AP Verma, director of finance, Kalindee Rail Nirman in an intervew to CNBC-TV18 said the company's current order book stands at about Rs 600 crore. The company has submitted lot of bids for projects which.....
AP Verma, director of finance, Kalindee Rail Nirman in an intervew to CNBC-TV18 said the company's current order book stands at about Rs 600 crore. The company has submitted lot of bids for projects which offer good value and is awaiting results.
Below is the edited transcript of Verma’s interview with CNBC-TV18. Also watch the accompanying video.
Q: Could you give us an update on the order book of the company? What are you forecasting by way of bidding currently?
A: Work hand as on today is about Rs 600 crore. We have already submitted lot of bids and some have very good value but results will be declared during this quarter. Even with Rail Vikas Nigam Limited (RVNL) we have submitted bids for about Rs 1,000 crore plus and some private selling projects. We are hopeful to get some orders but as on today I won’t be able to say how much we will get.
Q: What does your current order book stand at and how much are you executing from that?
A: The current order book which we are executing is about Rs 600 crore this includes one overseas project of Bangladesh.
Q: Could you give us more details about the overseas projects? Whether you would be looking at more projects overseas as well in terms of bidding?
A: Yes. This overseas project is in Bangladesh. It is about USD 15 million and we are in position to submit some other bids.
Q: What are the margins you enjoy in the domestic market vis-à-vis what you have in Bangladesh right now?
A: It will be in the same range because this is our first experience as far as going overseas is concerned so this project will have good exposure.
Q: Give us a sense of what margins you are working with? Is it double digit, is it single digit? Just give us a sense of that.
A: It is double digit.
Q: The last time also you indicated that you have submitted many of these bids. Is there any kind of slowdown with respect to decision making and are you confident that you will be meeting that 30-40% revenue growth that you had earlier indicated to us?
A: I can’t say slowdown but decision making process is not so fast.This year will end shortly so we are expecting something in this quarter .
....back
AP Verma, director of finance, Kalindee Rail Nirman in an intervew to CNBC-TV18 said the company's current order book stands at about Rs 600 crore. The company has submitted lot of bids for projects which offer good value and is awaiting results.
Below is the edited transcript of Verma’s interview with CNBC-TV18. Also watch the accompanying video.
Q: Could you give us an update on the order book of the company? What are you forecasting by way of bidding currently?
A: Work hand as on today is about Rs 600 crore. We have already submitted lot of bids and some have very good value but results will be declared during this quarter. Even with Rail Vikas Nigam Limited (RVNL) we have submitted bids for about Rs 1,000 crore plus and some private selling projects. We are hopeful to get some orders but as on today I won’t be able to say how much we will get.
Q: What does your current order book stand at and how much are you executing from that?
A: The current order book which we are executing is about Rs 600 crore this includes one overseas project of Bangladesh.
Q: Could you give us more details about the overseas projects? Whether you would be looking at more projects overseas as well in terms of bidding?
A: Yes. This overseas project is in Bangladesh. It is about USD 15 million and we are in position to submit some other bids.
Q: What are the margins you enjoy in the domestic market vis-à-vis what you have in Bangladesh right now?
A: It will be in the same range because this is our first experience as far as going overseas is concerned so this project will have good exposure.
Q: Give us a sense of what margins you are working with? Is it double digit, is it single digit? Just give us a sense of that.
A: It is double digit.
Q: The last time also you indicated that you have submitted many of these bids. Is there any kind of slowdown with respect to decision making and are you confident that you will be meeting that 30-40% revenue growth that you had earlier indicated to us?
A: I can’t say slowdown but decision making process is not so fast.This year will end shortly so we are expecting something in this quarter .
....back