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We hosted the senior management of unlisted company DR Agrawal Infracon Pvt Ltd. to get a status update on the construction sector and get insights into the company’s business plans and growth strategy.
DR Agrawal Infracon is a diversified engineering, procurement and construction company with presence in highways, bridges, railways, buildings, airports etc.
The company registered revenue/profit after tax of Rs 38.6 billion/Rs 2.3 billion in FY22 and had a robust order backlog of Rs 163 billion as on March-22 (4.2 times FY22 revenues).
DR Agrawal Infracon indicated that competitive intensity has normalised to some extent led by re-instatement of EMD and other measures to tighten qualification norms. However, as such competition is here to stay and incumbent players will have to re-orient themselves towards technologically complex areas to remain relevant.
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