Sadbhav Infra has been declared the lowest bidder for A Rs 1,300 crore National Highway Authority of India (NHAI) project on the Vadodra - Mumbai stretch. In an interview to CNBC-TV18, Nitin Patel, Director of Sadbhav Infrastructure spoke about the latest happenings in his company and sector.
"The significant increase in revenue growth for February and March period will continue to sustain over the period of FY18", Nitin Patel, Director of Sadbhav Infrastructure Project told CNBC-TV18.
The total orderbook now stands at Rs 10250 crore, said Nitin Patel, Director, Sadbhav Infrastructure Project.
Sabhav Infrastructure Projects has declared L1 for about Rs 1,000 crore project coming in from National Highways Authority of India (NHAI).
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.
Interest cost is expected to come down by Rs 80-90 crore, said Nitin Patel, Director of Sadbhav Infra.
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.
VD Mhaiskar, CMD of IRB Infrastructure Developers says that while fairly good number of projects are being bid-out the deals are largely on engineering procurement construction (EPC) or hybrid models, there is not much movement on build-operate-transfer (BOT) deals as the balance sheets of many developers remains stressed.
Nitin Patel, Director, Sadbhav Infrastructure says the company is already working to convert loans for its Ahmedabad Ring Road project and he expects FY16 finance costs to come down by Rs 100-110 crore.