IRB Infra is set to boost with an order win for 90 kms of 6-laning part of NH-79A and NH-79. This is the third order in couple of months and 30 km target has been completed, said VD Mhaiskar, company's CMD.
Speaking to CNBC-TV18, VD Mhaiskar, CMD of IRB said that the government has cancelled orders in the fashion in the past as well without stating any reason.
Roads secretary Vijay Chhibber says 8000 km roads were awarded last year, and this year the aim is to award 10,000 km. The strategy, going ahead, is to award atleast 10,000-12,000 km every year, he says
Lower steel and diesel prices have helped margins in the Engineering Procurement and Construction (EPC) business, VD Mhaiskar, CMD, IRB Infra tells CNBC-TV18.
The company is expecting the Ahmedabad-Vadodara project to get completed after two quarters
VD Mhaiskar, CMD, IRB Infra says the company‘s current order book stands at Rs 11,000 crore and the Aurangabad toll project is its second largest after Ahmedabad-Baroda project.
VD Mhaiskar, chairman & MD of IRB Infrastructure plan to maintain debt-equity ration at 3.3:1.
VD Mhaiskar, CMD, IRB Infrastracture says the company did not incur much of a loss due to vandalism as the state managed to step in at the right time.
VD Mhaiskar, CMD, IRB Infrastructure said revenues for Q3 have been robust on back of sound execution of projects on the construction side and also because of higher toll collections.
IRB Infrastructure plunged over 7 percent yesterday on reports of CBI raid. In an interview to CNBC-TV18, the company‘s chairman and managing director VD Mhaiskar clarified that there was no Central Bureau of Investigation (CBI) raid on any IRB office yesterday.
IRB Infra has received a service tax demand notice from the IT department on September 10 and VD Mhaiskar, CMD of IRB said they are looking at a one time penalty of around Rs 300 crore applied on three of its operational special purpose vehicles (SPVs).
VD Mhaiskar, chairman and managing director, IRB Infra in an interview to CNBC-TV18 spoke about the latest happenings in the company and the way ahead.
VD Mhaiskar, chairman and managing director, IRB Infra denies reports of over bidding on the two corridors and they have won the bid on the numbers that have been shared with the analysts and news channels.
In an interview to CNBC-TV18, VD Mahiskar, chairman and managing director, IRB Infra said, "If there would have been any intention of hiding it, we would not have registered it in India and paid a full duty of almost Rs 20 crore on it."
IRB Infra expects to clock nearly Rs 500 crore profit in FY12. VD Mhaiskar, chairman and managing director, IRB Infra in an interview to CNBC-TV18 said, "We are pretty much on the target to achieve close to Rs 3,000 crore topline as we had indicated at the beginning of the year and close to 500 crore PAT."
VD Mhaiskar, chairman and managing director of IRB Infra says, the company is holding on the guidance, which it had given at the beginning of the year, of 10% to 15% growth.
CNBC-TV18 catches up with IRB Infra's chairman and managing director, VD Mhaiskar, who has bought 2% in his company, upping his stake to 60% even as the promoter group sold nearly 10% in a block deal. Check out the interview!
The Reserve Bank of India’s move to hike interest rates in a bid to tame inflation has hit the infrastructure space adversely. Experts feel that monetary tightening will sit heavily on the shoulders of infrastructure comapnies, and asset quality issues will be a big drag.
VD Mhaiskar, chairman and managing director of IRB Infrastructure Developers in an interview with CNBC-TV18 said that he expects the company's topline to grow by 15-20% in FY12.
In an interview with CNBC-TV18, VD Mhaiskar, chairman and managing director of IRB Infra, spoke about the latest happenings in his company and the road ahead.
VD Mhaiskar, chairman and managing director of IRB Infrastructure Developers gave his perspective on the latest happenings in the company and industry.
IRB Infrastructure Developers has announced its fourth quarter results. In an interview with CNBC-TV18, VD Mhaiskar, CMD, IRB Infrastructure Developers Ltd says, he expects 15-20% top-line and bottom-line growth in FY12.
IRB Infrastructure Developers bagged first NHAI ultra mega project in highways for Ahmedabad-Vadodara. VD Mhaiskar chairman and managing director of IRB Infra, in an exclusive interview with CNBC-TV18’s Udayan Mukherjee and Mitali Mukherjee, shares details and expectation from the deal.
In an interview with CNBC-TV18, VD Mhaiskar, CMD, IRB Infrastructure gave his views on how he read Budget 2011 presented by Finance Minister Pranab Mukherjee.
VD Mhaiskar, CMD, IRB Infrastructure Developers in an interview on CNBC-TV18 spoke said that they are starting to see some movement from the NHAI in awarding financial bids.