Mar 18, 2009, 05.13 PM IST

ICSA bags Rs 464cr order from 3 state electricity boards

ICSA India has bagged order worth Rs 464 crore from various state electricity boards. G Bala Reddy CMD of ICSA said the company has won orders from Bihar, Maharashtra and Madhya Pradesh state electricity boards. �With this order, we have about Rs 2,200 crore as total order book position of the company and we are looking at around 15% margins."

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ICSA India has bagged order worth Rs 464 crore from various state electricity boards.

Commenting on the same, G Bala Reddy CMD of ICSA said the company has won order from three state electricity boards � Bihar, Maharashtra and Madhya Pradesh state electricity boards.

With this order, total order book position of the comapny has gone up to Rs 2,200 crore, he said adding " we are looking for decent margins in these kinds of business.�

Also Read: ICSA Q3 standalone net profit was at Rs 45.22 cr

Here is a verbatim transcript of the exclusive interview with G Bala Reddy on CNBC-TV18. Also watch the accompanying video.

Q: What exactly is this Rs 464 crore order? What is the span of time, from where is it and what do you make out of it?

A: This is from three state electricity boards. One is Bihar State Electricity Board, which has given us Rs 254 crore. This is given by Rajiv Gandhi Grameen Vidyutikaran for electrification and infrastructure in the distribution segment.

The other one is Mahavitaran, which is the Maharashtra State Electricity Distribution Company, which has given about Rs 170 crore.

The third one is Madhya Pradesh Poorva Kshetra Vidyut Vitran, which has given about Rs 40 crore. Therefore all put together it is about Rs 464 crore.

The Mahadiscom�s, Maharashtra�s execution period is about 24 months. The period of execution for Bihar and MP is about 18 months. With this we have about Rs 2,200 crore as on today as total order book position of the company. We are looking for decent margins in these kinds of business.

Q: What kind of margins are you looking at?

A: It varies from state to state. We are looking at probably around 15% on average.

Q: Out of the Rs 2,200 crore order book, how much would that translate into revenues for Q4 and also for FY10?

A: I think it is a little bit premature for me to quote the number. But the company is pretty well positioned since the last three quarters and also in the last financial year.