Sustainability is at the core of our innovation, driving us to develop environmentally responsible building solutions
Pre-engineered buildings have seen significant growth in India. How do you assess this development, and what are the current market trends?
The PEB industry in India has witnessed a remarkable transformation over the last decade. With rapid urbanization, industrial expansion, and infrastructure development, PEBs have become the preferred choice for warehouses, factories, commercial buildings, and even large-scale public infrastructure. Currently, the Indian PEB is growing at a CAGR of over 11-12%. The demand is primarily driven by sectors such as warehousing, logistics, e-commerce, and manufacturing, which require quick and cost-effective construction solutions. With sustainability and efficiency gaining prominence, PEBs will continue to dominate the construction landscape.
What are the key drivers fueling the growth of PEBs in India?
Several factors are driving the growth of this industry. Industrial growth and urbanization are playing a crucial role, as the rise of new industrial hubs and smart cities increases the demand for fast, durable, and cost-effective buildings. Additionally, the rapid expansion of e-commerce and third-party logistics (3PL) providers has led to massive investments in large warehouse facilities, further fueling the industry's expansion. Sustainability and the demand for green buildings are also contributing to this growth. Pre-engineered buildings (PEBs) are inherently eco-friendly, helping reduce carbon footprints and minimize material wastage. Furthermore, supportive government policies, including initiatives like ‘Make in India,’ increased infrastructure investment, and improved foreign direct investment (FDI) regulations, have provided a significant boost to the PEB market.
While the industry is growing, it also faces challenges. What are the biggest roadblocks from design to final commissioning?
Despite its rapid adoption, the pre-engineered buildings (PEB) sector faces several challenges. One of the primary concerns is the complexity of design and engineering. Since every project is unique, precise customization is required, which can be time-consuming and demanding. Another significant challenge is the volatility of steel prices, as fluctuations in raw material costs directly impact project budgets and profitability. Additionally, competition from unorganized players poses a threat to the market. Low-cost, non-standardized PEB providers affect the industry's credibility and create inconsistencies in quality. Regulatory hurdles also add to the challenges, as approvals and compliance with local building codes can lead to project delays and increased costs.
Given the volatility in steel prices, should the industry explore alternatives like FRP, aluminum alloys, or composites?
Steel remains the backbone of the PEB industry due to its strength, flexibility, and cost-effectiveness. However, there is growing interest in hybrid structures that combine steel with advanced coatings, FRP (Fiber Reinforced Polymer), and lightweight composites. While these materials offer corrosion resistance and weight reduction, their high cost and limited load-bearing capacity make them more suitable for niche applications rather than large-scale industrial use.
The presence of unorganized players is a major concern. How does Everest Steel Building Solutions counter this challenge while maintaining industry standards?
At Everest Steel Building Solutions, we have built our reputation on quality, trust, and timely delivery. Our commitment to excellence is reflected in our strict adherence to global quality standards and certification compliance. With in-house research and development, along with advanced engineering solutions, we ensure that each design is customized to meet the specific needs of our clients. Our automated manufacturing processes guarantee precision and consistency, setting us apart in the industry. Additionally, our strong after-sales service and long-term partnerships with clients reinforce our reliability. By focusing on innovation, dependability, and customer-centric solutions, we establish a benchmark that unorganized players struggle to match.
Technology is transforming the construction sector. How are innovations like BIM, robotics, and AI influencing PEBs?
Digital transformation plays a crucial role in improving design efficiency, speed, and precision. Building Information Modeling (BIM) enables 3D visualization, reducing errors and optimizing project planning. Automation and robotics further enhance manufacturing accuracy and accelerate the assembly process, ensuring greater consistency and quality. Additionally, the integration of artificial intelligence (AI) and the Internet of Things (IoT) in pre-engineered buildings (PEBs) allows for predictive maintenance, real-time monitoring, and energy optimization. At Everest, we leverage these advanced technologies to enhance efficiency, minimize errors, and deliver projects faster, setting new standards in the industry.
How has Everest Steel Building Solutions capitalized on growth opportunities in the PEB sector over the last three years?
Over the past three years, we have made significant strides in expanding our capabilities and delivering excellence. We have increased our manufacturing capacity to efficiently handle large-scale projects, ensuring seamless execution. Our commitment to precision and timely delivery is evident in the successful completion of over 4,500 projects across India. To further strengthen our expertise, we have built a robust design and engineering team comprising over 150 skilled professionals. Additionally, we have focused on developing next-generation pre-engineered building (PEB) solutions that align with industry advancements and sustainability goals, reinforcing our leadership in the sector.
Which industries are you focusing on for maximum revenue growth in FY 2024-25?
We see strong demand across several key sectors that are driving growth and innovation. Warehousing and logistics continue to be the backbone of e-commerce and supply chain expansion, creating a need for large, efficient storage solutions. The industrial manufacturing sector is also experiencing a surge, with the rise of smart factories and automated production plants requiring advanced infrastructure. In addition, aviation and defense are emerging as critical areas, with specialized hangars, storage facilities, and military infrastructure in high demand. Infrastructure development, including metro stations, airports, bridges, and urban projects, further contributes to market expansion. Our strategy is to align with India’s infrastructure growth and offer solutions that cater to these high-demand sectors, ensuring efficiency, durability, and innovation.
With sustainability becoming a top priority, how is Everest integrating green solutions in PEB projects?
Sustainability is at the core of our innovation, driving us to develop environmentally responsible building solutions. We prioritize the use of recyclable, high-strength steel to reduce waste and enhance the longevity of our structures. Our solar-ready pre-engineered buildings (PEBs) are designed to support renewable energy integration, promoting clean energy adoption. In addition, we incorporate rainwater harvesting systems and advanced insulation technologies to improve energy efficiency and reduce resource consumption. Our optimized fabrication methods further minimize waste during production, ensuring a more sustainable manufacturing process. By integrating these green building practices, we ensure that our projects meet both regulatory and environmental standards, contributing to a more sustainable future.
What policy reforms could further boost the PEB sector?
To accelerate the adoption of pre-engineered buildings (PEBs), key policy reforms are essential. Faster approval processes for pre-engineered structures would help streamline execution and reduce project delays. Providing incentives for green buildings and sustainable construction would further encourage environmentally friendly practices in the industry. Additionally, the standardization of PEB design codes is crucial to ensure uniformity and maintain high-quality standards across projects. Stricter regulations on substandard construction practices by unorganized players would help improve market credibility and safety. A stronger regulatory framework, coupled with government support, will be instrumental in driving the industry forward and fostering long-term growth.
Finally, what are Everest’s expansion plans for the next three years?
Our vision is to strengthen our market leadership by expanding our manufacturing capabilities to meet the growing demand for pre-engineered buildings (PEBs). As part of our growth strategy, we are increasing our regional footprint by establishing more sales offices across India, ensuring better accessibility and service for our clients. We are also focusing on high-growth sectors such as data centers, defense infrastructure, and mega industrial projects, which require advanced and reliable building solutions. Additionally, our continued investment in research and development enables us to pioneer cutting-edge PEB solutions with smart technology integration. With our commitment to innovation, quality, and timely delivery, we aim to redefine the future of PEBs in India, setting new industry benchmarks.
