See FY19 orderbook inflow around Rs 2000-3000 crore: HG Infra Engg

HG Infra was buzzing in trade after the company bagged an order worth Rs 187 crores which will be completed over the next 18 months.

To talk about the above development and the outlook going forward, CNBC-TV18 spoke to Harendra Singh, MD, HG Infra Engineering.

He said it is a ministry funded project with margins of around 12-15 percent, which has taken the Q4 order book now to around Rs 1300 after the recent Rs 1100 crore orders. While in the first nine months the order inflow was only around Rs 200 crore. The company targets at projects where margins are not less than 15 percent.

Therefore, margins for the company going forward would be around 14-15 percent.

For FY19 order inflow could be pegged at Rs 2000-3000 crore.