Scaffolding biz to lead revenue growth for Technocraft: Saraf

Technocraft Industries is well-positioned for the next couple of months to remain insulated from steel price rises and thereby neutralise any impact arising out of the hike, according to its management. 

Sharad Saraf, MD, Technocraft Industries, said the company’s target of trebling topline in the next five years will be led by revenue growth in scaffolding business. Besides, Technocraft is also bullish on standalone projects it is undertaking and defence is one of them, he said.

He said the company’s current debt stands at Rs 240 crore and has cash in its books of about Rs 500 crore.

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