IL&FS Engineering has bagged a Rs 165-crore pipeline-laying contract from GAIL. The company is attempting to maintain margins of around 12-13 percent for the pipeline which goes across Patna, Gaya and Dobhi, according to IL&FS management.
The company had seen dips in its margins in the previous quarter. Ramachandran says this was due to delays in some of the Bihar orders which were facing land acquisition issues.
The company has around Rs 900 crore to Rs 1000 crore of debt in its books, he says, and efforts are being made to efficiently execute orders to reduce them. The implementable order according to Ramachandran is Rs 7,400 crore.
JR Vyas, CMD, Dishman Pharma said the sale of SEZ land is likely to be concluded in the next fiscal.
Speaking to CNBC-TV18, MD Khattar, chief executive officer, IL&FS Engineering, says high interest costs are putting pressure on the company‘s bottomline.
According to MD Khattar, the total cost of the Rs 675 crore project is likely to go up as the company will also do mechanical, electrical and plumbing (MEP) work for which the design and everything is underway.
IL&FS Engineering and Construction Company received EPC contract worth Rs 1,436 crore. The company received a letter of intent from Kiratpur Ner Chowk Expressway Limited, a special purpose vehicle (SPV) incorporated by ITNL (ILandFS Transportation Networks) for the project.
Vimal Kaushik, MD & CEO, IL&FS Engineering & Construction, in an interview with Udayan Mukherjee and Mitali Mukherjee, spoke about the latest happenings in his company and gave his outlook for the company going forward.