The Join Lenders Forum yesterday approved strategic debt restructuring (SDR) for Unity Infraprojects. Consortium of 21 banks includes SBI, ICICI Bank, Bank of Baroda, IDBI Bank & Axis Bank.
Unity Infra board, on Thursday, has approved allotment of 39 lakh shares to CDR investors at a price of Rs 27.5 per share.
Unity Infra along with Deepak Fertilizers will launch a state of the art agriculture produce market committee in Kalyan, Mumbai by 2020 on 60:40 sharing basis.
Madhav Nadkarni, CFO, Unity Infraprojects says the interest rate will now come down by 2 percent, as CDR interest rate is 12 percent versus actual rate of 13.75-14 percent.
In an interview to CNBC-TV18, Madhav Nadkarni, chief financial officer of Unity Infra Projects says current order book is around Rs 4,496 crore.
Unity Infra Projects is looking to sell 26% stake in two special purpose vehicles (SPVs). In an interview with CNBC-TV18, Madhav Nadkarni, CFO, Unity Infra Projects said the company is looking for stake sales in the Nagpur hotel SPV and its Bangalore residential project.
Unity Infraprojects has bagged orders aggregating to Rs.840 crore. Both orders would bring Rs 450-480 crore on the topline in this financial year, said Madhav Nadkarni, CFO of Unity Infra Projects. The company has a target of around Rs 5,000-5,500 crore plus fresh orders in the next financial year, which would translate in 20-25% topline growth.
Madhan Nadkarni, CFO of Unity Infraprojects, tells CNBC-TV18 that the new orders worth Rs 140 crore will add Rs 16-20 crore to their topline this financial year.
In an interview to CNBC-TV18, Madhav Nadkarni, chief financial officer of Unity Infra Projects spoke about the latest happenings in his company and the road ahead.
Madhav Nadkarni, chief financial officer of Unity Infraprojects is sure of acquiring 20-25% growth for entire FY12 and 25-30% growth for FY13. Moreover, he targets around Rs 5,000 crore fresh orders during this financial year, which would contribute to the 25% growth for FY13.
Madhav Nadkarni, chief financial officer of Unity Infra Projects tells CNBC-TV18 that the new order of Rs 253 crore that the company has bagged takes the total order book of the company to Rs 3854 crore.
Madhav Nadkarni, CFO of Unity Infra Projects, in an interview with CNBC-TV18’s Gautam Broker and Latha Venkatesh, gave opinion on the RBI policy that even after the 25 bps rate hike, there is another possibility of interest hike. He also added that this rate hike will not be good for the infra sector because of the intensive working capital.
Madhav Nadkarni, CFO of Unity Infraprojects in an interview with CNBC-TV18 spoke about the company's new Rs 198 crore road order in Rajasthan. Unity Infra's current order book stands at Rs 3,860 crore and it hopes to fetch fresh order worth Rs 3,500-4,000 crore in FY12.
In an interview with CNBC-TV18, Madhav Nadkarni, CFO, Unity Infra Projects says, the total order book is almost Rs 3,700 crore. “Out of that 57% comes from building segment and 37% comes from water and irrigation,” he adds.