In an interview to CNBC-TV18, Sandeep Garg, MD of Welspun Enterprises spoke about the results and his outlook for the company.
The company has won a hybrid annuity project for Delhi-Meerut Expressway. The revenues coming in from this project has led to the operational growth of Welspun Enterprises.
“Operational profits have gone up, which are reflected in our growth”, he said.
He further said that the company is not averse to looking at any sector but at this point in time, there is no decision in terms of which sector it will enter into.
He believes that there is enough work and enough scope for the company to grow in hybrid annuity project area.
He expects orders worth Rs 3,000 crore from hybrid annuity model by the end of the year.
The company is also involved in oil and gas business. Four blocks out of five have already stuck oil and gas and Garg expects first block to be commercialised in next two years.
For full discussion, watch video...
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