Shrachi Group arm bags orders worth Rs 800 crore

BTL EPC Ltd, a unit of the Kolkata-based Shrachi Group, today said it has won orders worth Rs 800 crore from several state-owned companies.

The contracts, mostly in the segments of bulk material handling, coal chemical and transmission, will be honoured in the next two-and-a-half years, Managing Director of Shrachi Group, Ravi Todi said.

The company expects the order book to touch Rs 1,500 crore by the end 2018-19 fiscal, he said.

"BTL EPC has drawn up a clear roadmap for itself and is preparing for its foray into product manufacturing in power and steel sector," Todi said.

He said the the company is also exploring technology tie-ups with foreign players for the planned foray.

 

BTL EPC, which has been heavily dependent on the public sector for orders, is hoping to rejig its government-private ratio to 75:25 by March 31, 2019 from the present 95:5.

Todi said the company can explore initial public offer in the next 2-3 years, but nothing has been finalised yet.

The company is aiming at a revenue of Rs 400 crore by the fiscal 2019-20. It clocked revenues of Rs 327 crore in 2016-17, and expects it to remain flat in the current financial year.