Satish Watve, President-Project, Valecha Engineering, says the company's debt at subsidiary level is at Rs 550 crore.
Valecha Engineering has bagged orders around Rs 133 crore. One order is in the pilling division executable in six months and another to design and build a flyover on Pune-Nashik road executable in more than two years.
Valecha Engineering has won an order to build canal at the Indo-Nepal border. The project will help irrigate around 2.8 lakh hectares. The value of the project is around Rs 360 crore.
Valecha Engineering has recently commissioned build-operate-transfer (BOT) project is facing execution pressure. However, managing director Jagdish K Valecha indicated that the company has been able to commission its first BOT road project in Madhya Pradesh and Indore 11 months ahead of time.
Jagdish K Valecha, the managing director of Valecha Engineering tells CNBC-TV18 that out of its three Build Operate and Transfer (BOT) projects, one has been completed almost a year ahead, which should give them an additional Rs 20 crore odd.
Jagdish Valecha, Managing Director of Valecha Engineering, in an interview with CNBC-TV18’s Latha Venkatesh and Gautam Broker, spoke about the recent happenings in the company and the road ahead.