Business OpportunitiesEverest in talks with Zydus, Adani for pre-engineered buildings
Holds an order book of 10-12 crore from Gujarat
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Having ventured in multi-storeyed pre-engineered buildings (PEB), Bangalore-based Everest Industries Limited is now hoping to earn 50 per cent from the segment in the near future. The company is also in talks with Ahmedabad-based companies like Zydus Cadila and Adani Enterprises for multi-storeyed PEB.
"Multi-storeyed PEBs are the next big thing. While earlier we were only into large box like structures for PEBs, now we are venturing into multi-storeyed PEBs through our Everest Smart Steel Technology, a steel building solution aimed at constructing multi-storeyed buildings like commercial complexes, and high rises, among other things. We have order books from Zydus and Adani from Ahmedabad and we are looking at increasing our business in this segment in various states including Gujarat," said Manish Garg, President - Steel Buildings, Everest Pre Engineered Steel Buildings.
In the multi-storeyed segment, while the company has already executed projects worth Rs 25 crore in Gujarat in a short time, it has order books worth Rs 10-12 crore in the state, out of its total order book of Rs 72 crore. In order to focus more on the multi-storeyed PEB segment, Everest Industries is also planning to expand its Rourkee plant which currently holds a capacity of 60,000 metric tonnes per annum, said Garg.
Talking further about the segment, Garg said, "While 85 per cent of large single structure PEB"s application is in industries, it is now that people are waking up to the idea of multi-storeyed PEBs. It is now replacing the conventional RCC framed structure in the industry since it reduces construction and establishment time by 50 per cent. Moreover, it is 4-5 times more earthquake resistant."
According to Garg, currently the Rs 2,500 crore organised PEB sector has few players in the country including Everest, Tata Bluescope Steel, and Kirby, among others.
Having pegged a turnover of Rs 93 crore in the financial year 2008-09, Everest Industries Limited is looking at a growth of 55 per cent in the PEB business.