GRT India looks at Rs 1,500 crore revenue in next 3 years
Riding high on the government’s emphasis on creating infrastructure, road development solutions provider Global Road Technology (GRT) India is eyeing Rs 1,500 crore revenue in the next three years, a senior company official said.
“The government has laid emphasis on creating road infrastructure. We have the necessary technology and products to help build stronger, longer lasting roads in India. This is a huge opportunity for us and we are confident of clocking nearly Rs 1,500 crore revenue over the next three years,” GRT Chief Executive Officer Ben James told PTI here.
The Australia-based company, which specialises in polymer soil stabilisation for new generation road construction, will be investing around Rs 100 crore over the period for procuring road construction equipment.
He said states like Maharashtra and Madhya Pradesh are strengthening road infrastructure, which is a huge opportunity for the company to offer its polymer solutions.
“Apart from Maharashtra and Madhya Pradesh, we are also looking at expanding operations in Rajasthan. We already have Rs 250 crore worth of projects in hand from private and public sectors and we expect to bag some more in coming months.”
The company has spent up to Rs 36 crore to procure cold recycling equipment from Wirtgen Germany’s subsidiary Wirtgen India to carry out new-generation road works.
“We have spent up to Rs 36 crore to purchase machines like Wirtgen WR240 road stabilisers, streaumaster automated spreaders and 20-MT and 10-MT pad foot rollers. These machines are capable of developing nearly 200 km of road network every year. We will be procuring such machines in future as well, as we expand our operations to other regions. We may spend around Rs 100 crore over the next 2-3 years for procuring them,” James said.
GRT’s polymer dust suppression and road stabilisation technology are able to create instant highway infrastructure, saving time, money and resources, he added.