In an interview with CNBC-TV18, Arvind Gemini, Director, Kalindee Rail Nirman, spoke about the latest happenings in his company and sector.
In an interview with CNBC-TV18, Arvind Gemini, Director, Kalindee Rail Nirman , spoke about the latest happenings in his company and sector.
Below is a verbatim transcript of his interview with CNBC-TV18's Reema Tendulkar and Ekta Batra. Also watch the accompanying video.
Q: Could you tell us more about your order book? Have you all been bidding for some orders which might culminate soon because we are picking up that in December and even in January, Rail Vikas Nigam is going to be opening up some bids?
A: Already, we have made certain bids in the past and the results are yet to come. There are many more tenders which are due at the end of this month and next month.
Q: Could you give us what is the size of the orders which you all will tender for and you already have?
A: Presently, we are already having Rs 500 crore plus. We have already done the bidding for railways, non railways, all put together around Rs 1,500 crore. The results we expect will be somewhere maybe before March or it may go up to June also.
Q: Could you tell us what your current order book is and what is currently under execution as well?
A: The current order book is Rs 500 crore plus.
Q: In FY11, you are bidding for around Rs 1,500 crore in terms of orders, what do you think you can possibly close the year by?
A: This figure is difficult to tell right now, but definitely we will be improving this year.
Q: Any sort of FY11 revenue targets you are working with then, you did around Rs 160 crore on a consolidated basis?
A: This year it will be Rs 250 crore
Q: Would it be closer to the Rs 300 crore mark?
A: It may touch that also.
Q: Are you bidding for projects in Bangladesh?
A: Bangladesh, we have already done two bids. One is an international company and the second bid we have done on our own, but the results are yet to come.
Q: You don’t have much of presence in the export markets; can you tell us what the plan is because you have begun bidding in Bangladesh, how much of an exposure would you like coming in from the export markets and how aggressive do you to be?
A: We are hopeful this year that 2011 there will be definitely some results in the overseas market. But I can tell you only once the results come.
Kalindee Rail stock price
On May 27, 2015, Kalindee Rail Nirman (Engineers) closed at Rs 119.40, down Rs 1.5, or 1.24 percent. The 52-week high of the share was Rs 172.00 and the 52-week low was Rs 83.50.
The latest book value of the company is Rs 98.44 per share. At current value, the price-to-book value of the company was 1.21.
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