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Sadbhav Engineering has been declared the lowest bidder for 4-laning of NH-24 extension. In an interview to CNBC-TV18, Nitin Patel, ED of Sadbhav Engineering spoke at length about basic details.
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In an interview to CNBC-TV18, Nitin Patel, ED, Sadbhav Engineering spoke about the results and his outlook for the company.
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The Prabhudas Lilladher Infrastructure Day kicks off this morning. In an interview to CNBC-TV18, Nitin Patel, ED of Sadbhav Engineering, from the sidelines of the conference, gave a sense of their 2018 outlook.
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On Friday, the government tabled the Specific Relief Amendment Bill in parliament. The amendments in the bill, if approved, will make it easier to enforce infrastructure contracts. That's not all, the amendments also provide for specific relief to select categories of infrastructure projects. In an interview to CNBC-TV18, Satish Parakh, MD of Ashoka Buildcon and Alok Deora of IIFL Wealth discussed this Specific Amendments Bill.
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Sadbhav Engineering has received provisional certificate for completion of 170 km of Mysore-Bellary Highway. In an interview with CNBC-TV18, Nitin Patel, ED of the company spoke about the latest happenings in his company and sector.
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Sadbhav Engineering is in focus because the market is getting extremely positive about road contracting companies, road builders and infrastructure majors. In an interview to CNBC-TV18, Nitin Patel, ED of Sadbhav Engineering gave the growth outlook for the company.
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A recent note by PhillipCapital reveals that water infrastructure can be the next big theme given the eleven lakh crore national river linking project that envisions connecting 37 rivers through 30 links comprising of a network of over 50 dams and more than 15,000 kilometres of canals.
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The project is for development of land for smart industrial port city (SIPC) in Kandla at Kandla-Gandhidham- Adipur complex, the company said in a filing to the BSE today.
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“Execution in road projects has picked up and more particularly EPC projects, which have been awarded one and a half to two years back, are there in fast track of execution,” Nitin Patel, ED of Sadbhav Engineering told CNBC-TV18.
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Sadbhav Engineering met their margin guidance for FY17 but revenue guidance was a miss. In an interview to CNBC-TV18, Nitin Patel, Executive Director of Sadbhav Engineering spoke about the results and his outlook for the company.
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Nitin Patel, ED, Sadbhav Engineering is confident of good growth in the third and fourth quarter and is confident of 14-15 percent revenue for the fiscal.
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Speaking to CNBC-TV18 Nitin Patel of Sadbhav Engineering said that growth in tolling revenue and traffic are key triggers for the company. The company has completed refinancing 5 special purporse vehicles (SPVs) and margins are expected to go up, he said.
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Volume as well revenue growth in FY17 is expected to be better than that of FY16, says Nitin Patel, ED of Sadbhav Engineering.
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National Highway Authority in India (NHAI) has raised the FY17 target for constructing roads which will be beneficial to companies such as Sadbhav Engineering, says its ED Nitin Patel.
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The company received Rs 72 crore from the stake sale in Mumbai-Nashik Expressway, which was sold to BIF India Holding, said Nitin Patel, ED, Sadbhav Infra.
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Construction major Sadbhav Engineering reported a 46 percent growth in its net profit at Rs 39.5 crore for Q1.
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In an interview with CNBC-TV18's Latha Venkatesh and Ekta Batra, Nitin Patel, ED, Sadbhav Engineering, discussed the company's fourth quarter earnings.
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Sadbhav Engineering is in focus as the company has won orders worth Rs 905 crore. Discussing the details, its ED Nitin Patel said the turnover from these projects will start contributing from Q3FY16.
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The company is also seeing a significant pick-up in commercial vehicle sales.
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Nitin Patel, executive director, Sadbhav Engineering says the road sector order book stands at 50 percent of the company‘s overall order book.
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The Karnataka Road Project, a World Bank funded project is likely to get excise and duty exemptions, which in turn will reduce the cost of the material and generate additional margins, said Nitin Patel of Sadbhav Engineering.
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Discussing the details of the deal, Kishor Kumar Mohanty, MD, Gammon Infrastructure, said it makes an investment sense for both parties as Sadbhav was a minority stakeholder.
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The company is also anticipating more positive numbers in the quarter ahead.
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According to Nitin Patel, ED, Sadbhav Engineering, the fact that the compensation clause has remained unchanged will have little impact on infrastructure companies.
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The company had reported a standalone net profit of Rs 28.06 crore in the July-September quarter of last fiscal, it said in a filing to the BSE.
