There were a lot of expectations that the infrastructure sector will see a strong Q4 in terms of order inflows. What is the on ground situation? In an interview with CNBC-TV, YD Murthy, Executive VP-Finance at NCC and Vibhor Singhal of Phillip Capital shared their views and reading on the same.
"We are looking at further reduction of finance cost and for that, we are talking to banks to restructure working capital loan," YD Murthy, Executive VP-Finance of NCC said.
In an interview to CNBC-TV18, Anoop Kumar Mittal, Chairman of NBCC (India) spoke about the Bharatmala Project.
An important theme that the market has been grappling with is the long list of companies that have gone to the National Company Law Tribunal (NCLT) and that results in appointment of insolvency resolution professional to manage these companies till someone comes and buys up the defaulters or some kind of resolution is reached by the creditors.
In an interview to CNBC-TV18, YD Murthy, Executive VP-Finance at NCC spoke about the latest happenings in his company.
In FY17-18 the finance cost is likely to come down by Rs 32-35 crore, said YD Murthy, Executive VP-Finance, NCC.
A healthy share of capital outlay for roads sector in Budget 2017 bodes well for construction companies, according to Nagarjuna Construction Company‘s (NCC) management.
NCC is hoping to garner fresh orders worth Rs 1000 crore in FY17, with an eye on increasing the road projects, says the company's Executive VP - Finance YD Murthy.
According to YD Murthy, executive vice-president - finance, NCC, the main problem with stalled projects are issues related to land acquisition and lack of clearances
YD Murthy, Executive VP-Finance of NCC says, the money received from the stake sales will be utilised towards working capital requirements and debt reduction. This will help reduce overall debt to under Rs 2000 crore from Rs 2200 crore, he adds.
Speaking to CNBC-TV18, NCC Executive VP-Finance YD Murthy, says the company will earn Rs 200-220 crore from the asset sale.
Speaking to CNBC-TV18, YD Murthy, Executive Vice President-Finance, NCC Limited says that he is confident of getting substantial orders for the smart city project and is looking forward to the new capital city of Amravati.
YD Murthy, executive vice president- finance, NCC, says things are improving for the company and it has now started getting orders with better margins.
The company is hopeful of clocking more than Rs 8000 crore worth of orders for FY15 and around 8,000-10,000 cr for FY16, says YD Murthy, Executive VP-Finance, NCC.
In an interview with CNBC-TV18‘s Latha Venkatesh and Reema Tendulkar, YD Murthy, Exec VP - Finance, NCC, said the government was looking to tweak the public-private partnership (PPP) model for infrastructure projects, as outlined by Finance Minister Arun Jaitley during the Budget.
Given the recently-acquired balance sheet strength, NCC plans to repay high cost term debt of Rs 600 crore using proceeds of the rights issue.
Analysts believe NCC is best placed to capitalise the huge infrastructure investment opportunity.
In an interview to CNBC-TV18, Ajay Hans, managing director, Petron Engineering Construction shares his views on the latest order bagged by the company.
However, YD Murthy, Executive VP-Finance at NCC says the FDI notification does not pertain to engineering, procurement and construction (EPC) companies but the company will bid for EPC projects if NHAI bidding comes up
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.