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We believe that following are our principal competitive strengths:

Qualified and Experienced Management Team:

Our Company is managed by a team of professionals led by our Chairman & Managing Director – Dr. V.K. Sukumaran. Our Executive Directors and Key Managerial Team have requisite qualifications and significant industry experience and this has been instrumental in the consistent growth of our Company’s financial and operational performance. For further details regarding our executive directors and key managerial team refer the section “Our Management” beginning on page 128 of this Prospectus.

Multi Locational and Multi Sectoral Client Base:

Our customer base includes a diverse set of industries including Chemicals, Pharmaceuticals, Petrochemicals, Refineries, Power, Dairy, Oil & Gas Explorations, Synthetic Fiber, Sugar, Paper, etc. Also, we have experience of having executed projects in various locations including but not limited to Maharashtra, Gujarat, West Bengal, Karnataka, Punjab, Madhya Pradesh, and Tamil Nadu. We believe that having strong relations with various clients in diversified sectors and locations, reduces our dependence on certain clients or certain sectors or certain geographical locations and reduces sector / geographical / client specific risk.

Pre-qualification credentials

Pre-qualification is a basic requirement in our industry. It is necessary that bidder should have requisite qualification in terms of technical expertise, adequate capital, infrastructure, experienced manpower, value of projects executed in the past etc. Our track record of over thirteen (13) years with over 40 completed projects enables us to meet customer’s prequalification requirements either independently or in association with joint-venture partners.

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Project Execution Capabilities and Cost competitiveness

Our Company has been in the EPC business for the last thirteen (13) years and has developed expertise in its line of operations which are characterized by our ability to minimize overheads, cost control and prevent overruns on project schedules along with strong skills in construction and contract management. We believe our strong in-house EPC and Project Management team and good relations with local sub- contractors helps us control the entire process. We control costs by eliminating unnecessary product features, procuring equipment and materials in cost efficient manner, optimizing logistics and maximizing labour efficiency. This has contributed towards securing multiple orders received from customers like Thermax India Ltd, Punj Lloyd Ltd, Deepak Fertilizers & Petrochemicals Ltd, Reliance Industries Ltd, Shriram EPC and many others. We have a track record in designing, manufacturing, procuring, constructing, commissioning, troubleshooting and servicing various systems and equipments.

Robust Existing Order Book

Our order book represents the un-executed Contract Value position of our assigned projects/work orders, which, as on December 31st, 2011 is as follows:

Sr.

No. Client Brief Description of Work Order

Total Un- executed Contract Value (` in Lacs) Expected Completion Date 1. Thermax Engineering Construction Co. Ltd.

Work Order includes labour charges for Unloading, Physical Verification, Preparation of Materials Receipt Report, Stacking/Storing, In-plant Transportation of all erection materials and erection and providing assistance during Commissioning of 1 x 95 TPH, 87 kg/cm, 515 Deg. C., TG Boiler and charges towards extra claim settlement at M/s Dr. D. Y. Patil SSk Ltd., Kolhapur (Maharashtra).

41.31 May 30th, 2012

2. PACL India Limited

This work order covers the Earth work for Development of Agricultures land including clearances & Excavation Dressing of Agriculture land at earmarked site. (New Delhi)

4500.00 December ₃₁st_{, 2012}

3. BLA Power Pvt. _Ltd.

Work Order for engineering, procurement, manufacturing, supply, testing, packing, forwarding, transit insurance, transport, unloading at sight, storing and handling at sight, fabrication, erection, testing and commissioning of large diameter (LD) piping and non IBR piping including Butterfly Valves and Non-IBR Valves at Village Niwari, Gadarwara (M.P). 298.94 September ₃₀th_{, 2012} 4. Deepak Fertilizers and Petrochemicals Corp. Ltd

Work order includes (i) Piping and Erection of Valves; (ii) Transporting the steel from the clients store, fabricating and erecting structural steel at all levels as per drawing including tools, tackles, cutting, welding, consumables, assembly, bolts, permanent bolts, preparation of fabrication drawings (if felt necessary by the Contractor for all types of structures in buildings, pipe racks,

  platforms and towers; (iii) Same as (ii) but

fabrication to be carried out outside DFPCL in the contractors premises (iv) All activities and scope same as (ii) but for insert plates (v) All activities and scope same as (ii) but for hand railing consisting of top rail, middle rain, vertical and toe gurd; (vi) All activities and scope same as (ii) but for MS Gratings; (vii) Supplying, providing and fixing corrugated polypropelene reinforced cement sheet for Roofing and cladding including the self tapping screws, all necessary jigs and fixtures, necessary scaffolding. (K-1 Taloja)

5. Lanco Infratech _Limited Work Order for Civil work for Anuppur Thermal _{Power Project Phase I} 75.24 March ₃₁st_{, 2012}

6. Acclaim Industries _Limited

Work Order includes procurement of EPC Contract related project material including steel, valves, pipe fittings and other fittings. After the procurement process is complete a supplementary Work Order is released for the Engineering and Labour works

322.54 July 26₂₀₁₂ th,

7. Archon Engicon _{Pvt. Limited}

Work Order includes widening and strengthening of Godda – Sunderpahari-Dharampur More Road, Jharkand and also shall include fooding, lodging and transportation of our staff.

1000.00 June 30₂₀₁₂ th,

8. Kadevi Industries _Limited

Work Order includes tree cutting and clearance over a stretch of 1506.60 km for the construction of Transmission linein the State of Uttar Pradesh according to all technical requirements as required by ICI-C&C, Manipuri JV. 1406.00 August 23₂₀₁₂ rd, 9. Reliance Gas Transportation Infrastructure Limited

Work order includes Mechanical and Piping Works and Installation of Fire Fighting System for hook- up facility for BGL’s Hyderabad CGD. The contract shall include the following – (i) Fabrication of Piping (ii) Erection of Piping (iii) Testing, Dewatering and Drying of Piping (iv) Installation of Valves (v) Installation of Equipment (vi) Radiography (vii) Ultrasonic Test (viii) Painting (ix) Pipe Supports (x) Modification/Extra Works

72.29 May 30₂₀₁₂ th,

10. Amruta _Enterprises

Work Order includes procurement of EPC Contract related project material including steel, underground pipe coating materials and other fittings. After the procurement process is complete a supplementary Work Order is released for the Engineering and Labour works.

800.00 September ₁₅th_{, 2012}

11. J. P. Engineering

Work Order includes procurement of EPC Contract related project material including steel, nuts and bolts, piping materials and other fittings. After the procurement process is complete a supplementary Work Order is released for the Engineering and Labour works.

1200.00 August 20₂₀₁₂ th,

Total 9825.32

Note: None of the above-mentioned clients/contracts are sub-contracted jobs from third parties. Wherever, the job is a sub-contract, we have written the name of the party which has finally contracted

36  As shown above, our order book includes large projects and clients from diverse sectors and geographies and the same shall be instrumental in helping us achieve our revenue targets and continuing our growth rates.

Strong Operational Performance and Low Debt Burden:

The EBITDA margin and the Net Profit margin of the Company stood at 12.24% & 5.24% respectively during FY 2011. Also the Company has generated a RONW of 24.66% in FY 2011. This indicates ability of the Company to generate attractive returns on funds invested. Secondly, our debt to equity for the F.Y. 2011 ended stood at 1.03 which is low as compared to industry peers. We believe our strong operating performance coupled with low debt, will help us provide adequate returns and hence help our consistent growth even during slower economic or business cycles.