NCC is hoping to garner fresh orders worth Rs 1000 crore in FY17, with an eye on increasing the road projects, says the company's Executive VP - Finance YD Murthy.
According to Shirish Rane, head of research, IDFC Securities green shoots are already visible in the roads and ports sector. The volumes in both the container segment and bulk have grown substantially, which in turn is driving the volume growth for ports.
According to YD Murthy, Executive VP-Finance, NCC the company will be able to pare down the debt to the tune of Rs 200-250 crore by monetising some build operate transfer (BOT) and real estate assets.
Valecha Engineering has won an order to build canal at the Indo-Nepal border. The project will help irrigate around 2.8 lakh hectares. The value of the project is around Rs 360 crore.