Walchandnagar Industries current orderbook stands around Rs 1,000 crore, from which it expects revenue of Rs 600 crore in FY17 and a profit before tax of Rs 60 crore. The company will focus on defence and aerospace going forward and sees these sectors along with missiles contributing 65% to its FY17 revenue. The company expects a growth of 20-25 percent in its operating profits for FY17.
Walchandnagar Industries is diversified as a high-tech heavy engineering company, manufacturing critical equipment for India’s diverse requirements in the field of defence, nuclear power and space programmes, and also for core sectors like cement plant machinery, steam generation and power projects, sugar plant machinery, industrial and marine gearboxes.
