Mcnally Bharat Engineering is up on the back of an order win of Rs 514 crore. In an interview to CNBC-TV18, Srinivash Singh, MD of the company spoke at length about the order win and his outlook for the company.
In an interview to CNBC-TV18, Srinivash Singh, MD of Mcnally Bharat Engineering spoke about the results and his outlook for the company.
In an interview to CNBC-TV18, Srinivash Singh, MD of McNally Bharat Engineering said that the order received is to build solar plant for Andhra Pradesh Power Generation Company.
In an interview with CNBC-TV18, Prabir Ghosh, Wholetime Director & CFO of McNally Bharat said the new project will help in attaining 8-9 percent margin growth in FY16.
Though the overall debt is a concern; it is not out of control since most of it is working capital debt backed by good assets said Prabir Ghosh, wholetime director & group CFO, McNally Bharat.
One good thing in the entire deal is that the company has made a profit of almost USD 2.5 million, which will be recognised in the parent company through a subsidiary profit and in Singapore this is a tax free profit, says Prabir Gosh.
"The order is for the complete package of beneficiation equipment which will be supplied in the Ural area of Russia," says Prabir Ghosh, Wholetime Director and Group CFO, Mcnally Bharat Engineering.
The company's borrowing has gone up because of payments getting tight in the market. As a result, interest payout too has gone up.
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.
Deepak Khaitan, Chairman at McNally Bharat Engineering Co Ltd, in an interview on CNBC-TV18, spoke in detail about the couple of good orders that his company has bagged in the last few months.