The company’s positive approach has been the biggest contributor to its growth in FY19
Technology

The company’s positive approach has been the biggest contributor to its growth in FY19

SECTOR: CONSTRUCTION & CONTRACTING PNC Infratech PNC Infratech is currently executing 20 expressway, highway and airport runway projects of over Rs.140 billion on the EPC model. It is also implementing seven highway projects on HAM at an aggregate of over Rs.90 billi...
Redefine the future of urban mobility! Join us at the Metro Rail Conference 2025 to explore groundbreaking ideas and insights. 👉 Register today!

SECTOR: CONSTRUCTION & CONTRACTING PNC Infratech PNC Infratech is currently executing 20 expressway, highway and airport runway projects of over Rs.140 billion on the EPC model. It is also implementing seven highway projects on HAM at an aggregate of over Rs.90 billion. The company has a healthy balance sheet with over Rs.21 billion net worth as on March 31, 2019. Yogesh Kumar Jain, Managing Director, PNC Infratech, shares more… One decision you consider the biggest contributor to the company’s growth in FY2018-19: Despite persistent delays in making vacant land available for construction by project proponents, the company was never discouraged and spared no efforts to mobilise resources, including positioning men, machinery and materials with operational readiness to commence execution immediately upon the removal of hindrances without any lead time, and accelerate progress. A positive approach with enduring courage in challenging circumstances has been the biggest contributor to its growth in FY19. A single factor that you avoided, which could otherwise have impacted the company’s top-line and bottom-line: With EPC in the roads and highways sector being the company’s core strength, we avoided venturing into new sectors where we did not find synergy with our expertise. Plans for growth in FY2019-20: With over Rs.120 billion unexecuted order book at the start of FY20, well-progressing physical execution across projects, a large fleet of construction plant and machinery, a workforce of more than 9,000 with proven abilities and excellent financial health, the company is poised to scale new heights in terms of overall growth in FY20, both on a standalone (EPC) and consolidated basis. We expect securing certain new project orders during the reaming period of FY20.

Next Story
Infrastructure Urban

Bain Capital Invests in Dhoot Transmission Group to Accelerate Growth

Dhoot Transmission Group, a prominent manufacturer of automotive components, has announced a strategic growth investment from Bain Capital. This partnership with founder and CEO Rahul Dhoot will leverage Bain Capital's automotive expertise to drive innovation, expand global reach, and explore high-growth segments through acquisitions and partnerships.Founded in 1999, Dhoot Transmission Group specializes in manufacturing wiring harnesses for two-wheelers, three-wheelers, and other vehicles, including both internal combustion engine (ICE) and electric vehicle (EV) segments. The company has diver..

Next Story
Infrastructure Energy

Indian Oil Corp Eyes Sour Crude from Spot Market

Indian Oil Corporation (IOC), the largest oil refiner in India by capacity, is actively seeking to procure high-sulphur crude oil through spot tenders. This marks the company's first initiative to import sour crude oil since March 2022, according to insights shared by trade sources on Thursday. Sour crude, known for its higher sulphur content, is commonly used by complex refineries capable of processing such grades efficiently. In addition to the sour crude tender, IOC has also floated a separate tender for sweet crude oil, a variety with lower sulphur content that typically requires less int..

Next Story
Infrastructure Urban

Indian Carmakers Gear up for EV Push in 2025 Despite Global Slowdown

Automakers in India are preparing to launch nearly a dozen new electric car models this year, many targeting the premium market. These vehicles are expected to feature extended driving ranges and faster charging capabilities, aimed at attracting consumers amid a global slowdown in demand for electric vehicles (EVs). Electric cars are set to dominate India's five-day auto show in New Delhi starting Friday. The event will showcase models from Vietnamese newcomer VinFast, alongside domestic players such as Maruti Suzuki and Mahindra & Mahindra, as well as international competitors including BYD,..

Hi There!

"Now get regular updates from CW Magazine on WhatsApp!

Join the CW WhatsApp channel for the latest news, industry events, expert insights, and project updates from the construction and infrastructure industry.

Click the link below to join"

+91 81086 03000