Manish Mohnot, executive director, Kalpataru Power Transmission (KPTL), says that the company has bagged orders of around Rs 1800 crore on a consolidated basis. He is of the view that on an annualised basis, KPTL is projected to grow at 12-15 percent and its subsidiary, JMC will see a growth of 20-25 percent.
"Our current order book on a consolidated basis is closer to Rs 12,000 crore, which gives us clarity for closer to two years of revenue," says Mohnot.
Below is the edited transcript of his interview to CNBC-TV18.
Q: Can you brief us about the order of Rs 1800 crore which you bagged for the transmission line and construction work. When will execution begin on these orders and how do the margins looks?
A: On a consolidated basis, Kalpataru bagged orders closer to Rs 1,800 crore, out of which Kalpataru Power Transmission (KPTL) bagged order worth Rs 800 crore, and the balance order is bagged by the subsidiary JMC Projects.
The entire Rs 800-crore order is from the international market with a significant portion coming from Bhutan and Tajikistan. We have also bagged an order from Oil and Natural Gas Corporation (ONGC), which is related to pipeline replacement. JMC Projects has bagged order for road side in Ethiopia of value around Rs 340 crore.
Apart from this, we have bagged 3-4 small orders from different parts of the country which mainly focuses on factories and buildings.
Q: How will this feature in your revenue line? What kind of a quarterly revenue run rate can you maintain? In the last quarter the company did around Rs 900 crore in top-line. What are you looking at in FY14?
A: For this quarter on an annualized basis, we projected that KPTL will grow at 12-15 percent and JMC will grow at 20-25 percent. Revenue from these orders will reflect next year and not in the current year. We expect to continue with similar kind of growth, with a 20 percent consolidated growth next year.
Q: Do you expect to win more orders going forward? Currently, how much are you bidding and what could we hear possibly end of FY13 as well as going into the first half of FY14?
A: Our current order book on a consolidated basis is closer to Rs 12,000 crore, which gives us clarity for closer to two years of revenue. Kalpataru has bid for projects in excess of Rs 5000 crore and our subsidy JMC bid for order above Rs 1500 crore. The success factor will only be known once tenders open up.