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 Uttar Pradesh (UP) and Rajasthan, some payments were delayed because of which we have stopped further execution of our works. That has impacted the topline", YD Murthy, Executive VP-Finance of the company told CNBC-TV18.
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.
In an interview to CNBC-TV18, YD Murthy, Executive VP-Finance of NCC spoke about the results and his outlook for the company.
In an interview with CNBC-TV18, YD Murthy, Executive VP of Finance at NCC said that the company plans to reduce its debt by around Rs 200 crore and expects to bring down finance cost by Rs 90 crore in this fiscal.
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.
The company‘s growth in coming quarters will be aided by order inflows to the tune of Rs 8,000 crore, YD Murthy, Exec VP-Finance, NCC said.
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.
Infrastructure firm NCC on Thursday reported a huge jump in its consolidated net profit at Rs 51.98 crore for the quarter ended March 31, 2015.
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.
YD Murthy, executive VP-finance, NCC spoke about the company's performance in the third quarter of this fiscal year.
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.
Encouraged by its recent margin improvement, YD Murthy of NCC looks to expand margins soon.