The total order book stands at around Rs 10,000 crore now, said S Ramachandran, CEO of IL&FS Engineering and Construction. The GAIL project, which IL&FS got through a reverse auction, will bring in margins in excess of 13-14 percent, he added.
The company had seen dips in its margins in the previous quarter. Ramachandran says this was due to delays in some of the Bihar orders which were facing land acquisition issues.
The company has around Rs 900 crore to Rs 1000 crore of debt in its books, he says, and efforts are being made to efficiently execute orders to reduce them. The implementable order according to Ramachandran is Rs 7,400 crore.
S Ramachandran Director (Business Development) at IVRCL says the company is looking at exiting two road projects going forward and has no plans to sell its land parcels.
The company has been performing well in segments like buildings, irrigation but orders from the transmission line segment are at nascent stage said, S Ramachandran of IVRCL
Shares of infrastructure company IVRCL were hammered down as reports of murder of Paulose Thomas, an expert consultant with National Highways Authority of India (NHAI) surfaced.
S Ramachandran, director - business development, IVRCL told CNBC-TV18 that discussions for stake sale of three projects are in advanced stages. However, the company is hopeful of offloading four projects before March.
In an interview with CNBC-TV18, S Ramachandran, Director Business Development, IVRCL Infrastructure, speaks about the results and gives his outlook going forward.