IVRCL, with the objective of de-risking the overall business, has forayed into new areas of business such as mining, railways and metro rail and is planning at increasing its business from overseas markets, as mentioned in a media report.
Hyderabad-based company’s growth in revenue for the extended financial year ended September 30 dropped by about 11 per cent on an annualized basis due to slow progress of some of the major projects.
IVRCL is engaged into engineering procurement and construction (EPC) activities in India. It conducts operations in 5 sectors namely Water and Environment, Transportation, Buildings, Power and Industrial Structures.
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