IL&FS Engineering to focus on debt reduction, group synergy

As India’s infrastructure sector once again looks to depend on the engineering, procurement and construction (EPC) model, Mumbai-based IL&FS Engineering and Construction Ltd (IECCL) is also attempting its own turnaround story.

The EPC major now plans to focus more on captive orders, develop an international portfolio and streamline operations in the next 12 months. In October 2016, the company appointed Mukund Sapre, an old hand in the IL&FS group, as managing director. 

Sapre, who has been associated with the group since 1992, says a key focus area would be to increase synergy with the group infrastructure developer company,