RPP Infra posted a weak set of earnings in Q3 as higher tax of Rs 23 crore led to a loss. The company is looking to raise some funds upto Rs 150 crore through the qualified institutional placement (QIP) route and they are also looking to allot some preferential shares to their promoters. In an interview with CNBC-TV18, A Nithya, Wholetime Director of RPP Infra Projects spoke about the results and her outlook for the company.
It is up to Rs 150 crore, it may vary from Rs 100 crore to Rs 150 crore, she said.
At present, we have participated in Rs 1,500 crore worth of bids and expect to win 20 percent of bids, she added.
The current order book is around Rs 900 crore and the debt on the books is around Rs 60 crore, said Nithya.
Planning to bid for Rs 2,000 crore worth of orders over the next 45 days, she further mentioned.
For full interview, watch accompanying video...
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