An order worth Rs 200 crore in the month of October has taken the total order book of Mcnally Bharat to Rs 1,000 crore, says Deepak Khaitan, chairman of the company. “We are looking at a topline of Rs 2,200 crore for Mcnally independently,” he said. However, he adds that next year looks tight due to delayed projects.
As on October 1st, the company’s order book stood at Rs 3,500 crore. The company was initially targetting Rs 4,000-4,500 crore order books for this year. “Through cost control and better negotiation we are trying to increase our margins, but we are not taking any order at lower margins,” added Patel.
Midcap Radar
Below is an edited transcript of his interview with Latha Venkatesh and Gautam Broker. Also watch the accompanying video.
Q: We understand that you have won a bunch of orders in the month of October. Can you take us through what is the total quantum of orders won in this quarter and where does it take your total order book to?
A: Mcnally has booked an order worth about Rs 200 crore in October. This takes our total order booking for this year to about Rs 1000 crore. Our order book as of 1st October is about Rs 3,500 crore.
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