In an interview to CNBC-TV18, Madhav Nadkarni, chief financial officer of Unity Infra Projects spoke about the latest happenings in his company and the road ahead.
Below is the edited transcript of the interview. Also watch the accompanying video. Q: Last time you indicated that you were L1 bidder for orders which were worth about Rs 1500 crore and you were expecting to receive the Letter of Intent (LoI) from the government. Has there been a significant slowdown in the allotment by the government? A: Yes. In fact almost two and half months back the decisions of the tenders were open and we were L1 bidder for two major projects amounting to Rs 1100 crore. And we are waiting. Normally, the central government issues LoI within one and half-two months. But because of the present situation and environment it is taking substantial time. Q: Give us a sense of your current order book which you are executing and what is the on ground reality? What challenges are you facing in terms of execution? A: At present, order book is almost Rs 3800 crore, 54% is coming from the building segment and 30% from water and balance from transportation. As far as challenges are concerned, execution is fine but getting certification from government delays the process. Previously when you used to submit the bill, youDiscover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!
