B Malla Reddy, MD of Astra Micro said that it is common in this line of business to face a few hurdles when a new project is transferred for production, which led to the disappointing set of numbers.
Speaking to CNBC-TV18, B Malla Reddy, Managing Director, Astra Microwave told that the entire equity from L&T‘s stake has gone to mutual funds.
B Malla Reddy, Managing Director of Astra Microwave expects Rs 300 crore worth order inflow in H2FY16.
The company does not have any huge requirement of funds and may liquidate Rs 500 crore order book by FY15-end.
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