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Everest Industries, a building solutions provider, has bagged major orders from Britannia Industries, General Motors India, Bharti Walmart, Carrefour, Whirlpool India and Vodafone Essar South, for the construction of their facilities in various States.
Mr Manish Sanghi, Managing Director, Everest Industries, said the company has achieved an order book of Rs 170 crore, adding about Rs 70-80 crore in the last seven months, despite the general economic downturn.
“In fact, we are almost booked to our capacity in pre-engineered building space and may plan to expand our capacity to undertake more orders,” he added.
Everest pre-engineered buildings are custom-designed and factory-built. These can be erected in half the time with minimal on-site work. The project reduces uncertainty in schedules and accelerates project completion by almost six months.
Besides having low maintenance costs, versatile use and ease of expansion are reasons why pre-engineered buildings are the preferred method of construction in most developed nations for decades, said Mr Sanghi.
The company recently completed pre-engineered steel constructions for BP Ergo, RPG Raychem, Honda Siel Cars, Vodafone, MJ Logistics, Priya Gold, SR Industries, Youngman Synthetics, Walmart, PG Electroplast and Koptertek. Everest has a conversion capacity of 40,000 tonnes per annum in the pre-engineered building space.
Projects undertaken
In last two years, Everest has undertaken more than 500 projects in 25 States covering more than 30 million sq ft of built-up area. The projects include a canteen of 10,000 sq ft to a gigantic factory of over 300,000 sq ft.
Highlighting the scope for expansion, Mr Mehta said only 27 per cent of industrial and institutional buildings at present use pre-engineered structure, while in the US it is over 70 per cent.
With Everest's expertise of over 75 years in the construction business, Mr Mehta said it can install a factory building in only 33 per cent of the time taken to construct a conventional building.
The rising cement and steel prices has posed a major challenge for the company. The increases in raw material cost are not a pass through since the projects are executed in short span.
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