Doshion targets Rs 1,000 cr revenues, open to PE investment
Gujarat-based water management firm Doshion Ltd is aiming at a revenue of Rs 1,000 crore by 2010-11, driven by a high demand from the infrastructure sector.
By PTI |
MUMBAI: Gujarat-based water management firm Doshion Ltd is aiming at a revenue of Rs 1,000 crore by 2010-11, driven by a high demand from the infrastructure sector.
The Rs 300-crore company recently tied up with Veolia Water Solutions & Technology, France, to scout for large opportunities in India and the South East Asian Markets.
"With our strength in the domestic market and the joint venture, revenues of Rs 1,000 crore is possible by 2010-11," Doshion Managing Director Ashit Doshi told PTI.
"We see large opportunities in the engineering, procurement and construction (EPC) sector and also a good demand for effluent treatment plants and process industries."
The company may also look at private equity (PE) placement to meet its fund requirements. Infrastrucutre major IDFC Ltd is already a PE investor in the company.
"As we try to acquire more Built Operate Own and Transfer (BOOT) projects, we will require funds. Though as of now, we do not require it, we would look at PE when the opportunity emerges," Doshi said.
He did not rule out the possibility of tapping the capital market with an initial public offer in the medium term of 3-4 years.
"The time today is good but we wish to make it a great global company when we look at raising funds from the market. Down the line, there would be an IPO," he said.
The Rs 300-crore company recently tied up with Veolia Water Solutions & Technology, France, to scout for large opportunities in India and the South East Asian Markets.
"With our strength in the domestic market and the joint venture, revenues of Rs 1,000 crore is possible by 2010-11," Doshion Managing Director Ashit Doshi told PTI.
"We see large opportunities in the engineering, procurement and construction (EPC) sector and also a good demand for effluent treatment plants and process industries."
The company may also look at private equity (PE) placement to meet its fund requirements. Infrastrucutre major IDFC Ltd is already a PE investor in the company.
"As we try to acquire more Built Operate Own and Transfer (BOOT) projects, we will require funds. Though as of now, we do not require it, we would look at PE when the opportunity emerges," Doshi said.
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He did not rule out the possibility of tapping the capital market with an initial public offer in the medium term of 3-4 years.
"The time today is good but we wish to make it a great global company when we look at raising funds from the market. Down the line, there would be an IPO," he said.
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