Es­corts Plans to Triple Rail­way Arm’s Rev­enue via Ac­qui­si­tions

The Economic Times - - Companies: Pursuit Of Profit - Sharmistha.Mukher­jee @times­group.com

New Delhi: The Es­corts Group is look­ing for ac­qui­si­tions to more than triple its rev­enue from the rail­way equip­ment di­vi­sion to ₹ 1,000 crore in the next five years.

The com­pany has adopted a four-pronged strat­egy to ex­pand its busi­ness, Di­pankar Ghosh, chief ex­ec­u­tive of Es­corts Rail­way Equip­ment Di­vi­sion told ET.

“Apart from build­ing a strong R&D team, col­lab­o­rat­ing with global tech­nol­ogy ma­jors, val­ueengi­neer­ing prod­ucts and im­prov­ing mar­gins, we are ex­plor­ing tar­geted ac­qui­si­tions in mega­tron­ics, high-end propul­sion sys­tems,” Ghosh said. “What­ever ac­qui­si­tions we make will be

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