Don't see stiff competition until inflation cools: ITNL

A lot of bidding companies in the infrastructure sector are facing intense competition in the last one year. K Ramchand, MD of ITNL tells CNBC-TV18 that however the competition is reducing in the space because of adverse condition like interest rates.

He added that, he doesn't see interest rates coming down soon. Issues like service tax and excise duty hike will have some negative impact on infrastructure companies, especially during the construction phase.

Below is the edited transcript of the interview on CNBC-TV18. Also watch the accompanying video.

Q: Are you noticing a pressure on margins because of intense competition building up in the space?

A: The beginning of this year has been good for us; we have won two bids; one in Himachal and other in Orissa, West Bengal. The intensity of the competition is reducing because all the adverse conditions like interest rates. Inflation still continues to hold and unless that starts reducing, I don