Managing Director R Vasudevan told CNBC-TV18 that timeline for the project win ranges from 30-36 months and that it has been selective in bidding for orders.
CRISIL Ratings has come out with its report on ready-made garment business. The rating agency expects, the rated players to buck the industry trends, & maintain growth of 4 to 5% over the medium term, supported by their ability to closely align internal processes, quality standards, and delivery timelines to the stringent norms of clients.
CRISIL Ratings has come out with its report on hedging strategies on Gold. The rating agency feels that gold retailers rated by it will maintain stable credit risk profiles on the back of prudent inventory hedging.
There have been numerous talks on the demand-supply imbalance in the real estate sector, but R Vasudevan MD of Vascon Engineers denied saying, "We don't see that scenario hitting us at least; we have been busy with executing the orders for which bookings have been done."
In an interview with CNBC-TV18, R Vasudevan, MD, Vascon Engineers gave his perspective on the quarter gone by and the road ahead.