Kamdhenu expects 20% revenue growth this fiscal

Expecting higher sales on a spurt in steel demand, Kamdhenu Ispat today said it is looking at an over 20 per cent growth in its revenue at around Rs 1,100 crore in the current fiscal.
The company, which has interests in steel and paints, had in 2013-14 clocked Rs 921 crore revenue, with steel business contributing around Rs 793 crore and the remaining coming from the paints division.
"The demand for both steel and paints is likely to go up in the current fiscal with the new government at the Centre is expected to push spending on infrastructure. We are expecting 20 per cent growth in topline this fiscal," said Satish Agarwal, CMD, Kamdhenu Ispat.

The steel business, in which it mainly produces TMT bars for use in the construction sector, is expected to grow by 20 per cent, he said, adding that paints division is likely to see around 30 per cent growth in the current fiscal.
"We are strategically moving ahead in the decorative segment of paint market across the country, and now we have grabbed substantial market share quite successfully," he said.
Kamdhenu Ispat mainly operates through "franchise" model for its steel business in association with various manufacturing plants spread across the country.