Transrail sticks to 20-22% annual growth guidance despite macro headwinds, tepid Q1: CEO Narang
MUMBAI, Sept. 21 -- Transrail Lighting Ltd, a transmission and distribution (T&D) engineering, procurement and construction (EPC) company, expects to maintain its annual revenue growth guidance of 20-22% even after a tepid first quarter as geopolitical tensions in West Asia disrupted supply chains and put pressure on margins.
The company expects to make up for the slower start over the coming quarters, chief executive officer Randeep Narang said in an interview with Mint.
"We are going to catch up on this and maintain a 20% guidance. There is an upside - we may do more, but 20-22% is what we are wanting to achieve," he said.
The confidence comes as India enters a strong power transmission investment cycle, driven by rising electricity ...
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