"Excellence’ Is The Common Attribute To Any Work We Do"
If you had to identify one highlight of the company’s working during the year under review, what would it be?
Clearly the fact that we reoriented our order book and the corporate direction decisively towards road building during the year under review. There was a time during the last few years when projects related to the power sector accounted for 90 per cent of our order book. Sometime in 2013, the Sunil Hitech management took a conscious decision: since the power sector was affected by policy slowdown, fuel linkages, declining viability and increasing withholding of our contracted revenues on account of disputes with customers, we took a conscious decision to moderate our exposure to this sector. Even as this decision was taken at that point, there was a recognition that the reorientation would only play out progressively across the future. I am pleased to report that during the year under review, the Company’s decision could be clearly showcased to shareholders: from a time in 2012-13 when the non-power segment accounted for only 20 per cent of our order book, we are pleased to state that this segment now accounted for 80 per cent of our order book as on 31 March 2017.
What is the implication of this transformation?
This story is from the October 01, 2017 edition of Dalal Street Investment Journal.
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This story is from the October 01, 2017 edition of Dalal Street Investment Journal.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
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