Om Metals JV bags order for rehabilitation of Kpong Left Bank Irrigation Project

Om Metals Infraprojects is in focus after its joint venture (JV) bagged an order worth USD 32 million for rehabilitation and completion of Kpong Left Bank Irrigation Project. This order has come in from the Ministry of Food and Agriculture of Ghana and will be funded by the World Bank.

In an interview with CNBC-TV18, Vikas Kothari, Director and President of Om Metals discussed the details.

Om Metals’ stake in the JV is 51 percent. Hopefully, we should be able to execute the entire contract within our company itself, he said.

The current outstanding order book is about Rs 800-820 crore and this order book has to be executed over the next two or third year itself. So we are going to see revenues from this order book in FY19 and FY20, he added.

We are very serious about taking our orders. We ensure that funding is already in place, said Kothari.

We have only one road asset and we are still looking for a buyer for that asset, he further mentioned.

For full interview, watch accompanying video...