Escorts Plans to Triple Railway Arm’s Revenue via Acquisitions
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