Economic Overview
The global economy enters 2022 in a weaker position than previously expected. As the
new Omicron COVID-19 variant spreads, countries have re imposed mobility restrictions all
though the 2ndwave of Covid had less impact as compared to the 1 stwave. Further, the war
in Ukraine in early 2022 has triggered a costly humanitarian crisis that demands a
peaceful resolution. At the same time, economic damage from the conflict will contribute
to a significant slowdown in global growth in 2022 and add to inflation. Rising energy
prices and supply disruptions have resulted in higher and more broad-based inflation than
anticipated, notably in the United States and many emerging market and developing
economies. War-induced commodity price increases and broadening price pressures have led
to 2022 inflation projections of 5.7 percent in advanced economies and 8.7 percent in
emerging market and developing economies —1.8 and 2.8 percentage points higher than
projected last January. Fuel and food prices have increased rapidly, hitting vulnerable
populations in low -income countries hardest.
As an impact of Covid and Ukraine war the global growth is forecast ed to decline to
about 3.3 percent over the medium term. Global growth is projected to slow from an
estimated 6.1 percent in 2021 to 3.6 percent in 2022 and 2023. This is 0.8 and 0.2
percentage points lower for 2022 and 2023 than projected in January largely as a
consequence of the war in Ukraine. A severe double-digit drop in GDP is expected in
Ukraine due to fighting. A deep contraction is projected for Russia due to sanctions and
European countries decisions to scale back energy imports. The economic costs of war are
expected to spread farther afield through commodity markets, trade, and
—to a lesser extent
— financial interlinkages. Fuel and food price rises are already having a global
impact, with vulnerable populations
—particularly in low-in me countries—most affected.
Central and State Governments have introduced a plethora of reforms across various
sectors, which have contributed to Indias leap of 79 positions from 142nd rank (out of
190 economies) in 2014 to the 63rd in the latest Doing Business Report of the World
Bank.
Industrial production suffered a huge blow during the 2nc^lockdown period while
Services, especially those involved in physical aggregation of people, including tourism,
hospitality and airlines are yet to recover from the demand shock. Agriculture sector,
however, remained cushioned from the negative impacts of the pandemic.
Industry Overview
The economic impact of the "second wave" in Q1 was smaller than that
experienced during the full lockdown phase in 2020-21 even though the health impact was
more severe. The
construction industry was not impacted as badly as happened in 2020 -21. During this
period the infrastructure industry was working on full swing and remained bedrock of
opportunities for the Indian economy. The construction industry is a key driver of
economic growth and is pivotal for shaping the future of a country. It is a diverse sector
consisting of roads, highways, irrigation, water supply, sanitation, railways, ports,
airports, smart cities and construction.
The infrastructure sector has become the biggest focus area for the Government of
India. Infrastructure sector is a key driver for the Indian economy. The sector is highly
responsible for propelling Indias overall development and enjoys intense focus from
Government for initiating policies that would ensure time-bound creation of world class
infrastructure in the country. Infrastructure sector includes power, bridges, dams, roads,
and urban infrastructure development.
In Union Budget 2022, the government has given a massive push to the infrastructure
sector by enhancing the transport infrastructure. The key highlights of the Budget 2022
are as follows:
• Rs 20,000 Crore financed by the govt, to speed up the PM Gati Shakti project,
the multimodal connectivity for the states with speedier implementation of development
projects through technology facilitates faster movement of people and goods.
• The seven engines that drive PM GatiShakti are Roads, Railways, Airports, Ports,
Mass Transport, Waterways, and Logistics Infrastructure.
• PM GatiShakti Master Plan for Expressways will be formulated in 2022 -23 to
facilitate faster movement of people and goods.
• The National Highways network will be expanded by 25,000 km in 2022 -23.
• 2,000 km of network will be brought under Kavach, the indigenous world -class
technology for safety and capacity augmentation in 2022-23.
• One hundred PM GatiShakti Cargo Terminals for multimodal logistics facilities
will be developed during the next three years.
• 5 lakh post offices will come under the complete banking system. This will
enable smooth and transparent real estate transactions in the rural areas and encourage
loan disbursal to the semi-urban population.
