Schwing Stetter draws up ₹400 cr expansion, targets ₹5000 cr plus topline in 2023

SSI’s revenue dropped from ₹2,050 crore in 2018 to ₹1,700 crore plus in 2019 and ₹1,500 crore plus in 2020 as a result of a halt in construction activities due to the pandemic. But it bounced back strongly in 2021 and revenue grew better than pre-Covid level to ₹2,552 crore.

The current calendar year has also started on a positive note for the company as it has clocked revenue of about ₹2,200 crore (January-May 2023).

For a self-loading mixer, its earlier peak sales were at 600 units. But, in this calendar year, it has already touched 450 units as of now. Exports also picked up well for the company with the entry into newer markets. It clocked exports of ₹150 crore in 2022. But this year, export orders have already touched ₹150 crore. “At this growth rate, we are confident of achieving more than ₹5,000 crore revenue for 2023,” he said.

Sakthikumar asserted that the Central Government’s proposed massive outlay of $2 trillion investments in infrastructure development would have a positive impact on nine segments. “Going forward, there will be demand for our type of machines from every sector