 Cons Const sees FY09 revs at Rs 1,700-1,800 crPublished on Mon, Oct 15, 2007 at 16:16 | Source : Moneycontrol.com Updated at Tue, Oct 16, 2007 at 09:30 1708 Investors following Consolidated Const. Share this News with them.
R Sarabeswar , Chairman and CEO of Consolidated Construction Consortium , said they will execute an order book of Rs 2,070 crore in 15 months. 85% of the orders are covered by escalation clauses. He sees FY09 revenues at Rs 1,700-1,800 crore. About 12% of the orders are seen coming from the government next year. The company has no plans to foray into real estate as of now. Excerpts from CNBC-TV18's exclusive interview with R Sarabeswar: Q: Tell us about your order book and what you could do in terms of sales and profits in FY09? A: Our present order book is around Rs 2,070 crore as of July. Q: What period will this order book be executed in and what part of this is going to be on a fixed price basis?
A: We will be in a position to handle this in 15 months. Off this Rs 2,070 crore, at least 83% of the contract is covered under escalation, only 15% is not covered under escalation.
Q: How much of it would continue to come from the southern parts of the country versus the upper half? A: At present, there is an IT and automobile boom in the south. Our order book position in the south is high but we expect more from the north. We have a very strong base in the north. Our future strategy will be to focus more on the north, especially on industry buildings there. Q: The stock has had a very strong debut. What are your revenue growth and profit targets? A: We are growing at 65%. Growth is not an issue as we are in a growing sector and that will be maintained very easily. Q: For FY09, we estimate that you could do something like Rs 1,700-1,800 crore in sales. Is that possible? A: We are confident to reach that position.
Q: How much of your total revenues would come from the government sector next year? A: Our present order book position is around 12%. We will maintain the same for next year. We are doing airports in Trichy, Trivandrum, and Bangalore for the government. It is the only area where we are concentrating on and it already consists of around 12% of revenue. Q: Who is your key competitor in the southern region right now? A: In this building and factory sector, our competitors are Larsen & Toubro, ECC, and local players depending upon the location. Q: Do you have any major plans to foray into real estate like some of your peers? A: There are no plans as of now. We are a very strong engineering, construction player. Our focus will be on engineering and construction works and not on the real estate business.
PREVIOUS STORY Trending NewsBusiness News
|
News Telecom Minister Policy Changes Will Always Be Taken To Cabinet In Future  The latest earning numbers FIRST on CNBC-TV18
Videos
Interviews
 May 31 2012, 11:18 | Source: CNBC-TV18  May 31 2012, 10:31 | Source: CNBC-TV18  Subscribe to Moneycontrol Newsletters |
|||||||
Consolidated Construction Consortium
