A: We have already appointed Anand Rathi and they are working on it as per the necessary Securities and Exchange Board of India (SEBI) guidelines. We propose to do it within next few months.
Q: What is going on with defence segment in your company? I believe you have bagged some orders to supply armoured vehicles to Ukraine. How much of an order book do you have there?
A: The total cost of this deal will be around Rs 550 crore and for that we have memorandum of understanding (MoU) with Ukrainian company and in addition to this we also have MoUs with two other companies where this technical textile multi spectrum camouflage net (MSCN) for which tender is approximately Rs 200 crore. There is Adcom Military Industries at UAE. The tender is around Rs 500 crore and this is also for armour vehicles. We have already dispatched two armoured vehicles to UAE for the trail of the UAE army.
Q: On the basis of the order book you have on the defence side and the textile side, what do you think you will do in sales in FY11, the next financial year?
A: In next financial we hope to cross Rs 400 crore on technical textile and defence side of business. Currently, it's around Rs 250 crore. In the next one year we hope to cross it by Rs 400 crore. In next three years we hope that the tenders and orders in hand are worth Rs 5000 crore. We hope that at least 50% will be matured in our favour.
