There were a lot of expectations that the infrastructure sector will see a strong Q4 in terms of order inflows. What is the on ground situation? In an interview with CNBC-TV, YD Murthy, Executive VP-Finance at NCC and Vibhor Singhal of Phillip Capital shared their views and reading on the same.
First nine months of the current year have been pretty good for our company and we bagged nearly Rs 21,000 crore of fresh orders. In Q4 also, order accretion is going to be pretty strong and we are likely to end the year with an order accretion of about Rs 25,000 crore and an order book of about Rs 32,000 crore at the end of the current financial year, said Murthy.
The infrastructure pick up is happening, substantial order accretion is happening, he added.
In FY19 we are targeting substantial improvement in the topline. We are working on the business plan, once the business plan is approved by the board, we will be able to inform the stock exchanges and the shareholders, he further mentioned.
We are looking at the construction companies, said Singhal.For entire discussion, watch accompanying video…