Page 14 - TCE Annual Report 2019-2020
P. 14
21 Annual Report 2019-20
st
Chairman’s Statement
Dear Stakeholder,
It gives me immense pleasure to share that your
company has completed a year of record financial
performance. FY 2019-20 saw the highest growth
in the company since its inception. Your company
also improved its ENR ranking of ‘top international
engineering firms’ in FY 2019-20 to an all-time best
of 127. Your company continued on the path of
business excellence and scored 550+ in last year’s
TBEM assessment and was recognised as “Emerging
Industry Leader” at the prestigious JRD QV Awards. It
also gives me immense pride to inform you that your
company was the Design Engineering Consultant of
the Kakrapar Atomic Power Plant located at Kakrapar,
near Surat, the first indigenously designed and built
Pressurised Heavy Water Reactor (PHWR) unit of
700MWe capacity. The indigenous nuclear plant -
KAPP Unit 3 at Kakrapar achieved criticality on 22nd
July 2020 demonstrating India’s progress towards long
term energy security. Your company has partnered
with NPCIL on 85% nuclear plants and is associated
with the Department of Atomic Energy since 1968.
Ashok Sethi Today we are living in unprecedented times
Chairman with COVID19 drastically changing personal and
professional lives. I sincerely wish safety and well-
During these extraordinary times being for you and your loved ones’. As you are aware,
this pandemic has affected the global economy
of COVID19, your company has
severely and is expected to lead to ~3% contraction
also been actively contributing in global GDP. Indian economy is also likely to
positively to the social well-being of all its be significantly impacted with a sharp decline in
industrial activity, contraction in exports and a drop
stakeholders and above all, to the common in real GDP by almost 2-3%. Given this turmoil, it is
people of India. The company has been a a foregone conclusion that the business will also
part of the group initiative on Emergency be impacted in the coming year as a fallout of the
COVID19 pandemic. However, let me assure you
support for COVID19 specific quarantine that your company leadership has taken cognisance
and ICU wards and facilities to be developed of the challenges and has prepared a detailed
for various state governments, hospitals or strategy focusing on invigorated sales efforts, cost
optimisation, efficient collections and new business
NGO’s/ Trust. lines.
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