Year 2010 saw the Indian economy rebound robustly from the global financial crisis - in large part because of strong domestic demand and as a result, growth exceeded 8% year-on-year in real terms. The strong level of economic growth achieved in India in recent years has led to an expansion of industry, commerce and per-capita income. This in turn has fuelled demand for infrastructure services including energy, transportation, telecom, water supply and other urban infrastructure.

 

The Indian construction industry plays a pivotal part in the national economic growth. It has witnessed rapid growth over the last few years, clearly indicating the benefit of securing “industry” status. The Construction Sector is strongly linked to the overall growth and development of the economy. The industry is the second largest employer after agriculture in the country. The investment in the Construction Sector accounts for nearly 11 percent of India’s Gross Domestic Product (GDP) and nearly 50 percent of its Gross Fixed Capital Formation (GFCF).

 

 

Our primary focus is on continuous improvement and consolidation of our position in the construction and infrastructure development & maintenance space. We intend to concentrate on projects where we believe there is high growth potential and where we enjoy competitive advantage. We believe that our expertise and experience in development, operation and maintenance of road infrastructure projects will provide us with an advantage in pursuing growth opportunities in this fast-growing sector. 

 

The following numbers reflect the Company’s performance during 2010-2011:

Our focus area continues to be the execution of civil engineering projects with specialisation in construction and maintenance of roads and highways.

 

 

The Eleventh Plan emphasised the importance of investment in infrastructure for achieving a sustainable and inclusive growth of 9 to 10 per cent in GDP over the next decade. The Eleventh Five Year Plan places high priority to the expeditious completion of works approved under the different phases of the NHDP. MBL is poised to reap these opportunities. We intend to consolidate our position in roads & highways and industrial infrastructure projects and foray into urban infrastructure, airports, runways, railways, power, SEZs and mining projects among others.

 

 

Yours sincerely,