Order book to cross Rs 6000 cr: Unity Infra
Mumbai-based infrastructure company Unity Infraprojects, with annual sales of Rs 1700-crore last year, is aiming for 40-50% growth in its order book in this fiscal year. Manu P Toms reports.business Updated: Apr 06, 2012 20:51 IST
Mumbai-based infrastructure company Unity Infraprojects, with annual sales of Rs 1700-crore last year, is aiming for 40-50% growth in its order book in this fiscal year.
“Our oder book is Rs 4,772 crore now,” said Madhav Nadkarni, chief financial officer, Unity Infraprojects. “Of this, we think we will finish projects worth Rs 2,500 crore. We hope to get Rs 5,500 crore worth new projects. This will take our order book to Rs 6000 crore plus.”
The company recently won a national highway project and several state public work projects and is further seeking new orders such as big ticket Mumbai transharbour link and projects associated with Delhi-Mumbai Industrial Corridor.
The also firm bagged two Rs 840 crore projects last week — a section of NH-15 in Rajasthan through public private partnership and a section of NH- 71 in Haryana and Punjab.
During the last week of March, 10 national highway projects worth more than Rs 1,600 crore were awarded to different infrastructure players. L&T and IVRCL bagged two each while Transtroy got four projects.
“NHAI was clearing backlog of projects in the last fiscal,” said Nadkarni. “I think there won’t be many new projects in the near future. But momentum will again increase in some time.”