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Expect 15-20% topline growth this year: ITD Cementation
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Expect 15-20% topline growth this year: ITD Cementation
Jan 14, 2022 7:56 AM

ITD Cementation India expects 15-20 percent growth in the topline this year, Prasad Patwardhan, chief financial officer (CFO), told CNBC-TV18. Patwardhan also said that this year’s total order wins are about Rs 6,500 crore.

He said, “We won 2 orders from Chennai Metro aggregating to about Rs 4,000 crore and the execution begins as early as next month and the duration within which we have to execute the order is about 4 years.”

Talking about allocations, Patwardhan said, “We have 2 Chennai Metro projects and each is a little under Rs 2,000 crore. So that’s makes it about Rs 3,960 crore odd. Ahmedabad airport order is about Rs 325 crore and similarly, Sikkim University building is also about Rs 300 crore.”

Also Read: Mumbai Metro phases 2A and 7 to start by Jan-Feb 2022: J Kumar Infra

The company, said Patwardhan, expects to achieve a higher double-digit margin in the Chennai Metro project.

Also Read: First two trains for Mumbai Metro Line-3 ready and waiting to be delivered

For the entire management interview, watch the video

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