Dear Fellow Shareholders,
It gives us immense pleasure to congratulate BCPL family in surpassing the Rs. 125 cr
turnover mark and registering the highest business volume of its life amounting to Rs.
127.16 cr for 2019-20. With the support of our members, stakeholders, employees and our
strategic management abilities we have been able to achieve commendable business volume.
The year 2019-20 also witnessed BCPL being on the verge of completing various tough and
challenging projects of Railway electrification. During 2019-20, BCPL endorsed new avenues
of business opportunities by participating in various tenders of State Electricity Board.
Our undaunted efforts and willingness would enable us to further expand our avenues and
migrate BCPL on the Main Board of BSE Limited in the year 2020-21.
The year 2019-20 served as inspiration that would further encourage us to continue to
strive for achieving higher milestones in the years to come, in our journey towards
contributing to pollution free railway traction. A happier future for the country and the
world at large, requires an efficient business environment which in turn emanates from a
disciplined society of which we are a part. My entire team at BCPL is always striving to
deliver electrification projects within the stipulated timelines, if not earlier, thereby
winning the confidence and trust of the Railways. In our small way we are confident that
we would be able to contribute towards fast reduction of pollution through the
Electrification of Railway Traction, currently run by fossil fuels.
The year 2020 has witnessed an outbreak of Covid-19 pandemic, followed by the
Government of India's Lockdown directions to prevent and contain the spread of the virus.
BCPL being engaged in the activities of national importance, certain relaxations were
provided by the Ministry of Home Affairs permitting us to resume operations at work sites
maintaining all measures of social distancing, health & hygiene protocols.
Safety is of paramount importance in our area of work and we, at BCPL, are ever
focussed on improving the safety of our workers and the safety of lives and property that
are transported on the tracks electrified by us. During 2019-2020, we have reviewed our
health and safety policy and framed the rules thereunder. A special monitoring cell has
added new parameters in our safety related exercises and would continue to do so under the
guidance of our experienced safety trainers. BCPL is taking utmost care of its staff and
work force during the pandemic crisis period following all norms of sanitization, social
distancing, mandatory mask wearing, thermal check before entry and maintaining proper
hygiene. We are increasing the use of digital means in our business operation through
virtual meetings at all levels, be it internal and/or client or stakeholders meetings.
BCPL has no liquidity concerns as we have sufficient Banking limits available.
Further the Ministry of Railways during the pandemic period, has taken extra initiative
of releasing the Bank Guarantees against the running projects in proportion to the works
completed, thereby providing further impetus to your Company's finances.
We consider our stakeholders as partners in our growth and as a token of
acknowledgement of the same, our directors have already declared and paid interim dividend
of Re. 0.40 per share and further decided to propose a final dividend of Re. 0.20 per
share for the financial year 2019-20.
With these words, I would once again thank all our associates for deciding to be a part
of our progressive journey and pray to God that everybody remains safe and sound and will
overcome this difficult situation created by the Covid-19 pandemic.
| Jayanta Kumar Ghosh |
| Managing Director, |
| BCPL Railway Infrastructure Limited. |