Wednesday, 25 January 2017

HGEL showed a phenomenal growth of over 80 percent per year over the last three years

Mumbai based Infrastructure and Consulting firm High Ground Enterprises Limited #HGEL has built up a strong portfolio of projects in a very short span of time.

The company has shown an accelerated growth of 80 percent year on year in the last three years and posted revenues of Rs 248 croresand gross profits of Rs. 21.5 crore in 2015-16.

Not only this, the company has been rewarding its shareholders with dividends consecutively for last three years and they are confident to follow the same for the fourth year as well.

"Over the last few years, we have tried to position ourselves in the segment of infra-structure quite successfully. In a limited time frame, we have managed to build a reasonable track record for ourselves and that is something we would like to strengthen further in future. Infact, we are gearing up to take the company to its next growth level." Sandeep R. Arora, Chairman & Managing Director, HGEL, said in a statement.

The company has its footprints spread across India with technical collaboration and clientele overseas.

Manish Mehrotra CEO - EPCM Div, HGEL, stated," We have been aggressively ramping up our expertise and capabilities to enlarge ourportfolios in the infrastructure sector. Now, we are also getting ready to bid for large government projects directly."

HGEL aims to attain a revenue of Rs. 1000 crore in the next two-three years.

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