It gives me great pleasure to share with you the highlights of our company`s
performance during the year 2012-13.
2012-13 was a busy year. It tested us but in the process also made us stronger. We
continued to look inwards. An integrated product mix enabled us withstand margin pressures
and at the same time deliver quality solutions to our clients. The Company in recent years
has expanded its business landscape from infrastructure sectors such as roads, metros,
highways to other sectors like power, aviation, T&D etc among many other sectors and
has made large investments in these areas. With all the business units operational, we
were able to mitigate the cost pressure and also post decent growth in terms of absolute
numbers. A hard year made us cherish and bolster our unique business model.
The Indian infrastructure story continues to be promising. Although 2012-13 witnessed
several hiccups in terms of slowdown in orders and galloping interest rates as well as
input prices, we at Era Infra strongly feel that the growth story in the sector has just
begun. Even under these tough times and the pressures in the economy, Era Infra
demonstrated resilience with revenue of Rs 4673 crores and Net profit of Rs 192 crores.
The company defines itself by being far sighted, customer focused, leaner and agile to
convert opportunities into business.
Division Review Engineering Procurement & Construction
Procurement is one of the key areas that an make or break a projects budgets,
timelines, and construction quality. Era Infra* seasoned expertise in design and
engineering, construction, and construction management gives us added insight into the
The construction industry is one of the best performing since the beginning of this
decade. This is more significantly observed in Asian countries. The performance of the EPC
sector is primarily interlinked with infrastructure investment With the projected 1
trillion dollars funding in infrastructure in India during 12th plan (2012-17) it is dear
that the EPC sector will continue to be the predominant form of construction contract
With the increasing need for accelerating infrastructure development to fuel India`s
economic growth, there is no doubt that the EPC sector is in an advantageous position.
Sectors including roads, oil and gas, and power have relatively higher construction
opportunities since these segments have reached a matured stage. Nevertheless, sectors
such as urban infrastructure, particularly water supply, waste management and urban
transport system, are gradually demonstrating dear signs of positive growth.
We are stepping up ourforay into areas where opportunitiesare being opened up as far as
infrastructure is involved and where the competitive pressures are low. To begin this
year, we have bagged two remarkable projects i. e., upgradation of NICD to NCDC at 22,
Sham Nath Marg, Delhi from NBCC and a contract from DDA for construction of 3, 000 Multi
Storeyed Dwelling Units at Community Centre Site.
Equipment Management Division
One planning tool any project needs Is an equipment management. This division provides
all the details of the equipment that our company currently owns. It is very important to
know all about current stock of equipment, so that any allocation of resources is an
objective assessment, and therefore budgets are based upon the actual quantity of
equipment owned. This division also manages equipment effectively so that operational
affordability can be calculated. This division helps to develop realistic plans for the
future as we know our current equipment situation, therefore reduced wasting of funds,
procuring new equipment while neglecting the replacement of existing essential items.
Our services often extend to providing a strategy for managing the selection and
procurement of new specialist equipment and/or the moving, disposal or repair of existing
equipment. The co-ordination of these complex engineering issues within the scheme design
and construction stages is vital to the ultimate success of the project. With a mammoth
equipment bank like ours, it is an ideal way to encash the idle machine time and earn
revenues which make a robust revenue earner.
Infrastructure bottleneck has been a serious concern in India in its way of robust pace
of economic progression. Like many advanced economies and fiscal constrained developing
countries have developed their physical infrastructure successfully either through private
participation or through public-private partnership (PPP) model, in India, private
participation in the process of infrastructure development has received a great response
too. The BOT model has taken precedence in the Indian infrastructure scenario today, and
is set to grow even further.
Creating core competence for Design and Engineering, Procurement and
Construction on turn key basis and advisory for roads/highways projects.
Focus on generating value added strengths in road/highway/transmission etc.
Powering the happiness of millions of Indians, Era T&D is creating an impact at the
power generation to grow simultaneously to deliver more power to the people. Era T&D
undertakes turnkey projects that help lay power lines which will prove to be the lifelines
for future development.
Strive for bigger transmission & distribution projects
Focus on repair and maintenance contracts for electrical & mechanical
Execute turnkey jobs in India and overseas (Middle East, Africa etc. ).
Committed to serving stakeholders
Without taking a simplistic approach and without surrendering to passing fashions, we
have to measure the importance of our Stakeholders. We seek to proactively manage our
relationships with our Stakeholder communities to mutual benefit. To our Shareholders, we
are committed to deliver ever increasing valuations and returns, to our employees we offer
enhanced career building opportunities, to the communities we deliver infrastructure for a
better tomorrow and to the industry and business in the geographic areas we operate in, we
offer the possibility of a bright future.
Lets unite together with a sincere commitment towards this vision and would take this
opportunity to thank our Board of Directors for the advice, guidance and mentoring they
have provided us in our attempt to build the lifeline for tomorrow.
H. S. Bharana
Chairman & Managing Director