Moneycontrol
Last Updated : Jan 10, 2018 02:10 PM IST | Source: CNBC-TV18

On track to meet order inflow guidance of Rs 6,000-7,000 cr: Sadbhav Engineering

The Prabhudas Lilladher Infrastructure Day kicks off this morning. In an interview to CNBC-TV18, Nitin Patel, ED of Sadbhav Engineering, from the sidelines of the conference, gave a sense of their 2018 outlook.

CNBC TV18 @moneycontrolcom

The Prabhudas Lilladher Infrastructure Day kicks off this morning. In an interview to CNBC-TV18, Nitin Patel, ED of Sadbhav Engineering, from the sidelines of the conference, gave a sense of their 2018 outlook.

Patel said that we signed concession agreement for all projects except Jodhpur project. However, we will sign Jodhpur concession soon over next 20-30 days, he said.

Talking about orders, he said we have bagged Jodhpur Hybrid Annuity Model (HAM) order worth Rs 1,069 crore in Q3.

Our current order book is at Rs 4,000 crore, he added. Therefore, we are on track to meet order inflow guidance of Rs 6,000-7,000 crore, said Patel.

We have bid for additional orders worth Rs 8,000 crore, he further mentioned.

Patel also said that we see a lot of engineering, procurement and construction (EPC) bids being tendered by National Highways Authority of India (NHAI) in Q4.

Watch accompanying video for more details.
First Published on Jan 10, 2018 02:09 pm

tags #Business

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