PTI reported that despite the current slowdown in the infrastructure space, Pratibha Industries is bullish on its growth prospects and is eyeing a 25% YoY growth in its order book.

Mr Yogen Lal group director of Pratibha Industries told PTI that "There is a wide scope of growth in the infrastructure and construction sector given the state of development in the pipeline. It is a natural growth story for us and we are well placed to capitalize on the infrastructure boom that's on the way."

He said the company will continue to maintain a 25% YoY growth in its order book. The government has set a target of investing a staggering USD 1 trillion in key infra areas like roads, highways, ports and airports over the next five years beginning next fiscal.

Mr Lal said that "There was some slowdown in the road sector in the recent past. But we feel the infrastructure sector will be a huge opportunity with significant investment. We see significant growth opportunities in all the three verticals over the period."

He said that apart from these three verticals, the company is also bidding for projects in the oil and gas sector. He added that "We want to get into newer verticals and newer geographies. We want to make a foray into the oil and gas segment as we see a huge growth opportunity there. We have put in a few bids in this sector as we have a strong mechanical division."

Currently, the city based company's order book stands at INR 5,335 crore of which 55% is contributed by its water management vertical, 32% by buildings and 13% by the urban infrastructure segment.

(Sourced from PTI)