Eye 15-20% topline growth via Mumbai metro in FY16: J Kumar


Source:  www.moneycontrol.com

Speaking to CNBC-TV 18, Nalin Gupta, Managing Director of J Kumar Infraprojects says he anticipates the company’s revenues to grow to Rs 1,700 crore this year.

J Kumar Infraprojects   is targetting a 15-20 percent growth in revenues to Rs 1,700 crore this year, the company’s Managing Director, Nalin Gupta told CNBC-TV18.

The current order book is worth Rs 4,200 crore for the company, he said. Having quoted competitively, Gupta expects J Kumar to bag two of the seven packages for Mumbai metro (phase-III).

On the company’s capital raising plans, Gupta said those would depend on the size of the projects. “If the orders are large we may go in for a blend of debt and capital market but on the upfront there are no immediate plans with the company to come to the capital market,” he said.  The current debt-equity ratio of the company stands at 0.65, Gupta said.

Below is the edited transcript of Nalin Gupta’s interview with Reema Tendulkar & Mangalam Maloo on CNBC-TV18. More info