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Plans to raise Rs 150 crore via debt; not desperate to sell off BOT assets: JMC Projects

JMC Projects won an order worth nearly Rs 700 crore. In addition to that they have a board meeting scheduled today to mull fund raising options. “With this Rs 700 crore, at the June end, we will be close to around Rs 7,000 crore of order book. This is a mix of water pipeline and commercial orders,” Manoj Tulsian, Whole-Time Director & CFO of the company told CNBC-TV18.

July 03, 2017 / 01:33 PM IST

JMC Projects (India) won an order worth nearly Rs 700 crore. In addition to that they have a board meeting scheduled today to mull fund raising options.

“With this Rs 700 crore, at the June end, we will be close to around Rs 7,000 crore of order book. This is a mix of water pipeline and commercial orders,” Manoj Tulsian, Whole-Time Director & CFO of the company told CNBC-TV18.

Water pipeline order normally takes around two years to complete and commercial orders would be completed in two-to-two-and-a-half years, he said.

The company has been able to improve margin profile in last two-three years.

We are looking to raise Rs 150 crore to fund our capex requirements in the next two-three years, he said.

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“We are not desperate to go to the market and sell off build–operate–transfer (BOT) projects. We are looking for the right partner who can nurture these assets,” he further added.

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Tags: #Business
first published: Jul 3, 2017 12:27 pm
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