FROM CMD’S DESK
Way back in 1987 when we formed IVRCL, the infrastructure industry in India was in its infancy. We were clear in our minds then, that we did not intend to build just another infrastructure company. We wanted to be different. The ‘also ran’ tag was certainly not for us. Looking back, I can say, at the risk of sounding immodest, that we not only dreamed big, we dreamed to be different.
We soon built qualifications to bid for water related projects and established ourselves in the water segment. We did realize that transporting water either by canals or through underground pipelines was our calling. We challenged ourselves into the water-related arenas and pretty soon opportunities presented themselves - and we grabbed them with both hands!
We went on to build canals, reservoirs and moved on to buildings, industrial structures, bridges, flyovers, highways, roads, power transmission, railways, real estate, water treatment plants and even set-up our own sea water desalination plant. Our forays continue as we get into oil & gas, mining LSTK, FEED capabilities and SCADA Systems.
In Sri Lanka, 4100 dwellings are under construction. With a Hydro-electric station in Nepal, which is a run-of-the-river scheme with a 6 kms long headrace tunnel and a surface power house and with notable breakthroughs in the Middle East and Africa, we have now embarked on a global presence.
The central as well as various state governments have been our major clients, entrusting mega projects to IVRCL which contribute to India’s infrastructure. Apart from contributing to the national development of the country, what fills us with pride is the satisfaction that we could make a difference in the lives of our fellow countrymen.
IVRCL’s ample management skills were on display in the successful acquisition, assimilation and turnaround of Hindustan Dorr-Oliver, a leading Engineering, Procurement and Construction Company (EPC).
DavyMarkham, a subsidiary of HDO, specialises in the design, manufacture, fabrication and machining of heavy and complex engineering components and assemblies for mining applications. The vast workshops, of 1,75,000 sft of manufacturing area in a 20 acre site situated in the industrial heart of Sheffield, UK, offer facilities that are unique in Western Europe, in terms of capacity and capabilities.
All these companies are an integral part of the Group’s overall strategy and we are sure they will see us emerge as a dominant force in the specialized engineering.
We are indeed proud of our subsidiary companies, Hindustan Dorr-Oliver and DavyMarkham.
The company has indeed grown impressively and is now a global player of formidable repute. The company handles large turnkey projects, utilizing its expertise in hydraulics, controls, engineering, heavy engineering components for mining projects, installation and servicing, and has the capability of moving individual structures weighing up to 350 tonne.
To appreciate our employees’ contribution and ensure they share in our success, IVRCL is the first infrastructure company to offer ESOPs – over 3 million shares have been distributed. We enjoy the trust of nearly one lakh shareholders and we have acquired HDO and DavyMarkham in the last few years and do plan for more acquisitions in due course of time.
Confident of our competitive advantage, strong project management skills, excellent pre-qualification credentials, integrated execution capabilities and high-quality human resources, we will continue to lead the way. But more than business success and growth, what we truly welcome is the opportunity to improve the human condition. We continue to measure success not by the figures we reach, but by the lives we touch.
As India boldly moves forward to chart out its economic destiny, IVRCL is committed to being a partner in progress. As always arousing hope and confidence by blazing new trails and living up to our promise of ENGI-VISIONING A NEW WORLD!!