VD Mhaiskar, chairman and managing director, IRB Infra in an interview to CNBC-TV18 spoke about the latest happenings in the company and the way ahead.
Below is the edited transcript of the interview. Also watch the accompanying video. Q: Apparently the NHAI opened up Rs 10,000 crore worth of orders for bidding at the end of March. Can you take us through what the procedure and the timeline are for awarding of these contracts? What to the best of your knowledge is the kind of competition this time around? A: The competitive intensity in bidding for these projects has yet not come down. You are right that NHAI did award almost 1,000 plus kilometers of projects in the last week of March and we are yet to see the aggression level going down. We have observed that the number of bidders participating in these bids has gone down and that gives us hope that going forward the aggression level should come down. For this present FY13 they have already announced bids of more than 8,000 kilometers coming up and we would be looking at wining atleast 400-500 kilometers of projects within that. Q: What we picked up actually was that competitive intensity had come down pretty sharply and that three out of seven of those projects actually had less than five bidders. Are you saying that it is just the number of bidders that has gone down not really the pricing intensity? A: The projects which were the much sought after projects did see aggressive bidding and the projects which were not much sought after probably had lower number of participants. So it matters in what geography the project is and the number of bidders has come down but the aggression level I donDiscover 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!
