High Ground Enterprises eyes four-fold rise in revenues

Having grown at 80 per cent year-on-year in three years, infrastructure and consulting firm High Ground Enterprises has set its eyes on a four-fold rise in revenues in three years to top Rs 1,000 crore, the company said in a statement.

The company posted revenues of Rs 248 crore and gross profits of Rs 21.5 crore in 2015-16 and now seeks to ramp up by bidding for large government projects directly, the company said.

"Over the last few years, we have tried to position ourselves in the segment of infrastructure quite successfully," Sandeep R. Arora, Chairman and Managing Director, said. "In fact, we are gearing up to take the company to its next growth level."

Manish Mehrotra, Chief Executive of Engineering, Procurement, Construction Management Division, said: "We have been aggressively ramping up our expertise and capabilities to enlarge our portfolios in infrastructure. Now, we are also getting ready to bid for large government projects directly."

--IANS

ap/bg