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By Dhwani Pandya
Dilip Buildcon Ltd., one of the top highway builders in India, expects revenue to double in the next 4-5 years on an infrastructure push by Prime Minister Narendra Modi’s government, Rohan Suryavanshi, the company’s head of strategy & planning, said in an interview with Bloomberg TV.
“We should be looking at 15%-20% growth year-on-year, which will lead us to double our sales in next 4-5 years,” he said. “We should be looking at an increasing order book.”
India announced the highest ever outlay of 1.18 trillion rupees ($16 billion) for the development of highways and roads in its 2021-22 budget. A custom Bloomberg gauge of Indian road builders has gained 27.6% since the budget was presented on Feb. 1 as compared to a gain of 2.99% in the benchmark BSE Sensex. Dilip Buildcon has jumped 53% during the period.