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regular-article-logo Friday, 22 November 2024

Shrachi Group arm BTL EPC eyes Rs 1000 crore topline, aims for 56 per cent growth in business

The EPC (engineering, procurement and construction) company concluded the last fiscal with a topline of ₹641 crore, reflecting a 24 per cent growth compared with FY23

Our Special Correspondent Calcutta Published 20.08.24, 11:27 AM
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Representational image File picture

BTL EPC, the engineering arm of the Shrachi Group, has set an ambitious target to reach 1,000 crore topline by end of this fiscal, attempting to grow business by 56 per cent during the period.

The EPC (engineering, procurement and construction) company concluded the last fiscal with a topline of 641 crore, reflecting a 24 per cent growth compared with FY23.

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Ravi Todi, managing director, BTL EPC Ltd, said the capex being planned by the central PSUs and private sector companies in the power sector offer ample opportunities for outfits such as BTL which focus on material handling, EPC among others.

The company secured new contracts worth 413 crore (inclusive of GST), which include projects such as a 267-crore contract from BHEL for NTPC (2 X 800 MW) Lara TPS Stage-II, and a 96-crore contract for the by-product unit at SAIL-Bhilai and a 50-crore contract for underground mining conveyor supply.

“Securing these contracts underscores BTL EPC’s commitment to delivering innovative engineering solutions. Our strong performance and strategic project wins are paving the way for our ambitious target of 1,000 crore turnover this fiscal. The company’s growth strategy emphasises securing high-value projects, stringent cost control measures and fostering stronger relationships with its clientele.”

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