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Dilip Buildcon is immune to change in governments - Mr Rohan

Infra News - Published on Tue, 10 Jul 2018

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CNBC TV18 reported that we are immune to change in governments and don’t expect any slowdown in order awards despite Madhya Pradesh assembly elections and 2019 general elections, said Mr Rohan Suryavanshi, Head, Strategy and Planning, Dilip Buildcon Ltd (DBL).

Mr Suryavanshi said that over 95% of our orderbook comes from the central agencies such as the National Highways Authority of India (NHAI) and the Ministry of Road Transport and Highways, Coal India Ltd etc.

Mr Suryavanshi clarified that five percent pledge of promoter shareholding is temporary and will be released over next three-five months, when we achieve the financial closure of all projects.

He said that the promoter shareholding in DBL is about 76%. Of the promoter shareholding, a very small portion, about 5% or so is being pledged. So it’s nothing that is major.

He added that the company expects financial closure for six projects in Q2 with an average cost of borrowing of 9.5-9.7%.

He further added that order inflow for road sector has been slow in Q1, but we are happy to announce that even in this quarter, we have won orders of about INR 3,000 crore.

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Posted By : Nanda Koijam on Tue, 10 Jul 2018
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