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videos | IST

Ashoka Buildcon says would consider monetising arbitration claims

Ashoka Buildcon would consider monetising the arbitration award worth Rs 36.29 crore, said managing director Satish Parakh

Ashoka Buildcon would consider monetising the arbitration award worth Rs 36.29 crore, said managing director Satish Parakh. The new model is exciting and would help industry release a large amount of cash flows, he added.
He said the total outstanding arbitration claims for the company stands at Rs 1369 crore.
Talking about order book, Parakh said the total currently stands at Rs 10,000 crore, out of which 15 percent comes from power T&D and rest is from roads and railways.
In, FY19 the company has around Rs 7,000 crore of order inflow and in FY20 expect order inflow to be around Rs 8,000-10,000 crore, said Parakh. Currently, they are L1 with Rs 450 crore of railway project, he added.