Watch the interview of Nilesh Panpaliya, CFO of Solar Industries with Nigel D'Souza and Sumaira Abidi of CNBC-TV18, where he spoke about the company's Q2 performance and the outlook of the company going forward.
Revenues from defence orders are likely to double ever year. By 2020, defence orders could contribute nearly Rs 500-600 crore to the company‘s revenues, says Nilesh Panpaliya, CFO of Solar Industries.
The company will execute order from Singareni Collieries Company over a period of two years and will clock revenue worth Rs 220 crore in FY17, says Nilesh Panpaliya, CFO, Solar Industries.
Speaking to CNBC-TV18, Nilesh Panpaliya, CFO of Solar Ind said that the company at present has a defence order worth Rs 72 crore which will reflect on the books next fiscal and is expected to drive the revenue for FY17 up by 25 percent.
CFO Nilesh Panpaliya said exports contributed almost 30 percent to revenue. The company expects 25 percent growth in this segment.