Dilip Buildcon targets Rs 5,500-6,000 cr in revenue in FY18

Dilip Buildcon targets a revenue of Rs 5,500-6,000 crore in FY18 and Rs 5,000 crore in this financial year says Rohan Suryavanshi, head-strategy and planning of Dilip Buildcon. The company has won orders of Rs 8,000 crore plus this year, which include Rs 3,000 crore in mining and expect a revenue of Rs 700-800 crore from mining project in next 3-4 years.

Speaking to CNBC-TV18, Suryavanshi said the company has completed a toll project in Madhya Pradesh 400 days ahead of scheduled completion and will get an early completion bonus of Rs 15.4 crore which it will get in the next few months. He adds that the company will get Rs 15 crore every year in the form of annuity and right to collect toll from the MP project.

He also said the company has acquired Bhavya Infra & Systems for Rs 64 lakh where they will putting up their central workshop.

The company reported strong earnings for Q3 FY17 with revenue increasing 41.9 percent at Rs 1,389 crore versus Rs 979 crore in corresponding quarter last fiscal. Profit was up at Rs 108.6 crore from Rs 43.2 crore in year ago period.