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ARSS Infra sees revenues doubling in FY10
Orissa-based construction firm ARSS Infrastructure Projects, which listed last week, expects to add Rs 7-10 billion in orders by March-end, a top official said on Friday. The company expects revenues to nearly double to Rs 11-12 billion in FY10.
Orissa-based construction firm ARSS Infrastructure Projects , which listed last week, expects to add Rs 7-10 billion in orders by March-end, a top official said on Friday.
These orders will be in addition to the Rs 35 billion worth of order book the company already has, its Chief Executive Sunil Agarwal told Reuters over phone.
"That (the Rs 7-10 billion order) is from railways and road projects," he said, adding it would come from various state governments and National Highways Authority of India (NHAI).
The company expects revenues to nearly double to Rs 11-12 billion in FY10 and sees net profit of around 9-10% of the total revenues, he added.
ARSS Infrastructure logged FY09 revenues of Rs 6.3 billion, according to its Initial Public Offering (IPO) papers filed with the market regulator prior to listing.
