The stock gained 34 percent in the last one year as the company made progress on the projects under construction
Of the 1,670 mega and large projects (worth Rs150 crore and above) monitored by the Ministry of Statistics & Programme Implementation (MoSPI), nearly 438 reported a cost overrun of about Rs 4.3 trillion (lakh crore) till September
Risks for the wind power projects remain high. They take longer to execute and face greater operating challenges
Other potential headwinds that will impact the stock, according to CLSA, are: the government's 5 percent divestment of NTPC and the poor state of state banks.
Prashant Amin, executive director of Elecon Engineering spoke to CNBC-TV18 about the new orders the company has bagged from McNally Bharat and what it means for their financials.
India needs to reform policies concerning project execution and long term funding to fix its creaky infrastructure, which is a major roadblock to its target of achieving a 9-9.5% annual growth during 2012-2017, Standard & Poor's (S&P) Ratings Services said in a report.
Amit Sarin, director and CEO of Anant Raj Industries tells CNBC-TV18 that the company is on track with its targets for FY11. “Debt is at manageable levels, so the company is currently focusing on project execution.”
YD Murthy, executive vice-president-finance at Nagarjuna Constructions joins CNBC-TV18 to talk on the performance of the company in the past quarter and highlight the way forward.
Speaking to CNBC-TV18 in an exclusive interview, Gagan Banga, CEO of Indiabulls says that more than 50% land has already been leased at Lower Parel, Mumbai. “Going forward, we expect lease income for the company to increase by 30-35%,” he says.
Consolidated Construction Consortium (CCCL) expects revenue from project execution of the order backlogs to offset the earnings degradation that happened over the fourth quarter.