Expect FY19 to be a significantly strong year: NBCC
NBCC (India) is in focus as the company saw healthy order inflows in the month of December worth over Rs 300 crore. In an interview to CNBC-TV18, Anoop Kumar Mittal, Chairman of NBCC spoke at length about the order wins and gave his outlook for the future.
Mittal said we have got three orders. One is border fencing and road work along Indo-Bangla border in Mizoram and Meghalaya area of Rs 215 crore. Second, there are two government orders of Rs 50 crore each in Chennai and Mangalore.
He further said that the Meghalaya border project needs to be completed in 18 months.
Margin in the three orders received in December will be close to 7 percent, he added.
Our total orderbook stands at Rs 78,000 crore, said Mittal.
Talking about growth, he said we expect 25-30 percent year-on-year (YoY) growth in revenue in Q3.
We expect FY19 to be a significantly strong year, he mentioned.
Pragati Maidan order is in full swing, he added.
Watch accompanying video for more details.