Strong project management and execution capabilities
Growing Order Book with Central Government and Multilateral Institution-Funded Projects.
Strong and consistent financial performance.
Asset Light Model.
Experience Promoters, Directors, and Management Team.
Our revenue is majorly concentrated from projects undertaken or awarded by government utilities.
Any adverse changes in the government policies may lead to our contracts being foreclosed,
terminated, restructured or renegotiated, which may have a material effect on our business and results
of operations.
Our present orderbook consist large-scale projects. Any delay or impediment to such projects may
have adverse impact on our financial position.
We enter into related party transactions in the ordinary course of our business and we cannot assure
you that such transactions will not adversely affect our business, results of operations, profitability
and margins, cash flows and financial condition.
Our credit rating was downgraded during the Fiscal 2022.
Our ability to access capital at attractive costs depends on our credit ratings. Non-availability of credit
ratings or a poor rating may restrict our access to capital and thereby adversely affect our business
and results of operations. In past, we have been classified as "Issue not Cooperating" by certain credit
rating agencies due to non-renewal of mandate of such agencies.
EPC Power projects are typically awarded to us on satisfaction of prescribed qualification criteria and
following a competitive bidding process. Our business and our financial condition may be adversely
affected if new EPC power projects are not awarded to us or if contracts awarded to us are prematurely
terminated.
We may not be able to adequately protect our intellectual property, which could harm the value of our
brand and services.
Our ongoing projects are exposed to various implementation risks and uncertainties and may be
delayed, modified or cancelled for reasons beyond our control and in the last three financial years and
the stub period, we have experienced delays in completion of most of our projects.
We have sustained negative cash flows from operating activities in the past and may experience
earnings declines or operating losses or negative cash flows from operating activities in the future.
Our business is subject to seasonal variations and we may not able to accurately forecast our project
schedule which could have an adverse effect on our cash flows, business, results of operations and
financial condition.
