IL&FS Engg eyes orders worth Rs 16,000cr by 2014

Infrastructure Leasing & Financial Services (IL&FS) and Saudi Bin Laden Group (SBG) expect Rs 16,000-crore worth of orders for IL&FS Engineering by 2014. IL&FS Engineering, created by both the groups -- Saudi Bin Laden Group and IL&FS, works on a host of projects in both domestic and international markets. IL&FS Engineering has received a Rs 3,000-crore order from Saudi Arabia and a Rs 2,500-crore from the domestic market. The company now plans to focus more on three verticals -- power, maritime and oil and gas. crackcrack