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NEW DELHI: State-owned Ircon International is looking to expand its footprint in Malaysia and Bangladesh and eyeing a revenue growth of 30%, its chairman, SK Chaudhary said, according to a report published on the Economic Times.
The engineering and construction companyNSE -0.39 % under the railway ministry recently bagged a project for upgradation of railways in Sri Lanka, and is expecting railway projects to materialise in Bangladesh and Malaysia.
Chaudhary said he expects Ircon to bag new projects in these three countries, which along with the ongoing rail projects in Bangladesh and Myanmar, could boost revenue growth to 30% year-on-year.
The company had registered 20% growth in revenue in 2018-19.
In Malaysia, the company is close to finalising a rail project while a railways and roads project is also coming up in Sri Lanka, Singh said.
The company expects to gain from the renewed infrastructure push of the new government.