Vijay Kumar, chief financial officer, Ramky Infra says the company will have to monetize assets worth Rs 1,000 crore in the next three years.
The infrastructure player has also appointed merchant bankers for this asset monetisation and the talks of the stake sale are in advanced stages
The company would not look at equity dilution to fund new projects but in fact is looking at selling PPP assets worth Rs 1700 crore from the road sector said Goutham Reddy, Managing Director, Ramky Group.
In an economy where high borrowing costs and hurdles in acquiring land are impacting infrastructure projects, companies like Ramky Infra are looking forward to announcement of policy reforms by the government
CNBC-TV18 spoke to Goutham Reddy, company‘s executive director regarding the ED attachment and how it will impact the balance sheet of the Ramky Infrastructure
In an interview to CNBC-TV18, Goutham Reddy, managing director of Ramky Group gives the details of the Agra-Etawah road project.
Ramky Infra has signed a concessional agreement with NHAI for a 120 km road project. Goutham Reddy, executive director of the Group spoke to CNBC-TV18 about what this means for the company’s financials and the way ahead.
Goutham Reddy, managing director of Ramky Group, says that the company’s infra segment has seen no slowdown in order inflow this quarter. Speaking to CNBC-TV18, he says that profitability, however, was impacted due to high interest cost.
In an interview with CNBC-TV18, Goutham Reddy, executive director of Ramky Group, spoke about company's performance and the road ahead.
Goutham Reddy, ED, Ramky Group, in an interview on CNBC-TV18 says that infrastructure companies, if well managed, will be able to stomach interest rate increases.