Feeling the chill

Concerns over order-book flows and margin pressure across verticals continue to plague Voltas

I think we’re getting used to winning!,” proclaimed an elated Shaukat Ali Mir, executive vice-president and COO of Voltas, on bagging the MEP Contractor of the Year, 2011, award in Dubai for the iconic new Etihad Towers in Abu Dhabi. It was the second consecutive win for the Tata group company; it had bagged the title in 2010, as well, for the Ferrari World project. Voltas seems to have found its El Dorado in West Asia; it has a string of landmark projects in the region to its credit, including the Burj Khalifa at Dubai, the F1 track and Ferrari World at Abu Dhabi, Wafi Hotel and Mall, a pyramid-shaped 240-room hotel in Dubai, Mall of the Emirates and the Etihad Towers.