The country is looking to have 100 smart cities by 2020. What is your take on this
A smart city offers a superior way of life to its denizens. We are already executing projects in major cities and nearer to such cities. We may also consider smart city projects, depending on their viability and feasibility. All smart city projects with positive support from investors will aim to take India to a new level altogether.
What is your order book size now
We are having an un-executed order book of more than R3,500 crore as of now. Over the past 34 years we have created a niche in the industry as one of the leading construction companies/civil contractors in India. We are working on more than 70 projects, including work for the metro projects in Mumbai, Delhi and Bangalore.
Besides metro, are you looking to foray into other infrastructure segments
Currently, we do not have projects in the core infrastructure segment like highways and roads, but we are trying to foray into concrete roads in the near future. We are looking forward to explore opportunities in projects like high speed trains. Our plans to foray into construction of power projects are aimed at making the most of the potential in this highly lucrative field. We see a huge business opportunity in the power segment.
How are the company financials and what is the revenue target for FY15
We are expecting a turnover of R1,200 crore during FY15 as against our last years turnover of R960 crore. Our profit before tax at the end of the first quarter of this fiscal stands at R17.9 crore and profit after tax is at R16.89 crore. In the last fiscal we had a PBT of R21.8 crores and PAT of R21.75 crore. We have a fund-based debt of R235 crore.
How are you keeping up
with technological developments in the construction segment
We have recently entered into a technical collaboration with KUB-STROY, Russia for high speed precast construction using KUB 2.5 technology. The technology aids in high speed construction of structures using patented precast systems and can be used for construction up to 22 floors in high seismic zones. We have been authorised as implementing partner of KUB-STROY for all the projects executed through this technology. The precast structures made by using KUB 2.5 technology can be quickly erected on the construction site. The manufacturing of these precast components is done through a simple production setup, which requires comparatively less stocking space. Also the construction process is eco-friendly and reduces wastage.