MESSAGE FROM CHAIRMAN
It is my privilege to present to you, our shareholders, the Annual Report of Schneider Electric Infrastructure Limited (SEIL) for the financial year 2017-18.
The Indian power sector has faced several challenges over the past few years; however, the second half of the last year saw our economy revive. The power sector is a key enabler of India''s economic growth and a crucial component of India''s basic infrastructure to support the country''s ambitious GDP growth. The government is clearly focused on addressing challenges of urbanization with the smart city initiative and it is also committed to making energy accessible to all by bringing electricity to every village in the country.
When we, at SEIL, look forward, the economic environment is creating opportunities for us which we need to leverage. It also increases our responsibility towards addressing some of the challenges which the country is facing in terms of access to 24X7 energy which is clean and sustainable as well.
Your company has developed a wide range of products and digital solutions to address various challenges of the energy value chain. Our asset management solutions with mobile applications help customers to achieve the required levels of performance from electrical infrastructure. We are facilitating and empowering our customers to solve the complex urban challenges and helping them to create benchmarks with our innovative technology solutions. Successful commissioning of Naya Raipur smart city is an example of such innovative digital solutions from Schneider Electric.
Our business has practically redefined the segment with our EcoStruxure offering a unique customized platform which makes energy consumption most efficient. We believe that it will help address the challenges of loss and quality of electricity supply.
We have also been focused as a business on bringing cleaner and renewable energy to the energy pool in the country. We have supplied and commissioned equipment for 500 MW solar projects during the year, increasing our share of total capacity to 3.5 GW.
The year 2017-18 has been a significant and challenging year. Your Company managed to execute its priorities well despite the financial crisis in the industry. The management has been cautious and selective in term of customers while building the healthy backlog in line with our strategy. Your company was able to book new orders worth Rs. 11,506 million, 4.4% up over the previous year
To meet the emerging challenges and to benefit from the new opportunities in India''s fast evolving economic and infrastructural scenes, the Company continues to focus on innovative solutions, customer satisfaction and employee engagement as a part of its growth philosophy.
I would like to sincerely thank all our shareholders, customers, suppliers, communities and other stakeholders for their continued and unstinted support to the Company during the year. I would also like to thank all the employees and my colleagues on the Board of Directors, for their tireless commitment to enhance the performance and health of the Company.
Vinod Kumar Dhall