Incorporated in 1953, Hindustan Prefab Limited (HPL), in the last 55 years, has supplied components for the building industry and the national railways. Its chairman and managing director Jaiveer Srivastavaa spoke to Hindustan Times about HPL's wide spectrum of civil engineering structures. Excerpts:
Two years have passed since HPL's financial restructuring package was introduced. How has been the progress so far?
We have earned profit consecutively for the second year, even after implementation of latest pay scales in the company and making higher provisions for gratuity and leave encashment. Due to constraints of skilled manpower, we have decided not to take up projects of small value and trying to secure big projects to have operational efficiency and convenience.
What plans do you have for starting the pre-fabricated and pre-cast manufacturing activities?
Since HPL does not have required funds for establishing a prefabricated precast plant, we are weighing various options. The matter is under consideration of the board. We look forward for starting the prefab and precast manufacturing activities within about one year's time or so.
What has been the progress of providing immediate housing requirement to the people affected by the cloudburst in Leh-Ladakh region?
We were able to erect 170 one-room prefab houses in Solar Colony in Phase-1 in Leh in a record time of 41 days. Our commitment is to set up 450 prefab houses in twenty five difficult and inaccessible locations. We have completed 372 houses out of 450 and are optimistic to complete this task by the end of this month. We will complete all the prefab houses in 85 days to accommodate the affected people.
What plans do you have to mapping HPL's footprint in overseas locations?
We are going to construct housing for the internally displaced people in Sri Lanka. To this effect, an agreement has been signed between HPL and the external affairs ministry for construction of first pilot project of 1000 houses spread over in the eastern and northern parts of Sri Lanka. The Indian government has already made a commitment of 50,000 houses in Sri Lanka. This project is to be completed within six months.