In an interview to CNBC-TV18, Sandeep Garg, MD of Welspun Enterprises spoke about the latest happenings in the company.
Infrastructure engineering company MBL Infrastructures posted weak results for third quarter ending December with revenues declining three percent on a nine month basis.
Project bagged expected to increase margin at standalone level, says AK Lakhotia, Chairman and MD of MBL Infrastructures.
In an interview to CNBC-TV18, AK Lakhotia, CMD of MBL Infrastructures spoke about the results and his outlook for the company.
AK Lakhotia of MBL Infrastructure said the company doesn't have plans to raise equity. "Once BoT projects become operations they will have three cash flows," he said.
MBL Infrastructures bagged orders worth Rs 3,190 crore in Q4 FY16, and AK Lakhotia, Chairman and CEO of the company expects the profitability of these orders to be recognised in FY17.
In an interview with CNBC-TV18, AK Lakhotia, Chairman & CEO, MBL Infrastructure said that the company is expecting its order book to go upto Rs 3500 crore in the current year.
AK Lakhotia, chairman & chief executive officer, MBL Infrastructures says the company's current order book stands at Rs 3600 crore.
CEO AK Lakhotia said recent five orders wins include two strategic orders from government of West Bengal and three repeat orders from its existing clients.
AK Lakhotia, CEO, MBL Infrastructures, in an interview on CNBC-TV18, spoke about their third quarter results and gave his analysis of the company’s performance.