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Construction : Cover Story | September 2018 | Source : CW-India

IRON TRIANGLE

Order book:Rs.32 billion
Employee strength: 1,325


Established in 1991 and based in Ahmedabad, Iron Triangle (formerly known as Backbone Enterprises) provides infrastructure development services in India. The company engages in the construction of highways, bituminous roads, concrete roads and bridges, dams and canals, residential and commercial buildings, and other civil engineering projects. It serves the Centre and state governments as well as the private sector. Riding on the outer edge and by virtue of an independent yet economically resilient approach to provide end-to-end solutions, Backbone Enterprises is all set to scale the international infrastructure canvas soon! Financially, after some consolidation from FY2014 to FY2016, the company has managed to showcase good growth in FY2017 as well as FY2018. In FY2018, it posted a top-line of Rs 8.17 billion (FY2017: Rs 5.33 billion) and its PAT doubled to Rs 420 million (FY2017: Rs 205 million).

 
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