In an interview to CNBC-TV18, Parag Shah, MD, Man Infraconstruction spoke about the results and his outlook for the company.
In an interview to CNBC-TV18, Parag Shah, Managing Director of Man Infraconstruction spoke about the results and his outlook for the company.
In an interview to CNBC-TV18, Parag Shah, MD of Man Infraconstruction spoke about the new projects and the order book position of the company.
The promoter's stake currently stands at 61.5 percent in the company, says Man Infra MD Parag Shah.
The company recently won a Rs 752 crore order from Bharat Mumbai Container Terminal for Nhava Sheva Port.
The profits in Q4 of the last fiscal year were actually higher at Rs 7 crore but we had to pay the pending CSR (corporate social responsibility) donation of Rs 2 crore and make provisions for Rs 4 crore, says Parag Shah, Managing Director, Man Infraconstruction.
Man Infraconstruction's promoters, in March, bought nearly 3.27 lakh shares.
Parag Shah, MD of Man Infraconstruction says the company is launching two main projects in Mumbai – one in Ghatkopar and the other in Dahisar.
Low revenue recognition caused margins to decline, says Man Infraconstruction's CFO Ashok Mehta.
Managing director Parag K Shah, says the company will be redeveloping a total of 12 buildings in Ghatkopar area and will have a saleable area of 4,65,000 square feet.
Parag Shah, MD, Man Infraconstruction, discusses company's fourth quarter earnings and future outlook.
Parag Shah, managing director, Man Infra says the company is now shifting from the engineering, procurement and construction (EPC) business to real estate contracting and real estate developer.
Man Infraconstruction has entered into various EPC projects, where they have upside on real estate side with construction area of approximately 24 lakh square feet.
Parag K Shah, managing director of Man Infraconstruction, in an interview with CNBC-TV18's Latha Venkatesh and Gautam Broker, said that the company expects around Rs 750-800 crore revenue growth in FY12. He said, "We are not behind our order book growth, but behind our performance growth."
Parag K Shah, MD of Man Infra, in an interview with CNBC-TV18’s Latha Venkatesh and Gautam Broker, spoke about the recent happenings in his company and the road ahead.
Man Infraconstruction signed an MOU with a Turkish multinational infrastructure company, STFA, for port and marine construction in India.