Intl order to contribute 12-15% to margins: Ashoka Buildcon

In what is its first international order, Ashoka Buildcon has won an engineering procurement construction (EPC) project worth USD 38.1 million in Maldives.The timeline of execution for the order will be a period of 18 months and this will contribute 12-15 percent to the company's margins, Satish Parakh, MD, Ashoka Buildcon tells CNBC-TV18. With this, the company’s balance orderbook now stands at Rs 5001 crore, he says, adding Ashoka will soon make an independent vertical for overseas projects.For entire discussion, watch accompanying video...