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Kalpataru Power looking to be debt-free by end of FY21, says MD Manish Mohnot

Updated : November 07, 2019 01:18 PM IST

Construction engineering company Kalpataru Power is aiming to be debt-free by the end of the financial year 2021, said Manish Mohnot, MD of the company.

“On a standalone basis, we expect the debt to be in the range of Rs 800-Rs 1,000 crore but on a consolidated basis, at the end of 2020-21, we have guided for closer to zero debt as far as consolidated books are concerned," said Mohnot in an interview with CNBC-TV18.

Elaborating on the Q2 numbers, Mohnot said better execution across segments drove the topline. “In Q2, we have grown at approximately 25 percent at a standalone level and consolidated, we have grown 30 percent. Our T&D business grew by 16 percent in Q2. Our railway business grew by around 100 percent and our oil and gas business was flattish,” said Mohnot.

On the order-book front, he said, “At a standalone level, our order inflow has been closer to Rs 5,000 crore and we are L1 in orders of around Rs 2,000 crore... given that a lot of tenders are coming up in T&D, as well as railways, we are confident of being in Rs 9,000-10,000 crore order-book guidance for the current year.”

Talking about international markets, Mohnot said, “We are seeing a lot of traction on the African continent where we are seeing a lot of funded projects come up and that would be a big focus for us.”

"We plan to monetise some road projects in JMC (Kalpataru Group Company) and 4 transmission assets by FY20-end," added Mohnot.
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