What are the emerging trends in the PEB sector?
PEB sector has grown much beyond PEB (pre-engineered buildings). The industry has moved to complex structures like high-rise buildings, process plants, large span structures and hi-tech warehouses catering to the booming e-commerce industry. It should be more aptly known now as a pre-engineered construction sector rather than a pre-engineered building sector. I see a great boom coming in the next few years. The industry has metamorphosed into an industry which is dealing with very complex structures, constructing complex buildings, which are beyond traditional pre-engineered buildings.
What is the outlook for the PEB industry in 2022?
I see an excellent outlook for the PEB sector. The market is booming. There are lots of ongoing PEB projects. There are lots of large projects happening. There are lots of projects coming from the warehousing sector. E-commerce is booming. Large industrial houses are going for expansionat a rapid phase. Large plants are coming up in the pharma sector, Green energy sector.
Why are you so positive about year 2022?
We have seen growth in 2021. It was a very good year. The market is booming. We are executing a lot of ongoing projects and we have an equal number of projects to execute in 2022. It is a booming market for us and we are number one in this sector right from initial planning to final project execution.
Which sector will contribute maximum revenue to PEB players?
Warehousing is a big sector. Tech sector is booming. E-commerce is booming by leaps and bounds. Renewable energy is a big sector which is growing in a big way. Solar energy plants are coming up in a rapid phase. Paint and Laminate & plywood industry are expanding. Large players are expanding capacity because there is huge demand. In short, we see huge demand for PEB from these sectors.
How are you going to leverage the opportunities year 2022 has to offer?
We have a dedicated excellent team. We have successfully bounced back from the setbacks caused by the Pandemic. Now, we are in a better position. We have an outstanding marketing and customer service team. We are expanding our capacity at our existing plants. We are looking at setting up a new Greenfield plant.
How is volatility in steel prices and affect on PEB industry?
Prices have been very volatile. Recently it started a downward trend. Don’t know how long it will last. Volatile steel prices are a global phenomenon and to some extent, the protected market in India shields steel manufacturers. For short term projects, hike in steel prices does not affect but for the long term project volatility has to be factored in.
Anything else you would like to add?
Interarch is the number one PEB player in the country. We are growing by leaps and bounds. We have great management and good financial strength. We have an excellent team. Our ability to come out of Pandemic setback is commendable. We bounced back and have emerged stronger. We are growing faster and better, with a large market share and commissioning projects to perfection.
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