Over three decades of experience in turnkey engineering projects and technical, quality and safety credentials
enabling us to meet tender pre-qualification criteria and undertake a wide range of projects.
Ability to execute multidisciplinary turnkey engineering projects under single-point responsibility, synergistic
with our equipment supply and post-installation support verticals.
Diversified and strong order book across business verticals.
In-house workshop enabling light fabrication activities and inventory for spare parts for the services offered
by the Company.
Long-standing relationship with Original Equipment Manufacturers.
Experienced Promoters and senior management team with a committed employee base.
We derive a substantial portion of our revenue from a single customer and a limited number of other key
customers, and any loss of, or reduction in business from, such customers, any reduction in their capital
expenditure, changes in government policies, or our inability to secure new contracts, may materially and
adversely affect our business, financial condition, results of operations and cash flows.
A significant portion of our business is generated through competitive bidding and tender processes from
government undertakings, and our inability to successfully qualify for or secure contracts may adversely
affect our business, results of operations and financial conditions.
Delays in execution of our projects, failure to meet standards prescribed in contracts, complete projects
within stipulated timelines, or adverse developments in our contractual arrangements, particularly with
government undertakings, could expose us to liquidated damages, invocation of bank guarantees furnished
by us for substantial amounts, termination of contracts and loss of future business, and may adversely affect
our liquidity, working capital requirements, business, results of operations and financial condition.
We derive the majority of our revenue from our projects carried out in oil & gas industry. Any downturn in
the industry/sector would create an adverse impact on our results of operations, financial condition and
business prospects.
We derive a majority of our revenue from operations from our turnkey engineering projects vertical, and
any adverse developments affecting this vertical could have a disproportionate adverse effect on our
business, results of operations and financial condition.
We have Order Book of Rs.2,172.42 million as on June 30, 2026. However, our Order Book may not be
representative of our future results, as projects/Orders included in our order book may be delayed,
truncated, modified, or cancelled, and notice of awards may be withdrawn or may not translate into
confirmed orders, which may have an adverse effect on our business, results of operations and financial
conditions.
Our operations involve execution of multidisciplinary engineering projects that are inherently hazardous
and expose us to significant operational, environmental, health and safety risks.
We do not own any vessels and are dependent on our customers for the provision of vessels, marine assets,
equipment and related logistics support critical to our project execution, and any delay in availability, non availability or disruption thereto may adversely affect our business, results of operations and financial
conditions.
Our business is dependent on our ability to attract, recruit and retain technically qualified and skilled
personnel which is critical to our business, and any inability to do so, or any loss of such technical
personnel, could adversely affect our business, results of operations and ability to execute our projects.
Our operations, particularly our activities in the high seas, are adversely affected during the monsoon
season, resulting in the postponement or prolongation of our project execution cycles, and any prolonged
or unusually severe monsoon may adversely affect our business, results of operations and financial
condition.
