Everest Industries eye Rs 500 crore sales from pre-engineered buildings business this fiscal

MUMBAI: With India’s thrust on manufacturing and growth in e-commerce segment, Everest Industries is eyeing Rs 500-crore revenue from its pre-engineered buildings (PEB) business this fiscal. “The ‘Make in India’ programme is set to give a boost to the manufacturing sector. With the growth in the e-commerce segment, the demand for logistic infrastructure like warehousing will also rise, which is a huge opportunity for our PEB business,” Everest Steel Building Solutions resident and CEO Manish Garg told PTI. Besides, demand for PEBs is also expected to see a rise from industries sector, especially auto and electronics. Also, there is a potential scope in setting up of schools, hospitals, educational institutions and exhibition centres among others, he added. The company, which is engaged in two businesses — building products and PEBs — had clocked Rs 1,230 crore revenue in the last fiscal, with the steel buildings division contributing nearly Rs 340 crore.