Professional Documents
Culture Documents
INDUSTRY PROFILE
The engineering industry is the largest segment of the overall Indian industry. The
engineering industry can be divided into electrical and non-electrical segments. The electrical
segment depends upon the investments in power industry, while the prospects of the nonelectrical
segment
are
driven
by
industrial
investment.
Engineering equipment finds demand in sectors like cement, steel, power, chemicals and
petrochemicals, all of which have been adversely affected by the general slowdown in the
Indian economy in the past. Indian manufacturers are capable of catering to most of the
customers needs. There may be a supply constraint in some cases. For example, India has an
installed capacity of 7000 MW in turbines. Some Indian manufacturers like BHEL and
Larsen & Toubro have made a mark in the international markets, while some of the Indian
arms of multinationals are a global base for outsourcing products and services including R&
D.
Along with its inability to be globally competitive in the past; the Indian engineering
industry has also suffered from poor demand. The slowdown may just be over and the fortune
of the Indian engineering industry is likely to look up.
Industry Overview: Manufacturing
The target growth of industry during the Tenth Plan (2002-07) was put at 10 per cent
consistent with an overall GDP growth of 8 per cent. Notwithstanding a distinct improvement
in the manufacturing growth in the last two years, overall industrial growth so far has
remained well short of the target. Manufacturing sector growth in India has fallen sharply in
the last seven years as compared to the first seven years after the reforms. Manufacturing
sector growth slumped from 7.4% in the first seven years of reforms (1990-91 to 1996-97) to
just 4.7% over the last seven years (1997- 98 to 2003-04). Deceleration in the growth of
mining and electricity sector in the current year may put added pressure on manufacturing
sector to maintain overall industrial buoyancy. Impressive performance of the manufacturing
sector, which grew at 8.9 per cent during this period, largely contributed to this performance.
A moderate deceleration of 0.8 percentage points in the growth rates of IIP in the current year
was due to a decline in the growth rates for mining and electricity sectors. The electricity
sector also witnessed a moderate slow down in the current year, which could partly be
attributed to a shortage of gas and coal. Inadequate investment in these two sectors affected
the capacity additions and contributed to this shortage.
COMPANY PROFILE
K2S Technology was originally incorporated in 1985, as a joint venture
between GEA Energietechnik GmbH, Germany and our Promoter,
Mr. B.G.
Raghupathy, to produce and sell On-line Condenser Tube Cleaning Systems, Debris Filters
and Rubber Cleaning Balls used in Thermal and Nuclear Power Plants. In 1993 Mr. B.G.
Raghupathy and members of his family became the sole shareholders of the Company and
began to expand our range of product and services range in the Power and Oil & Gas
industries. On June 28, 2007 we changed our name from GEA Technology(India) Limited, to
K2S Technology.
They carry on their business in two segments, the Supply of systems and Equipment
and Turnkey Engineering project contracting.
In the systems and equipment business, they design, engineer, manufacture, sell and
service a range of systems and equipment for the Power, Oil & Gas, Refinery, Petrochemical
and Process Industries.
In the Turnkey Engineering project contracting business, they engineer, manufacture,
procure, construct and commission projects in the Power and Oil & Gas sector, wherein they
take Turnkey responsibility to supply of a range of equipment and services, including the
civil works required for a project and other work as may be required under the contract for
such project.
They execute Turnkey Contracts to supply the Balance of Plant ("BOP") Equipment,
Services and Civil works for Power Generation projects, in which they supply from a single
source, the Balance of the plant, i.e. items other than the Boiler, Turbine and Generator.
Having successfully executed BOP contracts, they have begun to focus on Engineering,
Procurement and Construction ("EPC") contracts, in which they Design, Engineer and Supply
all of the equipment required for a Power Plant including the Boiler, Turbine and Generator
and Civil works. They are currently executing BOP and EPC contracts tailored to customer
demands. They also have an infrastructure business intended to provide construction services
and technology oriented projects to the infrastructure sector.
The Group exports its system and equipment all over the world & has
reference installation in USA, EUROPE, FAR EAST, MIDDLE EAST, JAPAN, and
AUSTRIALIA & SOUTH EAST COUNTRIES. Group supplies its equipment and system to
process industries such as refineries, petro chemical & other process industries.
The Company consists of seven complementary businesses, including:
Power Projects business, which provides turnkey EPC and BOP, services for
coal-based Thermal Power Plants and Gas-based Combined Cycle Power Plants
typically over 100 megawatts ("MW"), and which completed its first contract in
2002.
Order
backlog
of
Rs.29,013
Million
as
of
Captive Power Projects, Established in 2006 to address the growing demand for
industrial captive power plants and public utility projects in India upto
150 MW. Executes Turnkey EPC contracts. Contributed Rs.632 Million to the
consolidated turnover in FY07* and Rs.2740 Million for the 9 months ended 31st
December 2007. Competes with Thermax, L&T, Indure, Tata Projects and
Greenesol Power.
Oil and Gas Equipments business, which designs and manufactures gas
conditioning & metering skids, storage tanks, pipeline pig launching & receiving
systems, gas processing complexes and gas compressor packages related to the
oil and gas industry for companies in India and abroad, and which began
operating in 2001
Products and turnkey services for the Oil & Gas industry, which
includes
Storage Tanks
Received export orders from the State Company for Oil Projects
(SCOP) in Iraq for US$ 94.6 Mn
Air Fin Coolers business, which designs and manufactures Air Fin Coolers
which cool process fluids and gases used in the refining, petrochemical, and oil
and gas industries, and which began operating in 1994.
Turnkey supply of air cooled heat exchangers for oil & gas processes
and power sector industries
Key markets are in India, the Middle East, Southeast Asia and North
Africa
Deaerators
EHV Substations
Plant Electricals
VISION:
OBJECTIVES
To continuously increase market share through thrust on export and maintain our
position as most preferred supplier.
To provide highest quality of products and customer service through continual
improvement of business processes.
To develop suppliers committed to quality at competitive cost and delivery.
Enhance capability of human resources with focus on developing skills and
competency.
POLICY:
We are committed to achieve the total customer satisfaction.
Providing product & service of highest level of quality standards.
Complying with customer specification, codes, standards statutory and regulatory
requirement.
Continually reviewing and improving the quality management system.
Building quality culture through team work, employee empowerment and
supplier development.
NEED AND SIGNIFICANCE OF STUDY
Sample size
The size of the sample was 20 and respondents are at the level of executives of HR/Finance/
Commercial/Engineering Department in K2S TECHNOLOGY. The data collected from 20
respondents are analysed and interpreted. Total no.of.Employees : 60
RESEARCH METHODOLOGY
Data Collection methods Questionnaire/ Secondary Sources/ records-Data tabulation
Data Collection
Data has been collected on two bases primary data and secondary data.
Primary data:
Methodology used in the process of collecting the primary data is through questionnaire.
Data has been gathered by executing a designed structure questionnaire, which consists of 16
questions.
Data has been collected through one interaction with executives.
Secondary data:
The secondary data related to the programmes conducted during 2011- 2013 will be
analyzed and there by inferences will be drawn from the data collected.