• As a preferred ecologically sustainable alternative to conventional roads in
difficult hilly areas, National Ropeways Development Programme will be taken up on PPP
mode.
• Contracts for 8 ropeway projects for a length of 60 km will be awarded in 2022
-23.
In 2021-22, the construction sector is expected to grow by 10.7
The infrastructure sector has become the biggest focus area for the Government of
India. India plans to spend US$ 1.4 trillion on infrastructure during 2019-23 to have a
sustainable development of the country. The Government has suggested investment of
5,000,000 Crore (US$ 750 billion) for railways infrastructure from 2018 -30.
Indian Economy
As per the estimates the Indian economy is expected to witness real GDP expansion of
9.2 per cent in 2021-22 after contracting in 2020-21. This implies that overall economic
activity has recovered past the pre-pandemic levels.
The overall, sharp rebound and recovery of the economy is reflective of our countrys
strong resilience. Indias economic growth in the current year is estimated to be 9.2 per
cent, highest among all large economies.
In the midst of an Omicron wave, with high incidence, which was though having milder
symptoms the speed and coverage of the vaccination campaign has helped the country greatly
to control the spread of virus. With the accelerated improvement of health infrastructure
in the past two years, the country is in a strong position to withstand challenges.
The budget FY21-22 reiterated the commitment of the Government to build a USD 5
trillion economy by 2025 focusing on infrastructure and a crisis proof medical
infrastructure. Overall, the budget reinstates the optimism on growth and presents a major
opportunity to construction companies regarding the capex trajectory.
Business Overview
A B Infrabuild Limited (ABINFRA or the Company ) provides various services such as
civil and structural work, new station infrastructure, redevelopment of old stations, new
railway lines, gauge conversion, track linking, track formation, building of Rail Over
Bridge, Foot Over Bridge etc. We are engaged in the development of infrastructure for the
last 12 years and have completed construction of Road Over Bridge ( ROB ) at various
stations in the Central Railway and the Western Railway, Construction of Foot Over
Bridges, Skywalks and elevated booking offices at many railway stations for the Mumbai
Railway Vikas Corporation Ltd, Construction of new platforms for the Western Railway,
Construction of new Station Buildings for the Western Railway and have also done repairs
to the approach roads for the Western Railway. We are also undertaking reconstruction of
Roads / Widening and construction of Pedestrian cum Vehicular Subways for the Municipal
Corporation of Greater Mumbai and the Mumbai Metropolitan Region Development Authority.
Our company is operating in the Infrastructure sector which is a key driver for the
Indian economy. The sector is highly responsible for propelling Indias overall
development and enjoys intense focus from Government for initiating policies that would
ensure time -bound creation of world class infrastructure in the country. Infrastructure
sector includes power, bridges, dams, roads and urban infrastructure development. In 2016,
India jumped 19 places in World Banks Logistics Performance Index (LPI) 2016, to rank
35th amongst 160 countries.
The infrastructure sector has become a focus area of the Government of India. Under Uni
on Budget 2018-19, US$ 92.22 billion was allocated to the sector. In January 2018, the
National
Investment and Infrastructure Fund (NUF) partnered with UAE-based DP World to create a
platform that mobilises investments worth US$ 3 billion into ports, terminals,
transportation, and logistics businesses in India. The Government is also working on
improving energy infrastructure in the country and investment opportunities worth US$ 300
billion will be available in the sector in the coming 10 years.
There were several market opportunities especially in the field of transportation
related infrastructure development. In the last few years, corporate India has been
grappling with issues related to loan defaults and its effects on the availability of bank
credit. T he crisis in the banking and uncertainties associated with periodic regulatory
changes have adversely affected investment related decision-making and the flow of credit.
This has had a particularly adverse effect on the infrastructure development and
construction industry, where typically investments are over a longer term.
