Hindsight: Closing the year 2013-14 we expect a good growth in revenue compared to past years, since output has perhaps peaked in this year, because of executing many domestic and international projects.
Tag: India
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EPC: Exciting year ahead
Plans: Within our business verticals we are looking at increasing scope and scale, new addressable markets and new geographies. New business growth shall come from not just EPC business but through BOT, PPP and construction. Urban infrastructure wherein we have synergies with our industrial infrastructure (such as urban transport) are being ventured into. These new forays cumulatively shall drive growth in the next 3-5 years.
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EPC: Exciting year ahead
Plans: Within our business verticals we are looking at increasing scope and scale, new addressable markets and new geographies. New business growth shall come from not just EPC business but through BOT, PPP and construction. Urban infrastructure wherein we have synergies with our industrial infrastructure (such as urban transport) are being ventured into. These new forays cumulatively shall drive growth in the next 3-5 years.
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Oil and gas: Good policy foundation
Hindsight: This was a reasonably good year for O&G in general, in particular for India. The government has performed very well. For the first time, it took some concrete and bold steps, and ensured deregulation of transportation and petrol, distinguished bulk from retail transport. There is some disparity there, needing some practical solutions.
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Power: Satisfactory in parts
Hindsight: The electrical equipment industry, after experiencing a healthy growth since 2009-10, declined to -7.8 per cent in 2012-13.
However, the industry revived in the first half of current fiscal (H12014) and grew at 6 per cent mainly backed by rise in domestic demand.
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Steel: Bullish long term!
Hindsight: It has been a challenging year for Tata Steel as our expansion in capacity has coincided with a slowdown in steel-consuming sectors like automotive and construction. However, as we have opened up new market segments like SME and further leveraged our existing customer relationships and distribution network, we have grown at 10 to 12% over last year which is much better than the market.
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Reform agenda: Hoping for relief
Hindsight: The rising interest rate is a grave concern for infrastructure companies. The beleaguered funding situation have seen a number of projects already been put on hold in the planning stage itself.
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Setting quality and innovation benchmarks in plastic piping
Supreme is credited with pioneering several products in India. uPVC SWR drainage system, Aqua Gold high pressure plumbing system, Indo green PPR hot and cold water system, Eco-drain structured wall pipes and Nu-drain underground drainage and sewer system with ready-made inspection chambers and manhole are some of the path-breaking plastic piping products introduced by the company.
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Logistics and Warehousing: Reduce bottlenecks
Hindsight: 2013 has been a mixed year for the infrastructure sector which, on one hand, saw a slew of government initiatives:
Road regulator, facilitating faster completion of road projects, faster transportation, decreased fuel consumption, and encouraged development of access-controlled expressways
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Taking stock: Domino effect – Too late to stop?
Is the worst over for infrastructure? The fact that this question lingers is perhaps testimony to the uncertainty that prevails. Unrealistic bids, bureaucratic slowdown, social groundswell, coal scam, mining scam ... the list of factors that has created seemingly unstoppable negativity seems daunting. The government mainly the Prime Minister´s Office had to repeatedly intervene to address frustratingly sticky problems confronting the infrastructure sector.