Manish Ravilal Patel, MD, Generic Engineering Construction and Projects, on the company’s order book spilling over.
The EPC sector has become exceedingly competitive in the past decade. It has witnessed the emergence of professionally-run companies that bring in international expertise and workmanship to real estate and infrastructure projects.
BSE-listed civil contracting company Generic Engineering Construction and Projects (GECP) Ltd has been in the EPC, design build, project management and contracting business for the past five decades, with a track record of over 200 projects. With its order book spilling over in the recent past, it has gained the unique position of being first among equals.
Manish Ravilal Patel, MD, Generic Engineering Construction and Projects, says the company’s 1Q FY18 results are in line with growth expectations. The company was able to withstand demonetisation with a spectacular revenue growth, and the operational margins improved and interest cost reduced.
“We expect to improve our margins by adding design-and-build and giving other value-added services. We expect RERA to have a positive impact on the real estate industry in terms of operations, cash flows and transparency. The government’s push for affordable housing and smart city projects will offer ample high-growth opportunities to the company,” said Patel, who has more than 20 years of expertise in the field of construction and engineering.
GECP’s order book is currently loaded with projects worth more than Rs 418 crore mainly in residential construction. The recent note-worthy projects are: Rs 82 crore Allure residential project and Rs 14.7 crore JKC cold storage project. The company is executing a Reliance Hospitals (Kokilaben Ambani Trust) project worth Rs 87 crore in addition to another residential project worth Rs 64.2 crore.
Source : LINK