PTI reported that building solutions provider Everest Industries is expecting over 25% increase in revenue from its pre engineered building solutions business to over INR 200 crore this fiscal.

Mr Manish Sanghi MD of Everest Industries said “The PEB sector is growing at 20% due to strong demand from industrial and infrastructure sectors as well as from traditional users of RCC/structural steel buildings who are now converting to modern technologies like PEB. We expect over 25% rise in our revenue to more than INR 200 crore by the end of this fiscal from this vertical.”

He expressed the hope the order book growth momentum in PEB segment will continue at similar rate every year.

Last year, the revenue from PEB segment was INR 160 crore, of the total turnover of INR 734 crore.

At present, the company's PEB order book stands at INR 150 crore with nearly 500 projects in over 25 states.

The PEB market is around INR 3,000 crore and is growing at 35%.

(Sourced from PTI)