Massive build-up of stalled and delayed projects in the country has played a
significant role in severely damaging the financial viability of infrastructure developers
and engineering an d construction companies. Enterprises that had spent sizeable working
capital to mobilize labour and deploy expensive plant and machinery at various project
sites were faced with stalling and inordinate delays — which led to huge cost
over-runs and consequential financial strains. All major E&C companies in the
infrastructure sector have suffered from massive receivables on their balance sheets,
inadequate cash inflows to support their operations while making good the escalating
interest payments on large working capital exposures. As one of the leading players in the
Indian construction industry, ABESTFRA has been exposed to the vagaries of the external
business environment faced by the industry in India.
Below are the key projects of the Company during the year include:
Ongoing projects:
DFCCI [Dedicated Freight Corridor Corporation of India Ltd]
[Project Cost: 27.50 Crore LOA Dated 13-01-2017]
• Construction of 03 Nos ROB excluding approaches in lieu of level crossing for LC
No. 55 at ER Chainage 110/14-16, LC No. 60 at ER Chainage 131/1-3 and LG No. 64 at ER
chainage 139/20-22 between Vaitama and Bhilad Station of Virar -Surat section of Mumbai
Division of Western Railway.
• Construction of RCC abutments and piers, for Composite girders RCC/PSC girder as
per ERC loading, including pile foundations/ open foundation as per GAD/Design.
Fabrication of composite plate girders/ Bow string girders /Open Web girders (skew up to
450) of around 18m, 22m, 24m, 30m, 36m, 48m and 62m etc. clear span including erection
with traffic power block as per GAD.
• This Worlds already Been Completed by?/89
MCGM [Municipal Corporation of Greater Mumbai]
[Project Cost: 80.67 Crore LOA 28.03.2018 WO Dated 19.04.2018]
• Construction of ROB at Vidyavihar Railway Station connecting LBS Marg to RC Marg
in ?N Ward.
• Work consists of Construction of ROB across Vidyavihar Station connecting LBS
marg and RC. Margo Length of bridge will be 450.00 m including solid approach. Width of
bridge will be varies as per stretches. The work has to be carried out in stages without
disrupting the railway services.
• Construction of bridge is proposed with steel girder and deck slab resting on
POT PTFE and Elastomeric bearing supported by pier. Substructure will rest on the fou
ndation of piles and pile cap. Flyover consist of 4 number of Pile caps of 4 -Pile group,
2 number of Pile caps of 6-Pile group, 4 number of pile cap of 10 pile group and 2 number
of Pile caps of 12-Pile group. Span arrangement is 4 no. of20 m span. Flyover consist of 1
no. of 99.0 m span is proposed with cast in situ and steel girder resting on POT -PTFE
bearing supported by pier.
• This Work is already Been Completed by 40%
MRVC [Mumbai Metropolitan Region Development Authority ] [Project Cost: 44.03 Crore
LOA Dated 28.03.2018 ]
• Central Railway-Construction of FOB On Station Between Chatrapati Shivaji
Terminus Kalyan On Central Line & Chatrapati Shivaji Terminus-Panvcl On Harbour Line
Section.
• This Work is already Been Completed by 42%
DFCCI [Dedicated Freight Corridor Corporation of India Ltd]
[Project Cost: 25.31 Crore LOA Dated 15-06-2017\
• 02 ROBs (excluding approaches) in lieu of level crossings for LC No. 46A at IR
chainage 90/10-11 and LC No. 61 at IR Chainage 134/16-18 between Vaitama and Bhilad
stations of Virar-Surat section of Mumbai division of Western Railway
• Construction of RCC abutments and piers, for Composite girders RCC/PSC girder as
per IRC loading, including pile foundations/ open foundation as per GAD/Design,
Construction of Approximate 12m/20m etc. wide RCC deck slab on plate girders (composite)
RCC/PSC girder and 7.5m/ 15m etc. width on approaches as per approved GADs.
• This Work is already Been Completed by 49 %
MMRDA [Mumbai Metropolitan Region Development Authority]
[Project Cost: ‘ 26.00 Crore LOA Dated 22/1212016]
• widening and construction of kurar village pedestrians cum vehicular subway,
Dindoshi, malad on western express highway, Mumbai.
i) Length of solid approach on Bandra side 72.7m
ii) Length of solid approach on Borivali side 64.7m.
iii) Length of viaduct: 30m (15m +15m spans).
