Our Union Budget showcases long-term economic vision for the nation sets tone for faster growth on the journey to become $5 trillion economy as well as laying out a blueprint for another 25 years. India’s economy grew by 20.1 percent 2021-22 as against a 24.4 percent contraction seen during the same period last year. The government of India has now focused on rolling out the expansion projects in the steel, oil and gas and power sectors. It is further investing in expanding smart cities with smart homes as well as healthcare sector with more hospitals, waste to energy, improvement of the environment, infrastructure development in the rural and urban areas and improvement of logistics by adding Metro Railway and Airport connectivity in small cities.
EPC companies have taken this as a golden opportunity to thrive and contribute towards Nation building in the sunrise sectors. With the proposition of Atmanirbhar Bharat (Make in India) by the Indian Govt. and an influx of foreign direct investments, the Indian EPC companies are poised to take up industrial growth to the next level. Tuaman Engineering Ltd. is one such preferred EPC company that offers top-notch solutions for engineering, procurement and construction with expertise in all disciplines.
Beginning the journey as a very small firm with a handful of staff, Tuaman Engineering Ltd started
by executing a project worth of one crore in the chemical sector and gradually with credentials building up, it started to participate in larger valued projects. Rather than increasing the number of order bookings, Tuaman judiciously decides the logical cost of the bid. The company is solely focused on bagging orders at a rate in which it is able to execute successfully and hand over to its client keeping a reasonable margin to mitigate its commitment to all the stakeholders including the customers. The company keeps no stone unturned to cater to the customer needs and step up to any issue raised by them. Proper implementation and planning before bagging an order ensure timely execution. Through close monitoring and following a methodical approach to resolving issues, it tries to mitigate any problem that might cause a crisis at any stage of project execution.
"With our due diligence, hardship, organized, proactive planning and perseverance we are what you see us today - successful and growing as a company", says Dr. Pinaki Duttagupta, Whole time Director, Tuaman Engineering Ltd.
Our key strengths are our well-defined processes to handle the client’s project, our well-trained team, satisfied customers & global technical tie-ups to deliver world class service
In the last five years, Tuaman has seen an exemplary growth of about 106 percent CAGR for the company. From the Financial aspect, in FY 2013-14 the company had an annual turnover of Rs.seven crore but the company's perseverance has made it achieve a turnover of more than Rs. 600 crore in FY 2019-20, in just six years. During the pandemic, like every other EPC company, Tuaman Engineering has faced challenges to operate efficiently. However, as the EPC market is booming again, Tuaman has recently bagged some major prestigious orders in Oil & Gas , Steel, Fertilizer, Metro railways sectors including an award of Periodic overhauling of different types of wagons outsourced through private agencies for the first time from Indian Railways. With a presence in almost all Oil & Gas installations across India, the company is expecting a good order booking from this segment with participation in process-oriented EPC projects in other sunrise sectors and of larger values.
"Our roadmap would be to consolidate our strength as well as complement our weaknesses in the coming year with sustainable growth without affecting the value chain of any of our valued stakeholders", Dr. Pinaki concludes.
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