BTL EPC expecting ₹1,500 crore order book
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.