BTL EPC ex­pect­ing ₹1,500 crore or­der book

Chemical Industry Digest - - News & Views -

Kolkata- based BTL EPC, part of the Shrachi Group, is ex­pect­ing an or­der book of 1,500 crore by March 2019. Its or­der book by the end of this fis­cal is ex­pected to be around 800 crore. Ac­cord­ing to Ravi Todi, Manag­ing Di­rec­tor, Shrachi Group, the healthy growth in or­der book will be sup­ported by im­prove­ment in de­mand across the steel and power sec­tors.

BTL EPC Ltd was pri­mar­ily into coal and chem­i­cal han­dling busi­ness. But, fol­low­ing the volatil­ity in the seg­ment, it has di­ver­si­fied into trans­mis­sion, so­lar, wa­ter and equip­ment di­vi­sions. The com­pany is also look­ing to foray into prod­uct man­u­fac­tur­ing in power and steel sec­tors.

While nearly 95 per cent of BTL EPC’s rev­enues come from govern­ment projects and PSUs, it is now look­ing at a greater share from pri­vate busi­nesses. In fact, it is al­ready do­ing EPC con­tracts for larger con­glom­er­ates such as JSW Steel and Tata Steel.

“We ex­pect to grow at a CAGR of 15 to 20 per cent at least for the next few years. Ad­di­tion­ally, we are also ex­plor­ing in­or­ganic growth by way of do­mes­tic ac­qui­si­tions,” said Todi. BTL EPC is al­ready in ad­vanced talks for the ac­qui­si­tion of a Chen­nai-based com­pany. The ac­qui­si­tion will help the Todis gain a foothold in the south In­dian mar­kets.

BTL EPC is present in West Ben­gal, Jhark­hand, Ut­tar Pradesh, Odisha, Chat­tis­garh, Hi­machal and Ut­tarak­hand. In the south, it is present in Andhra Pradesh and Te­lan­gana.

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