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IVRCL likely to bag orders worth Rs 1000cr
CNBC-TV18 has learnt that IVRCL is likely to bag orders worth almost Rs 1000 crore from three State governments, Karnataka, Kerala and Rajasthan. CNBC-TV18 finds out the details of the deals and how this will affect the company's financials.
CNBC-TV18 has learnt that IVRCL is likely to bag orders worth almost Rs 1000 crore from three State governments, Karnataka, Kerala and Rajasthan. CNBC-TV18 finds out the details of the deals and how this will affect the company's financials.
The orders are said to be for the construction of water transmission lines & water treatment plants and is to be executed in 1.5 to 2 years.
Now the company's current order book is seen at Rs 7000 crore - 7500 crore and this deal is estimated to boost it to Rs 8000 crore - Rs 8500 crore.
Analysts say, post order book will be 5x FY06 sales. They further say that these orders will boost the company's earnings visibility. For FY08, they expect an EPS of Rs 18 for the company and a possible addition of Rs 4-4.50 due to current order.
CNBC-TV18 Disclaimer: This information has not been provided to the stock exchanges, and is source-based.
The orders are said to be for the construction of water transmission lines & water treatment plants and is to be executed in 1.5 to 2 years. 
