The success of HSCL is solely attributable to the vision, leadership, managerial attributes, and fast and appropriate decision-making ability of Shri Malay Chatterjee in the capacity of Chairman-cum- Managing Director of the Company. Innovative studies and development of systems for organizational development, strategy, and operational planning, situation analysis and effective risk management have been the hallmark of his contribution in taking the organization to the next level of excellence. The physical and financial results achieved and several capacity building measures taken by Shri Chatterjee under prevailing constraints and embargo are furnished below:
The Company has achieved an MOU rating of ‘Excellent’ for the year 2010-11 under the leadership of Shri Malay Chatterjee.
There has been continual improvement in performance of the Company during the last several years.
Operational Profit increased sharply during the last several years. CAGR achieved in Operational Profit during the last 6 years is 18.12%
Overall Turnover is on the rise. CAGR achieved in Turnover during the last 6 years is 23.28%.
CAGR achieved in Order Booking during the last 6 years is 33.53%.
Average income of an employee has increased by 47% over 2005-06 to 2010-11. This goes to show the healthy development of the Company over the past few years.
Overall performance of the Company improved until QR-III of FY12 over the corresponding period of FY11.
Overall turnover target till QR-III of FY12 has been fulfilled by 93.67%.
Overall turnover increased by `160.38 Cr. (25.59%) till QR-III of FY12 over the corresponding period of FY11.
Order Booking target of `1260 Cr. until QR-III has already been exceeded to record `1652.64 Cr. (131%). The MOU target of `1800 Cr. for 2011-12 will also be exceeded.
Operational Profit till QR-III of FY12 recorded `41.12 Cr. improved by `4.73 Cr. over the corresponding period of FY 11
Incurred net loss of `37.29 Cr. till 31.12.2011 is less than the net loss of `39.12 Cr. during the previous year till 31.12.2010.
Awards
Shri Malay Chatterjee has been awarded the ‘Lifetime Achievement Award’ by Institute of Economic Studies in March 2012.
Construction Industry Development Council- Vishwakarma Awards conferred the ‘Industry Doyen’ Award to Shri Malay Chatterjee in March 2012.
The ‘Exemplary leader award’ was given to honorable CMD at the Asia Pacific HRM Congress Awards 2011.
Award of Certificate of Excellence in Productivity, Quality, and Innovation & Management was conferred on HSCL and Udyog Rattan Award to Sri Malay Chatterjee, CMD by Institute of Economic Studies (IES), which bears the testament of recognition of Company’s high level of delivery standard.
Shri Malay Chatterjee has been awarded the ‘Turnaround Leadership Award 2010-11’ for Global Excellence in HR at World HR Congress held in Mumbai on 11.2.2011.
Honourable Minister of Steel has conferred HSCL with Ispat Rajbhasa Trophy for use of Hindi as the official language.
Shri Chatterjee has been recognized by the institution of Engineers in the 26th National Convention of Architectural Engineers held in Bhubaneswar on 20th November 2010 for his distinguished and dedicated services in fostering the development of the nation.
HSCL has been awarded with ‘Certificate of Excellence’ by Water Resources Department Govt. of Bihar for its execution of Koshi Disaster Management Project.
‘Certificate of Recognition’ has been awarded to HSCL by Essar Steel in association with E18 and CNBC TC18 for its contribution in building India’s infrastructure.
Projects
Shri Chatterjee has been instrumental in securing ‘Implementation of ESIC Medical and Dental College at Gulbarga, Karnataka’ as a PIU for an estimated value of `900 Cr, which is the biggest project in Building and Medical Infrastructure in the history of HSCL.
‘Implementation of 90 Nos of Disaster Shelters’ at South 24 Parganas in West Bengal as a PIU for an estimated value of `381 Cr under National Disaster Management Authority is another major order secured by the Company under the leadership of Shri Chatterjee.
HSCL is all set to go international by taking up implementation of Low Cost Housing in Sri Lanka under Govt. of India assistance. This is a major break through by Shri Chatterjee in overseas business exposure after two decades.
Steel plant business also experienced a boost with 5 Nos. of medium to high value packages secured under the capacity expansion programme of Bhilai Steel Plant for over Rs.300 Cr. This is a distinct indication of the Public Sector steel plants re-imposing faith on HSCL for delivery of their projects in time and as per the specified quality standards.
HSCL has about ` 3300 Cr worth of orders in hand as on 1.3.2012 to enjoy a major market share in construction industry. This achievement can be attributed to the aggressive marketing approach of Shri Chatterjee.
New Delhi Office at Scope Minar has already been inaugurated in the presence of Honourable Minister of Steel, Shri Beni Prasad Verma.
Technological Tie-ups
HSCL has signed MOU with EDCIL for implementing education infrastructure in the country.
MOU has been signed with TPE for taking up integrated steel plants, which the Company has expertise in.
The Company has tied up with Cimprogetti, an Italian based Company, which deals with the design and supply of equipment and plants for the lime industry.
The MOU between HSCL and Institute for Steel Development & Growth (INSDAG) had been approved by the Board of Directors for cooperation in design and execution of steel intensive projects in India. The Company is now constructing the INSDAG Building in Kolkata.
The Company has also tied up with Zarubezhugol a Russian Company, which specializes in Coal Washery.
