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Do not expect any more write-offs in projects: ITD Cementation

Updated : December 09, 2020 15:04:21 IST

ITD Cementation secured orders for Rs 3,000 crore in FY21 and the outstanding orderbook stands at Rs 13,000 crore, Prasad Patwardhan, Chief Financial Officer, told CNBC-TV18.

“We have seen some increase in our inventory levels and that is work in progress, but that is an offshoot of the new orders that we have secured,” he said.

On write-offs, Patwardhan said, “We have seen the impact of COVID on our results and the last two quarters’ results have not been good, but we have done a comprehensive review of our projects and we do not expect any further write-offs on our projects going forward.”

For entire interview, watch video
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