The closely held Chennai based company has bagged tenders worth ₹250 crore for providing lifts and escalators for multiple phases of the Mumbai Metro project, which is currently under construction. Johnson Lifts, India’s largest elevator and escalator maker, is eyeing government projects including metro projects and modernisation of railway stations to maintain growth amid continuing slowdown in the real estate sector as it aims to double its sales by 2025.
The closely held Chennai based company has bagged tenders worth ₹250 crore for providing lifts and escalators for multiple phases of the Mumbai Metro project, which is currently under construction. It has also won orders totalling ₹120 crore for modernisation of railway stations falling under Western and Central Railways that came under the government’s scrutiny after the Elphinstone Road railway station stampede in 2017 that killed over 25 commuters. “Over the last couple of years, the builder segment in residential real estate has seen subdued demand with few takers for projects, but there has been a significant growth in opportunities due to major urban infrastructure programmes,” Yohan K John, director, Johnson Lifts told ET. He said the company is also seeing incremental demand from tier-2 and -3 cites, which it is leveraging to tide over the ongoing patch of stagnation in the housing sector.
