According to Prabir Ghosh, this is the first year when the company has received orders in oil and gas sector reflecting positive development in the overall strategy of the company.
McNally Bharat Engineering on Tuesday bagged an order for a thermal power project worth Rs 970 crore. Amritanshu Khaitan, director of Mcnally Bharat Engineering says that this project will be completed in about 32 months.
Mcnally expects reasonable revenue growth in FY14. They aim for an orderbook of Rs 3000-4000 crore going ahead.
In an interview to CNBC-TV18, Deepak Khaitan, chairman of Mcnally Bharat discussed the order of Rs 733.34cr from Associated Cement Companies (ACC).
McNally Bharat Engineering has had a steady order inflow and it has won several orders worth Rs 600 crore in the recent past. Deepak Khaitan, Chairman of McNally Bharat Engineering said their order booking was slow last year and there has been a significant increase with a growth of 10 to 15 percent this year.
Eveready has been running up on expectations of a land deal, but Deepak Khaitan, executive vice chairman, Eveready India says it is not on the cards yet.
In an exclusive interview with CNBC-TV18, chairman Deepak Khaitan said that the company is not facing any execution problems, but they are forecasting a shortage of contractual labour.
Speaking to CNBC-TV18, chairman of Mcnally Bharat, Deepak Khaitan says that they have recently bagged a landmark Rs 120 crore order which will mark the company’s entry into the road sector.
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.
An order worth Rs 200 crore in the month of October has taken the total order book pf Mcnally Bharat to Rs 1,000 crore, says Deepak Khaitan, chairman of the company.
Deepak Khaitan, executive vice president at Eveready Industries India, tells CNBC-TV18 that proceeds from land sale will help bring down debt; however, the company is not in a hurry to sell land.
Deepak Khaitan - Chairman, McNally Bharat Engineering said that the company is targeting to achieve a turnover of about Rs 2,500 crore in FY12. Its consolidated EBITDA margin is expected to grow to 12% this year.
Deepak Khaitan, chairman, McNally Bharat in an interview with CNBC-TV18 spoke about the company's quarterly performance.
Deepak Khaitan, chairman of McNally Bharat Engineering Company in an interview with CNBC TV-18's pointed that the company's current order book is at Rs 4,000 crore. It expects to start the new year with an order book of about 4,500 crore.