While the company has a diversified geographical presence, its projects have historically been concentrated in the state of West Bengal and any changes affecting the policies, laws and regulations or the political and economic environment in the region may adversely impact its business, financial condition and results of operations.

The company source a large part of its new orders from its relationships with large engineering and construction companies, both present and past. Any failures to maintain its long-standing relationships with the company existing clients or forge similar relationships with new ones would have a material adverse effect on its business operations and profitability.

The company's business is working capital intensive. If its experience insufficient cash flows or are unable to access suitable financing to meet working capital requirements and loan repayment obligations, its business, financial condition and results of operations could be adversely affected.

The company's business is subject to seasonal variation and its may not able to accurately forecast the company project schedule which could have an adverse effect on its cash flows, business, results of operations and financial condition.

Its Order Book may not be representative of the company future results and its actual income may be significantly less than the estimates reflected in its Order Book, which could adversely affect the company's business, financial condition, results of operations and prospects.

The company rent certain process-critical equipment and mobilize such equipment at the beginning of each project resulting in increased fixed and operating costs to the Company. In the event the company is not able to generate adequate cash flows it may have a material adverse impact on its operation.

The company derives a significant portion of its revenues from a limited number of clients. The loss of any significant clients may have an adverse effect on its business, financial condition, results of operations, and prospects.

The company is dependent on limited number of suppliers and contractors for supply of key raw materials and manpower. The company has not made any long term supply arrangement with its suppliers. In an eventuality where the company suppliers and contractors are unable to deliver it the required resources in a time-bound manner it may have a material adverse effect on its business operations and profitability.

Quoting for a contract involves various management activities such as detailed project study and cost estimations. Inability to accurately estimate the cost may lead to a reduction in the expected rate of return and profitability estimates.

The company may be unable to adequately protect its intellectual property and may be subject to risks of infringement Claims.