In an interview to CNBC-TV18, Parag Parikh, ED & CFO, Gammon Infrastructure spoke about the new projects of the company and how their execution has increased the debt levels.
Parag Parikh, ED, Gammon Infrastructure, says that the first quarter results of the company has been over and above the top-line and includes Mumbai-Nashik-Vizag assets.
Gammon Infrastructure bagged order worth Rs 871 crore for four laning of Sidhi - Singrauli stretch from Madhya Pradesh Road Development Corporation on BOT basis.
Infrastructure company heads tell CNBC-TV18 that the biggest beneft of RBI’s decision to cut CRR will be far easier access to banking funds.
Five of our assets, four of road and one of port, will start generating revenues over the next five quarters, says Parag Parikh, chief financial officer of Gammon Infrastructure.
While high interest cost has hit bottomline for Gammon Infrastructure, there is a Rs 9.5 crore sitting under 'exceptional item' on the company’s Profit and Loss (P&L) statement. Parag Parikh, executive director and chief financial officer of the company tells CNBC-TV18 that the sum is with respect to accounting changes undertaken by the company.
In May this year, Gammon Infrastructure had announced plans to raise close to Rs 200 crore from a rights issue. Chief financial officer of the company, Parag Parikh tells CNBC-TV18 that they plan to completely retire the debt of the company through this issue.
Parag Parikh, director and chief financial officer of Gammon Infrastructure and Arun Maira, member of the Planning Commission join CNBC-TV18 to debate the new Land Acquisition and Rehabilitation Bill.
Gammon Infra expects average toll collections from Mumbai-Nashik toll road from Rs 16.75 lakhs a day to over Rs 30 lakhs a day.
The infrastructure space is in the news today with talk about new orders being handed out by NHAI this week. The projects are valued at more than Rs 3,500 crore, says Parag Parikh, CFO, Gammon Infrastructure.
Parag Parikh, chief financial officer of Gammon Infrastructure said that he expects the growth in cash profit to continue going forward.