Expect 10-15% higher margin than last year: SPML Infra

SPML Infra has won multiple orders totalling Rs 250 crore for power and T&D and the margins are likely to be 14-15 percent. The company has bid for projects worth Rs 8,000-9,000 crore in wastewater management across Maharashtra, Gujarat and Delhi.

March 08, 2017 / 12:04 IST

SPML Infra has won multiple orders totalling Rs 250 crore for power and T&D and the margins are likely to be 14-15 percent. The company has bid for projects worth Rs 8,000-9,000 crore in wastewater management across Maharashtra, Gujarat and Delhi.

Speaking to CNBC-TV18, Subhash Chand Sethi, Chairman of SPML Infra said that the margins are likely to be 10-15 percent higher than the last year. The company current order book stands at Rs 4,000 crore plus and the debt stand at around Rs 800 crore.

The company has won Rs 260 crore in arbitration award and disbursements are likely to be made this year, he said.

Watch video for more ...

first published: Mar 8, 2017 11:26 am

Discover 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!

Advisory Alert: It has come to our attention that certain individuals are representing themselves as affiliates of Moneycontrol and soliciting funds on the false promise of assured returns on their investments. We wish to reiterate that Moneycontrol does not solicit funds from investors and neither does it promise any assured returns. In case you are approached by anyone making such claims, please write to us at grievanceofficer@nw18.com or call on 02268882347