Dolat Capital: PNC Infratech - Annual Report Analysis FY20 - Progress, Prudence, Perseverance

Dolat Capital Report

The annual report highlights how PNC Infratech Ltd.’s business model and strategies helped the company progress over the years.

The integrated business model of owning equipment bank ensures quick mobilization and continuous availability of equipment leading to timely completion of projects.

Owning quarries helps securing raw materials within scheduled time.

In house design and engineering controls the entire process from conceptualization to commissioning and lastly in house construction ensures timely completion of projects and reduce reliance on third parties and lowering costs.

Management Discussion and Analysis - The rate of construction of national highways has more than doubled from 12 kilo meter/day to 30 kilo meter/ day since FY2015.

The increase in the average daily construction rate of national highways can be attributed to the introduction of comparatively de-risked models (for the private sector) such as engineering procurement construction and hybrid annuity model, besides policy reforms such as the Right to Fair Compensation and Transparency in Land Acquisition, Rehabilitation and Resettlement Act, and for facilitating timely land acquisition, amongst others.

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