J Kumar Infra is on radar on the back of an order win from the Gujarat Metro Rail Corp. The company is better off right now as compared to pre-COVID levels, said Nalin Gupta, MD of J Kumar Infraprojects in an interview to CNBC-TV18.
“The company has bagged two orders. One is a Worli-Sewri connector (in Mumbai), which is Rs 1,042 crore for Mumbai Metropolitan Region Development Authority (MMRDA) and recently we received Letter of Authorization (LoA) for Gujarat Metro, which is precisely an underground metro job; tunnelling and 3 underground stations which is Rs 942 crore.”
“Right now we are better off as compared to pre-COVID levels and all the work is at a proper pace and we should see a good revenue generation now,” he said.
On the order book front, Gupta said, “We were standing at an order book of Rs 10,640 crore as on September 30, 2020, wherein around 57 percent is coming in from Metro and 41 percent from flyover bridges and roads. Till date, we have won orders to the tune of Rs 2,250 crore and we expect that we should be able to achieve another Rs 1,500 crore orders in FY21.”
Gupta assured that debt will certainly not go up under any circumstances.
“With internal cash accruals and the margins that the company is making, we are sure to not allow the debt to go up in any circumstances rather we have a roadmap which would help us get down the debt further lower,” he said.
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