French MNC Egis eyes acquisitions in energy sector

Company aims to boost turnover from India operations to Rs 400 cr in five years from current level of Rs 166 cr

EGIS India, a subsidiary of French infrastructure and engineering consultancy major EGIS Group, is scouting the Indian market for acquisitions in the energy sector.

Addressing the media in New Delhi, Group Chairman, Nicolas Jachiet said the company plans to make significant investments to drive growth in India. He, however, did not disclose the quantum of investment, but said that the company is looking at growing both organically and inorganically in the Indian market.  

Jachiet said the Indian market is poised for rapid growth and massive investments are being made in the infrastructure sector.  He added that in order to further drive growth in this market, Egis India is looking at acquisitions notably in the energy sector.
 

In FY13, Egis India clocked a turnover of Rs 166 crore in FY13 and plans to increase this to Rs 400 Crore over the next five years. The 2013 calendar year order intake of Rs 380 Crore is in line with this objective.

The Egis Group reported a global turnover of $1.2 billion in 2012, has a presence in over 100 countries where it employs 12,000 people. More than half its turnover comes from outside its home market in France. 

The Group entered India in 1996 and is currently executing 108 projects with an estimated total value of RS 878 crore. Some major projects are Metro Rail projects in Chennai, Kochi & Kolkata; Hyderabad Outer Ring Road; projects under NVDA; 1,048 km long Ganga Expressway; Mumbai Master Plan VISION 2034 and Ports in Daman & Diu.