A few hefty orders of about Rs 180-200 crore are in the pipeline and are likely to get finalised in a month or two, Prayasvin Patel, CMD of Elecon Engineering said.
Elecon Engineering reported a weak quarter which was impacted by customer issues. PB Patel, CMD of the company spoke about the results and his outlook for the company.
PB Patel, CMD, Elecon Engineering in an interview to CNBC-TV18 spoke about the fourth quarter performance and the order book outlook, plans for debt reduction.
The company has recently received orders worth Rs 530 crore from marine and defence sector for gear boxes for frigate (warships), says PR Patel, CMD, Elecon Engineering.
With this order, from Garden Reach Shipbuliders & Engineers - a warship building company, the total order book of Elecon from the gearboxes business stands at around Rs 750 crore, Jain says. The company had recently bagged another Rs 300-crore order from Mazgaon Dock.
In a chat with CNCB-TV18, Prashant C Amin, Executive Director, Elecon, blamed the broad weakness in capital projects to be the main reason for the decline in the company‘s topline.
In an interview to CNBC-TV18, CMD Prayasvin Patel said the company has seen live enquiries worth Rs 4,230 crore. Out of which he expects to get about Rs 200-250 crore worth of orders shortly.
Prayasvin Patel, CMD of Elecon Engineering says the company‘s total order book stands at around Rs 1,710 crore.
Prashant Amin, executive director of Elecon Engineering spoke to CNBC-TV18 about the new orders the company has bagged from McNally Bharat and what it means for their financials.
Due to the slowdown in the economy, Elecon Engineering is experiencing a phase of slowdown in orders. However, chairman and managing director, Prayasvin Patel believes that this is a temporary situation.
Prashant Amin, Group Director, Elecon Engineering expects the Benzlers-Radicon acquisition to add Rs 120-150 crore to the topline. The company also intends to expand in the international market with this acquisition because these facilities have in US, Sweden and UK.
In an interview with CNBC-TV18, Prashant Amin, Director, Elecon Engineering says, the company’s totalo order book is around Rs 1,700 crore. “At present, we have order book of more than Rs 1,000 crore in the material handling division,” he adds. He expects around 25% growth in turnover in FY12.
Speaking to CNBC-TV18, Hemendra C Shah, CFO of Elecon Engineering said, "The company is aiming to achieve 15-20% growth in its revenue in future and this is apart from the acquistions made till now."