We will be able to cross Rs 450 crore of revenue in scaffoldings division, said Sharad Saraf, Chief Managing Director, Technocraft Industries (India).

Speaking to CNBC-TV18, he said 27% growth may not be sustainable in FY19. I would put it between 15% and 20%.

Saraf said scaffoldings division will be able to grow by 33% in FY19.

I expect big turnaround in the fabric division. However, there was a huge amount of depreciation due to expansion in fabric division, Saraf added.

"The new expansion that has been done, will start giving results in this year. A lot of equipment has already started and we have already booked good quantity of orders," he further mentioned.

He said the company is taking up a mega textile project in Amravati, Maharashtra.

I expect both textile and scaffoldings business to double in FY20, he added.