Moneycontrol PRO
Upcoming Event:Attend Quants League - 5 Days Live Algorithmic Options Trading Virtual Conference @ just Rs. 600/- brought to you by Moneycontrol Pro. Register Now!

TIL looks at revenue growth of 35-40% this fiscal

Construction and material handling equipment-maker TIL said it is looking at revenue growth of around 35-40% this fiscal on the back of demand from India's infrastructure sector.

May 24, 2011 / 09:29 PM IST

Construction and material handling equipment-maker TIL said it is looking at revenue growth of around 35-40% this fiscal on the back of demand from India's infrastructure sector.


The company, which has earmarked a capex of up to Rs 200 crore for this fiscal, also said Tuesday that its second plant for producing engineering equipment -- built near Kolkata at an investment of Rs 180 crore -- would be operationalised by July-end.


Also read: Manjeera Constructions declares dividend at 15% per share


"We expect growth in the construction and mining segments to continue and the government to invest more on infrastructure. We expect a topline growth of 30-35% in 2011-12," TIL President and CFO, Aloke Banerjee, said during a conference call.

The company had reported a net income of Rs 1,375 crore last fiscal, which was a jump of over 30 per cent from Rs 1,054 crore in 2009-10.

stay updated

Get Daily News on your Browser
Sections
ISO 27001 - BSI Assurance Mark