Business Model

Creating Sustainable Value

At the heart of our business strategy lies the commitment to create and deliver sustained value for all stakeholders. We strive to enhance value across all relevant capitals of our business, ensuring that each stakeholder derives meaningful benefits from our initiatives.

Key revenue & income streams

EPC projects delivered through various contractual modalities including LSTK, Item Rate, Cost-Plus, Open Book, GMP arrangements

Key Customers

Govt Agencies - MMRDA, CMRL, NTPC, NPCIL, IOCL; Tata Group; Private companies like JSW, Micron, Amazon, and DLF
We are strategically shifting away from government entities towards Private Enterprises including Tata Group Companies.

Revenue Drivers

New Project acquisition
Timeliness in execution / cost consumption
Timely EoT and claims

Profitability Drivers

Value Enhancement & Optimisation
Operational Excellence with focus on Safety, Quality, Cost, and Delivery
Efficient Procurement Practices
Technology Adoption
Shift in customer focus from L1 seeking government entities to private companies
Risk & Opportunity Management

INPUTS

Financial Capital

	FY2024	FY2023
Current Assets (` in Cr)	18,770	18,360
Standalone Order Backlog (` in Cr)	36,000+	40,000+
Net Worth (` in Cr)	2,893	2,801
Net Block of Assets (` in Cr)	782	759
Borrowings (` in Cr)	5,101	3,369

Manufactured Capital

Galvanising Capacity (in KTA)	48	-
Tower Manufacturing Capacity (in KTA)	36	-
Structural Steel Fabrication Facility (in KTA)	12	-

Human Capital

No. of On-roll Employees	6,347 (total number of employees) 5,012 (participated in training)	5,768 (total number of employees) 3,737 (participated in training)
Investment in Training and Development (` in Cr)	2.47	1.90
No. of Workhours of Training	1,71,867 (27 hours per employee)	1,12,165

Social & Relationship Capital

Total CSR Spend (` in Cr)	5	6
No. of Suppliers (in Nos.)	68,030	61,789
No. of MSME Suppliers (in Nos.)	9,604	4,194

Intellectual Capital

Total Investment on Digital initiatives in project management (` in Cr)	2.5	-
Total Investment for Digital Transformation (SAP HXM, NEEV) (` in Cr)	~100	-
New Technology Tie-ups	11	-

Natural Capital

Renewable Energy Generated (in GJ)	4,255	5,068
Saplings Planted (in Nos.)	63,233	36,183
Water Consumption (in KL)	30,80,854	42,47,603

Outcomes

Financial Capital

	FY2024	FY2023
Profit After Tax (` in Cr)	139	(867)
Operating Cash Flow (` in Cr)	(1,448)	(1,413)

Manufactured Capital

Construction Projects Completed (till date)	200+	-
Material Supplied (till date) (in MT)	4,00,000+	-
Towers Supplied (till date) (in MT)	~4,00,000	-

Human Capital

Employees with Tenure of Over 10 Years (%)	12	15
No. of Whistle Blower Complaints Resolved	88	60
Lost Time Injury Frequency Rate (LTIFR) (Hours / Million)	0.122	0.126

Social & Relationship Capital

No. of Beneficiaries

26,465

34,764

Intellectual Capital

New Technologies	Artificial Intelligence powered cameras for construction analytics Construction drone Photography for progress monitoring	Consolidated cloud monitoring Centralised reporting solution Future-ready analytics capabilities
Innovative products launched	46	-

Natural Capital

Carbon Emissions Reduced (tCO2e)	934	1,112
Grid Energy Replaced (in GJ)	4,255	5,068
Discharged Water Reused and Recycled (In KL)	3,48,284	2,46,945
Water Saved (in KL)	86,477	67,662

Key Business Activities

Engineering

Procurement

Construction

Project Management

Fabrication

Assurance

O & M