• This Work is already Been Completed by 96%
MCGM [Municipal Corporation of Greater Mumbai]
[Project Cost: 5.57 Crore WO Dated 14.03.2018]
• Demolition and Reconstruction of bridge over Boundary Nalla at L.B.S Marg near
octroi , Naka Mulund (W) in "T" ward.
• Dismantling of existing Nalla Bridge on East side , New span arrangement will be
as per GAD on East side, Proposed foundations will be designed by Pile foundation for East
side , New piers as per design will be constructed, on pile foundations as per GAD
provided on East side , East side Deck slab will be rest on Steel Girders as per GAD,
Divert the existing water line to east side deck ,Dismantling of existing Nalla Bridge on
West side , New span arrangement will be as per GAD on west side, Proposed foundations
will be designed by Pile foundation for West side, New piers as per design will be
constructed, on pile foundations as per GAD provided on west side , West side Deck slab
will be rest on Steel Girders as per GAD , Divert the water line from east side deck to
west side deck.
• This Work is already Been Completed by 75%
GHMC [Greater Hyderabad Municipal Corporation]
[Project Cost: 37.83 Crore LOA Dated 30.01.2020]
• Construction of 16 foot-over bridges and 04 skyways at Khairthabad &
Secunderabad Zone (Package-Ill).
• Skywalk with a clear internal width of minimum 2.65 meters and Clear Height of
2.50 MTS.
• Vertical clear height of Five and Half (05.50) meter from Finished Surface Level
(FSL) of the Road to the bottom of Skywalk.
• Staircase of either side of FOB - Raise of each flight of stairs shall be a max.
of 0.15mts and min tread of 0.30mts with at least one mid-landing for every 10-12 steps
• This Work is already Been Completed by 28%
NCR [North Central Railway]:
[Project Cost: Rs 29.30 Crore LOA Dated 20.10.2017]
• Construction of sky walks connecting existing/new FOBs reconstruction of
Platform shelter and extension of PF shelters on various platforms of Allahabad -station,
in connection with Allahabad- Development of city side circulating area in view of future
Kumbh Ardh Kumbh Melas.
• True and proper setting out and layout of the works, bench marks and provision
of all necessary labour, instruments and appliances in connection therewith as specified
or as directed , Earthwork in filling, injecting chemical emulsion for pre-constructional
antitermite treatment, Building structural works , Development of road etc. including
sub-grading, grading, laying courses of water bound macadam, bituminous road toppings etc
,Flooring work: CC flooring providing and fixing vinyle tyle flooring, acid proof tiles
etc., Supplying and providing door and windows as per approved drawings, Supplying and
laying of MS conduit pipe, MS boxes and Junction boxes etc , Providing and fixing channel
gates (collapsible).
• This Work is already Been Completed by 28%
MCGM [Municipal Corporation of Greater Mumbai]
[Project Cost: 50.64 Crore WO 10.08.2017]
• Reconstruction of camac bridge at Lokmanya Tilak Marg, Masjid Bander in A &
B.
• The fabrication and erection/launching of the steel work consist of
accomplishing all jobs herein enumerated including providing all labour, tools, tackle and
plant, machinery, all materials and consumables such as welding electrodes, bolts and
nuts, oxygen and acetylene gases, oils for cleaning etc of approved quality.
• The work shall be executed by an approved specialist agency experienced in the
work and according to the drawings and specifications.
• This Work is Not Started.
HMD A- [Hyderabad Metropolitan Development Authority]
[Project Cost: ? 32.97 Crore LOA Dated 11-02-2021]
• SKYWALK at Rythu Bazar, Mehdipatnam is a project developed by Hyderabad
Metropolitan Development Authority to improve pedestrian movement at busiest junction of
Hyderabad.
• This project includes elevated pedestrian corridor, Lifts and 2 years
comprehensive O&M.
• Overall 380m length and 3.6m wide of Pedestrian sky walk is proposed which are
planned to interconnect multiple places.
