10975 Investors following EngineersInd. Share this News with them.
0
Like this story, share it with millions of investors on M3
EIL eyes water, waste water management as high growth areas
The follow-on public offer of Engineers India has been subscribed 0.51 times till day two. The issue, which has a price band of Rs 270-290 per share, will remain open for subscription till July 30.
Q: Equity stakes in what, existing listed companies in the city gas area, existing power projects which are gas based? Do you have a blue print of how this equity participation might come about?
A: As we said being into the RHP right now, as per the regulation, I can not disclose into what is the futuristic, but I can say that the areas that we will be looking at city gas distribution. As you know gas map is going to be on a pan India basis in next maybe five-ten years time. A lot of cities are going to be into the gas map, the city gas distribution. So, we intent to join hands with the existing players in coming up projects or we take up projects of your own.
Q: There has been some pressure in the past few quarters on companies such as yours on the margin front, you are confident that EIL can hold this blended margin rate of 25%?
A: You have seen in the last four-five years as what we have been growing, our margins in the consultancy are ranging in the range of 30-40%. Our LST margins are also in line with the industry practices. So we intent to continue with the same kind and we hope and we are confident that we will be able to maintain these kinds of margins.
