Share with us your company profiling and the latest advances in your projects and services in brief.
In 1927, Sterling and Wilson started off as an electrical works company and has now transformed into a globally diversified conglomerate present in more than 25 countries. The company has always been ahead of the curve. Keeping in line with industry demand, Sterling and Wilson are contributing to more than 25% of the passive infrastructure space in India.
From primarily being an MEP player, it is now present in the manufacture of DG sets, Gas based power plants, Waste to Energy, Turnkey data centers, Transmission and Distribution and Solar EPC. With its recent foray into energy storage, the company is perfectly poised to play a vital role in the global trend of moving away from thermal plants to a future of renewable energy with storage. MEP still remains as one of the predominant business for Sterling and Wilson.
Give us your opinion on the industry using new trends for better, smart and efficient launches to deliver promising growth potentials.
Owing to the increasing urban population, India has seen a rising demand for infrastructural development. Over $ 4.5 trillion a year will be spent on infrastructure development between now and 2020. Emerging trends such as sustainable and green infrastructure for the long term are increasingly becoming more and more imperative in this sector. They are likely to guide investment in a world where politics, technology, and markets are evolving fast. The sector is progressively using technology-driven services to enable and foster an evolved economy.
Leading players such as Sterling and Wilson are rising to the occasion and using their robust expertise in infrastructural solutions by creating a vast potential across multiple sectors. The integration of various offerings and services under Electrical, HVAC, Fire Fighting, PHE and IBMS Businesses into a one MEP Business has been a major enabler for company’s growth. Sterling and Wilson have added five new verticals to tap the infrastructure growth in industry segments viz Industrial Fire & Safety, Flue-gas desulfurization, Process Control & Instrumentation, Industrial and Clean Room EPC and IBMS Special Projects (Smart Cities & Defence). These five services which have been successfully incorporated into a single business unit which will result in close to 30% growth in the coming 2-3 years. This integration will pave the way for real-time, seamless services and timely project delivery for clients as well as reduced costs, time and coordination efforts for internal stakeholders.
Discuss your future business plans and strategies of the company in various practices.
Sterling and Wilson have expanded its MEP business in India and currently holds a market share of 15%, we are planning to penetrate into foreign geographies such as Bangladesh, Bhutan, Nepal and beyond.
As mentioned earlier, MEP business has expanded into five new areas following the growth story in the infrastructure domain. These five businesses together with the regional business growth will help the company to reach a growth of over 30% year on year. We have made many strategic initiatives to strengthen the technological and engineering capabilities to become a predominant player in these businesses.
What are your views on the budget announced for the industry and give us a few details on the related financial ambitions as a key player?
The government of India will invest INR 5.97 trillion in creating and upgrading infrastructure in the next financial year. This major infrastructure push will enable India to emerge as an evolved economy. Sterling and Wilson has always worked in line with the government in providing top-class infrastructural solutions and will drive a new wave of change in the MEP construction industry. The business is targeting INR 3000 crores by 2020.
The business has big plans to change the construction methodology, process and, qualitative approach to the project deliveries. One of the major challenges in this sector is skilling of new talent. In order to resolve this, the MEP business aims to launch training schools that will enable the industry to be more attractive to the upcoming young generation of talent.
Is there anything that you would like to share with your audience at large – the motives and principals of the company to remain competitive in the near future?
The integration of the five key MEP services is a testament of our commitment towards providing quality services and the sustained dedication of our employees. Around 70-80% of orders for Sterling and Wilson constitute of MEP services which majorly benefit our internal and external stakeholders and supplements other critical businesses such as Data Center.
As a globally diversified conglomerate, we have always believed in collaborating with our competitors and creating disruptive solutions in the infrastructure and construction field.
An EPC leader, Sterling, and Wilson has made great inroads in India with regards to exploring new and cutting-edge solutions. We have also taken these learnings to a global level.
Sterling and Wilson have made great inroads with regards to exploring new and cutting-edge solutions as path breakers in the industry. We are taking the same learnings to a global level and are impacting the international markets at large.