• Steel Grills of height 2.5m are proposed on the either sides of walk way for
good ventilation.
• 12mm thick toughened Glass panes are proposed on the top of the walk way for
clear vision.
• Commercial Complex is proposed with Bus Bay on the ground and Commercial space
on the top floor.
• This Work is already Been Completed by 5%
New Projects Awarded
Maharashtra Rail Infrastructure Development Corporation Limited
[Project Cost: ? 45.02 Crore LOA Dated 05-07-20211
• Sewri Cotton Green-Sewri Mumbai 4 Lane 1 No Span of 52.221 M & 1 Span of
38.738 M
• Prabhadevi/Elphinstone Worli- Prabhadevi Mumbai 4 Lane (Two Tier) 1 No Span of
95.000 M & 1 Span of 37.200 M.
• Demolition/De-launching of existing ROB/FOB/bridge structures as per Railway
procedure with all safety procedures, precautions Demolition/De-launching of existing
Ticket Counter & Stairs and rebuilding the same as per drawings provided by MRIDC.
• Construction of RCC piers/Abutment, for Composite girders/Bow String Girder/Open
Web Girder, RCC/PSC girders as per ERC loading/ NHAI loading etc. including pile
foundations/ open foundation as per GAD/Detail design to be provided by MRIDC (Within
Railway Boundary)
• This Work is already Been Completed by 3%
Opportunities
Indias construction industry is an important growth driver of Indias economy, thus it
is one of the integral industries in India.
The government has allocated Rs 20,000 Crore to set up and capitalise a Development
Financial Institution (DFI) — to act as a provider, enabler and catalyst for
infrastructure financing and a Rs 5 Lakh crore lending portfolio will be created under the
proposed DFI in three years. The Budget has allocated Rs 1,18,101 Crore, the highest ever
outlay, for Ministry of Road Transport and Highways, of which Rs 1,08,230 Crore is for
capital expenditure. Under the Bharatmala Pariyojana, with an estimated investment of Rs
5.35 lakh crore, already 13,000 km of roads worth Rs 3.3 lakh crore have been awarded for
construction. A large amount of money has been earmarked for ongoing and new economic
corridors/expressways, and Rs 1,10,055 crore have been allocated to the Railways, of which
Rs 1,07,100 crore is for capital expenditure with a promise to complete 100%
electrification of broad gauge routes by December 2023.
The Budget has given much-needed impetus to infrastructure development which could
reduce trade and transaction costs and improve factor productivity. Moreover, the focus on
roads and railways will create a unified market in India for seamless movement of goods
and human resources.
Business Strength and Strategies:
• The Company has developed strong credentials for undertaking projects of various
sizes in all the areas of its business operations.
• With its deep expertise and knowledge, the Company is able to compete in
challenging and complex projects.
• ABINFRA Projects has a strong clientele ranging from government to private
entities. The business provides civil construction.
• Customer satisfaction is important for the Company and the same is mapped for
needful improvement on a continual basis.
• The Company has accumulated human capital, establishing a committed and
competent team.
• Continuous focus on building professional and skilled employees, enabled the
Company to create an efficient and extremely valuable workforce.
• The Company is committed to the welfare of its workmen, providing upskilling,
multiskilling and other training to the workmen, besides enhancing the living conditions
at the project sites - in order to attract and retain skilled workmen.
• Subcontractor satisfaction is crucial for the Company and the same is mapped for
needful improvement on a continual basis.
• The Company has acquired fixed assets and equipment required for executing all
kinds of works, in all the areas of its business operations.
• Continuous improvement is focused upon increasing productivity, enhancing
utilisation, reducing wastage and minimising cycle times / turnaround times.
• With best in class technology including in respect of digitization and
mechanization, the Company is poised to undertake and complete projects on time.
• The Company has focused on a cashflow driven growth strategy towards business
sustainability in these challenging times.
FINANCIAL CONDITION:
Turnover:
The Company has turnover of ? 6431.57 Lakh in 2021-2022 as against ?6178.37 Lakh of the
previous year.
