Motilal Oswal
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Motilal Oswal

Expect orders on Namami Gange post elections, says ITD Cementation

Updated : February 13, 2019 01:09 PM IST

ITD Cementation India is expecting orders on Namami Gange post elections, said Prasad Patwardhan, CFO of the company, adding that the orderbook of the firm remains to be healthy. The firm posted a good set of quarterly earnings on Monday, with revenues coming in at Rs 640 crore compared to last year's Rs 575 crore.

The orderbook stands at around Rs 9,500 crore as on December 31, 2018, said Patwardhan, adding that the company received orders worth Rs 470 crore in January.

“Our orderbook is healthy and all the orders are performing, there is hardly any slow moving project in our orderbook today. So we hope to continue the pace of execution that we have seen in 2018," he said.

When asked about the pace of the orderbook, Patwardhan said, “There can be a slowdown in new order inflow till the new government is in place but the good thing for us is that our orderbook is already in place. Therefore, I do not expect any impact on the pace of execution of our projects."
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