YD Murthy, executive VP-finance, NCC says in an interview to CNBC-TV18 that the apex court ruling will quicken the implementation of 25 road projects worth Rs 25,000 crore that were stalled awaiting the grant of the clearance from the ministry of environment.
The target set by the Finance Minister of constructing 3000 kms of roads in the first six month of the current financial year is doable, believes YD Murthy, Executive Vice President-Finance of Nagarjuna Constructions.
YD Murthy, executive VP-finance, NCC explains to CNBC-TV18 that the award of orders from NHAI have slowed down significantly. The economic environment has made it difficult for infrastructure companies to achieve financial closure for road projects.
YD Murthy, executive VP-finance, of NCC, says that the management is very keen to bring down the debt levels in the company by monetizing some of our BOT assets and real estates. The order flow has been sluggish.
NCC has bagged order worth Rs 630 crore, reports CNBC-TV18. It touched an intraday high of Rs 58.85 and an intraday low of Rs 56.50. At 10:53 hrs the share was quoting at Rs 58.50, up Rs 1.20, or 2.09%.
In an interview with CNBC-TV18, YD Murthy, CFO and executive vice-president (finance), said that company is confident of maintaining its net profit margin at 3.5% and topline guidance at Rs 72,00 crore in this fiscal.