Employee Benefit Expenses:
Employees emolument (including managerial remuneration) is ^232.79 Lakh during the F.Y
2021-22 as against ^174.92 Lakh during the previous year.
Administrative and General Expenses:
Major components of administrative and general expenses includes Legal and Professional
expenses, repair & maintenance, Auditors Remuneration, Rent, insurance premium, Sundry
Exp., Bad Debts written off, etc. Administrative and Selling expenses for the year
amounted to ?208.82 Lakh during the F.Y 2021-22 as against ? 136.87 Lakh during the
previous year.
Finance Cost:
Interest and finance charges/ bank charges & commission during the year come to
?393.84 Lakh during the F.Y 2021-22 as against ^363.94 Lakh during the previous year.
Depreciation:
Depreciation charge for the current year came to ? 81.75 Lakh during the F.Y 2021-22 as
against Rs 26.00 Lakh of the previous year.
Provision for Tax:
The Company has made provision towards Income tax of ? 17.66 Lakh for the financial
year
2021-22.
Profit/Loss after Tax:
The Company has made a profit of ^86.44 Lakh as against the loss during previous year
of ?222.87 Lakh. The Directors are hopeful for the better performance in the future.
Earnings per Share:
Basic and diluted earnings per share for the current year worked out to ^0.68 as
against ^ (1.76) during the previous year.
Non-Current Liabilities:
The Companys Non Current Liabilities aggregating to ^639.19 Lakh which comprises of
Term Loan (Secured) as at March 31, 2022 as against Non-current Liabilities of previous
year of ^97.87 lakh which includes Term Loan (Secured) of 93.81 Lakh and provision for
gratuity of ^4.06 Lakh as at March 31 2021.
Current Liabilities:
Companys Current Liabilities including Borrowings, ^2287.27 Lakh, Trade payables of
^2958.11 Lakh, Other financial liabilities ^903.69 Lakh, Other Current Liabilities of
^717.64 Lakh, current tax liabilities ? 17.66 Lakh and provisions ?7.60 Lakh aggregating
to ^6891.98Lakhas at March 31,2022 against ?8561.58 Lakh of the previous year.
Fixed Assets:
Net block of the Fixed assets (including plant & machineries, furniture &
fixtures, Office equipments, vehicles, computers) at the end of the year is ^223.98 Lakh
has against 7106.42 Lakh in the previous year.
Current Assets:
During the year, the Company has current assets of 79729.01 Lakh as against 710776.07
Lakh of the previous year.
Risk Management
1. Availability and price of raw materials
Possible Risk:
Reinforcement Steel, Readymade Concrete, Steel, Pipe and Pipe Fittings and Cement axe
some of the raw materials required by the Company. Its price and availability may be
affected due to a gap in supply and demand, intense competition and changes in production
level. Price fluctuations and inability to procure produc ts on time might impact the
brand value and profitability of the Company.
Risk Mitigation Plan:
The Company maintains healthy and mutually beneficial relationships with its suppliers,
leading to uninterrupted supply of quality raw materials. Further, in m any instances it
also enters into contracts with clients to fix the base price of raw materials. It also
enters into contracts in a number of cases where the terms include a general escalation
clause based on the wholesale price index of materials, wherein the risk of fluctuating
input costs is passed on to the Client. Nevertheless, seasonal variations in prices of raw
materials are unavoidable and are factored accordingly in the cost estimates.
Impact: High
2. Changes in the competitive landscape
Possible Risk:
The construction industry is prone to competition from new as well as existing players.
Intense competition may lead to pricing pressure, impacting the profitability and growth
of the Company.
Risk Mitigation Plan:
The Company is mindful of emerging competitors in smaller sized projects and the
prequalification limitations in larger sized projects. In order to remain competitive and
secure projects without foregoing profitability, the Company is committed to improving
productivity, reducing wastage, optimization of cost etc. internally. Furthermore, the
Company is committed to a robust customer relationship management practice, with focus on
repeat orders from private sector and its entry into new business domains in public
sector.
