Infrastructure Leasing & Financial Services and Saudi Binladen Group expect INR 16,000 crore worth of orders for IL&FS Engineering by 2014 besides planning to make it a world class company.

IL&FS Engineering created by both the groups Saudi Binladin Group and IL&FS works on a host of projects in both domestic and international markets.

Mr Milind Patel IL&FS Financial Services deputy managing director told PTI that "We aim to make IL&FS Engineering a world-class company. We expect at least INR 16,000 crore orders for IL&FS Engineering by 2014.”

He said that IL&FS Engineering has received INR 3,000 crore orders from Saudi Arabia and INR 2,500 crore from the domestic market.

He said that "We have received good work orders from both domestic as well as overseas markets and have already started work on the projects" adding most building blocks for the company's growth are in place.

The company now plans to focus more on three verticals power, maritime and oil and gas. Earlier, it was focusing on roads, buildings and irrigation.

He said that "Our focus will now be more on the three verticals power, maritime and oil and gas."

(Sourced from Economic times)