Sale of road assets to generate Rs 200-220cr: NCC

Latha: Can you just detail to us any of these fund raising options that you are looking at. Are you very closed to raising money through sale of assets?

A: Yes, absolutely, we are looking at fund raising by monetising our assets. One is the power project where Sembcorp has already signed the definitive agreements. We are expecting the approval by the government agency in next two months and most probably the money will be received and likewise we are looking at two road projects for monetisation, they are also looking good. All these three monetisation efforts are likely to bear fruit before the end of the current financial year.

Latha: Can you just give us some more detail on power project? We didn’t have that detail, power project how much is it and which one?

A: On net basis, one of the deals is consummated and will transfer the shares to Sembcorp and they give us the money and adjust the additional mobilisation advance they have given to us. It will be something like Rs 210 crore or so. Likewise the two road projects monetisation, if it happens could give us another Rs 200-220 crore. So, on a consolidated basis above Rs 430-440 crore of additional money is likely to be received by the company.

For entire interview, watch accompanying video.