Impact: High
3. Business disruption and uncertainty due to COVID-19 Possible Risk:
Operations of the Company could be impacted due to the recent Corona virus pandemic
causing major disruptions to the supply chain and resulting in low customer demands. It
may lead to declining growth and profitability.
Risk Mitigation Plan:
Contingency plans, for such an unprecedented situation were developed and reviewed
according to changing circumstances. The Senior Management as well as operational teams
continued to monitor the situation to offer timely support and information. Continuous
engagement with stakeholders, including customers, bankers and vendors, also enabled the
Company to convey the status of operations, to allay concerns and restore trust and
confidence in the Companys strategies. Some steps taken by the company to mitigate this
risk:
• Prudent cash management and efficient working capital management with sharp
focus on collections and payments
• Cost reduction measures
• Remobilization of the work force
• Exploring opportunities in countries and geographies that are less impacted by
Covid
• Mechanization and digital advancement initiatives to improve productivity and
lower operational cost
Impact: High
Internal Control System and Their Adequacy
The Company has an adequate system of internal control to ensure that the resources of
the Company are used efficiently and effectively; that all assets are safeguarded and
protected against loss from unauthorised use or disposition; that all significant t
ransactions are authorized, recorded and reported correctly; that financial and other data
are reliable for preparing financial information; and that other data are appropriate for
maintaining accountability of assets. The internal control is supplemented by extensive
programme of internal audits, review by management documented policies, guidelines and
procedures.
Human Resource Development
The Company continuously focuses on aligning organizational objectives with the efforts
facilitated by an effective organization structure. New talents are hired at the
leadership as well as operating levels, costs are optimized and improved and automated
methods for achieving better controls and efficiency at the project sites were deployed.
The manpower numbers were contained to the actual requirement of the projects linked to
work progress. The Company has comprehensive safety plans in place for all workers and
clear protocols to follow in the event of injuries.
During the pandemic, the Companys priority was to safeguard the health and well-being
of its employees. The Company established protocols including working from home wherever
possible, wearing of face masks at workplace all the time, maintaining social distancing
and workplace sanitization, thermal screening before entering work space etc in accordance
with the post Covid-19 guidelines issued by relevant authorities in the geographies in
which we operate.
Future Outlook
The Covid-19 pandemic severely impacted the Indian economy. Owing to countrywide
lockdowns, economic activity came to a halt and along with other sectors, construction too
was hit hard. However, a sharp recovery is expected in the days ahead, despite challenges,
due to the constantly growing opportunities in this sector.
• Infrastructural spending: Infrastructure is one of the major contributors of
economic development. The Government of India has increased infrastructural spending in
the past few years and investment in this segment is likely to increase. This is
anticipated to directly complement growth of the construction sector.
• Technological Advancements: Advanced technology has improved supervision and
maintenance of ongoing projects. Constant innovations and state of the art technology is
expected to further benefit the industry in future.
India has one of the largest rail networks in the world with 7,321 railway stations
across different cities. Kolkatas Howrah Junction, Mumbais Chhatrapati Shivaji Terminus
and Uttar Pradeshs Charbagh Railway station are among the oldest railway st ations in
India. At present, Indian Railways is working on the redevelopment of 123 railway
stations, to include world class amenities that will enhance passenger experience
significantly. In FY20-21, work has been awarded for stations like Delhi, Mumbai, Nagpur
Amritsar, Dehradun, Nellore, Tirupati and Puducherry.
Cautionary Statement
Statement made in the Management Discussion and Analysis Report describing the
Companys objectives, projections, estimates, expectations may be "Forward -looking
statements" within the meaning of applicable securities laws and regulations. Actual
results may differ materially from those expressed in the statement. Important factors
that could influence the Companys operations include stiff competition leading to
price-cuts, high volatility in prices of major inputs such as steel, cement, building
materials petroleum products, change in government regulations, tax laws economic
developments within the country and other factors such as litigation and industrial
relations.
| By Order of Board of Directors |
| For A B INFRABUILD LIMITED |
| Amit Mishra |
| Chairman & Managing Director |
| DIN: 03388129 |
| Date: September 03,2022 |
| Place: Mumbai |
+91-9892691696
