Punj Lloyd is looking at a significant share in the highways sector that is expected to open up in the next couple of months. The company has also brought about organisational restructuring to retain talent and give them greater opportunity. Atul Punj chairman of Punj Lloyd Group spoke to Hindustan Times. Excerpts of the interview.
You have recently restructured your organisation. What is it all about?
As we grow we want to keep a pyramid structure in place where there are smaller structures reporting to one. It has been split up between regions. There are people heading various regions and businesses which has already been decided and now we need to find one new person to take care of the things overall.
Why was this required?
The only way to have growth in profitability is to have people in power, give them the targets and allow freedom to move. Also, for one person to have complete operating responsibility across geographies becomes difficult and we want to encourage our people internally.
The infrastructure segment is the key focus area in India, how do you plan to optimise the same for yourself? There is an unprecedented interest and pressure to move ahead on the infrastructure development. Roads and highways will get on to the fast track soon, in the next six months and there are huge opportunities ahead.
What plans do you have specifically for the highway sector?
As the highway sector moves up we will certainly look to increase our percentage share. We will be looking to bid for bigger projects that are in the range of $300 million to $600 million (Rs 1,500 crore to Rs 3,000 crore).
How many kilometres of highways do you plan to build and what is level of investment you plan to make?
We will be bidding for constructing around 2,000 kilometer of the project and would look to bid for projects amounting to $2 billion to $3 billion (Rs 10,000 crore to Rs 15,000 crore).