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 vice president -Finance says high interest costs and rising debt levels led to a fall in Q3 earnings.
According to YD Murthy, Executive VP-Finance, NCC the company will be able to pare down the debt to the tune of Rs 200-250 crore by monetising some build operate transfer (BOT) and real estate assets.
Gayatri Projects managing director Sandeep Reddy says, in an interview to CNBC-TV18, that the company will grow 20 percent in FY14 on an order-book worth Rs 8,000-crore. Reddy also hopes the RBI will ease interest rates
Construction firm NCC says its debtor days have improved to 73 days and tihs will improve cash flow.
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, Exec VP-Finance,NCC said, “We have bagged substantial orders in the current quarter and the order book at the end of the quarter is Rs 18,799 crore.â€
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.
Nagarjuna Construction EVP-finance, YD Murthy explains to CNBC-TV18 the various facets and highlights of the company‘s performance during the quarter.
YD Murthy, VP-finance of NCC says, the order book of the company at the end of the year is about Rs 20,195 crore. “In the current year, we are looking at fresh orders accretion of about Rs 8,500 crore. We believe we are comfortably placed order book wise,†he adds.
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%.
Nagarjuna Construction (NCC) is targeting a topline growth of Rs 7,200 crore (consolidated) in FY12.
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.
We are confident that we will see some uptick in the order inflow in FY12, says YD Murthy, Exec VP-Finance, Nagarjuna Constructions.
YD Murthy, Exec VP-Finance, Nagarjuna Construction in an interview with CNBC-TV18 spoke about the performance of the company and the road ahead.
In an exclusive interview in CNBC-TV18, YD Murthy, executive VP-Finance, Nagarjuna Constructions says that the company expects to see a consolidated margin of 3.25-3.5%.