in the MEP construction industry by impacting the way it is operating today. We have big plans to change the construction methodology, process and qualitative approach to project deliveries, come out with MEP training schools, and make the industry more attractive to the upcoming young generation of talent to overcome one of the bigger challenges the industry is facing today.'<br /> <br /> Sterling and Wilson has expanded its MEP business in India, with a market share of 15 per cent, and plans to penetrate foreign geographies such as Bangladesh, Bhutan, Nepal and beyond.<br />