In an interview to CNBC-TV18, S Ramnath, chief financial officer of the company says order pipeline continues to remain strong.
ITD Cementation has won a dredging and reclamation works order worth Rs 2,168 crore in Mumbai. In an interview to CNBC-TV18, S Ramnath, chief financial officer of the company says order pipeline continues to remain strong.
Below is the verbatim transcript of S Ramnath's interview with Ekta Batra and Sonia Shenoy on CNBC-TV18.
Sonia: Can you give us more details about this order and when you expect it to flow through into your revenue stream?
A: This is an order which we have just received from port of Singapore Authority which is setting up the JNPT-4 terminal. This scope of work covers dredging and reclamation work valued at Rs 2168 crore. This order is expected to be completed in 33 months.
Ekta: Would it be the first time that you are winning such an order within Mumbai or could you give a sense in terms of whether it is a repeat order, when do you start work on it and what would the margins also be?
A: I wouldn't like to talk of margins and all that. However, all I would say is it is a good project and this is not the first time. We are one of the leading companies in the Maritime structure space in India and we are already working at JNPT; working for another client. Similarly, we have done earlier also work by the MPT.
ITD Cementation stock price
On February 20, 2015, at 14:13 hrs ITD Cementation India was quoting at Rs 577.25, up Rs 67.00, or 13.13 percent. The 52-week high of the share was Rs 612.25 and the 52-week low was Rs 120.50.
The latest book value of the company is Rs 265.80 per share. At current value, the price-to-book value of the company was 2.17.
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