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, besides planning to make it a world-class company.
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.
"We aim to make IL&FS Engineering a world-class company. We expect at least Rs 16,000-crore orders for IL&FS Engineering by 2014," IL&FS Financial Services' Deputy Managing Director, Milind Patel, told PTI here.
IL&FS Engineering has received a Rs 3,000-crore order from Saudi Arabia and a Rs 2,500-crore from the domestic market, he said, without giving details.
"We have received good work orders from both domestic as well as overseas markets and have already started work on the projects," he said, adding, most building blocks for the company's growth are in place.
The company now plans to focus more on three verticals -- power, maritime and oil and gas. Earlier, it was focusing on roads, buildings and irrigation.
"Our focus will now be more on the three verticals -- power, maritime and oil and gas," he said.
Senior officials from both SBG and IL&FS recently met in Dubai to discuss issues related to infrastructure development in the region, education and environment management services in Saudi Arabia, he said.
