Johnson Lifts eyes 12% growth on high government orders this fiscal

The country's top elevator and escalator company Johnson Lifts is eyeing a 12 per cent growth in the current fiscal year on high government orders.

The business in the government sector is primarily driven by projects in railways, metro stations, smart cities and airports and comprises the bulk of the current order book of the company which currently stands at around Rs 2,600 crore.

Till 2016-17, the government sector accounted for only 10 per cent of the company’s consolidated earnings which rose to contribute 30 per cent in the ongoing fiscal year and it expects revenues from government projects to